The widespread use of electronic products and appliances in the consumer sector has necessitated the efficient disposal of these gadgets. Rigorous rules governing safe disposal and e-scrap recycling management are driving the e-scrap recycling market. According to the United Nations, global e-waste volumes increased by 21% between 2004 and 2019. In 2019, the world dumped 53.6 million metric ton of e-waste, out of which only 17.4% was recycled.
AURUBIS AG, UMICORE, BOLIDEN GROUP, STENA METALL AB, AND TETRONICS ENVIRONMENTAL WASTE TREATMENT – PROMINENT MARKET PARTICIPANTS IN E-SCRAP RECYCLING MARKET
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 global 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.
Aurubis AG, Umicore, Boliden Group, Stena Metall AB, and Tetronics Environmental Waste Treatment are some of the key market players operating in the global e-scrap recycling market. The listing of key players is derived by considering multiple factors such as overall revenue, current e-scrap recycling product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the e-scrap recycling ecosystems which were studies analyzed during the course of this market research study, such as DOWA HOLDINGS Co., Ltd; Ecoreco Ltd.; Electronic Recyclers International, Inc. (ERI); Enviro-Hub Holdings Ltd.; Global Electric Electronic Processing (GEEP); JX Nippon Mining and Metals Corporation; and Sims Metal Management Limited.
Most of the market initiatives were observed in North America and Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | Development | Region |
| 2022 |
Stena Recycling GmbH’s German refrigerator recycling business is being sold as part of the Group’s strategic assessment. Stena Recycling’s activities in Germany will focus on expansion in the collecting, processing, and recycling of batteries in the future.
|
Europe |
| 2022 |
Quantum Lifecycle Partners LP, Canada’s leading I.T. Asset Disposition (ITAD) and Electronics Recycling service provider, has announced the acquisitions of REfficient and TechReset. Efficient specializes in reusing telecom equipment and serves customers in Canada and 14 countries. TechReset, on the other hand, is an ITAD firm with a significant presence in Canada and the United States.
|
North America |
