Electronic Waste Recycling Market Scope
Electronic Waste is electronic product which are not working, unwanted and they are at the end of their working life. There are different type of electronic wastes such as Plastic, Metal, Glass, Chemical, etc. these come from vary sources such as house, corporate sectors, industries and many more. Electronic waste are harmful due to presence of toxic chemicals which shows effect on human health and environment also. Many important metals can be recover from electronic waste.
|Unit||Value (USD Million)|
|Key Companies Profiled||Umicore (Europe), Enviro-Hub Holdings Limited (Switzerland), Tetronics Environmental waste treatment Company (United Kingdom), ERI (United States), Sims Limited (United States), Boliden Group (Sweden), Veolia (France), MRI Technologies (United States), WM Intellectual Property Holding LLC (United States) and Sembcrop Industries (Singapore)|
Electronic Waste Recycling market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Umicore (Europe), Enviro-Hub Holdings Limited (Switzerland), Tetronics Environmental waste treatment Company (United Kingdom), ERI (United States), Sims Limited (United States), Boliden Group (Sweden), Veolia (France), MRI Technologies (United States), WM Intellectual Property Holding LLC (United States) and Sembcrop Industries (Singapore) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Electronic Waste Recycling market by Type , by Application (Reuse, Landfill, Recycle and Disposal) and Region with country level break-up.
On the basis of geography, the market of Electronic Waste Recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn June 2022, Stena Recycling Finland signed agreement with Encore Environmental Services. By this agreement Stena acquired 100% of the shares in Encore Environmental Services. This acquisition help Stena to expand business in recycling sector.
In February 2022, Umicore lunched a battery recycling solution, a new business unit. This capitalized fast expanding sector. With 150,000-tonne battery recycling plant Umicore strengthened its presence in Europe region.
Influencing Trend:Increasing popularity of zero waste in electronic industry and Rising demand of cyber security to enhance hardware destruction techniques
Market Growth Drivers:ncreasing concern related to effect of E-waste on air pollution, human health, and even accelerates global warming., Increasing demand of advanced electronic product in market, Rise in electric consumption, Increasing demand for raw materials recovered from recycled waste. and Increasing demand for efficient scrap management techniques
Challenges:Lack of awareness in industries of E- Waste recycle
Restraints:It is pricey to recycle particular types of e-waste and recover materials like metals.
Opportunities:Rising demand of robots for disassemble of electronics instead of shredding. and Increasing use of artificial intelligence for the identification of waste
Key Target AudienceElectronic Waste Recycling companies, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries