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According to the latest report by Technavio, an international market research institution, the global primary battery recycling market is expected to grow by $62.
77 million from 2021 to 2025, with a compound annual growth rate of 8%
during the period.
The report argues that the abundant supply of raw materials and the reuse of resources will provide huge growth opportunities
.
However, logistical issues related to battery recycling may hamper the growth of the market
.
Europe offers significant growth opportunities
for vendors in the market during the forecast period.
At the same time, the increasing urbanization of emerging markets will greatly affect the growth of
the primary battery recycling market in the region.
83% of the market growth during the forecast period will come from Europe
.
Among them, the UK is one of
the main markets for primary battery recycling in Europe.
Overall, the primary battery recycling market is fragmented, Battery Solutions, Call2Recycle, COREPILE, Ecocycle, EnerSys, Exide Technologies, Gravita India, GRS Batteries Foundation, Johnson Controls International and Umicore are expected to be the major market players
during the forecast period.
According to the latest report by Technavio, an international market research institution, the global primary battery recycling market is expected to grow by $62.
77 million from 2021 to 2025, with a compound annual growth rate of 8%
during the period.
The report argues that the abundant supply of raw materials and the reuse of resources will provide huge growth opportunities
.
However, logistical issues related to battery recycling may hamper the growth of the market
.
Europe offers significant growth opportunities
for vendors in the market during the forecast period.
At the same time, the increasing urbanization of emerging markets will greatly affect the growth of
the primary battery recycling market in the region.
83% of the market growth during the forecast period will come from Europe
.
Among them, the UK is one of
the main markets for primary battery recycling in Europe.
Overall, the primary battery recycling market is fragmented, Battery Solutions, Call2Recycle, COREPILE, Ecocycle, EnerSys, Exide Technologies, Gravita India, GRS Batteries Foundation, Johnson Controls International and Umicore are expected to be the major market players
during the forecast period.
