Global E-Waste Management Market

E-Waste Management Market Size, Share, Growth Analysis, By Material Type (Glass Recycler, Metal Recycler,), By Material (Metal, Plastic), By Source (Industrial Electronics, Consumer Electronics), By Application (Disposal, Recycle), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20L2035 | Region: Global | Published Date: December, 2024
Pages: 254 | Tables: 151 | Figures: 78

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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Global 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. 'Aurubis AG ', 'Boliden Group ', 'Desco Electronic Recyclers ', 'EcoCentric ', 'ENVIRO-HUB HOLDINGS LTD. ', 'ERI ', 'Greentec ', 'Kuusakoski ', 'MRITECHNOLOGIES ', 'Namo eWaste Management Ltd. ', 'Sims Limited ', 'Stena Metall AB ', 'Tetronics Environmental Technology Company ', 'Umicore ', 'WM Intellectual Property Holdings, L.L.C.  ', 'Global Electric Electronic Processing Inc.  ', 'Tetronics International Ltd ', 'MBA Polymers, Inc ', 'Electronic Recyclers International, Inc ', 'Republic Services 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.

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Global E-Waste Management Market

Report ID: SQMIG20L2035

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