18-May-2021 | Facts and Factors
As per a recently issued market research report by Facts & Factors, the global e-waste recycling and reuse service market with sales value was projected to hit around USD 2,100 Million by the end of 2026 and expected to register an excellent 7% CAGR from 2021 to 2026.
With the rise of e-commerce shopping on a global scale, increasing e-waste has become an issue for disposal means. With a majority of countries exporting their e-waste, importers of e-waste have begun crafting in on the lucrative end. E-waste carries a plethora of precious metals such as gold, silver, and copper which can be further extracted and processed. Furthermore, the growing challenge of environmental health and health risks associated with improper incineration of e-waste, the growth of the market is particularly uncapped. Other factors include a widened range of population with increased disposable income and transferring consumer preferences toward devices with reduced life cycle will further help boost the growth of the market.
Browse the full “E-Waste Recycling and Reuse Services Market By Material Type (Metals, Plastic, Glass, & Others), By Industry Verticals (Industrial & Commercial Electronics and Consumer Electronics), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/e-waste-recycling-and-reuse-services-market.
Government bodies across the world are implementing stringent regulatory policies regarding the disposal of e-waste which is enforced onto manufacturers. The rise of e-waste often poses a significant health risk associated with human beings. A prevalent rise in conditions pertaining to breathing disorders and the physical toll has been observed in sites that operate irregularly disposed e-waste. E-waste can be generated from a range of products ranging from TVs, AC’s, refrigerators, PCs, laptops, and gaming devices to name a few.
Market Dynamics
On the basis of material type, the e-waste recycling and reuse service market can be segmented into metals, plastics, glass, and others. The other sub-segment can be further categorized into rubber, wood, concrete, and ceramics. Metals occupy the largest market share in the category owing to the vast application case in various prominent industries. Widely used use-cases include applications such as PCBs and microcontrollers. Furthermore, certain mobile and laptops often encompass a majority of their electronics suit cased between aluminum body.
On the basis of industry verticals, the e-waste recycling and reuse service market can be segmented into industrial and commercial electronics and consumer electronics. Consumer electronics account for a major market share in the category owing to the vast number of devices present in the physical form. With advancements in technology, manufacturers are often updating their product portfolios compelling consumers to buy iterated versions of their current devices within short time spam. The consumer electronic subcategory can be further broken down into household & handheld, IT accessories & equipment, and others.
Asia-Pacific Will Witness The Highest Growth CAGR Growth In The Region
Countries that produce the most e-waste often find it compelling to export a majority to the region of Asia-Pacific. Furthermore, factors such as a vast number of industry experts and immense technical knowledge have further pushed the market of e-waste recycling and reuse services market in the region to a formidable growth. Additionally, the implementation of several government policies regarding proper disposal means for e-waste and a readily available workforce propels the growth of the market. Europe will account for the second-largest growth during the forecast period. The European Union has undertaken certain steps and implemented policies that award better-managed e-waste plants. Moreover, Europe has been witnessing growth in the IT sector, along with e-waste produces in healthcare, agriculture, and many others.
Report Scope
Report Attribute |
Details |
Market Size in 2020/td> |
USD 1,400 Million |
Projected Market Size in 2026 |
USD 2,100 Million |
CAGR Growth Rate |
7% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
reuse service market are Aurubis AG, Boliden AB, MBA Polymers, Inc., Stena Technoworld AB, Enviro-Hb Holdings Ltd., Sim Recycling Ltd., Umicore S.A., Waste Management, Inc., and Electronic Recyclers International, Inc., and Others |
Key Segment |
By Material, Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Top Market Reports
Some of the major players in the global e-waste recycling and reuse services market are Aurubis AG, Boliden AB, MBA Polymers, Inc., Stena Technoworld AB, Enviro-Hb Holdings Ltd., and Sim Recycling Ltd., among others.
The global e-waste recycling and reuse services market can be segmented as follows:
Global E-Waste Recycling and Reuse Services Market: By Material Type Segment Analysis
- Metals
- Plastics
- Glass
- Others
Global E-Waste Recycling and Reuse Services Market: By Industry Verticals Segment Analysis
- Industrial and Commercial Electronics
- Consumer Electronics
- Household & Handheld
- IT Accessories & Equipment
- Others
Global E-Waste Recycling and Reuse Services Market: By Regional Segment Analysis
- North America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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