The Global E-scrap Recycling Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The Global E-Scarp Recycling Market was worth 50 million metric tons in 2019 and is expected to witness a CAGR of 3.1% through 2030. Prompt urbanization stimulated by industrialization has accelerated the acceptance of bettered technologies across a wide range of automatic processes worldwide. Electronic devices have become an intrinsic piece of user and machine applications, traceable to the simplicity of performance offered by these products. Augmented investment of funds in improvement of advanced electronic items has guided the aggravated competition in designing, improvement and putting together of cost-efficient electronic devices. This has rendered the consumers with a wide range of electronic devices to pick out from in order to meet personal requirements. Additionally, altered spendable hard cash and improvement in income has led towards the development of electronic devices per capita across important developing nations of the world. With uninterrupted technological evolution in electronic devices and acceptance of forward-looking or next generation devices, the e-waste or e-scrap has amounted essentially. This has stimulated the evolution of e-scrap recycling industry to tackle the ascending environment concerns and expeditiously supervise the emerging electronic waste. Maturation of IoT and consolidation of technology intelligences to existent devices is anticipated to yield high volume of e-scrap in coming years, contributing to fueling the development of the worldwide e-scrap recycling market.
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High penetration of plastic in electronic devices and increasing e-waste to drive the growth of plastic e-scrap recycling
The global e-scrap recycling market is segmented based on material, source, and geography. Based on material, the global e-scrap recycling market is segmented into metal, plastic, glass, others. The metal segment is further sub-segmented into copper, steel, aluminum, and others. The metal e-scrap segment held the largest share of the worldwide e-scrap recycling market in 2020 attributable to presence of metals across larger part electronic devices like PCBs, cell phones with the latest Artificial Intelligent features, metal soldering machines, etc. The plastic e-scrap reprocessing is anticipated to witness critical development during the forecast resulting from high ingress of plastic across a wide range of consumer and industrial electronic devices.
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Increasing quantum of electronic device waste from consumer sectors to drive the growth of e-scrap recycling market
Based on source, the global e-scrap recycling market is segmented into industrial electronics, consumer electronics, and others. The industrial electronics segment is sub-segmented into IT & telecommunication equipment (datacenters, networking cards/equipment, digital boards, others), medical equipment (monitoring and control equipment, and others), and others. Similarly, the consumer electronics segment in sub-segmented into home appliances (refrigerator, television, and others), portable electronic devices (smartphones, tablets, wearables, and others), IT accessories & equipment (keyboards, USD memory sticks,laptops, netbooks, and others), PCBs and others. The consumer electronic segment contributed the largest share to the worldwide e-scrap recycling market attributable to increased number of electronic wastes generated from consumer segment across the globe. Modern industrial electronic segment is anticipated to evolve significantly during the forecast period resulting from rising acceptance of betterment of monitoring and recording devices and activity control devices as an alternate to cohort devices.
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Based on geography, the global e-scrap recycling market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific contributed a ruling share to the worldwide e-scrap recycling market in 2020 and is forecasted to be a ruling geography during the forecast period. Augmented throwaway trends seen lately, maturation of electronic device making across Asia countries, and ascending import of e-waste artifact between significant countries across the globe for reprocessing are the key factors controlling the expansion of the Asia Pacific e-scrap recycling market. North America was seen contributing a large share to the worldwide e-scrap recycling market and is anticipated to acquire at a steady rate during the forecast period.
Major players active in the global e-scrap recyclingmarket include Desco Electronic Recyclers, Electronic Recyclers International, Inc., Electronic Waste Management, Enviro-Hub Holdings Ltd., E-waste Harvesters, Inc., E-waste Systems, Inc., MRI (Australia) Pty Ltd., Sims Recycling Ltd., Tetronics (International) Limited, Umicore S.A., and Waste Management, Inc.
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