India’s E-Recycling Sector Growing At 13% CAGR; To reach $198.5 Million by 2032

New Delhi, Feb 20 (KNN) India’s e-recycling industry is poised for significant expansion, with projections indicating a compound annual growth rate (CAGR) of 13.52 per cent, reaching USD 198.52 million by 2032, according to India Ratings and Research (Ind-Ra).

The report highlights the growing demand for a robust reverse logistics network to streamline e-waste procurement and ensure efficient contract fulfilment.

It also emphasises the importance of technical expertise to maximize revenue from Extended Producer Responsibility (EPR) mandates, which hold manufacturers accountable for managing e-waste.

India currently ranks as the world’s third-largest e-waste producer, following China and the US. While nations like Switzerland, Sweden, and Norway lead in efficient e-waste recycling, India’s sector has long been dominated by unorganised players, resulting in improper disposal practices and environmental hazards.

However, the landscape is shifting. With over 569 authorised recyclers registered under the Central Pollution Control Board (CPCB), the industry now supports an annual recycling capacity of 1.79 million metric tonnes.

Stricter regulations and rising EPR fees are expected to phase out informal players, driving growth for organised recyclers.

“The dual revenue streams from high-margin EPR fees and the sale of ESG-positive extracted metals are set to formalize the historically fragmented e-waste sector,” said Abhash Sharma, Senior Director at Ind-Ra.

Despite these prospects, recyclers face challenges like working capital blockages and fluctuating profitability due to uneven EPR billings.

Strengthening reverse logistics and investing in research and development remain critical for long-term growth.

With enhanced compliance measures and a focus on environmental safety, India’s e-recycling sector is on a promising path toward sustainability and profitability.

(KNN Bureau)