Electronics Recycling Market Forecast to Touch $86.71 Billion by 2030

SEATTLE (Scrap Monster): According to a recent study by Maximize Market Research Pvt. Ltd., the global electronics recycling market is expected to reach $86.71 billion by 2030, with a compound annual growth rate (CAGR) of 12.7%. In 2023, the market was worth $37.55 billion.

The market for electronics recycling has grown significantly in recent years due to the growing global awareness of sustainability and the exponential increase in the amount of electronic waste produced worldwide. In addition to lowering environmental pollution, recycling electronics responsibly will recover valuable materials like rare earth metals, polymers, and precious metals.

Countries in North America and Europe have strict laws and policies pertaining to the recycling and disposal of e-waste. Customers in these areas are highly conscious of the consequences of inappropriate e-waste disposal. They lead in terms of electronic waste recycling as well.

The electronics recycling market offers huge opportunities for development of new recycling methods to handle emerging technologies such as wearable devices, IoT gadgets, and 5G infrastructure components. 

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