The battery recycling market is estimated to be valued at USD 26.28 Bn in 2025 and is expected to reach USD 46.55 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2025 to 2032.
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Rising adoption of electric vehicles across the globe is driving the market growth. Stringent government regulations regarding proper disposal of obsolete batteries are also fueling the market growth. Moreover, growing emphasis on sustainability and circular economy have encouraged organizations to implement effective battery recycling programs. However, the lack of collection infrastructure in some underdeveloped regions and complex chemistry of new batteries are some of the challenges adversely impacting this market.
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