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Electronics Recycling - Global Market Trajectory & Analytics

  • ID: 2228028
  • Report
  • February 2022
  • Region: Global
  • 510 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Aurubis AG
  • Clean Earth, Inc.
  • Enviro-Hub Holdings Ltd.
  • Good Point Recycling
  • Stena Technoworld AB
  • Ultromex Limited

Global Electronics Recycling Market to Reach US$65.8 Billion by the Year 2026


Electronics recycling is set to experience increasing attention across countries as a result of rising electronic waste or e-waste. The future of electronics recycling is anticipated be significantly influenced by ongoing changes such as technological advancements and consumer inclination towards advanced products that is shortening the replacement cycle and generating significant volumes of electronic waste. The recycling technology depends heavily on a number of aspects like manufacturing approaches, purchasing behavior and use of electronics. The e-waste recycling industry is anticipated to gain from rising environmental concerns and the need to recover precious metals from e-waste. Other key factors driving the market include favorable government guidelines and regulations for managing e-waste and recycling programs globally; increasing disposable income and purchasing power of people leading to increased spending on varied electronic consumer products; and increasing affordability of consumer electronic devices. The increasing adoption of electronics recycling to refurbish functional components and high-value materials that can be reused in products is expected to drive the market growth.

Amid the COVID-19 crisis, the global market for Electronics Recycling estimated at US$32.5 Billion in the year 2020, is projected to reach a revised size of US$65.8 Billion by 2026, growing at a CAGR of 12.7% over the analysis period. Metals, one of the segments analyzed in the report, is projected to grow at a 13.3% CAGR to reach US$53.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastics segment is readjusted to a revised 11.5% CAGR for the next 7-year period. This segment currently accounts for a 24.6% share of the global Electronics Recycling market. Recycling of plastic products has tremendous potential to reduce the footprint of plastic. PET, which is among the most widely used recycled plastics and accounts for most of soda and water bottles, can be converted to various types of products from automotive parts to polyester fabrics.



The U.S. Market is Estimated at $7.5 Billion in 2021, While China is Forecast to Reach $15.3 Billion by 2026


The Electronics Recycling market in the U.S. is estimated at US$7.5 Billion in the year 2021. The country currently accounts for a 21.72% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$15.3 Billion in the year 2026 trailing a CAGR of 16.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR while Rest of European market (as defined in the study) will reach US$6.1 Billion by the end of the analysis period. Europe is expected to account for maximum share in the electronic waste recycle market, as well as retain its leadership position owing to fast growth and implementation of e-waste recycling solutions, software, systems, and platforms in various industry verticals, including security, automotive, marketing, healthcare, retail, IT and communications, manufacturing, and agriculture. Additionally, market growth in the region is propelled by increased adoption of e-waste recycling technologies pertaining to data mining, as well as image and speech recognition.

Consumer Electronics (Equipment Type) Segment to Reach $39 Billion by 2026


The insatiable desire for electronic devices and mushrooming streams of next-generation items, from smartphones and smart TVs to refrigerators and displays, has resulted in burgeoning volumes of e-waste. The surge in demand for consumer electronics and rising amount of e-waste are poised to highlight the need for recyclers. Another factor that is likely to help the industry is growing security and privacy concerns. With important data stored in smartphones, laptops, tablets or other electronic devices, various consumers are reluctant to discard them without wiping out the information. These concerns are driving a large number of customers to recycling service providers to collect their devices and securely wiping out the data. In the global Consumer Electronics (Equipment Type) segment, USA, Canada, Japan, China and Europe will drive the 12% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.5 Billion in the year 2020 will reach a projected size of US$35.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.8 Billion by the year 2026, while Latin America will expand at a 16.2% CAGR through the analysis period.

Select Competitors (Total 177 Featured) -

  • Aurubis AG
  • Boliden Group
  • Cerebra Integrated Technologies Ltd.
  • Clean Earth, Inc.
  • Dlubak Glass Company
  • Enviro-Hub Holdings Ltd.
  • Exitcom Recycling GmbH
  • Good Point Recycling
  • MBA Polymers, Inc.
  • Sims Metal Management Limited
  • Stena Technoworld AB
  • The Fortune Group
  • Ultromex Limited
  • Umicore N.V.
  • URT
  • Zak Enterprises LLC
Frequently Asked Questions about the Global Market for Electronics Recycling

What is the estimated value of the Global Market for Electronics Recycling?

The Global Market for Electronics Recycling was estimated to be valued at $32.5 Billion in 2020.

What is the growth rate of the Global Market for Electronics Recycling?

The growth rate of the Global Market for Electronics Recycling is 12.5%, with an estimated value of $65.8 Billion by 2026.

What is the forecasted size of the Global Market for Electronics Recycling?

The Global Market for Electronics Recycling is estimated to be worth $65.8 Billion by 2026.

Who are the key companies in the Global Market for Electronics Recycling?

Key companies in the Global Market for Electronics Recycling include Aurubis AG, Boliden Group, Cerebra Integrated Technologies Ltd., Clean Earth, Inc., Dlubak Glass Company, Enviro, Hub Holdings Ltd., Exitcom Recycling GmbH and MBA Polymers, Inc..

