SEATTLE (Recycling Monster): The latest research report published by Reportlinker.com says that the global e-scrap recycling market is projected to grow at a compound annual growth rate of 11.9% from $6.84 billion in 2021 to $7.65 billion by the end of the current year. Also, it expects the market to reach $10.94 billion by 2026, growing at a CAGR of 9.3%.

The chances of a short term global economic recovery following the Covid-19 pandemic has been derailed by the Russia-Ukraine war crisis. The war has resulted in multiple economic sanctions by world countries. It has also led to supply disruptions, which in turn has caused significant surge in commodity prices.

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The research report pointed out that Europe emerged as the most dominant e-scrap recycling market during the previous year, the other key markets being Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The global e-scrap market growth will be propelled by the growing usage of electronic products. The technological improvements makes electronic devices obsolete, which in turn lead to millions of tons of electronic scrap. The latest e-scrap recycling technologies ensure recovery of valuable metals from these devices, in an environmentally friendly manner.