E-scrap Recycling Global Market Report 2024

E-scrap recycling involves the reprocessing and re-use of electronic wastes, recovering materials from electronic waste for use in new electronic products.

E-scrap recycling encompasses various products, including IT and telecom equipment, small household appliances, large white goods, consumer electronics, and other items. IT and telecom equipment refer to computer hardware, software, servers, ancillary equipment, telephones, and other telecommunications products. This category also includes office products such as photocopiers and fax machines, as well as any technology or equipment used in the creation, conversion, or duplication of data or information. The processed materials resulting from e-scrap recycling include metals, glass, plastics, and others, which find applications in various sectors such as construction materials and recycled materials.

The e-scrap recycling market research report is one of a series of new reports from The Business Research Company that provides e-scrap recycling market statistics, including e-scrap recycling industry global market size, regional shares, competitors with e-scrap recycling market share, detailed e-scrap recycling market segments, market trends, and opportunities, and any further data you may need to thrive in the e-scrap recycling industry. This e-scrap recycling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The e-scrap recycling market size has grown rapidly in recent years. It will grow from $8.68 billion in 2023 to $9.58 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth observed in the historical period can be attributed to factors such as the increase in volumes of e-waste, regulatory initiatives, concerns about resource scarcity, corporate sustainability goals, and the growing awareness among consumers.

The e-scrap recycling market size is expected to see rapid growth in the next few years. It will grow to $14.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The anticipated growth in the forecast period can be attributed to factors such as the evolution of e-waste composition, government policies promoting circular economy practices, the implementation of extended producer responsibility (EPR), opportunities in urban mining, and increased global collaboration. Major trends expected in the forecast period include advancements in sorting technologies, ongoing technological innovations, improvements in recycling processes, the emphasis on urban mining, and the fostering of global collaboration and partnerships.

The increasing utilization of electronic products is anticipated to drive the growth of the e-scrap recycling market in the future. An electronic product refers to any manufactured item, device, or component with an electronic circuit. The demand for electronic equipment has surged due to technological advancements, resulting in a substantial amount of electronic waste that can be recycled to mitigate carbon footprints and enhance environmental conditions. Common examples of electronic garbage (e-waste) include computer monitors, motherboards, cell phones and chargers, CDs, headphones, television sets, air conditioners, and refrigerators. As an illustration, the Consumer Technology Association (CTA), a US-based standard and trade organization representing 1,376 consumer technology companies in the United States, projects that the consumer technology industry will generate over $505 billion in retail sales revenue for the first time. This projection signifies a 2.8% revenue increase from the impressive 9.6% growth over 2020 reported in 2021. Consequently, the increased usage of electronic products is propelling the growth of the e-scrap recycling market.

The anticipated growth in the production of e-scrap is expected to drive the expansion of the e-scrap recycling market in the future. E-scrap, which stands for electronic scrap, encompasses discarded or outdated electronic devices and equipment. The continuous rise in the global production and consumption of electronic devices contributes to an increased volume of electronic waste (e-waste), creating a demand for efficient recycling solutions. For example, as reported by TheRoundup, a US-based environmental awareness organization in October 2023, the global generation of e-waste in 2022 reached 59.4 million metric tons, reflecting an increase from the 57.4 million metric tons generated in 2021. Consequently, the escalating production of e-scrap is a key factor propelling the growth of the e-scrap recycling market.

The e-scrap recycling market is witnessing a growing popularity of technological advancements as a key trend. Major companies engaged in the e-scrap recycling market are dedicated to the development of innovative technological solutions to enhance their market position. For example, in September 2022, ANDRITZ, a technology group based in Austria that offers plants, systems, equipment, and services across various industries, introduced a shredder technology aimed at facilitating the sustainable recycling of e-scrap. The newly launched ADuro G-1600S granulator comes equipped with enhanced wear protection for an extended lifetime. This machine is designed for easy maintenance, minimizing downtimes and thereby achieving increased production efficiency. The granulator serves as a replacement for the existing machine supplied by another vendor.

Major players in the e-scrap recycling market are actively working on developing innovative solutions, such as the establishment of e-scrap recycling plants. An e-scrap recycling plant refers to a newly created facility or project specifically dedicated to the recycling and processing of electronic waste (e-scrap). As an illustration, in July 2021, SMS group, a Germany-based equipment seller company, inaugurated a greenfield e-scrap recycling plant designed for waste electrical and electronic equipment (WEEE). This recently established facility is focused on recycling electrical and electronic scrap to extract high-purity copper, nickel, gold, silver, and platinum. Employing both pyro- and hydrometallurgical processes, the new plant recovers nickel, gold, silver, high-purity copper, and platinum at remarkably high rates. With the capacity to annually recycle 6,000 tons of Waste Electrical and Electronic Equipment (WEEE) and 10,000 tons of copper scrap, this facility represents a significant advancement in e-scrap recycling.

In February 2022, Quantum Lifecycle Partners LP, a Canadian I.T. asset disposition (ITAD) and electronics recycling service provider, completed the acquisition of TechReset for an undisclosed sum. With this strategic move, Quantum aims to enhance its overall value proposition, contributing to a more sustainable future by expanding its capabilities in the reuse and recycling of electronics, coupled with an increase in end-user asset sales. This acquisition is anticipated to strengthen Quantum's standing in the Canadian ITAD sector, laying the foundation for accelerated growth. TechReset, the acquired company, is based in Canada and specializes in the secure disposal of e-waste and computer recycling.

Major companies operating in the e-scrap recycling market report are TES-AMM Japan, DOWA Holdings Co. Ltd., Aurubis AG, Tetronics Holdings Ltd., Boliden AB, JX Nippon Mining & Metals Corporation, Sims Lifecycle Services Ltd., Umicore N.V., Stena Metall AB, Retronix Inc., Technology Conservation Group Inc., Sage Sustainable Electronics LLC, Enviro-Hub Holdings Ltd., Quantum Lifecycle Partners LP, Dynamic Recycling Inc., ERI LLC and Sims Metal Management Limited, Electronic Recyclers International Inc., Advanced Technology Recycling Inc., PowerHouse Recycling Inc., MBA Polymers Inc., Lifespan Technology Recycling Inc., E-Waste Harvesters Inc., Grand Metal Corporation, GreenChip Recycling LLC, RecycleForce, Ecoreco Limited, Global Electric Electronic Processing Inc., ECS Refining LLC, E-Parisaraa Pvt. Ltd., Secure Environmental Electronics Recycling Inc.

Europe was the largest region in the e-scrap recycling market in 2023. The regions covered in the e-scrap recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the e-scrap recycling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The e-scrap recycling market includes revenues earned by entities by recycling various e-scrap and recover the resources (e.g., electric cookers and radios). E-scrap is short for electronic waste and it is the trash generated from broken, obsolete, and the surplus electronic devices. E-scrap recycling helps recover valuable materials from the electronic products that are either old or no longer used. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

E-scrap Recycling Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on e-scrap recycling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for e-scrap recycling ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The e-scrap recycling market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: IT and Telecom Equipment; Small Household Appliances; Large White Goods; Consumer Electronics; Other Products
• 2) By Processed Material: Metal; Glass; Plastic; Other Processed Materials
• 3) By Application: Dealing Materials; Recycling Materials
• Companies Mentioned: TES-AMM Japan; DOWA Holdings Co. Ltd.; Aurubis AG; Tetronics Holdings Ltd; Boliden AB
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.