USD 49.29 million
E-Waste Management Market Size, Share, Growth Analysis, By Material Type(Rhodium, Selenium, Germanium, Tellurium), By Processed Material(Metal, Plastic, Glass, others), By Source(Industrial Electronics, Consumer Electronics), By Application(Disposal, Recycle), By Recycler type(Glass Recycler, Metal Recycler, Plastic Recycler, Printed Circuit Board Recycler), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20L2035 |
Region:
Global |
Published Date: February, 2024
Pages:
254
|Tables:
151
|Figures:
78
E-Waste Management Market Insights
E-Waste Management Market size was valued at USD 57.80 billion in 2022 and is poised to grow from USD 66.87 billion in 2023 to USD 214.75 billion by 2031, growing at a CAGR of 15.7% in the forecast period (2024-2031).
Electronic and electrical equipment recycling, resale, reuse, and disposal are referred to as e-waste management. Special and precious metals like silver, gold, palladium, platinum, indium, and gallium are found in e-waste. Consumer electronics, IT, and communication gadgets are all produced using these rare elements. Because these metals are rare, the cost of their goods is similarly high. This has made it more important than ever to reuse, repair, and recycle metal-based equipment. As a result, these problems undoubtedly push producers of electronic goods to seek out raw materials from recovered e-waste. This helps countries minimise greenhouse gas emissions, which will undoubtedly lessen the risks associated with global warming. The nature of electrical gadgets means that they occasionally need to be repaired or become outdated. This is a significant factor in the production of e-waste. An electrical item can be replaced for less money than it can be repaired. As a result, it has been noticed that the desire to buy new products rather than fixing them is growing. The growing threat to human health posed by improper disposal of toxic waste from electronic scrap and incineration, including bronchitis, kidney damage, and Wilson's disease, is driving up the demand for effective scrap management strategies. These factors stand to have a favourable impact on market expansion.
US E-Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Disposal
Fastest Growth
Recycle
Growth Rate
3.3% CAGR
Global E-waste Management Market, 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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E-Waste Management Market Segmental Analysis
Global E-Waste Management Market is segmented based on the material type, processed material, source, recycler type, application and region. According to material type, the market of e-waste management is segmented into rhodium, selenium, germanium, tellurium, tantalum, palladium, gallium, platinum, silver and gold. Based on processed material, global E-waste management market is segmented into metals, plastic, glass and others. Based on source, the market is bifurcated into industrial electronics and consumer electronics. On the basis of recycler type, it is divided into glass recycler, metal recycler, plastic recycler, printed circuit board recycler. According to application, E-Waste Management Market is segmented into disposal and recycle. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
E-Waste Management Market Analysis by Processed Material
The metal segment held largest market share of the global E-Waste management market during 2021 and is expected to maintain its position during the forecast period. Metal tracks, metal solders, and conductive metals are used in the components of electronic and electrical products. As the volume of electronic trash has increased over the past decade as a result of revolutionary changes in the electric and electronic sector, incineration and recycling of these materials have gained significant popularity. Additionally, due to the rise in health hazards including kidney damage, bronchitis, and other problems, the demand for appropriate scrap management processes has increased due to the lack of hazardous waste discharge from incineration and scrap. Over the projected period, the above mentioned factors are expected to support segment expansion in the global market.
The plastics segment is anticipated to grow at a high CAGR during the forecast period. This can be attributed to an increase in the use of plastic in a variety of electric appliances, such as food processors, laptops, kettles, lawn mowers, and telephones. Despite numerous technological advancements, the inclusion of flame retardants significantly hinders the recycling of plastic from electronic waste. One of the key factors fueling the expansion of the plastic category in the global e-waste management market is the expanding development of e-waste management programmes, particularly in developing nations.
E-Waste Management Market Analysis by Application
The disposal segment held the largest market share in 2021 owing to the dearth of knowledge about how damaging e-waste is to the environment. Additionally, the absence of information on properly disposed of, collected, and recycled e-waste suggests that it is managed outside of the permitted collection system. There are three methods for disposal of electronic waste: landfilling, reusing, and burning. However, it has been found that both landfilling and incineration significantly harm the environment and human health. Reuse, on the other hand, is an affordable and sustainable way to lower the production of electronic waste globally.
Recycle segment is expected to grow at a high CAGR during the forecast period. This is because of initiatives for raising awareness about the efficient collection, treatment, and recycling of e-waste are being carried out by a number of governments and non-governmental organizations (NGOs). Additionally, organizations like Microsoft, Dell, HP, and Panasonic Corporation have already launched projects in collaboration with recycling firms to set up significant take-back programmes for the recycling or reuse of outdated technology.
Global E-waste Management Market By Application Type, 2021 (%)
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E-Waste Management Market Regional Insights
Asia‑Pacific dominated the global E-waste management market in 2021 and is expected to grow substantially during the forecast period. The region's e-waste management market will continue to expand over the projected period as a result of ongoing developments and a steady decline in the prices of electronic goods. Furthermore, the combination of rising disposable income in established and developing economies with the rising adoption of electronic devices is also driving the market in the region. Additionally, industrialised nations like the U.S. and the U.K. export a sizable portion of the e-waste they produce to Asian nations, which is anticipated to bode well for the regional market throughout the course of the projection year.
