E-recycling sector to reach $198.5 mn by 2032 at CAGR of 13.52%: Ind-Ra

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E-recycling sector to reach $198.5 mn by 2032 at CAGR of 13.52%: Ind-Ra - Business Standard

Quick Summary:

Citing an Astute Analytica report, the credit ratings agency said the domestic e-waste management market is projected to reach a valuation of about USD 198.52 million by 2032 at a compounded annual growth rate (CAGR) of around 13.52 per cent during 2024-2032, hinting at a huge market.

The domestic industry can look forward to increased business opportunities in the e-recycling sector, which is expected to grow at a CAGR of 13.52 per cent, reaching USD 198.52 million by 2032, India Ratings and Research (Ind-Ra) said in a report on Wednesday.

The report also underlined the need for a strong reverse logistics network for e-waste procurement to ensure contract fulfilment and technical expertise to gain extended producer responsibility (EPR) revenue.