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Market Overview of Global E-waste Recycling and Reuse Services market:
According to our latest research, the global E-waste Recycling and Reuse Services market looks promising in the next 5 years. As of 2022, the global E-waste Recycling and Reuse Services market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
E-waste is short for electronic waste. That is, trash generated from broken, obsolete, and surplus electronic devices. These electronic products often contain toxic chemicals and hazardous materials. E-waste recycling refers to the reprocessing and reuse of this e-waste. This is a process that seeks to recover materials from e-waste. As e-waste recycling and resource collection rates increase, companies can reuse existing metals and materials instead of mining precious metals from the earth. E-waste recycling refers to the recycling of electrical and electronic devices such as TVs, air conditioners, computers, mobile phones, laptops, DVDs, oven, microwave, fans, heaters, toasters, to securely extract raw materials such as metals, plastic, glass, and mercury, and reuse these materials and devices.
Short-term demand decline
With the implementation of quarantine and shutdown policies, service workers are forced to suspend work, and the collection of e-waste is temporarily stagnated. This will slow down the cycle of e-waste recycling in the short term, reduce demand, and bring negative effects to a certain extent.
Long-term stimulus demand
During the quarantine period, people choose to work and study remotely, and the frequency and types of electronic products used have increased significantly. As the market for electronic products expands, in the long run, the content of e-waste will also increase in the future, and the demand for services will also increase.
E-waste is increasing
With the advancement of technology, and the replacement cycle of electronic products has become shorter. The rapid advancement of technology has led to the continuous emergence of new digital products, increasing the number of electronic products per capita, and shortening the service life of electronic products such as mobile phones, computers, and TVs. At the same time, the amount of electronic waste has increased, which promotes E-waste Recycling and Reuse Services. The development of the market.
E-waste reuse is limited
Recycling can involve energy usage, hazards, labor costs, and practices by individuals and countries, which can hamper the efficient implementation of recycling plans. The biggest limit to recycling is that not all materials can be recycled and so materials can only be recycled a limited number of times due to degradation each time through the process. This degradation is referred to as down cycling. This hinders market development to a certain extent.
The export phenomenon is serious
A large part of North American e-waste will choose to export to Asia to pass on the risk of e-waste and save the cost of disposal. But the informal processing market in Asia is not regulated. Will have a negative impact on human life. These hinder the development of the E-waste Recycling and Reuse Services market in certain respects.
Company Overview:
Electronic Recyclers International Inc. is one of the major players operating in the E-waste Recycling and Reuse Services market, holding a share of 9.31% in 2021.
Electronic Recyclers International Inc.
Electronic Recyclers International, Inc. provides electronic waste recycling services in the United States. The company s services include data destruction, shredding, and asset management.
SIMS Recycling Ltd.
Sims Recycling Solutions offers repair, refurbishment and recycling services for electronic and electrical goods, such as computers, laptops, televisions, monitors and mobile devices.
Segmentation Overview:
By type, Household Appliances segment accounted for the largest share of market in 2022.
IT & Telecom Networking Equipment
The telecommunications industry is based on the transmission of voice, data, text, sound and video. This requires a large number of electronic and electrical components; from transmitters and receivers to power amplifiers, antennas, cables, DSL equipment, satellites, phones, mobile devices, routers, modems, and hosts. This equipment can be broken down into recyclable commodities. Telecommunications equipment usually contains many components that computers and other IT equipment contain. Although the structure of each piece of equipment is different from various materials, common commodities that can be extracted from network equipment include non-ferrous metals, aluminum, copper, broken plastics, mainframes, network cards, digital boards, and so on.
Mobile Devices (Smartphones, PDAs, etc.)
A mobile device (or handheld computer) is a computer small enough to hold and operate in the hand. Mobile devices are updated quickly and produce electronic waste. Improper disposal of electronic waste can cause destructive consequences to the environment and human health. E-waste recycling and reuse can properly handle hazardous chemicals in equipment and recycle important materials, such as precious metals, in equipment.
Household Appliances
Appliance recycling is the process of dismantling waste home appliances and scrapping their parts for reuse. Recycling appliances for their original or other purposes, involves disassembly, removal of hazardous components, and destruction of the equipment to recover materials, generally by shredding, sorting, and grading. The rate at which appliances are discarded has increased with technological advancement. This correlation directly leads to the question of appropriate disposal. The main types of appliances that are recycled are televisions, refrigerators, air conditioners, washing machines, and computers.
Application Overview:
The market's largest segment by application is the segment Consumer Electronics, with a market share of 74.63% in 2022.
Industrial & Commercial Electronics
Industrial and commercial electronic equipment includes various electrical equipment related to operations in telecommunications, transportation, public utilities, and other industries. E-waste recycling services can be applied to industrial and commercial electronics. The production of industrial and commercial electronic equipment generally requires precious metals and rare materials. E-waste recycling services can help them recycle the corresponding materials and save production costs.
Consumer Electronics
Consumer electronic products refer to electronic products used in daily consumer life. It belongs to specific household appliances or portable appliances with electronic components, and is usually used for entertainment, communication, and clerical purposes, such as televisions, telephones, stereos, high-fidelity, DVD players, and even computers. Consumer electronics products are updated quickly, and e-waste is generated quickly. E-waste recycling services can be applied to the consumer electronics industry to help recycle e-waste and save production costs.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global E-waste Recycling and Reuse Services market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global E-waste Recycling and Reuse Services Market Report:
Market Size Estimates: E-waste Recycling and Reuse Services market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: E-waste Recycling and Reuse Services market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the E-waste Recycling and Reuse Services market
Segment Market Analysis: E-waste Recycling and Reuse Services market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: E-waste Recycling and Reuse Services market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the E-waste Recycling and Reuse Services Market: Revenue and sales volume of major countries in each region
E-waste Recycling and Reuse Services Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the E-waste Recycling and Reuse Services market in major regions.
E-waste Recycling and Reuse Services Industry Value Chain: E-waste Recycling and Reuse Services market raw materials & suppliers, manufacturing process, distributors, downstream customers
E-waste Recycling and Reuse Services Industry News, Policies & Regulations
Key players in the global E-waste Recycling and Reuse Services market are covered in Chapter 12:
SIMS Recycling Ltd.
MBA Polymers Inc.
GEEP Inc.
Lifespan Technology Recycling Inc.
Recicla electronicos México
CRT Recycling Inc.
Electronic Recyclers International Inc.
EWASTE
Umicore S.A.
Tectonics Ltd.
In Chapter 2 and Chapter 15.1, based on types, the E-waste Recycling and Reuse Services market from 2018 to 2028 is primarily split into:
IT & Telecom Networking Equipment
Mobile Devices (Smartphones, PDAs, etc.)
Household Appliances
In Chapter 3 and Chapter 15.2, based on applications, the E-waste Recycling and Reuse Services market from 2018 to 2028 covers:
Industrial & Commercial Electronics
Consumer Electronics
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the E-waste Recycling and Reuse Services market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028