
Global WEEE Recycling Market Report and Forecast 2024-2032
Description
Global WEEE Recycling Market Report and Forecast 2024-2032
Global WEEE Recycling Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global WEEE recycling market size reached a value of USD 4.37 billion in 2023. Aided by the heightened global awareness around environmental sustainability and stringent regulations on electronic waste, the market is projected to further grow at a CAGR of 8.6% between 2024 and 2032 to reach a value of USD 9.26 billion by 2032.
WEEE recycling encompasses the process of reclaiming and reusing valuable materials from discarded electronic devices and appliances. As the proliferation of electronics continues to escalate, driven by technological advancements and increasing consumer demand, the generation of e-waste has become a significant environmental concern. This has catalysed the growth of the recycling sector, which plays a crucial role in mitigating the impact of hazardous waste on the environment.
The primary driver for the WEEE recycling market growth is the escalating volume of electronic waste globally. With rapid advancements in technology, electronic devices become obsolete at an accelerated pace, leading to an increase in e-waste generation. This scenario necessitates effective recycling technologies to manage and process the burgeoning e-waste.
Environmental regulations and compliance standards are also pivotal in propelling the WEEE recycling market expansion. Governments worldwide are implementing stringent laws to ensure proper e-waste management, which includes mandatory recycling and bans on landfill disposals of electronic waste. Such regulations not only help in reducing environmental degradation but also promote the recovery of precious metals and other valuable materials from electronic waste.
Consumer awareness and corporate responsibility further fuel the demand for WEEE recycling services. As per the WEEE recycling market analysis, as awareness regarding the environmental impact of e-waste grows, consumers and organisations are increasingly opting for sustainable practices, including the responsible disposal and recycling of electronics.
Technological innovations in recycling processes have significantly enhanced the efficiency and effectiveness of WEEE recycling. Advanced sorting technologies, such as infrared scanning and X-ray fluorescence, have improved the accuracy in separating different materials, thereby increasing the yield of recoverable materials. As per the WEEE recycling market outlook, developments in mechanical and chemical treatment methods have enabled more thorough recovery of precious metals and rare earth elements, which are critical components in many electronic devices.
The market has also seen a rise in the adoption of robotic automation and artificial intelligence (AI) in recycling operations. These technologies not only streamline the recycling process but also reduce labour costs and enhance safety by handling hazardous components of e-waste more effectively, which boosts the WEEE recycling market share.
The Asia-Pacific region currently leads the global market, driven by high e-waste generation rates and robust manufacturing sectors in countries like China and India. Europe follows closely, supported by stringent EU regulations on e-waste recycling. North America, with its advanced technological infrastructure and regulatory frameworks, also holds a significant share of the market.
There is a growing shift towards decentralized recycling models, where small-scale, localised facilities are set up to manage e-waste more efficiently. These models help in reducing the transportation costs and environmental impact associated with central large-scale processing plants. They also encourage community participation in recycling initiatives.
Manufacturers in the WEEE recycling market are increasingly focusing on the eco-design of electronic products, which involves designing products with their end-of-life disposal in mind. This includes using fewer hazardous materials and designing for easier disassembly, which significantly enhances the efficiency of the recycling process.
As the global economy continues to digitalise and the lifespans of electronic devices shorten, the importance of effective WEEE recycling becomes increasingly paramount. The market is set to expand significantly, driven by regulatory pressures, technological advancements, and growing environmental consciousness among consumers and businesses alike.
Market Segmentation
The market can be divided based on type, source, application, and region.
Market Breakup by Type
- Electrical Equipment
- Electronic Equipment
- Household Appliances
- IT and Telecom
- Solar PV
- Consumer Equipment
- Others
- Energy and Power
- Metal Smelting
- Chemical Extraction
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global WEE recycling market. Some of the major players explored in the report by Expert Market Research are as follows:
- SUEZ SA
- Sims Lifecycle Services
- Electronic Recyclers International, Inc.
- Enviro Hub Holdings Pte Ltd.
- Waste Management Holdings, Inc.
