Electronic Waste Recycling Market to Surpass USD 99.67 Billion by 2030

SEATTLE (Scrap Monster): The latest market research report published by Market Research Future suggests that global electronic waste recycling market is projected to record a CAGR growth of 16.2% during the forecast period from 2020 to 2030. The market, which was valued at USD 17.0 billion in 2020, is projected to touch USD 99.67 billion by the end of the current decade.

The electronic waste recycling market has been growing at a significant pace during recent years and is expected to continue its growth in the forthcoming years. The growing demand for electronic devices and the robust rate at which these devices become obsolete has resulted in tremendous jump in electronic waste volumes.

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The report cites Sims Recycling Solutions, Electronic Recyclers International Inc., Umicore SA, CRT Recycling Inc. and Waste Management Inc. as the key market players.

According to the report, the North American region is projected to have a significant share of the electronic waste recycling market due to the presence of major electronic waste recycling companies and the rising demand for recycled electronics. Europe too is expected to have a major share of the market due to the implementation of strict regulations on electronic waste disposal.

However, the Asia-Pacific region will emerge as the fastest-growing region in the electronic waste recycling market, mainly driven by countries such as China, India and Japan.