Electronic Product Recycling Market 2023 Business Review, Company Profiles, Growth Strategy, Trends and Forecast by 2028

May 9, 2023May 9, 2023 vijay25

Electronic Product Recycling Market

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 This means that newer cell phone models are continually on the rise of consumerism and more outdated models are likely to end up in landfills.Most cell phones contain precious metals and plastics that can be recycled to save energy and resources that would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.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. 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.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.

Electronic Product Recycling Market

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