20-May-2024 | Facts and Factors
Findings from the Facts and Factors state that the global e-waste management market was worth around USD 61.87 billion in 2023 and is estimated to grow to about USD 242.36 billion by 2032, with a compound annual growth rate (CAGR) of approximately 16.38% over the forecast period. The report analyzes the e-waste management market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the e-waste management market.
Rare and valuable metals identified in e-waste include silver, gold, palladium, platinum, indium, and gallium. These rare elements are frequently employed in consumer electronics as well as IT and communication systems. With the rapid urbanization and industrialization in developing and developed regions, the adoption of the latest technologies such as the Internet of Things (IoT) is growing the use of electronic devices in every human activity. Therefore, the use of electronic devices is expected to generate a significant amount of e-waste, thereby driving the market in the forecast period.
Browse the full “E-Waste Management Market Size, Share, Growth Analysis Report By Material Type (Metal, Plastic, Glass, and Others), By Application (Trashed and Recycled), By Source Type (Household Appliance, Consumer Electronics, Industrial Electronics, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032” report at https://www.fnfresearch.com/e-waste-management-market-report
In addition, growing health hazards such as bronchitis, kidney damage, and Wilson’s disease, due to improper discharge of toxic materials from electronic scrap and incineration, are creating the need for efficient scrap management techniques, driving the need for e-waste management techniques in the coming years. The presence of precious metals such as gold, silver, platinum, and gallium in the electronic scrap recycling market makes it an attractive and feasible option. These factors are expected to positively influence market growth. The government across the globe is implementing numerous regulations and policies to effectively manage e-waste, boosting the demand for w-waste management in the coming years. Moreover, the increasing base of the middle-income population in developing economies and shifting consumer preferences in the up-gradation of older versions of an electronic product with a newer version is generating e-waste, which is driving the market in the forecast period.
The E-Waste Management Market is segregated based on Equipment Type, Method, Waste Source, and Material. Based on Equipment Type, the global market is distinguished into Small Equipment, Large Equipment, Temperature Exchange Equipment, Screens, Small IT Equipment, and Lamps. Based on Method, the global market is distinguished into Recycling & Reuse, Dispose/Trash, Landfill, and Incineration. Based on Waste Source, the global market is distinguished into Household Appliances, IT & Telecom Equipment, Consumer Electronics (CE), Printed Circuit Boards (PCBs), Industrial Electronics (IE), and Medical Equipment. Based on material, the global market is distinguished into Metals, Non-ferrous Metals, Ferrous Metals, Plastic & Resins, and Other Materials.
Asia-Pacific dominates the e-waste management market, due to factors like new product developments due to continuous technological advancement and constant decline in prices of electronic products. In addition, an increase in per capita income across many countries of the region has led to consuming upgraded versions of the products which ultimately increases e-waste in the region. The Middle East & Africa region is expected to grow at a rapid pace over the forecast period due to due to unlawful dumping of e-waste from developed countries and expanding government legislation for systematic collection and recycling of electronic junk in the region.
North America is expected to grow at a considerable rate due to the rise in disposable income in developed and developing countries. In addition, the constant innovations and continuous decrease in the costs of electronic products will further boost the growth of the e-waste management market in the North American region during the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2023 |
USD 61.87 Billion |
Projected Market Size in 2032 |
USD 242.36 Billion |
CAGR Growth Rate |
16.38% CAGR |
Base Year |
2023 |
Forecast Years |
2024-2032 |
Key Market Players |
ERI, Aurubis AG, Boliden AB, Capital Environment Holdings Ltd., Cimelia Resource Recovery, CRT Recycling Ltd., Electronic Waste Management, Enviro-Hub Holdings Ltd., eolia, Global Electric Electronic Processing Inc., MBA Polymer Inc. , MBA Polymers Inc., MRI Pty Ltd., Sembcorp Environmental Management, Sims Lifecycle Services, Stena Metall AB., Tetronics (International) Limited, TRIPLE M METAL LP, Umicore, Waste Management Inc., and Others. |
Key Segment |
By Material Type, By Application, By Source Type, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Key players functioning in the E-Waste Management Market include ERI, Aurubis AG, Boliden AB, Capital Environment Holdings Ltd., Cimelia Resource Recovery, CRT Recycling Ltd., Electronic Waste Management, Enviro-Hub Holdings Ltd., eolia, Global Electric Electronic Processing Inc., MBA Polymer Inc. , MBA Polymers, Inc., MRI Pty Ltd., Sembcorp Environmental Management, Sims Lifecycle Services, Stena Metall AB., Tetronics (International) Limited, TRIPLE M METAL LP, Umicore, Waste Management, Inc., and others.
Recent Developments:
- In July 2023, ERI stepped up its commitment to sustainability by launching IT asset disposition and e-waste recycling services aimed at helping businesses achieve their Environmental, Social, and Governance (ESG) goals and support the circular economy.
- Earlier in 2022, ERI partnered with Call2Recycle and CellBlock FCS to debut OneDrum, an innovative solution for collecting and transporting large volumes of consumer batteries. This system streamlines the recycling process by eliminating the need for sorting batteries by chemistry or individually bagging battery terminals.
- In another initiative from 2022, ERI collaborated with Redrock Environmental Group to offer residents of Madera County a green solution for disposing of unwanted consumer electronics, thereby fostering community engagement in sustainable practices.
- Also in 2022, TES, a firm specializing in IT Asset Disposal and e-waste management, strategically divested its European trade operations focused on e-scrap recycling. This decision was made to better align with extended producer responsibility programs, enhancing its commitment to environmentally responsible recycling practices.
The global e-waste management market is segmented as follows:
By Material Type
- Metal
- Plastic
- Glass
- Others
By Application
By Source Type
- Household Appliance
- Consumer Electronics
- Industrial Electronics
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
A - 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com
