배터리 재활용 시장 보고서 : 종류별, 공급원별, 용도별, 소재별, 지역별(2026-2034년)

The global battery recycling market size reached USD 18.0 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 32.9 Billion by 2034, exhibiting a growth rate (CAGR) of 6.74% during 2026-2034. Europe dominates the market, holding the largest battery recycling market share.

Market Size & Forecasts:

• Battery recycling market was valued at USD 18.0 Billion in 2025.
• The market is projected to reach USD 32.9 Billion by 2034, at a CAGR of 6.74% from 2026-2034.

Dominant Segments:

• Type: Lead-acid batteries account for the majority of the market share due to their extensive application and well-established recycling processes.
• Source: Industrial holds the largest share of the industry due to the bulk volume of batteries being consumed by the industries in their respective applications.
• Region: Europe is the largest geographical segment of the market, driven by strict environmental laws and regulations and solid policies for recycling.

Key Players:

• The leading companies in the market include Accurec Recycling GmbH, Aqua Metals, Battery Solutions, Call2Recycle Inc., Eco-Bat Technologies, Enersys, Exide Technologies, G. & P. Batteries Limited, Gravita India Limited, Johnson Controls, Retriev Technologies Inc., Umicore, etc.

Key Drivers of Market Growth:

• Eco Awareness: The increasing concerns about the ecological effects of discarded batteries and the accessibility of raw materials is propelling the move toward battery recycling to minimize waste and improve sustainability.
• Government Assistance: Governments globally are swiftly enacting policies and providing financial incentives to promote battery recycling initiatives, creating an eco-friendly supply chain for electric vehicles (EVs) and other battery-operated goods.
• Rising Need for EV Battery Recycling: The surge in popularity of EVs is catalyzing the demand for battery recycling to effectively handle the quantity of depleted batteries, ensuring a consistent supply of essential materials required for new battery production.
• Advancements in Technology: Recent innovations in recycling techniques, like improved methods for extracting valuable metals, are enhancing the efficiency and profitability of battery recycling processes.

Future Outlook:

• Strong Growth Outlook: The market for battery recycling is witnessing steady growth with the help of technological advancements, government support, and the increasing need for electric vehicles and other energy storage devices.
• Market Evolution: The industry is shifting towards broader application, with recycling activities scaling up worldwide to address the rising number of end-of-life batteries, thus creating a more sustainable and circular economy.

Battery Recycling Market Trends:

Growing Use of Electric Vehicles (EVs)

Growing use of electric vehicles (EVs) is the major factor driving the demand for battery recycling. As the total number of EVs on roads globally grows, so does the number of lithium-ion batteries facing their end of life. EV manufacturers try to extend battery life, but the inevitable need to dispose of and recycle batteries cannot be evaded. As a result, there is an urgent requirement for strong recycling infrastructure and technology to manage spent batteries. There is also a rise in the demand for recovered materials such as cobalt, lithium, and nickel, which are used to manufacture new batteries. As people and governments demand cleaner substitutes for fossil fuel, EVs are emerging as the focal point of the energy revolution worldwide, making efficient and scalable battery recycling technologies even more crucial to fuel this industry's growth. IMARC Group predicts that the global EV market is anticipated to reach USD 4,360 Billion by 2033.

Increase in Demand for Renewable Energy and Energy Storage Systems (ESS)

The growing use of renewable energy technologies like solar and wind power is driving the demand for energy storage systems (ESS), based on large-scale battery technology. With more energy storage systems being installed to deal with intermittent supply of energy, the lifespan of these batteries has become a major issue. As these storage batteries age and need replacement, their recycling becomes crucial to avoid environmental harm and ensure sustainable energy practices. The increasing adoption of ESS in residential, commercial, and industrial applications is directly translating to an increase in the demand for battery recycling, as used batteries from such systems must be recycled, with extracted materials like lithium and nickel reused in new systems, enabling a more circular energy economy. In 2025, BatX Energies Pvt. Ltd., a prominent lithium-ion battery recycling firm, launched its Critical Minerals Extraction facility (HUB-1) in Uttar Pradesh. This facility represents an important advancement in obtaining crucial materials like lithium, cobalt, nickel, and manganese from spent lithium-ion batteries. The facility seeks to meet the increasing demand for these essential minerals, crucial for India's burgeoning electric vehicle (EV) industry, while minimizing reliance on imports and bolstering the nation's Net Zero 2070 objective and AtmaNirbhar Bharat initiative.

