The Global E-Waste Management Market Size is valued at 61.32 billion in 2022 and is predicted to reach 216.01 billion by the year 2031 at a 15.21% CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
- E-waste management market is being driven by shorter life spans of electronics and a lack of sources for precious metals.
- The market is mainly driven by strict rules put in place by states.
- Asia-Pacific led the market and brought in a lot of money around the world in 2023.
- The challenges for the e-waste management market include inadequate infrastructure, lack of specialized recycling plants, poor technical skills, and limited public awareness about the environmental impacts of e-waste.
E-waste is discarded electrical or electronic equipment. This includes both working and damaged items tossed in the waste or contributed to a charity merchant such as Goodwill. Increasing health risks, such as pneumonia, renal damage, and Wilson's disease, exacerbate the need for effective scrap management techniques. Additionally, the availability of precious metals such as gold, silver, platinum, and gallium makes electronic scrap recycling an appealing and realistic choice. These elements are expected to have a beneficial impact on market growth. Furthermore, the growing middle-income population in developing nations, combined with altering consumer preferences, is causing the quick replacement of older versions of electronic products with newer versions.
However, the COVID-19 pandemic had a wide-ranging impact on social lives, highlighting the interdependence of the world's environmental and community systems. The COVID-19 pandemic had a wide-ranging impact on social dynamism, emphasizing the interdependence of the world's ecological and assembly systems. Lockdowns and halts in industry and trade movements were implemented to prevent the spread of the virus across society, resulting in a fall in economic growth, mobility restrictions, and increased demand for digitization and quarantine in homes.
Competitive Landscape:
Some of the E-waste management market players are:
- Aurubis AG
- Boliden AB
- Capital Environment Holdings Limited (Hong Kong)
- Electronic RecyclersInternational, Inc.
- ENIRO-HUB HOLDINGS LTD.
- Enviro-Hub Holdings Ltd.
- Eri (U.S.)
- Global Electric Electronic Processing Inc.
- MBA Polymers, Inc.
- MRI E-Cycle Solutions
- Sembcorp Environmental Management (Singapore)
- Sims Lifecycle Services, Inc. (U.S.)
- SIMS Metal Management, Ltd.
- Stena Metall AB
- TES-AMM
- Tetronics International Ltd.
- Umicore Ag & Co. Kg
- Veolia
- WM Intellectual Property Holdings, L.L.C. (U.S.)
Market Segmentation:
The E-waste management market is segmented on the basis of recycler type, material recovery, and source type. Based on recycler type, the market is segmented as glass recycler, metal recycler, plastic recycler, and printed circuit board recycler. By material recovery, the market is segmented into metal, plastic, glass, and others. The source type segment includes household appliances, entertainment & consumer electronics, I.T. and telecommunication, and others.
Based On Material Recovery, The Metal Segment Is Accounted As A Major Contributor In The E-Waste Management Market
The metal category is expected to hold a major share of the global E-Waste Management Market in 2021. Components used in electronic and electrical products include metal rails, metal solders, and conductive metals. Metals are utilized in almost every component, printed circuit boards (PCBs), and microcontrollers; hence this segment is expected to increase the most during the projected period.
Entertainment & Consumer Electronics Segment Witnessed Growth At A Rapid Rate
The entertainment & consumer electronics segment is projected to grow at a rapid rate in the global E-waste management market. Household appliances, handheld electronic devices, I.T. accessories, I.T. equipment, and PCBs are all subcategories of consumer electronics. The widespread use of the aforementioned gadgets in the household and business sectors has been a major driver of consumer electronics demand.
In The Region, Asia Pacific E-Waste Management Market Holds A Significant Revenue Share
Asia Pacific E-waste management market is expected to register the highest market share in terms of revenue in the near future. Increasing disposable income in developed and developing nations, combined with an increased preference for electronic gadgets, is one of the primary development drivers for the region's industry. Furthermore, developed countries such as the United States and the United Kingdom export a considerable amount of e-waste to Asian countries, which is expected to bode well for the regional market throughout the projection period. Furthermore, due to the illegal dumping of e-waste from developed countries, as well as increased government legislation for systematic collection and recycling of electronic junk in the region, the Middle East and Africa region is predicted to register the highest CAGR throughout the forecast period.
Recent Developments:
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In Sept 2023, ERI constructed three ITAD and electronics recycling facilities in order to adapt to the changing demand. According to a news release, as part of the plan, the facility in Aurora, Colorado was shut down and its operations were relocated to a newly constructed, larger recycling facility that ERI had established earlier this year near Phoenix, Arizona.
E-Waste Management Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 61.32 Bn |
|
Revenue forecast in 2031 |
USD 216.01 Bn |
|
Growth rate CAGR |
CAGR of 15.21 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, Volume (Tons), and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Recycler Type, Material Recovery, And Source Type |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Aurubis AG, Electronic Recyclers International, Inc., SIMS Metal Management, Ltd., Umicore S.A., Boliden AB, MBA Polymers, Inc., Stena Metall AB, Enviro-Hub Holdings Ltd., Global Electric Electronic Processing Inc., and Tetronics International Ltd. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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