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 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.