Increasing Environmental Awareness and Sustainability Initiatives

Increased concerns over environmental damage and waste effects are encouraging governments and industries to pay greater attention to sustainable practices such as battery recycling, thereby expanding the global battery recycling market size 2025. The effect of the improper disposal of batteries, particularly lithium-ion batteries, on the environment is rising concerns because of the toxic materials involved. As the world recognizes further the necessity for conservation of resources and the minimization of wastage, recycling of batteries is emerging as a key part of the solution. Through recycling batteries, materials worth recovering can be recovered, lowering the demand for primary mining, whose impact on the environment is disastrous. With individuals and businesses becoming more environmentally conscious, the call for safe disposal and recycling of solutions is becoming more stringent, further facilitating the development of the battery recycling market. In 2025, India announced its plans to implement incentive programs this year to promote recycling of 24 identified essential minerals, including lithium and cobalt, crucial for the green energy transition. These minerals are classified as vital for India's plan to reach net zero greenhouse gas emissions by 2070. The government has set aside Rs.1,500 crore (US$ 174.07 million) for recycling projects, which is included in a larger Rs.16,300 crore (US$ 1.89 billion) investment in advancing the critical minerals sector.

Battery Recycling Market Growth Drivers:

Government Regulations and Policy Initiatives

Global governments are increasingly implementing regulations to tackle the heightened issues of waste management, specifically used batteries. Various nations are enacting or are planning to enact extended producer responsibility (EPR) laws, which require the producers to take up the responsibility of collecting and recycling their products at their end-of-life. Such laws have been introduced to curb the environmental footprint of batteries and to make sure that the vital materials are recovered for reuse. Furthermore, numerous governments are providing incentives and economic assistance for the development of recycling infrastructure, additionally driving the market. Such policies are providing a more organized and controlled setup for recycling operations, thereby increasing business confidence in investing in modern recycling technologies and practices.

Technological Developments in Recycling Processes

Progress in battery recycling technologies is considerably enhancing the efficiency and economics of recycling, which is supporting the market growth. Conventional recycling processes, including pyrometallurgical and hydrometallurgical methods, are being upgraded and streamlined to enhance the recovery rate and reduce environmental consequences. As an example, new technologies like direct recycling and mechanical processes are being created to maintain the structural integrity of battery materials to ensure a better extraction of valuable resources like lithium, cobalt, and nickel. These technologies are lowering the energy expenditure and environmental impact of battery recycling, and as a result, it is becoming an economically stronger and sustainable strategy for companies. As such technologies advance, the overall ability to recycle used batteries will increase.

Growing Awareness and Demand for Green Products

With growing awareness about the environment, demand for sustainably sourced and environment friendly products is rising. Shoppers are increasingly focusing on sustainability when making purchases, including buying products that are produced from recyclable materials or which promise longer product lifecycles. Moreover, manufacturers in many industries are gearing up to have their products, especially batteries, be recyclable or produced using recycled materials. This trend is directly driving the demand for more effective battery recycling methods, as producers want to fulfil the demand and regulatory standards. Increased demand for cleaner products is encouraging companies to make an investment in creating improved recycling behavior and technology. This trend not only is supporting the market growth in battery recycling but is also informing the wider debate regarding the efficiency of resources as well as environmental stewardship in the production of vehicles and electronic products.

Battery Recycling Market Segmentation:

Breakup by Type:

• Lead-acid Batteries
• Nickel-based Batteries
• Lithium-based Batteries
• Others

Lead-acid batteries accounts for the majority of the market share

The largest type in the market is represented by lead-acid batteries, due to their extensive application and well-established recycling processes. Major applications include automotive such as starting, lighting, and ignition batteries. Besides applications, they are utilized for backup power supply in telecommunication and other critical infrastructures. According to the battery recycling market insights, the recycling rate for these batteries runs high, mainly due to economic and environmental motivations. It is economically viable to recycle lead-acid batteries since a large quantity of lead can be recovered from them, and the market value is substantial. This process is also cost-effective since infrastructures for recycling are already available, and, compared to other options for battery disposal, it is relatively easy. Thus, diverse regulatory frameworks worldwide mandate the recycling of these batteries to prevent lead contamination. Furthermore, advancements in recycling technology are enhancing the recovery rate of lead while minimizing the environmental impact of the process. Consequently, higher battery recycling demand, coupled with economic feasibility, established infrastructure, and robust regulatory support, solidifies lead-acid batteries as the dominant segment in the market.

Breakup by Source:

• Industrial
• Automotive
• Consumer Products
• Electronic Appliances
• Others

Industrial holds the largest share of the industry

The industrial segment accounted for the largest share of the source segment of the market due to the bulk volume of batteries being consumed by the industries in their respective applications. It caters to manufacturing industries, telecommunication industries, energy storage systems, and uninterruptible power supply units that require large-scale battery deployments to ensure operational efficiency and reliability. According to the battery recycling market dynamics, the rate of turnover of industrial batteries, especially lead-acid and lithium-ion types is becoming high due to the intensive usage and a comparatively shorter lifecycle is propelling the market. There is, therefore, an accumulation of huge spent batteries waiting in line for recycling. Their recycling is imperative for saving the environment and resource recovery since they contain critical materials, among them lead, nickel, cobalt, and lithium. In addition, regulatory requirements for proper disposal and recycling of industrial batteries to prevent environmental contamination and to provide safe handling of hazardous materials are driving the demand. Moreover, the value of recovered materials from industrial batteries itself provides impetus to the recycling industry by attracting investments in advanced technologies and infrastructure. Thus, the large volume contribution by the industrial segment and the critical need for sustainable disposal solutions ensure the dominance of this segment in the market.

