Global and United States Electronic Product Recycling Market Report & Forecast 2022-2028

Humans toss millions of cell phones each year in favor of newer technology—and all those discarded phones may be taking a toll on the environment. Electronic scrap accounts for 70% of the overall toxic waste currently found in landfills in the U.S.A. According to the U.S. Environmental Protection Agency (EPA), 141 million mobile phones were discarded in 2009 and only 12 million of those were collected for recycling.

A cell phone's shelf life is only about 24 months for the average user. This means that newer cell phone models are constantly put up on the market to replace older ones. This is as a result of the rapid progression of technology in the mobile industry. According to Matt Ployhar of Intel, the industry is rapidly evolving, possibly even at “Moore's law pace or faster. This means that newer cell phone models are continually on the rise of consumerism and more outdated models are likely to end up in landfills.

Most cell phones contain precious metals and plastics that can be recycled to save energy and resources that would otherwise be required to mine or manufacture. When placed in a landfill, these materials can pollute the air and contaminate soil and drinking water. Cell phone coatings are typically made of lead, which is a toxic chemical that can result in adverse health effects when exposed to it in high levels. The circuit board on cell phones can be made of copper, gold, lead, zinc, beryllium, tantalum, coltan, and other raw materials that would require significant resources to mine and manufacture. This is why it is important to recycle old cell phones and source these increasingly scarce materials whenever possible.

Electronic waste (e-waste) is a global problem; especially since many developed countries, including the U.S., ship their discarded electronic devices to less developed parts of the world. Oftentimes, the e-waste is improperly dismantled and burned, producing toxic emissions harmful to waste site workers, children, and nearby communities. Therefore, it is important for cell phone users to dispose of and recycle their devices responsibly and ethically.
Market Analysis and Insights: Global and United States Electronic Product Recycling Market
This report focuses on global and United States Electronic Product Recycling market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Electronic Product Recycling market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Mobile Phone accounting for % of the Electronic Product Recycling global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Metal Recycling was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the Electronic Product Recycling market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period.
Global Electronic Product Recycling Scope and Market Size
Electronic Product Recycling market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Electronic Product Recycling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Electronic Product Recycling market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Mobile Phone
Computer
Other Consumer Electronics
Industrial Control Electronics
Other
Segment by Application
Metal Recycling
OEM
Aftermarket
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Sims Limited
Itrimex
UESUGI Co Ltd
Interco
ESG Edelmetall-Service GmbH＆Co. KG
URT Umwelt
Tesla Recycling
PCB Tech
EMP Recycling
Kat-Metal
Evciler Kimya
Dowa Eco-System