Europe E-Scrap Recycling Market

The e-scrap recycling market in Europe is expected to grow from US$ 1,672.55 million in 2021 to US$ 3,640.79 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028.

The limited availability of rare metals, combined with their ever-increasing demand, has resulted in a rapid rise in their costs. Silver, gold, palladium, platinum, indium, and gallium are among the unique and precious metals found in e-waste. These rare elements are frequently employed in consumer electronics and IT and communication systems. Procuring such metals from e-waste and reusing them for another process is a major stream of revenue for players in the metals and other associated industries. For example, ~250 kg of silver, 24 kg of gold, may be recovered from one million mobile phone garbage. This would also benefit manufacturers by allowing them to build electrical gadgets at lower costs and gain a cost advantage over their competitors. The increasing demand for recycled metals is highlighting the need for reuse, refurbishment, and recycling of metal-based gadgets. This would also benefit countries in terms of reducing greenhouse gas emissions, which would assist in mitigating the threat of global warming. This is because, the carbon footprint of electronics, including smartphones, is about 3.7% of greenhouse emissions, around 14 ounces of carbon dioxide per person each year. Electronic equipment tends to become outmoded or require repair from time to time, which is a crucial contributor to e-waste generation. Replacing an electronic gadget is less expensive than having it fixed. As a result, there has been an increasing trend toward purchasing new products rather than repairing old ones. This necessitates the creation of an extensive network of collection zones for that electronic garbage that needs to be reused, refurbished, and recycled.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe e-scrap recycling market in the coming years. The market is expected to grow at a good CAGR during the forecast period.

Europe E-Scrap Recycling Market Revenue and Forecast to 2028 (US$ Million)

                                     

Europe E-Scrap Recycling Market Segmentation

The Europe e-scrap recycling market is segmented based on product type, processed material and country. Based on product type, the market is segmented into IT & telecom equipment, small household appliances, large white goods, consumer electronics, and others. The large white goods segment dominated the market in 2020 and IT & telecom equipment segment is expected to be the fastest growing during the forecast period. Based on processed material, the market is segmented into metal, glass, plastic, and others. The metal segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the Europe e-scrap recycling market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. DOWA HOLDINGS CO., LTD; Electronic Recyclers International, Inc; JX Nippon Mining & Metals Corporation; Sims Metal Management Ltd; Stena Metall Ab; Tetronics; and Umicore are among the leading companies in the market.

Europe E-Scrap Recycling Market Strategic Insights

Europe E-Scrap Recycling Market Segmentation Analysis

Europe E-Scrap Recycling Market Report Highlights

Europe E-Scrap Recycling Report Scope

Europe E-Scrap Recycling Market Country and Regional Insights