FEATURED COMPANIES

  • Aurubis AG
  • Clean Earth, Inc.
  • Enviro-Hub Holdings Ltd.
  • Good Point Recycling
  • Stena Technoworld AB
  • Ultromex Limited

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Upends E-Waste Trends
  • Electronics Recycling to Gain as Halt to E-Waste Generation Appears Transitory
  • Electronics Recycling & IT Asset Disposition Players Mend Ways to Deal with COVID-19
  • YoY% Change in Consumption of Electronic and Electrical Devices: 2020 Vs 2019.3
  • Electronics Recycling: An Introduction
  • E-Waste Industry on Rise
  • Types of E-Waste
  • Typical Material Composition of Select Electrical and Electronic Equipment
  • E-Waste Piles Up in Offices amid the Transition to WFH Model
  • Busy Days for Electronics Recycling Facilities
  • Implications of E-Waste on Environment and Human Health
  • E-Waste Statistics
  • Flow of E-Waste Worldwide: 2020
  • Low Recycling Rates & Circular Approach towards Electronics
  • Global E-Waste Generated (in Million Metric Tons): 2015-2030P
  • Percentage Breakdown of E-Waste Volume by Geographic Region: 2019
  • E-Waste Generated per Inhabitant in Kg for Select Countries
  • Key Market Challenges
  • E-Waste Recycling and Opportunities
  • Outlook
  • Growth in Consumer Electronics Sector Fuels Electronics Recycling
  • Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
  • Geographic Market Analysis
  • Developing Countries to Drive Growth
  • Impact of Recycling E-Waste in Developing World
  • Competition
  • eScrap Recycling: A Consolidated Market
  • Startup Companies Gain Attention
  • Select Startups in e-waste Recycling Business
  • Recent Market Activity
  • Electronics Recycling - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Smartphone Adoption Expands Opportunities for e-Scrap Recycling Market
  • Global Smartphone Shipments in Million Units: 2010-2021
  • Smartphone Adoption as Share of Total Population: 2016-2021
  • Smartphone Adoption Across Select Countries : 2020
  • Expanding IoT Ecosystem Provides Steady Demand Prospects
  • Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • Increase in Consumer Spending on Smart Home Gadgets Presents Growth Opportunities
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Global Smart Home Market Breakdown by Technology (in %) for 2018 and 2022
  • Recycling Approaches to Exploit Potential Deposits of E-Waste Lying in Landfills
  • Microfluidic Strategy to Push Recycling Rate
  • Leading Electronics Recycling Technology Trends
  • Major Technology Trends Innovating Electronics Recycling
  • Turning Electronic Waste into Power
  • Approaches for Recycling Precious Metals
  • Anaerobic Digestion & Enzymatic Activity
  • Techniques for Efficient Waste Collection, Routing & Disposal
  • Waste Management Apps
  • AI-Driven Robotics Helping in Overcoming Electronics Recycling Challenges
  • Shorter Lifespan of New Electronic Devices Adds to the Volume of E-Waste Generated
  • Average Lifespan (in Years) of Select Consumer Electronic Products
  • Wearables Manufacturers Focus on Effective EOL Strategies
  • Collaboration: Key to Profitable Recycling
  • Global Wearable Device Shipments in Million Units for the Years 2017, 2019, 2021, 2023, and 2025
  • Recyclers Collaborate with Device Manufacturers
  • Smaller and Thinner Devices Create Challenges for Recyclers
  • Device Manufacturers Focus on Recyclable Products
  • Other Innovative Technologies to Reduce E-Waste Generation
  • Rising Concerns over Environmental Implications of Plastics Waste Disposal Turns Focus onto Plastics Recycling
  • Plastic Waste Statistics: In a Nutshell
  • Global Percentage Breakdown of Plastic Waste Generation by End-Use Sector: 2021E
  • Challenges Confronting Total E-waste Elimination
  • Rapid Production of Large Quantum of E-Waste Makes Management a Key Challenge
  • Low Commodity Price Values - A Major Challenge
  • Low General Public Awareness Levels Thwarts Industry Efforts
  • Data Security: A Vital Aspect of E-waste Disposal
  • Developing Countries: The Common Destination for E-Waste Dumping
  • Strategies Likely to Tap Growth Opportunities in E-Waste Management
  • Regulatory Regime Paves Way for Recycling of Recycling of Electronics Products

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • High Smartphone Penetration Provides Business Opportunities for Recyclers
  • Average Lifespan of Smartphones in the United States
  • Smartphone Users (in Millions) in the United States: 2015-2022E
  • Increasing Awareness about Electronics Recycling Boosts Industry Growth
  • Companies and Organizations Focus on E-Waste Management
  • Regulatory Overview
  • US Legislations on Electric and Electronic Waste

CANADA

  • Market Overview

JAPAN

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • E-Waste Imports
  • Stringent Regulations Propel Recyclers to Integrate Recycling Devices
  • Chinese Government Passes China WEEE

EUROPE

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • E-Waste Generated per Inhabitant in Kg for Select European Countries

FRANCE

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview

ITALY

UNITED KINGDOM

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Household Waste Electrical and Electronic Equipment Collected in the UK in ‘000 Metric Tons: 2015-2019

SPAIN

RUSSIA

  • Market Overview

REST OF EUROPE

ASIA-PACIFIC

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • E-Waste Generated by Select Countries in Asia in Kilo Tons: 2019
  • Legislations on Electric and Electronic Waste in Asia-Pacifi

AUSTRALIA

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Market Structure
  • Rating System and e-Waste Recycling Industry

SOUTH KOREA

  • Market Overview

REST OF ASIA-PACIFIC

  • Singapore

LATIN AMERICA

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Electronics Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
  • South Africa

IV. COMPETITION

  • Total Companies Profiled: 177

A selection of companies mentioned in this report includes:

  • Aurubis AG
  • Boliden Group
  • Cerebra Integrated Technologies Ltd.
  • Clean Earth, Inc.
  • Dlubak Glass Company
  • Enviro-Hub Holdings Ltd.
  • Exitcom Recycling GmbH
  • Good Point Recycling
  • MBA Polymers, Inc.
  • Sims Metal Management Limited
  • Stena Technoworld AB
  • The Fortune Group
  • Ultromex Limited
  • Umicore N.V.
  • URT
  • Zak Enterprises LLC