Battery Recycling Market Share, Global Status, and Driving Factors Analysis Report By 2025

Global Battery Recycling Market strategic research study offers company accounts, industry investors, and industry members with consequential insights to enable them to make reliable strategic decisions regarding the opportunities in the global market.

In this report, we thoroughly examine and analyse the Global market for Battery Recycling so that market participants can improve their business strategy and ensure long-term success. This report provides players with useful information and suggests result-based ideas to give them a competitive advantage in the global Battery Recycling industry. It will show how other players compete in the global Battery Recycling market and explain the strategies you use to differentiate yourself from other participants.

This Research Report Answers the Following Questions:

  • How Battery Recycling market will grow in the coming year?
  • Will the COVID-19 pandemic surge the demand for such platforms?
  • How are key companies planning to promote benefits of Battery Recycling?
  • What are the industry growth drivers, obstacles, and dynamics?
  • Which segment is expected to lead in the coming years?

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The global battery recycling market size was valued at USD 8.74 billion in 2016 and is anticipated to reach USD 21.04 billion by 2025, with a CAGR of 10.4%. Stringent government regulations coupled with a progressive environment to pursue factors related to reduction in emission of formidable greenhouse gases and compliance with environmental protection and conservation is proving to be a growing impetus for battery recycling market. Spent batteries pose immense health hazards and impair the ecosystem significantly and coupled with government recognizing the need for implementing initiatives in order to recycle batteries are constructive drivers to the market.

Successful JV’s between profitable ventures and NGO’s in collaboration with leading automobile manufacturers has boosted the battery recycling market. Battery recycles market still being in nascent stage and giving leverage to technological advancements comprising new entrants and small players descending on the market with high capital investments notwithstanding, market is surging forward thanks to growing incentives from government and environmental institutions.

Region-wise segmentation includes North America, Europe, Asia Pacific, MEA and Latin America. The automotive sector in battery recycling market continues to enjoy wide popularity in the spent battery source segment during the forecast period and hence is a confirmed market leader in the battery recycling market. A proportionately high figure of lead acid batteries conventionally employed in vehicles and displaying a pre-disposition towards the recycling industry has given rise to battery recycling market which has boosted the market.

As a news article dated Jul 2016 puts, a record 7.3 million pounds worth of single use and rechargeable batteries have been recycled in 2016. This corresponds to an excess of 115 million batteries being diverted from Canadian and U.S landfills and being put to recycle over the past 20 years. As news article dated Mar 2016 puts in print, the actual amount of waste batteries collected in 2015 exceeded 14,879 tons and a significant drop is observed in last quarter of the year totaling 4,022 tons. The amount noticed was in a ratio of 2507 tons for lead acid batteries to 125 tons with Ni-Cd batteries.

The news also lets out that recycling target can be attached to only portable batteries and UK has significantly raised the portability bar to 4Kg and in accordance with this stipulation, waste batteries weighing more than 4Kg cannot be termed as portable. The key industry players include battery Solutions LLC, Call2Recycle, Inc., EastPenn Manufacturing Co, EnerSys, Exide Technologies, G and P Batteries, Gravita India Ltd., Johnson Controls, Inc., Retriev Technologies, Inc., and UmiCore N.V.

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