Primary Battery Recycling Market to Record 7.56% Y-O-Y Growth Rate in 2021 |COREPILE – One of the Leading Companies, Recycles Alkaline Batteries & Reuses the Metals in Different Applications| Technavio

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NEW YORK, Jan. 4, 2022 /PRNewswire/ — Primary Battery Recycling Market Facts at a Glance-

Latest market research report titled Primary Battery Recycling Market has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

  • Total Pages: 120
  • Companies: 10+ – Including  Battery Solutions LLC, Call2Recycle Inc., COREPILE, Ecocycle, EnerSys, Exide Technologies, Gravita India Ltd., GRS Batteries Foundation, Johnson Controls International Plc, and Umicore, among others.
  • Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
  • Segments: Technology (alkaline, primary lithium, and others)
  • Geographies: Europe and ROW

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According to the recent market study by Technavio, the Primary Battery Recycling Market is expected to increase by USD 62.77 million from 2020 to 2025, with an accelerated CAGR of 8%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets. Europe will register the highest growth rate of 83% among the other regions. 

Download FREE Sample: for more additional information about the key countries in Europe

Vendor Insights with Key Offerings-

The Primary Battery Recycling Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

  • Battery Solutions LLC – The company provides battery recycling services for primary batteries.
  • Call2Recycle Inc. -The company recycles dry-cell single-use alkaline and primary lithium batteries weighing up to 11 lbs.
  • COREPILE –The company recycles alkaline batteries and reuses the metals in different applications.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

The Primary Battery Recycling Market share growth in Europe will be significant. Denmark, the UK, and France are the key markets for primary battery recycling in Europe. However, the market growth in this region will be slower than the growth of the market in ROW. The countries in Europe have high awareness toward the recycling of both primary and secondary batteries, which, in turn, will facilitate the primary battery recycling market’s growth in Europe during the forecast period

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Challenges-

  • Primary Battery Recycling Market Driver:
    • Self-sufficiency of raw materials:

The supply of critical raw materials for manufacturing batteries can be ensured by sourcing from other countries, developing domestic sourcing, or promoting the recycling of used/scrap batteries. The raw materials required for manufacturing primary batteries such as natural graphite, manganese, and nickel are highly concentrated in a few countries across the globe. Promoting the recycling of used batteries remains the best option for decreasing the dependency of countries with high battery consumption on other nations. Thus, self-sufficiency of raw materials is a key market driver. 

  • Primary Battery Recycling Market Challenge:
    • Logistical issues associated with battery recycling:

Recycling used batteries is a complex process compared with other alternatives, such as disposing of the battery after usage. The monitoring and collecting of used batteries are the initial steps in the entire battery recycling process. The key issue lies with the transportation of collected batteries to recycling centers. The metals and other minerals recovered from the recycling process do not yield high profits. Thus, the logistical issues associated with battery recycling impede the market growth.

Find additional information about various other market Drivers & challenges  mentioned in our FREE sample report

Related Reports –

Battery Market –The battery market has the potential to grow by USD 82.89 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 27.77%. Download a free sample now!

Recreational Vehicle Battery Market –The recreational vehicle (RV) battery market share is expected to increase by USD 203.02 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 16.24%. Download a free sample now!

Primary Battery Recycling Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 8.37%

Market growth 2021-2025

USD 62.77 million

Market structure

Fragmented

YoY growth (%)

7.56

Regional analysis

Europe and ROW

Performing market contribution

Europe at 83%

Key consumer countries

Denmark, UK, France, Canada, US, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Battery Solutions LLC, Call2Recycle Inc., COREPILE, Ecocycle, EnerSys, Exide Technologies, Gravita India Ltd., GRS Batteries Foundation, Johnson Controls International Plc, and Umicore

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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