Global E-Waste Recycling Market to Reach $84.3 Billion by 2031

SEATTLE (Scrap Monster): The global market for recycling electronic waste is anticipated to increase at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031, reaching $84.3 billion by 2031, according to a recent market research analysis released by Meticulous Market Research Pvt. Ltd.

Growing demand, shorter device lifespans, increased device usage, and more stringent government regulations on the disposal of electronic waste will be the primary drivers of the e-waste market's expansion. Increased market potential will also result from government initiatives to support sustainable recycling practices and technological advancements in recycling.

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Among various segments, the precious metals segment is predicted to witness the highest CAGR during the forecast period, mainly driven by rising demand for gold and silver in electronics manufacturing. Additionally, during the projection period, hydrometallurgy recycling technologies will outperform others.

The Asia-Pacific region is anticipated to have the largest CAGR growth, the paper states. It stated that nations like China, India, and Indonesia will be the primary drivers of the anticipated market expansion in the region.