Robust demand of smartphones, tablets, laptops, refrigerators, cameras, and other home appliances are generating huge need of proper e-waste management. Rising count of the population suffering from kidney damage, pulmonary diseases, and respiratory infections due to incineration of electrical gadgets is boosting the market growth. Also, the introduction of advanced features to serve the customer needs is forcing the end-user to upgrade with newer gadgets. This is again supporting the growth of e-waste management. Moreover, increasing purchasing power along with growing tech-savvy population has generated huge demand for efficient e-waste management.
The latest report by Value Market Research expects the Global E-Waste Management Market to reach USD 26.6 billion by 2025. It was valued USD 18.9 billion in 2018. The report foresees a 5% CAGR from 2019 to 2025.
Trashed products emerged as the leading product segment.
In 2018, trashed products led the product segment. High penetration of advanced technology leading to rapid adoption of innovative electronic gadgets, replacing old gadgets with latest one is driving the segment growth. Also, shorter lifespan of technologies and higher repairing cost are again supporting the trashing of the electronic products.
Household appliances dominated the segment
By source, household appliances led the segment in 2018 by accounting highest market share. Increase in sales of refrigerators, cameras, air conditioners, home entertainment system, washing machines, and other consumer electronics is driving the segment growth. Also, the rising focus of manufacturers towards innovative, advanced, cost-effective consumer durable is further fueling the segment growth.
Asia Pacific led the market
On the basis of region, Asia Pacific dominated the market in 2018. Rising demand of smartphones, laptops, and other electronic devices is driving the market growth. Also, favorable initiates taken by governments of China and India on E-waste management, recycling, and extraction of metals hazardous for human and surrounding is again boosting regional the market growth.
Key players of the market
Major players of the market are Enviro-Hub Holdings Ltd., Sims Recycling Solutions, Umicore and others.
As per this study the Global E-Waste Management Market was valued USD 10.22 BN (by revenue) in 2022 and is anticipated to reach USD 49.18 BN by 2030 with a CAGR of 21.7%. Regarding volume, the market was calculated XX Million Tons in 2022 and forecast to touch XX Million Tons by 2030 with a CAGR of XX% during 2023-2030.
Electronic waste or e-waste refers to discarded electronic devices or components such as computers, mobile phones, refrigerators, cathode ray tubes and etc. that emits hazardous compounds when burned. This has led the need for proper e-waste disposal management. E-waste management refers to the process of recycling or disposing components like metals, glass, plastic and other nonmetal particles from junk electronic appliances.
Market Dynamics
The market is growing at a rapid scale owing to the growing demand of electronic appliances leading to the formation of huge amount of e-waste. Growing health hazards such as kidney problems, breathing and respiratory problems due to improper e-waste disposal is again propelling the market demand. Also, reduction of lifespan of electronic devices has created tremendous demand for proper e-waste management. Strict norms on e-waste management coupled with rising awareness regarding health hazards are again pushing the market growth uphill.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of e-waste management.
Market Segmentation
The broad e-waste management market has been sub-grouped into product and source. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Material Recovery
By Source Type
- Household Appliances
- Entertainment & Consumer Electronics
- IT & Telecommunication
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for e-waste management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global E-Waste Management Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the E-Waste Management market include Aurubis AG (Germany), Boliden AB (Sweden), MBA Polymers Inc. (California), Electronic Recyclers International Inc. (U.S.), Sims Metal Management Ltd. (Australia), Umicore S.A. (Belgium), Stena Technoworld AB (Sweden), Tetronics (International) Ltd, (U.K.), Enviro-Hub Holdings Ltd. (Singapore), and Global Electric Electronic Processing Inc. (Canada). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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