[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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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.
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.
Principal Consultant
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 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.
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.
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| 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. |
The E-Waste Management market is expected to reach a valuation of ~US$ 56.98 Bn in 2022.
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.
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.
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E-Waste Management Market
