SEATTLE (Recycling Monster): According to the most recent study released by Wiseguy Research Consultants Pvt. Ltd., the global market for electronic recycling is expected to increase significantly in the years to come. The market is expected to increase at a CAGR of roughly 11.8% during the forecast period, reaching $190.7 billion by 2032. It is important to remember that the market was worth $69.41 billion in 2023 and $77.65 million in 2024.

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The report claims that manufacturers and consumers are being forced to embrace recycling techniques as a result of governments all around the world enforcing strict e-waste management requirements. Additionally, consumers are now more aware of the negative effects improper disposal of obsolete electronics may have on the environment and human health, which has led to a rise in recycling participation. Furthermore, the effective recovery of precious metals like gold, silver, and platinum has been made possible by advancements in recycling technologies.

North America is the world's largest market for electronic recycling, according to the research. Recycling infrastructure is well-established in both the United States and Canada. Meanwhile, during the forecast period, the Asia-Pacific region's electronic recycling market is anticipated to grow at the fastest rate.

The analysis pointed out that although the market future appears bright, there are obstacles as well.