- Stena Metall AB
- MRI e-cycle Solutions
- Umicore, NV/SA
- SUNY Group
- Quantum Lifecycle Partners LP
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
193 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Opportunities and Challenges in the Market
- 8 Global WEEE Recycling Market Analysis
- 8.1 Key Industry Highlights
- 8.2 Global WEEE Recycling Historical Market (2018-2023)
- 8.3 Global WEEE Recycling Market Forecast (2024-2032)
- 8.4 Global WEEE Recycling Market by Type
- 8.4.1 Electrical Equipment
- 8.4.1.1 Historical Trend (2018-2023)
- 8.4.1.2 Forecast Trend (2024-2032)
- 8.4.2 Electronic Equipment
- 8.4.2.1 Historical Trend (2018-2023)
- 8.4.2.2 Forecast Trend (2024-2032)
- 8.5 Global WEEE Recycling Market by Source
- 8.5.1 Household Appliances
- 8.5.1.1 Historical Trend (2018-2023)
- 8.5.1.2 Forecast Trend (2024-2032)
- 8.5.2 IT and Telecom
- 8.5.2.1 Historical Trend (2018-2023)
- 8.5.2.2 Forecast Trend (2024-2032)
- 8.5.3 Solar PV
- 8.5.3.1 Historical Trend (2018-2023)
- 8.5.3.2 Forecast Trend (2024-2032)
- 8.5.4 Consumer Equipment
- 8.5.4.1 Historical Trend (2018-2023)
- 8.5.4.2 Forecast Trend (2024-2032)
- 8.5.5 Others
- 8.6 Global WEEE Recycling Market by Application
- 8.6.1 Energy and Power
- 8.6.1.1 Historical Trend (2018-2023)
- 8.6.1.2 Forecast Trend (2024-2032)
- 8.6.2 Metal Smelting
- 8.6.2.1 Historical Trend (2018-2023)
- 8.6.2.2 Forecast Trend (2024-2032)
- 8.6.3 Chemical Extraction
- 8.6.3.1 Historical Trend (2018-2023)
- 8.6.3.2 Forecast Trend (2024-2032)
- 8.6.4 Others
- 8.7 Global WEEE Recycling Market by Region
- 8.7.1 North America
- 8.7.1.1 Historical Trend (2018-2023)
- 8.7.1.2 Forecast Trend (2024-2032)
- 8.7.2 Europe
- 8.7.2.1 Historical Trend (2018-2023)
- 8.7.2.2 Forecast Trend (2024-2032)
- 8.7.3 Asia Pacific
- 8.7.3.1 Historical Trend (2018-2023)
- 8.7.3.2 Forecast Trend (2024-2032)
- 8.7.4 Latin America
- 8.7.4.1 Historical Trend (2018-2023)
- 8.7.4.2 Forecast Trend (2024-2032)
- 8.7.5 Middle East and Africa
- 8.7.5.1 Historical Trend (2018-2023)
- 8.7.5.2 Forecast Trend (2024-2032)
- 9 North America WEEE Recycling Market Analysis
- 9.1 United States of America
- 9.1.1 Historical Trend (2018-2023)
- 9.1.2 Forecast Trend (2024-2032)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2023)
- 9.2.2 Forecast Trend (2024-2032)
- 10 Europe WEEE Recycling Market Analysis
- 10.1 United Kingdom
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Germany
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 France
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 10.5 Others
- 11 Asia Pacific WEEE Recycling Market Analysis
- 11.1 China
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Japan
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 India
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 11.4 ASEAN
- 11.4.1 Historical Trend (2018-2023)
- 11.4.2 Forecast Trend (2024-2032)
- 11.5 Australia
- 11.5.1 Historical Trend (2018-2023)
- 11.5.2 Forecast Trend (2024-2032)
- 11.6 Others
- 12 Latin America WEEE Recycling Market Analysis
- 12.1 Brazil
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Argentina
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 12.3 Mexico
- 12.3.1 Historical Trend (2018-2023)
- 12.3.2 Forecast Trend (2024-2032)
- 12.4 Others
- 13 Middle East and Africa WEEE Recycling Market Analysis
- 13.1 Saudi Arabia
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 United Arab Emirates
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Nigeria
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 South Africa
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 13.5 Others
- 14 Market Dynamics
- 14.1 SWOT Analysis
- 14.1.1 Strengths
- 14.1.2 Weaknesses
- 14.1.3 Opportunities
- 14.1.4 Threats
- 14.2 Porter’s Five Forces Analysis
- 14.2.1 Supplier’s Power
- 14.2.2 Buyer’s Power
- 14.2.3 Threat of New Entrants
- 14.2.4 Degree of Rivalry
- 14.2.5 Threat of Substitutes
- 14.3 Key Indicators for Demand
- 14.4 Key Indicators for Price
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Company Profiles
- 15.2.1 SUEZ SA
- 15.2.1.1 Company Overview
- 15.2.1.2 Product Portfolio
- 15.2.1.3 Demographic Reach and Achievements
- 15.2.1.4 Certifications
- 15.2.2 Sims Lifecycle Services
- 15.2.2.1 Company Overview
- 15.2.2.2 Product Portfolio
- 15.2.2.3 Demographic Reach and Achievements
- 15.2.2.4 Certifications
- 15.2.3 Electronic Recyclers International, Inc.
