The e-scrap recycling market was estimated to be worth USD 26.1 billion globally in 2022, and over the course of the forecast period, a CAGR of 14.3% is anticipated. The market is expanding as a result of rising urban mining prospects, technology developments, and government circular economy initiatives. The market is expanding significantly due to technological advances in recycling processes and advancements in sorting technology. The need for electrical and electronic equipment has significantly increased as a result of global technological breakthroughs.
The demand for the E-Scrap Recycling Market is being driven by rising public awareness of recycling and reuse. The recycling and processing of e-waste, which includes abandoned electronic gadgets, is referred to as the e-scrap recycling market. The need for e-scrap recycling is being driven by the rise in the number of electronic gadgets that are discarded globally.

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Growth Drivers
The market is expanding due to growing consumer awareness of product recycling and cleanliness. Technology advancements in recycling have increased the efficacy and efficiency of e-waste recycling procedures, allowing for greater recovery rates and more effective use of available resources. Reducing the requirement for virgin material and conserving natural resources is achieved by increasing the recovery of valuable metals, polymers, and rare earth elements.
Governments and organizations are enacting laws and launching programs to promote e-waste recycling in response to growing public awareness of the negative environmental effects of inappropriate e-waste disposal, including pollution and resource depletion.
Global technological progress has led to a notable increase in the cost of electrical and electronic devices. It is crucial to manage e-scrap properly. To reduce the harmful effects of electronic trash on the environment, businesses and the government are being encouraged to invest in e-scrap recycling due to growing awareness of environmental pollution and the need for sustainable practices.
Segmentation
Recycler Type
· Glass
· Plastic
· Metal
· Printed Circuit Board
Material Recovery
· Metal
· Plastic
· Glass
· Other Metals
Application
· Trashed
· Recycled
Source Type
· Household Appliances
· Consumer Electronics
· IT and Telecommunications
Product Type
· IT
· Office Equipment and Handheld devices
· Major Home Appliances
· Small Home Appliances
· Ferrous metals
· Non-Ferrous Metals
· Precious Metals
· Other Materials
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Umicore N.V.
· JX Nippon Mining and Metal Corporation
· Dowa Holdings co. ltd.
· ITRenew Inc
· Electronics Recyclers Ltd.
· Enviro Hub Holdings Ltd.
· Stena Metall AB
· Sims Metal Management
· Aurubis AG
· Boliden Group
· Other Players

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