Battery Recycling Market to Witness an Outstanding Growth by 2026
The global battery recycling market was valued at around US$ 10 Bn in 2017 and is anticipated to expand at a CAGR of nearly 11% from 2018 to 2026, according to a new report by Transparency Market Research (TMR) titled ‘ Battery Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Battery recycling prevents used batteries from ending up in municipal wastes and landfills. It enables the reuse of battery materials. Almost every type of battery such as household batteries, laptop batteries, mobile phone batteries, power tool batteries, and car batteries can be recycled. Batteries are manufactured from hazardous metals and heavy metals such as lead, mercury, nickel, zinc, and cadmium. These metals may leach into the soil if not disposed properly, thus contaminating the soil and polluting underwater and surface water sources. Battery recycling ensures the continuous flow of hazardous materials and prevents them from enter...