- 15.2.3.1 Company Overview
- 15.2.3.2 Product Portfolio
- 15.2.3.3 Demographic Reach and Achievements
- 15.2.3.4 Certifications
- 15.2.4 Enviro Hub Holdings Pte Ltd.
- 15.2.4.1 Company Overview
- 15.2.4.2 Product Portfolio
- 15.2.4.3 Demographic Reach and Achievements
- 15.2.4.4 Certifications
- 15.2.5 Waste Management Holdings, Inc.
- 15.2.5.1 Company Overview
- 15.2.5.2 Product Portfolio
- 15.2.5.3 Demographic Reach and Achievements
- 15.2.5.4 Certifications
- 15.2.6 Stena Metall AB
- 15.2.6.1 Company Overview
- 15.2.6.2 Product Portfolio
- 15.2.6.3 Demographic Reach and Achievements
- 15.2.6.4 Certifications
- 15.2.7 MRI e-cycle Solutions
- 15.2.7.1 Company Overview
- 15.2.7.2 Product Portfolio
- 15.2.7.3 Demographic Reach and Achievements
- 15.2.7.4 Certifications
- 15.2.8 Umicore, NV/SA
- 15.2.8.1 Company Overview
- 15.2.8.2 Product Portfolio
- 15.2.8.3 Demographic Reach and Achievements
- 15.2.8.4 Certifications
- 15.2.9 SUNY Group
- 15.2.9.1 Company Overview
- 15.2.9.2 Product Portfolio
- 15.2.9.3 Demographic Reach and Achievements
- 15.2.9.4 Certifications
- 15.2.10 Quantum Lifecycle Partners LP
- 15.2.10.1 Company Overview
- 15.2.10.2 Product Portfolio
- 15.2.10.3 Demographic Reach and Achievements
- 15.2.10.4 Certifications
- 15.2.11 Others
- 16 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global WEEE Recycling Market: Key Industry Highlights, 2018 and 2032
- 2. Global WEEE Recycling Historical Market: Breakup by Type (USD Billion), 2018-2023
- 3. Global WEEE Recycling Market Forecast: Breakup by Type (USD Billion), 2024-2032
- 4. Global WEEE Recycling Historical Market: Breakup by Source (USD Billion), 2018-2023
- 5. Global WEEE Recycling Market Forecast: Breakup by Source (USD Billion), 2024-2032
- 6. Global WEEE Recycling Historical Market: Breakup by Application (USD Billion), 2018-2023
- 7. Global WEEE Recycling Market Forecast: Breakup by Application (USD Billion), 2024-2032
- 8. Global WEEE Recycling Historical Market: Breakup by Region (USD Billion), 2018-2023
- 9. Global WEEE Recycling Market Forecast: Breakup by Region (USD Billion), 2024-2032
- 10. North America WEEE Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
- 11. North America WEEE Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 12. Europe WEEE Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
- 13. Europe WEEE Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 14. Asia Pacific WEEE Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
- 15. Asia Pacific WEEE Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 16. Latin America WEEE Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
- 17. Latin America WEEE Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 18. Middle East and Africa WEEE Recycling Historical Market: Breakup by Country (USD Billion), 2018-2023
- 19. Middle East and Africa WEEE Recycling Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 20. Global WEEE Recycling Market Structure
Pricing
Currency Rates
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