Lithium-Ion Battery Recycling Market Growth

The global lithium-ion battery recycling market is projected to reach USD 14.08 billion by 2028, driven by the increasing demand for lithium-ion batteries and the need to reduce electronic waste. The market is expected to dominate the worldwide battery recycling market due to the high demand for lithium-ion batteries and its advantages, but faces challenges such as high cost and issues with supply chain and low yield associated with battery recycling. The report highlights the importance of environmental sustainability and government regulations for promoting lithium-ion battery recycling.