Global E-Waste Management Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “E-Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global E-waste management market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global E-waste management market size reached US$ 63.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 132.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.84% during 2023-2028.
Electronic (E)-waste management involves the responsible handling and recycling of electronic waste, which includes outdated computers, smartphones, and various electronic devices. This practice contributes to a cleaner and healthier environment by recycling and safely disposing of electronic waste, thus preventing these devices from being dumped in landfills where they can release harmful substances and contaminate soil and groundwater. Additionally, E-waste management enables the recovery of valuable materials like metals, plastics, and rare earth elements. By doing so, it aids in the conservation of natural resources, reduces the need for extensive mining and manufacturing, and lessens the overall environmental impact of electronic production. Furthermore, E-waste management offers businesses a means to mitigate the risk of data breaches. Certified recycling facilities that adhere to strict data destruction protocols can securely handle electronic waste, ensuring the protection of sensitive information. This approach also extends the lifecycle of electronic devices through repair, refurbishment, and recycling, which results in reduced waste generation over time. As a result, the demand for E-waste management is on the rise worldwide.
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Global E-Waste Management Market Trends and Drivers:
Currently, the market is experiencing a surge in demand for smartphones, laptops, personal computers (PCs), smart wearables, and other consumer electronic products. This heightened consumer interest is a significant driving force behind the market’s positive growth trajectory. Furthermore, there is an increasing awareness of the necessity for secure electronic device disposal to safeguard against data breaches and protect sensitive information. This awareness is propelling market expansion. Additionally, the market is benefiting from technological advancements in e-waste recycling, which are enhancing efficiency and cost-effectiveness in the disposal process. Furthermore, the growing imperative to recover valuable resources like metals from electronic waste is creating attractive growth prospects for investors in the industry. Moreover, the market is witnessing a growing emphasis on environmentally friendly waste management methods, contributing to a positive market outlook. Regulatory bodies in numerous countries are implementing stringent waste management regulations aimed at reducing the carbon footprint in the environment. These authorities are also organizing educational campaigns to raise awareness about the importance of recycling electronic waste, further supporting market growth.
Global E-Waste Management Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Aurubis AG, Boliden AB, Desco Electronic Recyclers CC, Electronic Recyclers International Inc., MBA Polymers Inc., Sembcorp Industries, Sims Lifecycle Services Inc., Stena Metall AB, Tetronics Technologies Ltd., Umicore N.V., Veolia Environnement S.A. and WM Intellectual Property Holdings L.L.C
The report segmented the market on the basis of region, material type, source type and application.
Breakup by Material Type:
- Metal
- Plastic
- Glass
- Others
Breakup by Source Type:
- Consumer Electronics
- Industrial Electronics
- Others
Breakup by Application:
- Trashed
- Recycled
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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