World E-Scrap Recycling Market to Exceed $8.2 Billion by 2028

SEATTLE (Scrap Monster): The latest market study report published by Insight Partners suggests CAGR growth of 14.3% to world e-scrap recycling market over the period from 2021 to 2028. The market is projected to reach $8.2 billion by 2028. This compares with the market value of $3.2 billion in 2021.

ALSO READ:

International E-Waste Day to Focus on Small Electric Items

Airtel Launched Fresh E-Waste Recycling Drive in Kenya

The report highlights that several countries in the Asia-Pacific region have programs to achieve the environmentally sound management of electronic waste. However, the success and effectiveness of these programs have been hampered by various challenges, including lack of adequate infrastructure and financial resources. Much of the e-waste in the region is handled by informal garbage recycling businesses that lack expertise in dealing with e-waste containing toxic elements.

The study report quoted UN findings, which says that electronic and electrical equipment sale across the world dropped significantly during the initial three quarters of 2020, though they have rebounded by the beginning of the previous year.

The report identified DOWA HOLDINGS Co., Ltd; Ecoreco Ltd.; Electronic Recyclers International, Inc. (ERI); Enviro-Hub Holdings Ltd.; Global Electric Electronic Processing (GEEP); JX Nippon Mining and Metals Corporation; Sims Metal Management Limited; Stena Metall AB; Tetronics Limited; and Umicore as the key players of the e-scrap recycling market.