Regional Analysis
Global Home Appliance Recycling Market- Regional Insights
- North America is expected to be the largest market for home appliance recycling during the forecast period, accounting for over 34.2% of the market share in 2023. The growth of the market in North America is due to high demand for appliance replacements, rising awareness about recycling among consumers, and supportive regulations regarding responsible disposal of hazardous materials contained in appliances.
- Asia Pacific is expected to be the second-largest market for home appliance recycling, accounting for over 25.1% of the market share in 2023. The growth of the market is attributed to rapid urbanization, growing middle class population and increasing adoption of home appliances in developing countries like India and China.
- Europe is expected to be the fastest-growing market for home appliance recycling, with a CAGR of over 7.2% during the forecast period. The growth of the market in Europe is attributed to stringent regulations like WEEE directive and eco-design requirements that mandate recycling of home appliances in the region.
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