Global E-Scrap Recycling Market Size, Trends and Growth opportunity, By material type (metal, plastic, glass and others), By source type (household appliances, industrial electronics and consumer electronics) By application (trashed and recycled), By regi

Global E-Scrap Recycling Market Size, Trends and Growth opportunity, By material type (metal,

plastic, glass and others), By source type (household appliances, industrial electronics and consumer

electronics) By application (trashed and recycled), By region and forecast till 2027.

Global E-Scrap Recycling Market

The global e-scrap recycling market was valued at US$3.6 billion in 2021 and it is expected to reach

at US$6.7 billion in 2027 at a CAGR of 7.5% during forecast period 2022-2027.

In addition to its social and economic effects, the global e-scrap recycling business is crucial to the

future of our planet and has thus become an essential component of contemporary society. For

leading businesses in e-waste management, especially in underserved markets, the extraction of

precious metals and other useful minerals presents profitable potential. The presence of

organisations dealing with environmental issues, including e-scrap management, and the availability

of high volumes of e-scrap around the world are two factors contributing to the predicted significant

growth of the worldwide e-scrap recycling market during the forecast period.

Market Drivers

Around the world, there is a rise in the amount of electronic waste being dumped in landfills. This is

one of the key factors driving the market expansion for recycling electronic scrap. Electronic scrap

recycling is expanding as a result of the increasing demand to conserve energy and lessen the impact

of mining ores for primary metals. Large white goods are being recycled more frequently as a result

of rising customer demand for refrigerators, freezers, washing machines, dishwashers, and many

other consumer electrical items.

Market Restraint

The obstacles associated with recycling e-waste range from collection and transportation to the

installation of integrated refining and smelting facilities and the liberation of metal fractions. The

cost of recycling electronic waste is a factor in each of them. The lack of integrated smelting and

refining facilities across developing countries is also anticipated to limit market expansion. The

market expansion of electronic garbage recycling is also being constrained by the demand for

improved technologies and expensive maintenance requirements.

COVID-19 Impact on E-Scrap Recycling Market

With the onset of COVID-19, the market has seen a positive growth trend. The adoption of work-

from-home policies has increased demand for mobile computing devices and decreased usage of

stationary desktop and devices. As a result, businesses have been focusing on recycling these

systems to cut operational costs, which has created a significant opportunity for the market's overall

growth. Many businesses have been aggressively investing in e-waste management in response to

this expanding opportunity.

Market Segmentation

The global e-scrap recycling market segmented on the basis of material type, source type, and

application. On the basis of material type it segmented into metal, plastic, glass and others. On the

basis of source type it segmented into household appliances, industrial electronics and consumer

electronics. On the basis of application it segmented into trashed and recycled.

Regional Analysis

The global e-scrap recycling market segmented into five regions North America, Europe, Latin

America, Asia Pacific, Middle East and Africa. Due to a number of factors, including the development

of new products as a result of on-going technological advancements and the on-going price decline

of electronic goods, as well as the transfer of e-waste from developed regions to developing nations

like India, China, and Pakistan, the Asia-Pacific region currently holds a dominant position in the e-

waste management market.

Key Players

Various key players are listed in this report such as Umicore N.V., Dowa Holdings, Co., Ltd., Ultromex

Ltd., LS-Nikko Copper Inc., Glencore Xstrata PLC., Enviro-Hub Holdings Ltd., Outotec Oyj, JX Holdings,

Inc., Mitsui & Co., Ltd., and Boliden Group

Market Taxonomy

By Material Type

· Metal

· Plastic

· Glass

· Others

By Source Type

· Household Appliances

· Industrial Electronics

· Consumer Electronics

By Application

· Trashed

· Recycled

By Region

· North America

· Latin America

· Europe

· Asia Pacific

· Middle East