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

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).

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. '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.'

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.

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.

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.