Global WEEE Recycling Market Size study & Forecast, by Type (Electronic Equipment and Electrical Equipment), by Applications (Environmental Protection, Metal Smelting, Chemical Extraction, and Energy Power), and by End User (Residential, Industrial, and C

Global WEEE Recycling Market Size study & Forecast, by Type (Electronic Equipment and Electrical Equipment), by Applications (Environmental Protection, Metal Smelting, Chemical Extraction, and Energy Power), and by End User (Residential, Industrial, and Commercial) and Regional Analysis, 2022-2029

Global WEEE Recycling Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. WEEE recycling refers to recycling of waste of electrical and electronic equipment. WEEE recycling is widely utilized for proper recycling of E waste to eliminate its probable environmental impacts. It is also used in extraction of valuable recyclable products such as metals, plastics, others from E waste. The increasing volume of electronic waste generation worldwide and growing awareness towards proper recycling of E-waste as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista – during 2019, the volume of electronic waste generated worldwide was estimated at 54 million metric tons, and as per projections by 2030 this number would grow to 74.7 million metric tons. Moreover, according to International Telecommunication Union (ITU)’s - The Global E-waste Monitor 2020 report - In 2019, around 53.6 million metric tons (Mt) of e waste generated worldwide, and only 17.4% of this was officially documented as properly collected and recycled waste. Also, favorable initiatives from government authorities and growing number of R&D activities towards E-waste recycling would create lucrative growth prospectus for the market over the forecast period. However, high cost associated with WEEE recycling and lack of penetration in developing regions impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global WEEE Recycling Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of revenue owing to presence of leading market players and favorable initiatives from government authorities to ensure proper recycling of e waste in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration of leading market players as well as growing awareness towards WEEE recycling in the region.

Major market player included in this report are:
ALBA Group plc and Co. KG
Aurubis
Boliden AB
Close the Loop Ltd
Coolrec B.V.
Ecoreset
Appliances Recycling S.A.
Environnement Recycling
E-Reciklaza
Galloo N.V.

Recent Developments in the Market:
In August 2020, Kolkata based e-waste Management Company Hulladek Recycling entered in a collaboration with Agartala based Green Partner for commencement of e-waste management services in Tripura. The partnership would strengthen proper e-waste management solutions in the North-East region.

In January 2022, e-waste recycling solutions provider Prometheus announced commissioning of a new e-waste recycling plant in Madhya Pradesh, India. Prometheus directly procures e-waste from leading companies across India through contractual procurement and also from different institutes, organizations, and SMEs in Business-to-business model.

Global WEEE Recycling Market Report Scope:
Historical DataCompanies Mentioned

ALBA Group plc and Co. KG
Aurubis
Boliden AB
Close the Loop Ltd
Coolrec B.V.
Ecoreset
Appliances Recycling S.A.
Environnement Recycling
E-Reciklaza
Galloo N.V.

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