Battery Recycling Market Report 2026

The battery recycling market size has grown rapidly in recent years. It will grow from $21.66 billion in 2025 to $24.36 billion in 2026 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to increasing demand for lead-acid batteries, rising automotive production, growth of consumer electronics sector, regulatory push for waste management, advancements in recycling technologies.

The battery recycling market size is expected to see rapid growth in the next few years. It will grow to $38.95 billion in 2030 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to rising adoption of electric vehicles, growing focus on circular economy, development of high-capacity lithium-ion batteries, government incentives for battery recycling, technological innovations in battery processing. Major trends in the forecast period include expansion of lithium-ion battery recycling facilities, growing adoption of second-life battery applications, increasing use of automated material extraction technologies, rising demand for environmentally compliant disposal methods, development of advanced sorting and processing techniques.

Government initiatives and funding are expected to propel the growth of the battery recycling market. Government initiatives and funding refer to actions and financial support provided by governmental bodies to address specific issues, promote economic growth, advance research and development, or achieve policy objectives. Government initiatives frequently target the promotion of sustainable practices, such as recycling, to mitigate environmental impacts and preserve resources by channeling funding into research, technology development, and recycling infrastructure. For instance, in June 2023, the U. S. Department of Energy (DOE), a US-based government agency, allocated over $192 million in new funding. This funding includes support for battery recycling from consumer products, the establishment of an advanced battery research and development consortium, and the ongoing Lithium-Ion Battery Recycling Prize. Notably, DOE's commitment of $125 million for Consumer Electronics Battery Recycling, Reprocessing, and Battery Collection is a crucial component of the $7 billion authorized by the Bipartisan Infrastructure Law to strengthen and expand the United States' battery supply chain. Therefore, government initiatives and funding will drive the battery recycling market going forward.

Major companies in the battery recycling market are focusing on developing advanced solutions, such as lithium-ion battery recovery and chemical reclamation, to enhance material circularity and reduce dependency on imported critical minerals. These processes involve extracting valuable metals like aluminum, copper, nickel, cobalt, manganese, and lithium from end-of-life batteries and producing intermediate products that can be reused in battery manufacturing or second-life applications. For example, in October 2025, NavPrakriti Green Energies Pvt. Ltd., an India-based company, launched Eastern India’s first lithium-ion battery recycling facility. The facility has a processing capacity of 1,000 tonnes of used batteries per month and uses technology developed by the Centre for Materials for Electronics Technology (C-MET). This initiative aligns with the government’s domestic manufacturing goals and is capable of recovering aluminum and copper while producing intermediate products containing nickel, cobalt, manganese, and lithium. NavPrakriti plans future expansion to include battery-grade chemical recovery and second-life battery refurbishment, and is also supporting collection and recycling collaborations with battery manufacturers, OEMs, and bulk users under the Extended Producer Responsibility (EPR) framework. The facility serves the Eastern India region, including West Bengal, Odisha, Jharkhand, Bihar, and Chhattisgarh.

In September 2023, Redwood Materials Inc. is a US-based battery recycling startup, acquired REDUX Recycling GmbH for an undisclosed amount. The acquisition will enable Redwood Materials to enhance its recycling operations in Europe through close collaboration with Redux Recycling's established network of suppliers, customers, and industry partners. REDUX Recycling GmbH, a Germany-based lithium-ion battery recycler.

Major companies operating in the battery recycling market report are Li-Cycle Holdings Corp., Battery Solutions LLC, Exide Industries Ltd., Umicore NV/SA, Aqua Metals Inc., Gravita India Limited, East Penn Manufacturing Company, ENERSYS Corp., Fortum Oyj, Accurec Recycling GmbH, Eco-Bat Technologies Ltd., Terrapure Environmental Services Inc., Guangdong Brunp Recycling Technology Co. Ltd., Anhua Taisen Recycling Technology Co. Ltd., Doe Run Company, RSR Corporation, Gopher Resource LLC, Glencore plc, American Battery Technology Company, Call2recycle Inc., G. & P. Batteries Limited, Retriev Technologies Inc., Stena Recycling Sp. z o. o., TES India Private Limited, The International Metals Reclamation Company, Cirba Solutions Co., RecycLiCo Battery Materials Inc., Sitrasa Co., Recupyl SAS, Raw Materials Company Inc., Battery Recycling Systems Co., Johnson Controls International plc.

North America was the largest region in the battery recycling market in 2025. The regions covered in the battery recycling market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the battery recycling market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The battery recycling market includes revenues earned by entities by reducing the number of batteries disposed of improperly. 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.

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