The Global E-scrap Recycling Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The Global E-Scarp Recycling Market was worth 50 million metric tons in 2019 and is expected to witness a CAGR of 3.1% through 2030. Rapid urbanization fueled by industrialization has accelerated the adoption of advanced technologies across wide range of industrial processes globally. Electronic devices have become an integral part of consumer and industrial applications owing to the ease of execution offered by these products. Increased investment in development of advanced electronic products has led to intense competition in designing, development and manufacturing of efficient electronic devices. This has provided the consumers with wide range of electronic devices to choose from to meet individual requirements. Additionally, increased disposable income has contributed towards the growth of electronic devices per capita across major parts of the world. With continuous technology development in electronic devices and adoption of advanced or next generation devices, the e-waste or e-scrap has increased significantly. This has fueled the growth of e-scrap recycling industry to tackle the rising environment concerns and efficiently manage the rising electronic waste.