Electronic Recycling Market

Humans toss millions of cell phones each year in favor of newer technology?and all those discarded phones may be taking a toll on the environment. Electronic scrap accounts for 70% of the overall toxic waste currently found in landfills in the U.S.A. According to the U.S. Environmental Protection Agency (EPA), 141 million mobile phones were discarded in 2009 and only 12 million of those were collected for recycling.

A cell phone's shelf life is only about 24 months for the average user. This means that newer cell phone models are constantly put up on the market to replace older ones. This is as a result of the rapid progression of technology in the mobile industry. According to Matt Ployhar of Intel, the industry is rapidly evolving, possibly even at ?Moore's law pace or faster. This means that newer cell phone models are continually on the rise of consumerism and more outdated models are likely to end up in landfills.

Most cell phones contain precious metals and plastics that can be recycled to save energy and resources that would otherwise be required to mine or manufacture. When placed in a landfill, these materials can pollute the air and contaminate soil and drinking water. Cell phone coatings are typically made of lead, which is a toxic chemical that can result in adverse health effects when exposed to it in high levels. The circuit board on cell phones can be made of copper, gold, lead, zinc, beryllium, tantalum, coltan, and other raw materials that would require significant resources to mine and manufacture. This is why it is important to recycle old cell phones and source these increasingly scarce materials whenever possible.

Electronic waste (e-waste) is a global problem; especially since many developed countries, including the U.S., ship their discarded electronic devices to less developed parts of the world. Oftentimes, the e-waste is improperly dismantled and burned, producing toxic emissions harmful to waste site workers, children, and nearby communities. Therefore, it is important for cell phone users to dispose of and recycle their devices responsibly and ethically.
Electronic Recycling Market contains market size and forecasts of Electronic Product Recycling in Global, including the following market information:
Global Electronic Product Recycling Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Electronic Product Recycling market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Mobile Phone Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electronic Product Recycling include Sims Limited, Itrimex, UESUGI Co Ltd, Interco, ESG Edelmetall-Service GmbH?Co. KG, URT Umwelt, Tesla Recycling, PCB Tech and EMP Recycling, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Electronic Product Recycling companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electronic Product Recycling Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Electronic Product Recycling Market Segment Percentages, by Type, 2021 (%)
Mobile Phone
Computer
Other Consumer Electronics
Industrial Control Electronics
Other
Global Electronic Product Recycling Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Electronic Product Recycling Market Segment Percentages, by Application, 2021 (%)
Metal Recycling
OEM
Aftermarket
Global Electronic Product Recycling Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Electronic Product Recycling Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electronic Product Recycling revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Electronic Product Recycling revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sims Limited
Itrimex
UESUGI Co Ltd
Interco
ESG Edelmetall-Service GmbH?Co. KG
URT Umwelt
Tesla Recycling
PCB Tech
EMP Recycling
Kat-Metal
Evciler Kimya
Dowa Eco-System