Breakup by End-Use:

• Reuse
• Repackaging
• Extraction
• Others

Breakup by Material:

• Manganese
• Iron
• Lithium
• Nickel
• Cobalt
• Lead
• Aluminium
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Europe leads the market, accounting for the largest battery recycling market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe represents the largest regional market for battery recycling.

Europe is the largest geographical segment of the market, driven by strict environmental laws and regulations and solid policies for recycling. The European Union is adopting broad-ranging directives relating to the correct collection, treatment, and recycling of batteries to minimize their impact on the environment and also to ensure resource efficiency. These regulations enforce strict compliance from manufacturers and consumers, thereby significantly improving the recycling rates of batteries across the region. In addition, the commitment of Europe to sustainable development and circular economy policies is further fueling the market. Another driver of investment in recycling is the regional agenda to reduce dependence on raw material imports through the recovery of valuable materials including lithium, cobalt, and nickel from spent batteries. In addition, the increasing electric vehicle adoption in Europe is resulting in significant demand for battery recycling. Moreover, the battery recycling market outlook indicates that the implementation of various regulatory frameworks, technology advancements, and sustainability initiatives supports the European region to remain the largest as well as the most dynamic in the market.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the battery recycling industry include:

• Accurec Recycling GmbH
• Aqua Metals
• Battery Solutions
• Call2Recycle Inc.
• Eco-Bat Technologies
• Enersys
• Exide Technologies
• G. & P. Batteries Limited
• Gravita India Limited
• Johnson Controls
• Retriev Technologies Inc.
• Umicore

Key players in the market are investing in new, state-of-the-art recycling technologies and increasing operational capacity to meet the growing demand for sustainable ways of disposal of batteries. Companies such as Umicore, Johnson Controls, and Battery Solutions are developing their recycling techniques further by innovating hydrometallurgy and pyrometallurgy to achieve better source recovery rates with less environmental harm. Some strategic partnerships and collaborations help firms leverage combined expertise and resources to offer the best in their recycling operations and market reach. Furthermore, such companies are adhering to regulatory requirements and set sustainability goals by forcing environmentally friendly practices of international standards. Programs relating to raising consumer awareness and consumer participation in battery recycling programs further raise their market presence. The battery recycling market overview suggests that technology innovations, strategic collaborations, and strong commitments to environmental stewardship by key stakeholders are further driving the market forward.

Key Questions Answered in This Report

• 1.How big is the battery recycling market?
• 2.What is the expected growth rate of the global battery recycling market during 2026-2034?
• 3.What are the key factors driving the global battery recycling market?
• 4.What has been the impact of COVID-19 on the global battery recycling market?
• 5.What is the breakup of the global battery recycling market based on the type?
• 6.What is the breakup of the global battery recycling market based on the source?
• 7.What are the key regions in the global battery recycling market?
• 8.Who are the key players/companies in the global battery recycling market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Battery Recycling Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Lead-acid Batteries
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Nickel-based Batteries
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Lithium-based Batteries
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Others
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast

7 Market Breakup by Source

• 7.1 Industrial
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Automotive
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Consumer Products
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Electronic Appliances
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by End-Use

• 8.1 Reuse
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Repackaging
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Extraction
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Others
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Material

• 9.1 Manganese
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Iron
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Lithium
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Nickel
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Cobalt
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast
• 9.6 Lead
  • 9.6.1 Market Trends
  • 9.6.2 Market Forecast
• 9.7 Aluminium
  • 9.7.1 Market Trends
  • 9.7.2 Market Forecast
• 9.8 Others
  • 9.8.1 Market Trends
  • 9.8.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Indicators

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 Accurec Recycling GmbH
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
    • 15.3.1.3 Financials
  • 15.3.2 Aqua Metals
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
  • 15.3.3 Battery Solutions
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
  • 15.3.4 Call2Recycle Inc.
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
  • 15.3.5 Eco-Bat Technologies
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
    • 15.3.5.3 Financials
  • 15.3.6 Enersys
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
  • 15.3.7 Exide Technologies
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.4 SWOT Analysis
  • 15.3.8 G. & P. Batteries Limited
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
    • 15.3.8.3 Financials
  • 15.3.9 Gravita India Limited
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
  • 15.3.10 Johnson Controls
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
    • 15.3.10.3 Financials
  • 15.3.11 Retriev Technologies Inc.
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
  • 15.3.12 Umicore
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio
    • 15.3.12.3 Financials
    • 15.3.12.4 SWOT Analysis