global E- Waste Recycle and Reuse Services Market Overview:
Electronic Waste is electronic product which are not working, unwanted and they are at the end of their working life. There are different type of electronic wastes such as Plastic, Metal, Glass, Chemical, etc. these come from vary sources such as house, corporate sectors, industries and many more. Electronic waste are harmful due to presence of toxic chemicals which shows effect on human health and environment also. By recycling it many important metals can be recover from electronic waste which can further used for manufacturing of another electric equipment. Owing to Increase in concern related to effect of E-waste on air pollution, human health, and limited shelf life to electrical goods, E- waste recycle and reuse service market is expected to grow at a significant rate during the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing popularity of zero waste and Rising demand for cyber security to enhance hardware destruction techniques
Market Growth Drivers:
Increasing concern related to the effect of E-waste, Increasing Demand for Recycled Products and Increasing Awareness of the Environmental Impact of Electronic Waste
Challenges:
Lack of awareness
Restraints:
High-Cost Recycling Process and Lack of a Standardized Recycling Process
Opportunities:
Rising demand of robots for disassemble of electronics instead of shredding. and Increasing use of artificial intelligence for the identification of waste.
Competitive Landscape:
Electronic Waste Recycle and Reuse market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Umicore (Eupore), Enviro-Hub Holdings Limited (Switzerland), Tetronics Environmental waste treatment Company (United Kingdom), ERI (United States), Cimelia Resource Recovery (Singapore), Sims Limited (United States), Boliden Group (Sweden), Veolia (France), MRI Technologies (United States), WM Intellectual Property Holding LLC (United States) and Sembcrop Industries (Singapore). Considering Market by Industry Vertical, the sub-segment i.e. IT and Telecom will boost the E- Waste Recycle and Reuse Services market. Considering Market by Material Type, the sub-segment i.e. Metals and chemicals will boost the E- Waste Recycle and Reuse Services market. Considering Market by E-waste Type, the sub-segment i.e. Computer Equipment will boost the E- Waste Recycle and Reuse Services market. Considering Market by Service Type, the sub-segment i.e. Collection will boost the E- Waste Recycle and Reuse Services market.
Latest Market Insights:
In June 2022, Stena Recycling Finland signed agreement with Encore Environmental Services. By this agreement Stena acquired 100% of the shares in Encore Environmental Services. This acquisition help stena to expand business in recycling sector.
In February 2022, Umicore lunched a battery recycling solution, a new business unit. to capatlize this fast-expanding sector. With 150,000-tonne battery recycling plant Umicore strengthened its presence in Europe region.
What Can be Explored with the E- Waste Recycle and Reuse Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the global E- Waste Recycle and Reuse Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in E- Waste Recycle and Reuse Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the global E- Waste Recycle and Reuse Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in E- Waste Recycle and Reuse Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electronic Waste Recycling and Reuse Companies, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.