E-Waste Management Market Growth Opportunities and Forecast till 2030
The Global E-Waste Management Market accounted for US$ 52.1 Billion in 2021 and is expected to reach US$ 170.8 Billion by 2030 with a considerable CAGR of 14.6% during the forecast timeframe of 2022 to 2030.
Electronic waste, often known as e-waste, has increased tremendously in recent years due to the increased use of electronic and telecommunications technology products. Circuitry, battery power, and electrical components are found in computers, mobile phones, televisions, refrigerators, toasters, washing machines, digital cameras, tablets, dryers, home entertainment systems, stereo systems, and kettles. As a result, e-waste is on the rise, as is concern over its recycling and disposal. Due to the health hazards involved with the release of toxic elements into the environment, there is a greater need for effective e-waste treatment technologies. As a result, the market for e-waste management is expected to grow in the coming years.
Electrical and technological waste is becoming a major environmental concern. Its hazardous emissions mix with clean air and soil, inflicting direct and indirect impacts on the entire living organisms. The release of acids, dangerous substances such as carcinogenic chemicals, and heavy metals are examples of direct effects, whereas indirect consequences such as heavy metal biomagnifications are examples of indirect effects. Many private-sector businesses collect, disassemble, sort, and transport e-waste for recyclers.
E-Waste Management Market
E-Waste Management Market Size in 2021
US$ 52.1 Billion
E-Waste Management Market Forecast By 2030
US$ 170.8 Billion
E-Waste Management Market CAGR During 2022 – 2030
E-Waste Management Market Analysis Period
2018 - 2030
E-Waste Management Market Base Year
E-Waste Management Market Forecast Data
2022 - 2030
By Source, By Processed Material, By Application, and By Region
E-Waste Management Market Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled
Aurubis AG, Electronic Recyclers International, Inc. (ERI), Umicore N.V., Sims Metal Management Ltd, Stena Technoworld AB, MBA Polymers, Tetronics, Enviro-Hub Holdings Ltd., Boliden AB, and Global Electric Electronic Processing Inc.
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
E-Waste Management Market Dynamics
The rapid growth of the global electronic industry paints a positive picture for the market. The advents of new technologies and product advancements have resulted in an increase in the sale of electronic devices. This has assisted market expansion by encouraging the removal of obsolete gadgets. As a result of the negative impact of rising waste volume, which leads to major health risks, rising consumer awareness of environmental issues is positively supporting market growth. Furthermore, numerous technological advances, such as the direct integration of machine learning and deep learning to detect, classify, and categorize trash, are driving the market growth.
Furthermore, the limitation of precious metals such as gold, silver, platinum, and indium is boosting the demand for e-waste management in order to produce new goods with a smaller carbon footprint from recycled components. This, in turn, has a positive effect on market growth. Other factors, such as growing consumer purchasing power to purchase high-end electrical appliances and the deployment of several government initiatives to promote awareness about proper e-waste disposal, are likely to move the business forward.
E-Waste Management Market Insights
The global e-waste management industry is classified into four groups: processed material, application, source, and area. The section is organized around the processed material sector, which includes metal, glass, plastic, and other materials. According to our estimate, the plastic segment will also grow gradually during the forecast period, owing to the rising use of plastic in a variety of electric equipment such as food processors, kettles, laptops, lawnmowers, and telephones.
The source segment includes consumer electronics, industrial electronics, and other segments. According to the source, consumer electronics will be the leading contributor to the e-waste management industry in 2021. Consumer electronics include subcategories such as household appliances, IT equipment, IT accessories, handheld electronic devices, and PCBs. The industrial electronics division includes IT and communications equipment, as well as medical equipment. The application segment is further subdivided into recycling and disposal.
Global E-Waste Management Market Geographical Competition
North America is expected to achieve a sizable market share in the coming years. Due to the ongoing improvement of information and communication technologies, the region's e-waste has increased year after year. The North America e-waste management market expansion analysis looks at the United States and Canada. Due to a lack of effective management practices and regulatory regulation, the United States is recognized as a major generator of e-waste. Recycling legislation has been passed in several states. Furthermore, Canada is addressing the issue of lowering hazardous e-waste disposal and processing levels by boosting reusing, recycling, and recovery efforts. At the same time, it pushes manufacturers to invent and design environmentally friendly products. The majority of e-waste regulations in the country have been developed by the regional governments, with the federal govt playing a vital role in supporting harmonization among provinces.
Global E-Waste Management Industry Segment Analysis
E-Waste Management Market By Source
· Industrial Electronics
· Consumer Electronics
E-Waste Management Market By Processed Material
E-Waste Management Market By Application
E-Waste Management Market Leading Companies
This section of the study honors the market's top vendors Aurubis AG, Electronic Recyclers International, Inc. (ERI), Umicore N.V., Sims Metal Management Ltd, Stena Technoworld AB, MBA Polymers, Tetronics, Enviro-Hub Holdings Ltd., Boliden AB, and Global Electric Electronic Processing Inc. are the key companies mentioned in the research.
E-Waste Management Market Regional Overview
· Rest of Europe
· Rest of Latin America
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· South Africa
· Rest of Middle East & Africa