MEA region is expected to show a high growth rate for the market during the forecast period. The reason for this can be attributed to the region's increasing governmental legislation for the orderly collection and recycling of electronic debris in addition to the illicit dumping of e-waste from industrialised countries.
Global E-waste Management Market By Geography, 2022-2028
- Largest
- Fastest
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E-Waste Management Market Dynamics
E-Waste Management Market Driver
- Decreasing lifespan of electronic devices is fueling the growth of the e-waste management market. Lack of precious metals, which makes recycling of e-waste essential and the high rate of obsolescence, which is producing a massive amount of e-waste are also surging market growth.
- Newer versions of electronic products are replacing older ones quickly in developing nations due to the expanding middle-class population and changing consumer tastes. The sales of electronic devices are consequently increasing. Additionally, in order to properly handle electronic equipment at the end of their useful lives, electronic device manufacturers adhere to sustainable disposal standards, such as take-back policies. During the projected period, these elements are anticipated to benefit the market.
E-Waste Management Market Restraint
- High recycling costs that limit e-waste management and a lack of adequate garbage collection zones are some of the reasons that could impede market expansion in the upcoming years. The presence of precious materials, highly contaminated & toxic compounds, transportation costs, sorting costs, crumbling infrastructure, and inadequate funding for e-waste management are the main factors increasing the cost of recycling e-waste. The materials used in e-devices, including as iron, aluminium, copper, lead, nickel, tin, and plastics, are the hardest to recycle because to their low reclamation value and high labour costs. This is in addition to the fact that there are such significant differences in e-waste management techniques. Due to these reasons, recycling e-waste costs roughly ten times as much as disposing of it which is acting as an obstacle to market growth.
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E-Waste Management Market Competitive Landscape
Global E-Waste Management Market share is reasonably consolidated and competitive with the existence of regional and multinational businesses. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Many businesses are putting an emphasis on organic growth initiatives, including new launches, product approvals, and others like patents and events. Major Players include Umicore SA, Boliden AB, Aurubis AG, SIMS Limited and Enviro-Hub Holdings Ltd. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
E-Waste Management Market Top Player's Company Profiles
- LifeSpan Technology Recycling Inc
- Aurubis AG
- Boliden AB
- Sims Metal Management Ltd.
- Umicore SA
- MBA Polymers, Inc.
- Stena Metall AB
- Global Electric Electronic Processing Inc. (GEEP)
- CRT Recycling, Inc.
- Electronic Recyclers International, Inc.
- Cimelia Resource Recovery Pte Ltd.
- Enviro-Hub Holdings Ltd.
- Waste Management, Inc.
- Veolia Environnement S.A.
- TES-AMM Pte Ltd.
- BlueOak Resources, Inc.
- E-Parisaraa Pvt. Ltd.
- E-waste Systems, Inc.
- COM2 Recycling Solutions
- American Retroworks Inc.
E-Waste Management Market Recent Developments
- In May 2022, Attero, a company with its headquarters in Noida (India) that recycles all kinds of used lithium-ion batteries, announced plans to grow its operations in the European, American, and Indonesian sectors in order to increase its global presence. The UNFCCC has given Attero the go-ahead to safely reduce carbon emissions by recycling e-waste and Lithium-Ion trash while also generating carbon credits for each tonne of recycled garbage.
- In February 2022, Construction company SK ecoplant in South Korea purchased eWaste & IT Asset Disposal (ITAD) company TES. The Singapore-based sustainable technology lifecycle solutions company signed a contract to be fully acquired by the construction division of the South Korean conglomerate SK Group for about $1 billion. The acquisition, according to SK ecoplant, will allow it to broaden its waste management offerings and get the business closer to a zero-waste goal.
E-Waste Management Key Market Trends
- The use of reprocessed metals from electronics including mobile phones, computers, gaming consoles, and graphics cards as an alternative to mined resources has become popular among jewellery brands of all sizes. Because they are effective electrical conductors and frequently exhibit corrosion resistance, gold and other precious metals are utilised in electronics. Mining, which can be bad for the environment, can be lessened through recycling. Given that obsolete electronics already contain 7% of the world's gold, it is obvious why more jewellery companies are beginning to view e-waste as a valuable resource.
E-Waste Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global E-Waste Management Market analysis, the volume of e-waste grows every year as a result of increased sales of electrical and electronic gadgets as well as reluctance to repair broken equipment. With an increase in e-waste, the need for its recycling to recover valuable metals, plastics, and other materials has increased due to the significance of the valuable substances found in some electronic components. Another significant reason driving its demand globally is stricter regulation of e-waste recycling.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 57.80 billion |
| Market size value in 2031 | USD 214.75 billion |
| Growth Rate | 15.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on E-Waste Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on E-Waste Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the E-Waste Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the E-Waste Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the E-Waste Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the E-Waste Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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