[250 Pages Report] The E-Waste Management Market is likely to hold the global market at a moderate CAGR of ~13% during the forecast period. The global market holds a forecasted revenue of US$ 56.98 Billion in 2022 and is likely to cross US$ 193.42 Billion by the end of 2032.
The E-Waste Management Market is anticipated to show promising growth prospects during the forecast period, expanding the E-Waste Management market size.
Attribute
Details
The E-Waste Management Market Estimated Size (2021)
~US$ 54.78 Billion
The E-Waste Management Market Estimated Size (2022)
~US$ 56.98 Billion
The E-Waste Management Market Projected Size (2032)
~US$ 193.42 Billion
The E-Waste Management Market CAGR (2022 to 2032)
~13%
The demand for e-waste management is rising as manufacturers in the electronics sector attempt to create consumer electronics, electrical, and electronic products with shorter lifespans. Opportunities for producers in the e-waste management market are expanding due to the rising demand for upgrading to the most recent technology. Several market players are making significant efforts to recycle e-waste in order to lessen the environmental and pollution risks that would arise from this.
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Factors Supporting the E-Waste Management Market Growth
With fast rising product innovation, notably in household electronics and appliances like the switch from analogue to digital technologies, monitors, and flat-screen televisions, the e-waste management market is predicted to experience revenue growth. In the next four years, managing e-waste is expected to increase by over 33%, according to the UN. There are now more prospects for the e-waste management sector to flourish thanks to partnerships between top manufacturers like Dell, HP, and Cisco from Japan, China, and England and international groups like Solving the E-waste Problem (StEP). The market for e-waste management is projected to experience revenue development due to an increase in the number of refrigerator sets being discarded from domestic appliances.
The WEEE (waste electrical and electronic equipment) stream, which includes refrigerators, cell phones, laptops, and TVs, is thought to be one of Europe's fastest-growing streams. As WEEE is a combination of parts and materials, due to its hazardous nature, it causes issues with both the environment and human health. Electronic waste requires the EU to regulate e-waste disposal, which is anticipated to spur expansion of the European e-waste management sector.
Governments in China and India have made significant efforts to harvest and recycle metals that pose a harm to both people and the environment. The market expansion in North America is being driven by an increase in the number of electronic items with shorter lifecycles, such as smartphones, laptops, and PCs, which results in a higher volume of e-waste in the region.
E-waste production is rising as a result of the increasing number of electronic gadgets that require ongoing maintenance or become outdated. Additionally, the overall cost of replacing electrical gadgets is lower than that of fixing them. This has led to an increase in the desire to buy new items, which is supporting the e-waste management market's revenue growth.
Lack of Recycling Technologies in many Countries are Main Reasons for Loss of Valuable Resources and Pollution
The technology is helping in production of cheap and affordable appliances, and lifespan of electronic devices is decreasing day by day. As the new devices are relatively cheaper, people are preferring to purchase new devices instead of repairing older ones. People are also keeping up with newer trends in the market, and changing existing devices to the new ones periodically. This is leading to lots of e-waste production, and is causing pollution problems.
The chemical toxicity is increasing due to landfills and seepage of mercury and lead in environment, along with wasting resources as gold, copper, platinum, lithium and silver, which are used in making of parts and circuits. Such wastage might cause supply bottleneck of resources. These metals are recoverable, and there are ways to recycle them, but the recovery is being hampered by the lack of advancement in recycling technologies.
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Country Insights
United Efforts of Environmental Protection Agencies from different Countries are helping in Sustainable Waste Management.
Environmental Protection Agency (EPA) is an independent executive agency of United States Government, dealing with environment protection matters. The EPA works with environmental officials and government regarding e-waste management. The International E-waste Management Network (IEMN) has brought many environmental officials from Asia, Caribbean, Latin America, North America and Africa, and is co-ordinated by US EPA and Taiwan EPA. They are educating on e-waste management and developing new policies and strategies to achieve maximum management.
The EPR Policy is making Producers Dispose the Waste they are generating, ultimately Reducing Overall E-Waste Generation.
The Extended Producer Responsibility Policy is applied in number of countries and this policy is making producers to take responsibility of produced goods for its entire life cycle. The EPR is making the producers bear the social cost of e waste management, as they are producing the products for their profits. In this policy, manufacturers, importers, suppliers and retailers are referred as producers. The EPR has defined and regulated laws for management of e waste on the basis items and its disposal methods. This policy is helping in effective e waste management, as producers are taking back their products and recycling them for production of new products.
Competitive Landscape
Some key players in the E-Waste Management market are Aurubis AG, Umicore, Sims Metal Management Ltd., Boliden, Stena Metall Group, Tetronics, and electronic Recyclers International, Inc., Triple M Metal LP, Global Electric Electronic Processing and others.
These are likely to contribute most to the E-Waste Management Market during the forecast period.
The top e-waste management firm has achieved a significant milestone by collaborating with Audi to enhance battery recycling. The firms have completed the first stage of their intended research collaboration effectively, creating a closed loop for the components made up of reusable high-voltage batteries. Additionally, attempts are being made to add valuable materials to the raw materials bank, which is anticipated to improve the market for e-waste management's prospects for growth.
A significant achievement for e-waste management organization is the announcement of its EPEAT-compliant electronics manufacturer partners. The manufacturing affiliates of ERI have earned the EPEAT designation as true manufacturers in sustainability and circular economy. As a result of this achievement, the e-waste management industry is projected to enjoy attractive growth potential in the long run.
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Scope of Report
Attribute
Details
Growth Rate
CAGR of ~13% from 2022 to 2032
Base year for estimation
2021
Historical Data Available for
2017 to 2021
Forecast Period
2022 to 2032
Quantitative units
Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032
Report coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis
Segments covered
Application, Source, Material Type.
Country scope
USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa
Key Companies Profiled
Aurubis AG
Umicore
Sims Metal Management Ltd.
Boliden
Stena Metall Group
Tetronics
Electronic Recyclers International, Inc.
Triple M Metal LP
Global Electric Electronic Processing
Others
Customization scope
Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs.
Key Segments Profiled in the E-Waste Management Market
By Application:
Recycle
Disposal
By Source:
Office Equipment
Cell Phone Batteries and Button Cells
Medical Equipment & Materials
IT and Telecommunication Equipment
Electrical & Electronic Goods
Domestic Appliance
By Material Type:
Rhodium
Selenium
Germanium
Tellurium
Tantalum
Palladium
Gallium
Platinum
Silver
Gold
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Frequently Asked Questions
What is the current E-Waste Management market value?
The E-Waste Management market is expected to reach a valuation of ~US$ 56.98 Bn in 2022.
What are the key trends driving the E-Waste Management Market?
Increase in number of gadgets and trends of replacing existing one to latest ones are responsible for e-waste generation. Many organisations regulating the waste management and government policies regarding the same issue are driving the e-waste management market.
Who are the leading players in the E-Waste Management Market?
Leading players operating in E-Waste Management market, Stena Metall Group, Tetronics, Electronic Recyclers International, Inc., are Aurubis AG, Umicore, Sims Metal Management Ltd., Boliden, Triple M Metal LP, Global Electric Electronic Processing and among others.
