Research on Korea e-Waste Recycling & Reuse Service Industry Strategy Analysis (Impact of Covid-19)

Length- 107 Pages | Published Date - 2023-04-01 | Report Id- 2038
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Market Analysis and Insights: Korea e-Waste Recycling & Reuse Service Market
The Korea e-Waste Recycling & Reuse Service market size in 2022 is 329.62 million US dollars, and it is expected to be 572.52 million US dollars by 2029, with a compound annual growth rate of 8.21% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the e-Waste Recycling & Reuse Service market include Samsung, LG, DAEHEUNG M&T CO.,LTD, DM Korea Co., Ltd, and IT Green Co., Ltd.. The share of the top 3 players in the e-Waste Recycling & Reuse Service market is 32.79%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Reuse, Recycling, etc. Application segment includes Phone, Computer, etc.
---Recycling contributes approximately 80.14% share to the market in 2022.
---Refrigerator contributes approximately 35.09% share to the market in 2022.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the Korea e-Waste Recycling & Reuse Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the Korea e-Waste Recycling & Reuse Service market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the Korea e-Waste Recycling & Reuse Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the Korea e-Waste Recycling & Reuse Service market.

Korea e-Waste Recycling & Reuse Service Scope and Market Size
e-Waste Recycling & Reuse Service market is segmented by company, by Type, and by Application. Players, stakeholders, and other participants in the Korea e-Waste Recycling & Reuse Service market will be able to gain the upper hand as they use the report as a powerful resource.

The impact of the outbreak of COVID-19 and the Russia-Ukraine War on the e-Waste Recycling & Reuse Service industry is considered in the report, covering the dynamic analysis of the development of the e-Waste Recycling & Reuse Service industry, including trends, technologies, opportunities, constraints. To ensure report buyers are able to gain in-depth knowledge of the market.

The e-waste recycling and reuse service market in Korea is influenced by several trends. Here are some observed market trends in the e-waste recycling and reuse service industry in Korea:

Increasing Awareness of Environmental Impact: There is a growing awareness among individuals, businesses, and the government about the environmental impact of e-waste. As a result, there is a greater emphasis on responsible disposal and recycling of electronic devices. This trend is driving the demand for e-waste recycling and reuse services in Korea.

Government Initiatives and Regulations: The Korean government has implemented various initiatives and regulations to promote e-waste recycling and reuse. These include the Act on Resource Recycling of Electrical and Electronic Equipment and Vehicles, which establishes a legal framework for the collection, recycling, and reuse of e-waste. Government support and regulations contribute to the growth of the e-waste recycling and reuse service market in Korea.

Extended Producer Responsibility (EPR): The concept of extended producer responsibility places the responsibility for the disposal and recycling of electronic products on the manufacturers and importers. In Korea, EPR programs for e-waste have been implemented, which require manufacturers and importers to establish collection and recycling systems. This creates opportunities for e-waste recycling and reuse service providers to collaborate with manufacturers and importers to meet their recycling obligations.

Technological Advancements in E-Waste Recycling: The field of e-waste recycling is constantly evolving with advancements in technology. Innovative processes are being developed to extract valuable materials from electronic devices and safely handle hazardous components. Advanced recycling technologies, such as mechanical processing, chemical leaching, and hydrometallurgical processes, are enabling more efficient and sustainable e-waste recycling. The adoption of such technologies enhances the capabilities and competitiveness of e-waste recycling and reuse service providers.

Circular Economy Initiatives: The transition towards a circular economy is gaining momentum in Korea, driving the demand for e-waste recycling and reuse services. The focus is shifting from a linear "take-make-dispose" model to a more sustainable approach that emphasizes recycling, refurbishment, and resource recovery. E-waste recycling and reuse play a vital role in the circular economy by extending the lifespan of electronic devices, reducing resource consumption, and minimizing waste generation.

Collaboration and Partnerships: Collaboration among stakeholders, including e-waste recycling companies, manufacturers, retailers, and government agencies, is essential for the effective management of e-waste. Partnerships between e-waste recycling and reuse service providers and other industry players help establish collection networks, improve logistical efficiency, and ensure the proper disposal and recycling of e-waste. Such collaborations strengthen the overall e-waste recycling ecosystem in Korea.
Highlights-Players
Major Players in e-Waste Recycling & Reuse Service market are:
Samsung
LG
DAEHEUNG M&T CO.,LTD
DM Korea Co., Ltd
IT Green Co., Ltd.
Comwin.co.kr
HPE
Dell
SK Ecoplant
Atlantix Global Systems
Others

Highlights-Types
Most important types of e-Waste Recycling & Reuse Service products covered in this report are:
Reuse
Recycling

Highlights-Application
Most widely Application of e-Waste Recycling & Reuse Service market covered in this report are:
Phone
Computer
Refrigerator
Other

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