The Primary Battery Recycling Market will register a CAGR of close to 9% by 2022
NEW YORK, Dec. 24, 2018 /PRNewswire/ --
About this market
Manufacturers initiatives to promote battery recycling to help market grow. Battery manufacturers are significantly increasing their efforts to promote primary battery recycling. The initiatives are aims increasing the awareness and providing competent solutions to improve the consumer involvement. Technavio's analysts have predicted that the primary battery recycling market will register a CAGR of close to 9% by 2022.
Read the full report: https://www.reportlinker.com/p05666380
Market Overview
Self-sufficiency of raw materials
Raw materials used for manufacturing batteries is highly concentrated in few countries. therefore, promoting the recycling of used batteries remains the best option for decreasing the dependency of countries with high battery consumption on other nations.
Absence of regulations in Asian countries
The consumption of batteries in countries such as China, and India is very high. However, these countries do not have proper battery recycling infrastructure. This pose as major challenge to the market growth.
For the detailed list of factors that will drive and challenge the growth of the primary battery recycling market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including GRS Batterien and Retriev Technologies the competitive environment is quite intense. Factors such as the manufacturers initiatives to promote battery recycling and the self-sufficiency of raw materials, will provide considerable growth opportunities to primary battery recycling manufactures. BatteriForeningen, Call2Recycle, Corepile, GRS Batterien, and Retriev Technologies are some of the major companies covered in this report.
Read the full report: https://www.reportlinker.com/p05666380
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