Throughout the forecast period, the limited shelf life of electronic items is likely to fuel development in the worldwide e-waste recycling and reuse services market. Because the need for mobile phones is expanding, so are sales. Throughout the projected period, the high rate of obsolescence is likely to fuel the worldwide e-waste recycling and reuse services market growth. Increasing interest from electronics manufacturers has the potential to provide significant economic possibilities in the worldwide e-waste recycling and reuse services industry. Companies such as Nokia and Sony, for example, repurchase their products from customers and recycle them further. The high cost of e-waste management is likely to stymie the expansion of the worldwide e-waste recycling and reuse services market during the forecast period. Less e-waste collection zones are anticipated to constrain growth throughout the projected period.
According to Coherent Market Insights, The global E-waste Recycling And Reuse Services Market is estimated to be valued at US$ 1,509.3 million in 2021 and is expected to exhibit a CAGR of 7.3% over the forecast period (2021-2028).
Key Competitors in the E-Waste Recycling And Reuse Services Industry:
1. Tetronics Ltd,
Stena Techno world
Technoworld is a leading technology retailer that sells laptops, desktops, chromebooks & audiovisual products. The company was founded in 1995, headquartered in England.
2. UMICORE SA
Umicore SA operates as a materials technology and recycling company worldwide. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. Umicore SA was founded in 1805 and is headquartered in Brussels, Belgium.
3. Global Electric Electronic Processing Inc.
Certified to the highest standards in the industry, GEEP has consistently won accolades for its processes, sustainable operations and best-in-class management. With a broad geographical coverage at nine locations in the U.S., Canada and Costa Rica, company was founded in 1985, headquartered in Ontario, Canada.
4. Sims Recycling Solutions
Sims Recycling Solutions uses comprehensive recovery processes to unlock the value in electronic business assets whilst providing high. Founded in 1917, headquartered in Chicago. In Dec. 2, 2019 Sims Recycling Solutions (SRS), announced that SURFsara has selected SRS as its e-waste recycling vendor. SRS will ensure that all SURFsara's electronics are responsibly redeployed, remarketed or recycled. SRS and SURFsara are committed to contributing to the circular economy and reducing e-waste and have initiated a unique program with a goal of reducing e-waste to zero. in June 2018, Sims Recycling Solutions expanded its Eindhoven, Netherlands e-waste facility.
5. MBA Polymers Inc.
It is Manufacturer of post-consumer recycled plastics committed to reducing energy usage and greenhouse gases emission. The company produces plastics and polymers from end-of-life durable goods, like cars, electrical and household equipment sourced from landfills and incineration. Founded in 1997, headquartered in U.S. , in June 2019, MBA Polymers Inc. acquired new recycling plant for electronic equipment in Saxony, Germany
6. Cimelia Resource Recovery
Cimelia Resource Recovery is an integral arm of the Enviro-Hub Group of companies. Aligned to the Group’s positioning of providing. The company was founded in 2004, headquartered in Singapore.
7. Electronic Recyclers International Inc.
Electronic Recyclers International is the largest electronics recycler in North America. Electronic Recyclers International was founded in 2002 and is based in California. In January 2021, Petonic Infotech, a pioneering management consulting firm
*Definition- Electronic garbage, often known as E-waste or waste electrical and electronic equipment (WEEE), is wasted electrical and electronic equipment. E-waste is generated mostly by consumer electronic devices such as PC monitors, computer equipment, mobile phones, and stereos.
