E-scrap Recycling Market Key Companies and SWOT Analysis by 2031

The E-scrap recycling market size is projected to reach US$ 11910.71 million by 2031 from US$ 4092.32 million in 2023. The market is expected to register a CAGR of 14.3 % during 2023–2031. An increase in transboundary movement of e-scrap is likely to remain a key trend in the market.

E-scrap Recycling Market Analysis

Household appliance manufacturers are also offering newer models to attract customers. The new product launches precede scrapping the existing household appliances, which is benefitting the e-scrap recycling market players. This is again transforming the e-scrap recycling industry. Furthermore, as technological advancements are advancing rapidly across the globe, the manufacturers of consumer electronics or household appliances with limited lifespans. This helps the manufacturers to increase their technologies over some time, resulting in a decrease in the amount of electronic scrapyards, which is ultimately driving the e-scrap recycling market.

E-scrap Recycling Market Overview

E-waste recycling is the method of extracting valuable items after removing the e-waste into tiny pieces that could be recycled in a new electronic appliance. E-waste recycling has all kinds of benefits, including the protection of the environment and human health. Most of the materials that make up smartphones and computers are derived from non-renewable minerals; recycling these materials can avert the supply of consumer goods that become inevitable in lives from being suspended until substitutions are discovered.

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E-scrap Recycling Market: Strategic Insights

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E-scrap Recycling Market Drivers and Opportunities

Growing government initiatives

The governments of various countries are taking initiatives for E scrap recycling. The Government has carried out a number of steps to formalise the e-waste recycling sector of the various country. The E-Waste (Management) Rules provide for mandatory authorization of the demolishing and recycling units from the involved State Pollution Control Boards (SPCBs)/ Pollution Control Committees (PCCs). CPCB has issued guidelines for the processing of e-waste. The CPCB and SPCBs have been observing the units, and necessary measures have been taken to enhance and modernize the recycling industry with the help of the Ministry of Electronics and Information Technology. Therefore, the growing government initiatives are driving the E-scrap recycling market.

Increasing demand for recycled materials

Consumers are highly satisfied with products made from recycled materials that are also ecological at the end of their lifespan. In a survey of a company, a large majority assumed that products made from recycled materials are superior to those made from virgin materials. Consumers globally have become progressively concerned about packaging waste and leakage into the environment, and governments have begun answering to public sentiment with robust action along accelerated timelines, so the demand for recycled materials is increasing, which is creating more opportunities for the market.

E-scrap Recycling Market Report Segmentation Analysis

Key segments that contributed to the derivation of the E-scrap recycling market analysis are component, protocol, and application.

• Based on the product type, the E-scrap recycling market is divided into IT & telecom equipment, small household appliances, large white goods, consumer electronics, and others. The IT & telecom equipment segment held a larger market share in 2023.
• By processed material type, the market is segmented into metal, glass, plastic, and others.

E-scrap Recycling Market Share Analysis by Geography

The geographic scope of the E-scrap recycling market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

APAC dominates the E-scrap recycling market. Various factors are driving the APAC E-scrap recycling market, such as growing government initiatives, increasing demand for recycled materials and more. Therefore the market is significantly growing in the region.

E-scrap Recycling Market Regional Insights

The regional trends and factors influencing the E-scrap Recycling Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses E-scrap Recycling Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

E-scrap Recycling Market Report Scope

E-scrap Recycling Market Players Density: Understanding Its Impact on Business Dynamics

The E-scrap Recycling Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

E-scrap Recycling Market News and Recent Developments

The E-scrap recycling market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the E-scrap recycling market are listed below:

• The government will soon come up with an online platform to facilitate the trade of Extended Producer Responsibility (EPR) certificates. This move will help the country tackle the growing menace of e-waste, like defunct mobile phones and laptops. (Source: Extended Producer Responsibility (EPR), Press Release, March 2024.)
• Major electronics manufacturers this week joined with the Consumer Technology Association to form the Consumer Technology Circularity Initiative, which aimed to boost e-scrap processing, improve repair and reuse, and incorporate more recycled content into products. (Source: Consumer Technology Association, Press Release, January 2024)

E-scrap Recycling Market Report Coverage and Deliverables

The “E-scrap Recycling Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• E-scrap recycling market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• E-scrap recycling market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• E-scrap recycling market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the E-scrap recycling market
• Detailed company profiles