REDDING,
Calif., May 22, 2024 /PRNewswire/
-- According to a new market research report titled,
'E-waste Management Market by Method (Recycling, Dispose/Trash
(Landfill, Incineration)), Source (Household, Industrial, IT &
Telecom, Medical, Consumer), Material (Metal (Ferrous, Non
Ferrous), Plastic), Geography—Global Forecast to 2031'
the e-waste management market is expected to reach
$114.5 billion by 2031, at a CAGR of
8.3% from 2024 to 2031.
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Electronic Waste (e-waste) has become one of the most
significant challenges facing the world today. The rapid
advancement of technology has led to the generation of more
electronic devices, and with each new product comes a shorter
lifespan of older ones. E-waste refers to discarded electronic
items, including computers, smartphones, televisions,
refrigerators, and other electrical or electronic equipment, at the
end of their life cycle. These devices often contain hazardous
materials such as lead, cadmium, mercury, and other toxic chemicals
that are harmful to our environment and health if not disposed of
correctly.
E-waste management refers to the systematic handling,
collection, transportation, recycling, and disposal of e-waste in
an environmentally sustainable and socially responsible manner.
Proper e-waste management prevents the release of hazardous into
the environment, reducing soil, water, and air pollution. It helps
conserve natural resources by promoting the recycling and reuse of
valuable materials, such as metals, plastics, and rare earth
elements. The growth of this market is driven by the shortened
lifecycle of electronic devices, increasing e-waste generation,
stringent government regulations for e-waste management, and rising
awareness among consumers about improper e-waste disposal.
Additionally, the increasing government initiatives for e-waste
management and continued advancements in e-waste recycling
technologies are expected to create market growth opportunities.
However, illegal e-waste dumping may restrain the growth of this
market. The lack of a proper disposable/dumping system in ASEAN
markets is a major challenge for the players operating in this
market.
Additionally, the adoption of intelligent waste management and
the implementation of reverse logistics processes a key trends in
the e-waste Management market.
The e-waste management market is segmented by method, waste
source, materials, and geography. The study also evaluates
industry competitors and analyses the market at the regional and
country levels.
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Based on method, the global e-waste management market is
broadly segmented into recycling & reuse and dispose/trash. The
dispose/trash segment is further segmented into landfill and
incineration. In 2024, the recycling & reuse segment is
expected to account for the largest share of the global e-waste
management market. The large market share of this segment is
attributed to the increasing need to recover valuable materials,
such as metals (e.g., gold, silver, copper) and plastics for reuse
in the manufacturing of new products, increasing need to comply
with recycling targets and recycling standards, and growing need to
conserve natural resources, reduce energy consumption, and minimize
pollution compared to disposal methods, such as landfilling or
incineration. The segment is also projected to register the highest
CAGR during the forecast period.
Based on waste source, the global e-waste management
market is broadly segmented into household appliances, IT &
telecom equipment, consumer electronics (CE), industrial
electronics (IE), medical equipment, and other waste sources. In
2024, the consumer electronics (CE) segment is expected to account
for the largest share of the global e-waste management market.
However, the household appliances segment is projected to register
the highest CAGR during the forecast period due to the growing
consumer demand for household appliances due to rapid urbanization
and changing lifestyles, growing awareness about the environmental
impact of improper appliance disposal, including the release of
hazardous substances, and increasing disposal of old appliances to
upgrade to newer and more energy-efficient models.
Based on material, the global e-waste management market
is broadly segmented into metals, plastic & resins, and other
materials. The metals segment is further segmented into non-ferrous
metals and ferrous metals. In 2024, the metals segment is expected
to account for the largest share of the global e-waste management
market. The large market share of this segment is attributed to the
increasing demand for metals in various industries, including
electronics manufacturing, automotive, and construction, increasing
prices of metals, the growing need to reduce the environmental
footprint associated with metal production, the growing need to
recover valuable resources found in electronic waste (e-waste),
including gold, silver, copper, aluminum, and palladium.
However, the plastic & resins segment is projected to
register the highest CAGR during the forecast period.
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Based on geography, the global e-waste management
market is segmented into North
America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the
largest share of the global e-waste management market, followed by
Europe and North America. The region is also projected to
register the highest CAGR during the forecast period. The large
market share of Asia-Pacific is
mainly attributed to the proliferation of electronic devices such
as smartphones, computers, and household appliances, rising
concerns regarding depleting precious and rare earth metals, the
growing consumer electronics industry, growing implementation of
policies and initiatives to reduce the amount of e-waste and toxic
substances in the environment, increasing technological
advancements and innovation in the electronics industry, and
growing awareness and concern for environmental sustainability in
the APAC region.
The report also includes an extensive assessment of the key
growth strategies adopted by the leading market participants in the
last three to four years. The key players operating in the e-waste
management market are Electronic Recyclers International, Inc.
(ERI) (U.S.), Aurubis Ag (Germany), Sims Limited (U.S.), Umicore
(Belgium), Mangalam ECS
Environment Pvt. Ltd. (India),
Boliden Group (Sweden), Tetronics
Environmental Technology Company (U.K.), TRIPLE M METAL LP
(Canada) (A subsidiary of
Giampaolo Group Inc.), Enviro-Hub Holdings Ltd. (Singapore), Stena Metall Group (Sweden), Capital Environment Holdings Limited
(Hong Kong), AMP Robotics
Corporation (U.S.), Sembcorp Industries Ltd (Singapore), Tes Global Limited (U.K.), and
Veolia (France).
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Scope of the report:
E-waste Management Market Assessment—by
Method
- Recycling & Reuse
- Dispose/Trash
E-waste Management Market Assessment—by Waste
Source
- Household Appliances
- IT & Telecom Equipment
- Consumer Electronics (CE)
- Industrial Electronics (IE)
- Medical Equipment
- Other Waste Sources
E-waste Management Market Assessment—by
Material
- Metals
- Non-ferrous Metals
- Ferrous Metals
- Plastic & Resins
- Other Materials
E-waste Management Market Assessment—by
Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- South Africa
- UAE
- Kuwait
- Qatar
- Rest of Middle East &
Africa
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