Global Electronic Recycling Market Size, Share, Development, Growth and Demand Forecast to 2023 By P&S Market Research

The rapid technological advancement and the increase in user interference capacity of electronic products, has been encouraging consumers to purchase the latest electronic gadgets. This has upraised a huge number of discarded electronic products, or electronic waste (e-waste) globally in the recent years. About two million tons of electronic waste is disposed every year in the U.S. Also, it is estimated that only 10% of the total e-waste in the country is being recycled, which is posing serious threat to the environment.
Electronic waste has been emerging as one of the major threats for the ecosystem, as e-waste contaminates air, soil, and water. E-waste contains highly toxic materials, including mercury, lead, cadmium, arsenic, and other toxic substances.
Based on the type of material processed in electronics recycling, the global electronic recycling market can be broadly classified as steel, copper, plastic resin, and others (including glass, silver, zinc, aluminum). Based on the various recycling methods, the electronic recycling market can be segmented as glass recycler, metal recycler, plastic recycler, and printed circuit board recycler. The different level of value chain addition in the electronic waste treatment market includes e-waste sources, collection process, waste recycling, and sale of recovered material.
Based on the type of electronic equipment processed, the global electronic recycling market can be broadly bifurcated, as computers, industrial, telecom, consumer electronics, and others.
Rising affordability to consumer electronics products, shorten product life cycle of electronics products, the growing concern of people towards hazardous effect of electronic waste, favorable government, and industry certification in e-waste management are the major drivers for the electronic recycling market.
The major competitors in the global electronic recycling market include Aurubis AG, SIMS Metal Management, Ltd., Boliden AB, Stena Metall AB, Global Electric Electronic Processing Inc., Electronic Recyclers International, Inc., Umicore S.A., MBA Polymers, Inc., Enviro-Hub Holdings Ltd., Eco-Tech Environmental Services, Inc., Tetronics International Ltd., American Retroworks, Inc., Dlubak Glass Company, MBA Polymers, Inc., Universal Recyclers Technologies, A2Z Group, and CRT Recycling, Inc.
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