Electronic Waste Recycling Market Size to Hit USD 80.29 Billion by 2032

SEATTLE (Scrap Monster): According to the SNS Insider,“The Electronic Waste Recycling Market size was worth USD 48.41 Billion in 2024 and is projected to reach USD 80.29 Billion by 2032, growing at a CAGR of 6.53% over 2025-2032.”

Community-Led Recycling Programs to Propel Market Expansion

The growth of the Electronic Waste Recycling market has been significantly propelled by the increasing involvement of local governments in leading recycling and education initiatives. These government officials play a crucial role in advancing safe disposal practices for e-waste by establishing community programs that offer specialized recycling services. These services not only cover electronic devices but also extend to other household items such as furniture and paint. Alongside providing these convenient recycling options, local governments actively promote public awareness by sharing valuable information aimed at educating communities on the importance and methods of proper waste disposal. Their efforts have been instrumental in raising community awareness, enhancing the rates at which waste is collected, and increasing the overall volume of materials being recycled.

Key Industry Segmentation

By Material

In 2024, the Metals segment accounted for approximately 45% of the Electronic Waste Recycling share due to the high recovery value of materials such as gold, copper, aluminum, and palladium found in discarded electronics.

The Plastics segment is expected to experience fastest growth with a CAGR of 9.29% due to increasing volumes of plastic materials in electronic devices and rising environmental concerns.

By Source

In 2024, the Household Appliances segment accounted for approximately 45% of the Electronic Waste Recycling share, driven by the large volume of discarded items such as refrigerators, washing machines, and microwaves. 

The It & Telecommunication segment is expected to experience the fastest growth in Electronic Waste Recycling over 2025-2032 with a CAGR of 9.79% owing to the rapid turnover of electronic devices, such as smartphones, laptops, and network equipment, alongside increasing digitalization. 

By Technology

In 2024, the Pyrometallurgical Process segment accounted for approximately 45% of the Electronic Waste Recycling share, due to its efficiency in recovering precious metals such as gold, copper, and palladium from complex e-waste.

The Lithium Battery Recycling segment is expected to experience the fastest growth in Electronic Waste Recycling over 2025-2032 with a CAGR of 11.17% driven by increasing adoption of lithium-ion batteries in electronics, electric vehicles and energy storage systems. 

By End-Use Industry

In 2024, the Automotive segment accounted for approximately 31% of the Electronic Waste Recycling share, due to a growing amount of electronics being added to modern cars. 

The Industrial Equipment segment is expected to experience the fastest growth in Electronic Waste Recycling over 2025-2032 with a CAGR of 8.53% driven by rapid industrial automation, enhanced equipment digitization and need for proper disposal of old machinery.

North America Led the Market Owing to a Well-established Recycling Infrastructure

In 2024, North America dominated the Electronic Waste Recycling Market and accounted for 44% of revenue share, which is mainly due to well-established recycling infrastructure, stringent environmental regulation, and consumer awareness for the proper disposal of e-waste.

Asia Pacific is expected to witness the fastest growth in the Electronic Waste Recycling Market over 2025-2032, with a projected CAGR of 8.19% driven by rapid urbanization, rising electronic consumption, and increasing regulatory focus on sustainable waste management.

 Courtesy: www.globenewswire.com