Exploding Demand Failing Infrastructure The Global Lithium-Ion Battery Recycling Crisis Explained
Lithium Ion battery recycling market was valued at USD 10.4 billion in 2023 and is projected to grow to USD 27.8 billion by 2030, with a compound annual growth rate (CAGR) of 15.6% from 2024 to 2030. Lithium-ion battery recycling technology is undergoing innovation, transforming the market to make the process more efficient and sustainable.
Pune, Maharashtra, India, 19th Jun 2025 – In 2024, lithium-ion battery recycling market continued to be a pressing issue, with a substantial percentage of end-of-life batteries remaining unrecycled. The global recycling rate for lithium-ion batteries reached approximately 59%, indicating that around 41% were not recycled and often ended up in landfills. This challenge is particularly pronounced in emerging markets like India, where the recycling infras...