According to a new report published by Allied Market Research, titled, “E Scrap Recycling Market,” by Product Type, by Processed Materials : Global Opportunity Analysis and Industry Forecast, 2023-2032
The e scrap recycling market was valued at $25.91 billion in 2022, and is estimated to reach $96.7 billion by 2032, growing at a CAGR of 14.2% from 2023 to 2032.
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E scrap, or electronic scrap, is a term used to describe discarded electronic devices that are broken, obsolete, or surplus. Such devices often contain toxic chemicals and hazardous materials that can pose significant risks to the environment and human health when not disposed of properly. E scrap recycling is the process of recovering and reusing materials from electronic waste to create new electronic products, thereby reducing the need for virgin materials and minimizing the environmental impact of disposal.
Increasing awareness among users of electronic products regarding the environmental impact of landfills and the hazardous effects of e scrap, along with strict government regulations to prevent improper disposal, have made e scrap one of the fastest-growing recycling sectors. E scrap recycling companies are currently concentrating on research and development to establish new recycling facilities and technologies, as well as cover unexplored areas following the COVID-19 pandemic’s impact.
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Country-wise, the China region holds a significant e scrap recycling market size in the global e scrap recycling market analysis., due to its vast population, rapid growth of the electronics industry, and well-established recycling industry.
The e scrap recycling market overview provides a comprehensive analysis of the global electronic waste recycling industry, including key players, market segmentation, and growth drivers. The electronic scrap recycling market includes a wide range of participants, including recycling companies, waste management companies, electronic device manufacturers, and other stakeholders. Recycling companies typically collect e-waste and process it to recover valuable materials such as gold, copper, and other metals, which can be reused in the production of new electronic devices. Waste management companies may also be involved in the collection and processing of e-waste, as well as the disposal of hazardous materials.
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Key Benefits:
- This study comprises analytical depiction of the e scrap recycling market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall e scrap recycling market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The e scrap recycling market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the e scrap recycling industry.
- The report includes the share of key vendors and market trends.
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