E-Waste Recycling and Reuse Service Market Size, Share, Growth, And Industry Analysis, By Type (IT and Telecom Networking Equipment, Mobile Devices (Smartphones, PDAs, etc.), Household Appliances and Others), By Application (Industrial and Commercial Electronics and Consumer Electronics), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

E-Waste Recycling and Reuse Service Market Report Overview

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global e-waste recycling and reuse service market size was USD 17260 million in 2022 and market is projected to touch 33729.5 Million by 2031, exhibiting a CAGR of 7.7% during the forecast period.

Initiatives aimed to handle electronic trash, or e-waste, ethically include e-waste recycling and reuse services. E-waste is the term used to describe abandoned electronic equipment such computers, laptops, smartphones, televisions, and other devices.

E-waste recycling and reuse services aim to stop incorrect disposal of electronic trash, which can result in pollution of the environment and health risks. With the help of these services, valuable resources can be recovered from e-waste, environmental damage is reduced, and sustainable electronic device use is encouraged.

COVID-19 Impact: Pandemic Hamper the Demand of e-Waste Recycling and Reuse Service to Market Growth

The COVID-19 pandemic has had a significant impact on various sectors, including e-waste recycling and reuse services. Disruption of Collection and Recycling Processes: During the pandemic, many e-waste collection centers and recycling facilities faced temporary closures or reduced operations due to lockdowns, social distancing measures, and staffing challenges. This led to a decrease in the collection and processing of e-waste. Increase in E-Waste Generation: With more people working and studying from home during the pandemic, there has been a surge in the use of electronic devices. This increased e-waste generation, including discarded laptops, tablets, and other electronic equipment, further burdened recycling services. 

Latest Trends

"Extended Producer Responsibility (EPR) Programs Will Uplift Market Growth   "

Governments and regulatory bodies worldwide are increasingly implementing Extended Producer Responsibility programs for electronics. These programs hold manufacturers responsible for the entire lifecycle of their products, including proper disposal and recycling. EPR incentivizes manufacturers to design products with easier repairability, modular components, and efficient recycling in mind, fostering a more circular approach to electronic devices. 

E-Waste Recycling and Reuse Service Market Segmentation

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• By Type Analysis

According to type, the e-waste recycling and reuse service market can be segmented into IT and telecom networking equipment, mobile devices (Smartphones, PDAs, etc.), household appliances and others.

In terms of type, IT and telecom networking equipment are anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the e-waste recycling and reuse service market can be divided into industrial and commercial electronics and consumer electronics.

In terms of application, the consumer electronics market is projected to hold an e-waste recycling and reuse service market share through 2031.  

Driving Factors

"Increasing Volume of E-Waste Will Propel Market Growth "

The proliferation of electronic devices and rapid technological advancements have led to a surge in the volume of e-waste generated globally. The growing number of smartphones, laptops, and other electronic devices reaching the end of their life cycles has created a pressing need for effective e-waste recycling and reuse services to handle the mounting waste stream.

"Environmental Concerns and Sustainability Will Increase Market Growth  "

Growing environmental concerns and awareness of the ecological impact of improper e-waste disposal have propelled the demand for recycling and reuse services. Consumers, businesses, and governments are recognizing the need to conserve resources, reduce pollution, and minimize the carbon footprint associated with electronics production. E-waste recycling and reuse services provide a sustainable solution by recovering valuable materials and reducing the need for raw material extraction.

Restraining Factors

"Lack of Awareness and Education Will Hinder Market Growth "

One of the primary challenges is the limited awareness and education among individuals, businesses, and organizations about the importance of proper e-waste disposal and the availability of recycling and reuse services. Many people still lack knowledge about the environmental and health hazards associated with e-waste and may dispose of their electronic devices through incorrect methods, such as regular waste disposal or informal channels.

E-Waste Recycling and Reuse Service Market Regional Insights

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"The North America Region Will Dominate Market Due to Strong Demand of Advanced Recycling Facilities "

North America has well-established e-waste recycling and reuse services, with comprehensive legislation and extended producer responsibility programs in place. The region boasts advanced recycling facilities and a strong emphasis on proper e-waste management. Consumer awareness and participation in recycling initiatives are relatively high, supported by convenient drop-off points and collection events. The circular economy approach, resource recovery, and responsible disposal practices are key priorities in the region.

Europe has been at the forefront of e-waste recycling and reuse efforts, with robust regulations and policies. The European Union's Waste Electrical and Electronic Equipment (WEEE) Directive sets stringent standards for e-waste management, including recycling targets and producer responsibility requirements. Europe has a well-developed infrastructure for collection, processing, and recycling, with numerous recycling facilities and initiatives. Circular economy principles, eco-design, and the reduction of hazardous substances are central to European e-waste strategies.

Key Industry Players

"Adoption Recycling Services by Key Players Influencing Market Development"

The top key players in the liposuction surgical procedures market are Sims Recycling Solutions, Eletronic Recyclers International, Kuusakoski, Umicore, Waste Management, Gem, Stena Metall Group. Most of the top players hold the e-waste recycling and reuse service market share. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the e-waste recycling and reuse service market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the e-waste recycling and reuse service market.  

List of Market Players Profiled

•  Sims Recycling Solutions (U.S.)
• Eletronic Recyclers International (U.S.)
• Kuusakoski (Finland)
• Umicore (Belgium)
• Waste Management (U.S.)
• Gem (Dubai)
• Stena Metall Group (Canada)
• GEEP (Canada)
• Electrocycling (France)
• Cimelia (Singapore)
• Veolia (France)
• Enviro-Hub Holdings (Singapore)
• E-Parisaraa (India)
• Environcom (UK.)
• GLE Scrap Metal (U.S.)

Report Coverage

This report examines an understanding of the e-waste recycling and reuse service market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.