Global E-Waste Management Market Overview 2023-2028
E-waste is generated from thrown-away and disregarded electrical and electronic equipment (EEE), including refrigerators, digital cameras, dryers, computers, kettles, electronic components, televisions, tablets, and washing machines. It encompasses numerous hazardous substances and valuable metals, such as gold, mercury, platinum, cadmium, gallium, lead, silver, beryllium, indium, etc. The concept of E-waste management pertains to a method encompassing recycling, discarding, reusing, and remarketing of cast-off electronic and electrical refuse to repurpose them into useful items. This procedure helps lessen waste materials, safeguard human and environmental well-being, preserve landfill space, reduce pollution, carbon emissions, and greenhouse gas (GHG) contributions, and prevent the exhaustion of natural resources.
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.
Global E-Waste Management Market Trends and Drivers:
The expanding electronics industry across the globe is among the key factors driving the e-waste management market. Moreover, several product innovations have escalated the demand for electronic devices, thereby increasing the disposal of old electronics, which is also stimulating the market growth. Besides this, the rising environmental consciousness among consumers, on account of the harmful impact of increasing waste volume, leading to unfavorable health hazards, is acting as another significant growth-inducing factor. Furthermore, various technological advancements, including the integration of machine learning (ML) and artificial intelligence (AI) to identify, sort, and categorize waste immediately, are further propelling the global market. Apart from this, the scarcity of precious metals, such as gold, platinum, silver, and indium, is facilitating the demand for e-waste management for making new devices from these reused components with reduced carbon footprint, which is positively influencing the market growth. Additionally, the growing expenditure capacities of the masses to afford premium-priced electronic devices and the launch of government initiatives to increase awareness regarding the proper disposal of these wastes are anticipated to fuel the e-waste management market over the forecasted period.
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 Region:
- 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
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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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