UK battery recycling market is anticipated to grow at a CAGR 5.5% during the forecast period. The growth of UK battery recycling market is attributed to the rise in support from government bodies regarding the implementation of battery recycling processes. These mandates have been developed to overcome the pollution which is caused by improper battery disposal. The increasing use of batteries and their improper disposal have increased environmental concerns about pollution, which will boost the growth of the UK battery recycling market during the forecast period.
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Batteries are regulated in UK to tightly control their levels of mercury, cadmium and lead and assist their recycling through norms of clear labeling. These regulations ensures that on disposal batteries are properly treated and recycled, rather than being sent for buried or landfill, both of which are illegal. The placing of Batteries and Accumulators on the market Regulations 2008 and the Waste Batteries and Accumulators Regulations 2009 are the supporting legislation. All waste batteries are processed by an Approved Battery Treatment Operator (ABTO) or an Approved Battery Exporter (ABE) and producers needs to pay for their collection, treatment and recycling.
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Household batteries can be recycled in UK at council recycling sites as well as at some shops and shopping centres such as Dixons, Currys, The Link and PC World. In Great Britain an increasing number of shops such as Argos, Homebase, B&Q, Tesco, and Sainsbury'sare providing battery return boxes and cylinders for their customers. The major market players that are active in the market includes Accurec Recycling GMBH, Battery Solutions, Inc., Call2Recycle, Inc., COM2 Recycling Solutions, Exide Technologies, G & P batteries, Recupyl SAS, SAR Recycling, Umicore Group and uRecycle. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Research Methodology
The market study of the UK Battery Recycling market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
UK Battery Recycling Market Research and Analysis by Process
UK Battery Recycling Market Research and Analysis by Components
UK Battery Recycling Market Research and Analysis by Type
UK Battery Recycling Market Research and Analysis by End-User
The Report Covers
Comprehensive research methodology of the UK Battery Recycling market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the UK Battery Recycling market.
Insights about market determinants which are stimulating the UK Battery Recycling market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
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