PCB & PCBA Waste Recycling Market Size, Share, Growth, and Industry Growth by Type (PCB and PCBA) By Application (Refrigerator, TV Set, Air Conditioner and Washing Machine) Regional Forecast From 2025 To 2033

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PCB & PCBA WASTE RECYCLING MARKET REPORT OVERVIEW

The global PCB & PCBA Waste Recycling Market size was valued at approximately USD 7.36 billion in 2024 and is expected to reach USD 21.42 billion by 2033, growing at a CAGR of about 12.6%. during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the PCB & PCBA waste recycling market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A printed circuit board (PCB) typically uses conductive tracks, pads, and other features that are made from one or more copper sheet layers laminated onto and between sheet layers of a non-conductive substrate because it serves as both a mechanical support and an electrical connector for electrical or electronic components. Components are often soldered onto the PCB in order to connect them electrically and physically fix them. These boards are used to operate electrical devices. Moreover, they are used in various electrical goods, such as passive switch boxes. PCB design requires more work to get the circuit out, but manufacturing and assembly are frequently automated.

Several layout tasks can be attempted to be completed using electronic CAD software. Due to the mass manufacture of circuits and the fact that components are installed and connected in a single step, it is more affordable and quicker than alternative wiring techniques. Due to the frequent simultaneous production of large numbers of PCBs, the layout only has to be completed once. With less advantages, PCBs may also be produced manually in small numbers.

COVID-19 IMPACT

"Lockdown and Halt in Operations to Hinder the Market During the Forecast Period"

Covid badly affected the PCB & PCBA waste recycling market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.

LATEST TRENDS

"Rapid Advancements in Technologies to Bolster the Market Growth"

Recent years have seen a rapid advancement in a number of technologies, with the release of new devices on a regular basis. Latest electrical gadgets are preferred by consumers. Users are changing gadgets more frequently as their disposable income rises and financing options like EMI, purchase now pay later, and zero down payments are becoming more accessible. Consequently, throughout the projection period, a growth in the use of high-tech appliances and electronics is anticipated to increase demand for recycling PCB and PCBA waste. Throughout the past several decades, the popularity of electronic items such as Televisions, computers, laptops, e-readers, cell phones, and other devices has increased exponentially. Electronic waste is accepted for recycling by a number of electronics producers and merchants.

PCB & PCBA WASTE RECYCLING MARKET SEGMENTATION

By Type Analysis

By type, market is segmented into PCB and PCBA. The PCB type segment will dominate the market in the coming years.

By Application Analysis

Based on applications, the market is classified into refrigerator, tv set, air conditioner and washing machine. The refrigerator segment will lead the global share through 2033.

DRIVING FACTORS

"Expansion of the Communication Industry to Augment the Market Demands "

The growth of the market for PCB and PCBA waste recycling will be largely fueled by the expansion of the communication industry and the proliferation of connected devices. A further factor driving the global PCB and PCBA waste recycling market is the need from the automotive industry as a result of technical improvements in car electronics. The PCB & PCBA waste recycling market will be fueled by new trends such the shrinking of printed circuit boards and the rise in demand for high-speed data and signal transfers.

"Growth of Green PBC and Increase in Consumer Electronic Devices to Propel the Market Growth"

The industry is now presented with attractive potential due to the growth of green PCB development. With rising demand, there are more computer systems in the corporate, healthcare, and educational sectors. The market for PCB and PCBA waste recycling is projected to be driven by the increase in consumer electronics devices and telecommunications items. The PCB and PCBA waste recycling market is anticipated to grow globally as a result of the rise in the adoption of electric cars due to environmental concerns and governmental requirements.

RESTRAINING FACTORS

"Lack of Infrastructure and Financial Resources to Challenge the Market Growth"

Throughout the forecast period, the worldwide market forPCB and PCBA waste recyclingis anticipated to face challenges due to a lack of infrastructure and financial resources in emerging nations.

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PCB & PCBA WASTE RECYCLING MARKET REGIONAL INSIGHTS

"North America’s PCB & PCBA Waste Recycling Market to Grow Exponentially with the Forecasted Period"

The PCB and PCBA waste management market was led by Europe in 2021. In the same year, North America and Asia-Pacific both followed the area closely. Due to a rise in the amount of e-waste being collected, the market potential for PCB and PCBA waste treatment in Europe seems promising. Europe had the greatest collection and recycling rate in 2019, followed by Asia, the Americas, Oceania, and Africa, according to the report The Global E-waste Monitor 2020.

Due to the area's rapid growth in the use of electronic devices, increase in e-waste recycling, and expansion of the market for smart home appliances, Asia Pacific is the region with the fastest-growing PCB and PCBA waste management market. Nonetheless, the market in South America is predicted to increase at a quicker rate than that in the Middle East and Africa. Demand for PCB and PCBA waste management is larger in the Middle East and Africa than it is in South America.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Top PCB & PCBA Waste Recycling Companies

• Sims Recycling Solutions (UK)
• Electronic Recyclers International (U.S.)
• Kuusakoski (Finland)
• Umicore (Belgium)
• Waste Management (U.S.)
• Gem (U.S.)
• Stena Metall Group (Sweden)
• GEEP (India)
• Dongjiang (China)
• Electro cycling (U.S.)
• Cimelia (Singapore)
• Veolia (France)
• Enviro - Hub Holdings (Singapore)
• E - Parisaraa (India)
• Environ Com (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.