TMR Foresees Notable Surge in E-Scrap Recycling Market Over Next Decade

SEATTLE (Scrap Monster): The most recent research report published by Transparency Market Research (TMR) foresees CAGR growth of 7.6% to the global e-scrap recycling market over the period from 2022 to 2031. By the end of next decade, the market will be worth $7.3 billion, the report noted.

TMR noted that consumer demand for electronic goods such as freezers, refrigerators, dishwashers, and washing machines has been on the rise during recent years. This will result in a need for recycling of huge white goods, which in turn will drive the global e-scrap recycling market.

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The increased spending on research and development (R&D) by top e-waste management companies towards development of latest recycling technologies and advanced recycling facilities will help further growth of e-scrap recycling market. The mergers and acquisitions among major market players will contribute to overall expansion of the global e-scrap recycling market, TMR research said.

The e-scrap recycling markets in North America, Europe and several countries within Asia are predicted to witness sizable growth.

The stringent regulations in connection with e-waste disposal will create more avenues for revenue generation in the market, the report noted.