The Battery Recycling Market is anticipated to increase by USD 11.35 billion with a compound annual growth rate of 11.53% from 2023 to 2028. A primary contributor to this rise is the growing disparity in the supply and demand for lithium, a fundamental resource in battery production. Government legislation promoting battery recycling is also helping push the market forward, while rapid urbanization in emerging economies is creating a greater need for sustainable energy storage solutions. As per Technavio's report, these converging factors underscore the battery recycling market's potential as an essential component of the green energy movement.

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