World Electronics Recycling Market to Touch $65.8 Billion by 2026

SEATTLE (Scrap Monster): The global electronics recycling market is projected to reach $65.8 billion by 2026, says a new market study published by the leading market research firm Global Industry Analysts Inc. The report covers a total of 177 companies across major geographies and key segments.

The report titled “Electronics Recycling- Global Market Trajectory & Analysis” states that e-waste volumes have been rising at an alarming pace during recent years, due to unprecedented global consumption of electrical and electronic equipment. Consequently, the e-waste recycling industry is expected to gain significantly, mainly due to rising environmental concerns and the need for precious metals recovered from electronic waste, it said.

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The global electronics recycling market, estimated at $39.7 billion during the current year, is projected to grow at a CAGR of 12.7% until 2026. Also, the metals segment is anticipated to grow at 13.3% CAGR to reach $53.6 billion by the end of the analysis period. The plastics segment, which currently accounts for nearly 25% share of the global electronics recycling market is likely to witness 11.5% CAGR.

The electronics recycling market in the U.S. is estimated at $8 billion in 2022. Meantime, China is forecast to reach an estimated market size of $15.3 billion by 2026.