HOME APPLIANCE RECYCLING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Home Appliance Recycling Market Size and Trends

Global home appliance recycling market is expected to reach US$ 30.22 billion by 2030, from US$ 18.46 billion in 2023, exhibiting a CAGR of 7.3% during the forecast period.

Figure 1. Global Home Appliance Recycling Market Share (%), By Region, 2023

Global Home Appliance Recycling Market- Trends

• Deployment of IoT and Robotics in Recycling Plants: Recycling facilities are increasingly adopting advanced automation like IoT sensors, cobots, automated guided vehicles, waste sorting robots, and others  to improve efficiency and working conditions. For instance, in 2022, according to National Institute of Health, IoT provides real-time data on appliance disassembly, material flows and inventory. Robots can safely handle hazardous e-waste. Automation enables 24x7 operations with lower labor, improves sorting accuracy, and frees up workers from dangerous tasks. This trend will lead to faster recycling times and higher yields.
• Blockchain for Enhanced Traceability of Recycled Materials: Blockchain technology is emerging as a tool to track appliance recycling and recoverable material flows through the value chain. It provides tamper-proof records and brings transparency into material sourcing. This can build credibility around use of recycled plastics and metals. OEMs are exploring blockchain to gain sustainability credentials for products made from recycled content. Recyclers can implement blockchain solutions to assure customers about material quality. Better traceability will encourage wider adoption of recycled resources.
• Deployment of Solar and Wind Power at Recycling Sites: Energy consumption is a key cost factor in appliance recycling operations. Many recyclers are adopting renewable energy like rooftop solar panels and small wind turbines in power shredders, compactors and other equipment. Solar and wind energy reduce electricity costs and carbon footprint of the recycling process. These hedge against energy price volatility. Energy-efficient design of recycling facilities and use of hybrid generators also support cost savings. Recyclers are increasingly embracing renewable energy for economical and eco-friendly operations.
• Transition to Circular Business Models: Leading manufacturers and retailers are going beyond recycling to adopt circular models such as repair and refurbishment services for home appliances. This extends product lifespan while serving untapped customer segments. Some companies are also taking back recycled plastics to produce new appliances, closing the material loop. Product-as-service models like appliance rentals and subscriptions are also emerging. Transition towards a circular economy will reshape value chains and create long-term incentives for recycling.