Rising Government Initiatives to

Push the Global Battery Recycling

Market at 9.10% of CAGR by 2028
Triton Market Research presents the Global Battery Recycling Market report segmented by Application
(Consumer Electronics, Transportation, Industrial), by Chemistry (Lead Acid, Lithium-Ion, Nickel, Others),
by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa),
discussing Porter’s Five Force Analysis, Drivers, Restraints, Challenges, Vendor Scorecard, Global Market
Size, Forecasts & Analysis (2020-2028).

A Triton Market Research report depicts that the Global Battery Recycling Market is progressing at an
annual growth rate of 9.10% during the forecast period 2020-2028. Strict government rules and
regulations, increasing concern regarding the effects of battery disposal on the environment and the
increasing adoption of electric vehicles are driving the global battery recycling market. Key opportunities
like a high recycling gap between batteries, reduced lithium-ion batteries and subsidies provided to
encourage the technology must be leveraged to reach the projected market growth. However,
advancements in battery technologies are hampering the market growth. Moreover, safety concerns on
the storage and transportation of spent batteries are challenging the growth of battery recycling market.

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Battery recycling is defined as a process used to diminish the number of used batteries that are being
disposed off as municipal solid waste.
The Asia-Pacific is expected to be the fastest-growing region for the battery recycling market during the
forthcoming years. The automotive industry is the largest end-user segment of lead-acid batteries.
Substantial growth in this industry across Asian countries like Sri Lanka, India, Vietnam and Indonesia is
expected to increase the use of batteries, thereby pushing the market growth further. Moreover, due to
the high power & electricity consumption and other amenities, a rapid increase in the demand for lead-
acid batteries is likely to be witnessed, thereby increasing the scope of the battery recycling market in
the region.

On the other hand, Europe is anticipated to be the largest battery recycling market, contributing to the
highest revenue in the estimated period. The increasing government initiatives made owing to promote
battery recycling in the form of incentives or investments in European countries like France, Italy, Russia
and the United Kingdom are majorly driving the growth of the battery recycling market.

A few of the major companies in the global battery recycling market are Accurec Recycling GmbH, Aqua
Metals Inc, Recupyl, Recylex SA, Battery Solutions LLC, Call2Recycle Inc, Eco-Bat Technologies Ltd, The
Doe Run Company and UMICORE. Innovation can be a sustainable advantage to the companies in this
market as technological advancements can lead to efficient metal extraction. Since most of the
companies have a limited geopgraphical presence, the competitive rivalry is moderate.

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