Global Electronic Recycling Market Size By Type (Plastic Resin, Metal Materials), By Type of Electronic Equipment (Computers, Industrial, Consumer Electronics), By Geographic Scope And Forecast

Electronic Recycling Market Size And Forecast

Electronic Recycling Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e 2021 to 2028.

Electronic recycling has substantial advantages, including the proper handling and management of toxic chemical substances in the e-waste stream, such as mercury, lead, and cadmium. The rising use of electronics recycling to refurbish functional components and high-value equipment that can be reused in products drives future growth. The Global Electronic Recycling Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Electronic Recycling Market Definition

Electronic recycling allows for the refurbishment of active constituents as well as the recycling of waste scrap containing biodegradable and hazardous materials, which results in resale. The reuse and remanufacturing of electrical and electronic equipment of any type that has been disposed of as obsolete is referred to as electronic recycling. Electronic recycling has many advantages, including it allows for the proper management and handling of toxic chemical substances such as mercury, lead, and cadmium in the e-waste stream, it generates employment opportunities for professional recyclers and a secondary market for recyclable materials, and it saves useless dumps and garbage dumps.

Computers, printing presses, cell phones, fax machines, tv sets, music players, and other electronic devices that require repair or replacement are examples of electronic devices. E-waste is used electronic equipment that is meant for re-sale, recycling, reprocessing through electronic resource recovery, or another disposal. Electronic scrap is a by-product of discarded electronic devices that cannot be used or marketed. Recycling e-waste contributes to the conservation of natural resources. E-waste recycling facilitates the recovery of valuable components from electronic products which are either old or no longer being used.

Global Electronic Recycling Market Overview

The Global Electronic Recycling Market is projected to expand considerably over the forecast period as a result of technological advances, the formulation and implementation of strict recycling rules, and managed to the improvement of e-waste material management. Growing environmental issues and proposals undertaken by the government, non-profit organizations, and device manufacturers are expected to be key drivers of the Global Electronic Recycling Market expansion.

Moreover, recycling technology is highly dependent on a range of factors such as manufacturing methods, purchase patterns, and the use of electronics. Other growth drivers in the market include regulations for managing e-waste and composting programs globally; rising disposable income and buying power of people, which results in increased spending on a wide range of electronic consumer products; and rising accessibility of consumer electronic devices. The growing use of electronics recycling to renovate functional components and high-value materials which can be reused in products drives the market growth.

Furthermore, a Rapidly rising demand for electronic gadgets for a variety of applications such as security, communication, health, education, food production, and medicine may result in the generation of e-waste, which is projected to drive the Electronic Recycling Market. The lack of regulation and recycling facilities is expected to hinder market growth. Moreover, a lack of knowledge in a less developed nation, combined with a lack of supply of e-waste collection centers, may represent a threat to this market. The low rate of recycling and the lack of a customer incentive policy may have a negative impact on the development of the Electronic Recycling Market.

Furthermore, Cost fluctuations for raw materials like steel, tin, nickel, aluminum, copper, zinc, gold, silver, and plastic resins are generally scheduled to appear in the Electronic Recycling Market, keeping financial strains on purchasing expenditures leading to limiting the market growth. Sustainability and environmental safety, as well as investing in growth opportunities in e-waste management, are all major considerations. A multifold increase in investment opportunities for IT infrastructure management. Such IT assets are progressively causing concern as they reach the end of their useful life and necessitate effective recovery and recycling techniques.

Global Electronic Recycling Market Segmentation Analysis

The Global Electronic Recycling Market is segmented on the basis of Type, Type of Electronic Equipment, And Geography.

Electronic Recycling Market, By Type

• Plastic Resin• Metal Materials

Based on Type, The market is segmented into Plastic Resin and Metal Materials. Plastic Resins are a group of related materials with different properties that can be established to fulfill the criteria for your drugs, vitamins, and other pharmaceutical and medical goods’ bottles, bins, closures, and caps.

Electronic Recycling Market, By Type of Electronic Equipment

• Computers• Industrial• Consumer Electronics

Based on Type of Electronic Equipment, The market is segmented into Computers, Industrial, and Consumer Electronics. Consumer Electronics has the largest growing segment of the Global Electronic Recycling Market. The insatiable desire for digital equipment, as well as the flood of the next items ranging from smartphones and smart TVs to refrigerators and displays, has resulted in huge amounts of e-waste. The increased demand for Consumer Electronics, as well as the rising number of e-waste, are anticipated to emphasize the need for recyclers. Growing security and privacy issues are other factors that are positioned to gain the industry.

Electronic Recycling Market, By Geography

• North America• Europe• Asia-Pacific• Rest of the World

On the basis of Geography, The Global Electronic Recycling Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. Europe has the largest growing segment of the Global Electronic Recycling Market. Europe’s market influence is attributed to stringent regulations regarding e-waste, as well as a well-diversified e-waste management system over the projected period.

Key Players

The “Global Electronic Recycling Market” study report will provide valuable insight with an emphasis on the global market. The main players in the market are Dlubak Glass Company, Eco-Tech Environmental Services Inc., American Retroworks Inc., Sims Metal Management Limited, AERC Recycling Solutions, MBA Polymers Inc., Universal Recyclers Technologies, CRT Recycling Ltd., Fortune Plastic & Metal Inc, A2Z Group, Echaintool Industry Co.Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2019, Aurubis AG has agreed to acquire Metallo Group, a reprocessing and refining company based in Belgium. Aurubis AG’s recycling portfolio is anticipated to be expanded following its acquisition. Aurubis AG’s recycling strategy will be enhanced by the Metallo Group’s innovative technical solutions.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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