Global E-Waste Recycling Market to Surpass $94 Billion by 2032

SEATTLE (Scrap Monster): The global electronic waste recycling market has experienced significant growth in recent years and is expected to witness rapid expansion over the forthcoming decade. This is according to a recent report published by Market Research Future.

The paper estimates that the size of the global market for recycling electronic trash was $30.4 billion in 2023. By 2032, the market is expected to reach $94.2 billion. This translates into an impressive 13.40% compound annual growth rate (CAGR) throughout the 2024–2032 projected period.

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The generation of e-waste has increased at an unprecedented rate due to the quick adoption of consumer electronics, particularly smartphones, laptops, and household appliances. Investment in environmentally friendly electronics recycling methods has increased as a result of the stringent laws put in place by different countries worldwide, including Extended Producer Responsibility (EPR). Global electronics recycling has been fueled by cutting-edge recycling technology and growing awareness of sustainable waste management.

Asia-Pacific is thought to be the fastest-growing region in the world, mostly due to increased e-waste quantities, fast urbanization, and strict regulations put in place by nations like China, India, and Japan.