E-Waste Recycling and Reuse Services Industry Overview 2025: Growth Projections and Market Trends
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What Is The Future Market Size Estimation For The E-Waste Recycling and Reuse Services Market Covering 2025–2034?
The e-waste recycling and reuse services market size has observed rapid expansion in recent years. It is anticipated to expand from $1.8 billion in 2024 to $1.98 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.0%. The growth witnessed historically is primarily due to rising consumer electronics ownership, the introduction of government regulations, increasing environmental awareness, various corporate sustainability initiatives, and the process of precious metal recovery.
The e-waste recycling and reuse services market size is anticipated to experience robust expansion over the coming years. By 2029, this market is projected to reach $2.83 billion, demonstrating a compound annual growth rate (CAGR) of 9.3%. Several factors are contributing to this growth during the projection period, including circular economy initiatives, extended producer responsibility, the adoption of 5g technology, e-waste originating from electric vehicles, global e-waste management standards, and the recycling of smart devices. Key trends expected within this forecast timeframe encompass innovations in recycling technologies, collaborations between the public and private sectors, swift technological progress, programs for consumer education, refurbishment practices, and ensuring data security for e-waste.
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What Are The Emerging Market Drivers Creating New Opportunities In The E-Waste Recycling and Reuse Services Industry?
The growing volume of E-waste generation is anticipated to fuel the expansion of the e-waste recycling and reuse services market moving forward. E-waste, or electronic waste, refers to any electrical and electronic equipment (EEE) and its components that an owner discards with no intention of further use. These services offer accessible and responsible pathways for disposing of electronic devices, thereby encouraging individuals and businesses to recycle their old or obsolete electronics instead of discarding them in landfills. For example, according to the Global Transboundary E-waste Flows Monitor 2022 report, published in 2022 by the United Nations Institute for Training and Research (UNITAR), a Switzerland-based agency of the United Nations, the amount of global E-waste generated is expected to exceed 74 metric tons by 2030, representing 9.0 KG of e-waste generation per capita, with projections indicating it could reach as much as 110 metric tons by 2050. Therefore, the increase in E-waste generation will be a driving force for the e-waste recycling and reuse services market.
What Are The Major Segments Identified In The E-Waste Recycling and Reuse Services Market?
The e-waste recycling and reuse services market covered in this report is segmented –
1) By Source Type: Household Appliances, Consumer Electronics, Industrial Electronics
2) By Material: Metal, Plastic, Glass, Other Materials
3) By Application: Trashed, Recycled
Subsegments:
1) By Household Appliances: Major Appliances, Small Appliances, Air Conditioners And Heaters
2) By Consumer Electronics: Mobile Phones And Tablets, Laptops And Computers, Televisions And Monitors, Gaming Consoles, Audio Equipment
3) By Industrial Electronics: Communication Equipment, Industrial Machinery And Equipment, Medical Devices, Automation And Control Systems, Electrical Components And Circuit Boards
What Trends Are Redefining The E-Waste Recycling and Reuse Services Market Dynamics?
Technological advancements represent a significant trend growing in popularity within the E-waste recycling and reuse services market. Major companies operating in the E-waste recycling and reuse services market are prioritizing the creation of advanced solutions to solidify their market presence. As an illustration, in August 2022, the REMADE Institute, a US-based public-private collaboration formed by the Department of Energy for economic development, revealed a new technology license featuring a technical breakthrough. This innovation is capable of recovering precious metals from discarded electronics more efficiently and cost-effectively. The benefits of this process, specifically the low-concentration metal recovery from complex streams using gas-assisted microflow solvent extraction (GAME), make it more economical to reclaim precious metals and allow manufacturers to repurpose them from various electronic wastes slated for disposal.
Which Leading Companies Dominate The E-Waste Recycling and Reuse Services Market Share?
Major companies operating in the E-waste recycling and reuse services market include Dell Technologies Inc., International Business Machines Corporation, Veolia Environnement S.A., Hewlett-Packard Enterprise Company, Aurubis AG, Waste Management Inc., Boliden AB, Sembcorp Industries Ltd., Umicore N.V., Sims Lifecycle Services Inc., GEEP (Global Electric Electronic Processing) Inc., Enviro-Hub Holdings Ltd., Electronic Recyclers International Inc., MRI technologies, Raw Materials Company Inc., Stena Technoworld AB, Dataserv Inc., Call2Recycle Inc., GreenTek Solutions LLC, MBA Polymers Inc., AER Worldwide, Tetronics Ltd., Arrow Scrap Corp., GreenChip Inc., Eco Recycling Ltd., TES Co. Ltd., Maven Technologies LLC, Ecotech Services Limited, E-Waste Express
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What Regional Growth Trends Are Shaping The E-Waste Recycling and Reuse Services Market Outlook?
Asia-Pacific was the largest region in the E-waste recycling and reuse services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the E-waste recycling and reuse services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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