Battery Recycling Market Witnessing High Growth By Key Players | Outlook To 2030
Battery Recycling Market Analysis: Battery Recycling Market is projected to be worth USD 34.77 billion by 2030, registering a CAGR of 5.35% during the forecast period (2022 - 2030). MRFR’s report on the battery recycling market highlights trends and opportunities for companies looking to cut costs and pursue sustainable production methods during the forecast period (2020-2027). The COVID-19 pandemic and its implications are explored in depth in the market. Market Scope The global battery recycling market is fueled by efforts made by governments in curing emission levels and reducing reliance on fossil fuels as a energy source. Stringent government regulations over disposal of batteries, dipping prices of batteries, and establishment of recycling units can propel market growth. Shift to electric vehicles and inclination towards lithium-ion batteries can augur favorably for the market. But fluctuating prices of raw materials may hamper market growth. Request Sample Report