Latest Market Research Report 2025

The global  battery recycling market  is projected to reach a value of USD 17.08 billion by 2030, growing at a robust compound annual growth rate (CAGR) of 37.6% over the forecast period, according to a recent report by Grand View Research, Inc. This strong growth trajectory is largely driven by technological innovations that have significantly improved the efficiency and cost-effectiveness of battery recycling processes. The surging use of batteries in consumer electronics, particularly in smartphones and electric vehicles (EVs), has resulted in a substantial increase in the volume of end-of-life batteries. This growing pool of spent batteries presents vast opportunities for battery recycling companies, enabling them to reclaim valuable materials and reduce the environmental impact of battery disposal. One of the fastest-growing segments within the market is the industrial segment, which is expected to expe...

In 2023, the global battery recycling market was valued at approximately USD 1.83 billion, and it is projected to grow significantly with a compound annual growth rate (CAGR) of 37.6% from 2024 to 2030. This anticipated rapid growth is attributed to the rising adoption of electric vehicles (EVs) and the expansion of renewable energy storage systems, both of which contribute to a higher demand for batteries and subsequently increase the need for efficient recycling solutions. As battery usage surges, governments worldwide are introducing stringent regulations aimed at promoting battery recycling to mitigate environmental harm and reduce resource depletion, creating a favorable environment for market expansion. The United States emerged as the largest market within North America in 2023, fueled by a notable rise in electric vehicle sales, supported by federal initiatives and policies that encourage battery recycling and sustainable battery disposal. A key policy, the Responsible Battery ...

  The global battery recycling market was valued at approximately USD 1.83 billion in 2023 and is projected to experience remarkable growth, with an expected compound annual growth rate (CAGR) of 37.6% from 2024 to 2030. This rapid expansion can be attributed to the increasing popularity of electric vehicles (EVs) and renewable energy storage systems, which are generating a higher demand for batteries. Consequently, this surge in battery demand is driving the urgent need for effective recycling solutions. Additionally, governments worldwide are enacting regulations aimed at promoting battery recycling and minimizing environmental impact, which is anticipated to further enhance industry growth. In particular, the United States has emerged as a significant market for the recycling of lithium-ion (li-ion) batteries, bolstered by the presence of large-scale recycling facilities within the country. A notable example is Li-Cycle Corp., which recently inaugurated a new li-ion recycling fa...

  The global battery recycling market was valued at USD 1.83 billion in 2023 and is projected to grow at an impressive compound annual growth rate (CAGR) of 37.6% from 2024 to 2030. This rapid growth is driven primarily by the rising popularity of electric vehicles (EVs) and renewable energy storage systems, both of which have significantly increased the demand for batteries. As battery usage escalates, so too does the necessity for recycling to ensure sustainable and environmentally responsible disposal and reuse of valuable materials. Additionally, governments around the world are implementing stringent regulations aimed at promoting battery recycling and reducing the environmental impacts of improper disposal. These regulations are expected to further propel the market's expansion during the forecast period. In North America, the U.S. emerged as the largest market for battery recycling in 2023. The country’s growing EV market, bolstered by supportive federal policies, has been a...