Global E-Waste Management Market Share Is Likely To Grow At A CAGR Value Of Around 13.9% By 2028

18-Apr-2022 | Facts and Factors

Findings from the Facts and Factors state that the global e-waste management market was worth around USD 49,218 million in 2021 and is estimated to grow to about USD 1,07,465 million by 2028, with a compound annual growth rate (CAGR) of approximately 13.9% over the forecast period. The report analyzes the e-waste management market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the e-waste management market.

Rare and valuable metals identified in e-waste include silver, gold, palladium, platinum, indium, and gallium. These rare elements are frequently employed in consumer electronics as well as IT and communication systems. With the rapid urbanization and industrialization in developing and developed regions, the adoption of the latest technologies such as the Internet of Things (IoT) is growing the use of electronic devices in every human activity. Therefore, the use of electronic devices is expected to generate a significant amount of e-waste, thereby driving the market in the forecast period.

Browse the full “E-Waste Management Market By Equipment Type (Small Equipment, Large Equipment, Temperature Exchange Equipment, Screens, Small IT Equipment, Lamps), By Method (Recycling & Reuse, Dispose/Trash, Landfill, Incineration), By Waste Source (Household Appliances, IT & Telecom Equipment, Consumer Electronics (CE), Printed Circuit Boards (PCBs), Industrial Electronics (IE), Medical Equipment), By Material(Metals, Non-ferrous Metals, Ferrous Metals, Plastic & Resins, Other Materials), and By Region - Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” report at https://www.fnfresearch.com/e-waste-management-market

In addition, growing health hazards such as bronchitis, kidney damage, and Wilson’s disease, due to improper discharge of toxic materials from electronic scrap and incineration, are creating the need for efficient scrap management techniques, driving the need for e-waste management techniques in the coming years. The presence of precious metals such as gold, silver, platinum, and gallium in the electronic scrap recycling market makes it an attractive and feasible option. These factors are expected to positively influence market growth. The government across the globe is implementing numerous regulations and policies to effectively manage e-waste, boosting the demand for w-waste management in the coming years. Moreover, the increasing base of the middle-income population in developing economies and shifting consumer preferences in the up-gradation of older versions of an electronic product with a newer version is generating e-waste, which is driving the market in the forecast period.

The E-Waste Management Market is segregated based on Equipment Type, Method, Waste Source, and Material. Based on Equipment Type, the global market is distinguished into Small Equipment, Large Equipment, Temperature Exchange Equipment, Screens, Small IT Equipment, and Lamps. Based on Method, the global market is distinguished into Recycling & Reuse, Dispose/Trash, Landfill, and Incineration. Based on Waste Source, the global market is distinguished into Household Appliances, IT & Telecom Equipment, Consumer Electronics (CE), Printed Circuit Boards (PCBs), Industrial Electronics (IE), and Medical Equipment. Based on material, the global market is distinguished into Metals, Non-ferrous Metals, Ferrous Metals, Plastic & Resins, and Other Materials.

Asia-Pacific dominates the e-waste management market, due to factors like new product developments due to continuous technological advancement and constant decline in prices of electronic products. In addition, an increase in per capita income across many countries of the region has led to consuming upgraded versions of the products which ultimately increases e-waste in the region. The Middle East & Africa region is expected to grow at a rapid pace over the forecast period due to due to unlawful dumping of e-waste from developed countries and expanding government legislation for systematic collection and recycling of electronic junk in the region. 

North America is expected to grow at a considerable rate due to the rise in disposable income in developed and developing countries. In addition, the constant innovations and continuous decrease in the costs of electronic products will further boost the growth of the e-waste management market in the North American region during the forecast period.

Report Scope

Key players functioning in the E-Waste Management Market include Electronic Recyclers International, Inc. (ERI), Aurubis AG, Sims Metal Management Limited, Umicore, Boliden AB, Global Electric Electronic Processing Inc., TRIPLE M METAL LP, Tetronics (International) Limited, Enviro-Hub Holdings Ltd., and Stena Metall AB.

Recent Developments:

• In 2021, Aurubis announced the construction of a state-of-the-art recycling facility at its Beerse site in Belgium. The hydrometallurgical plant strengthens the company's core business and moves it closer to being the world's most efficient and sustainable integrated smelter network. The new method will allow for the extraction of more precious metals, including gold and silver, as well as tin, from anode sludge at a faster rate.

The global e-waste management market is segmented as follows:

By Equipment Type

• Small Equipment
• Large Equipment
• Temperature Exchange Equipment
• Screens
• Small IT Equipment
• Lamps

By Method

• Recycling & Reuse
• Dispose/Trash
• Landfill
• Incineration

By Waste Source

• Household Appliances
• IT & Telecom Equipment
• Consumer Electronics (CE)
• Printed Circuit Boards (PCBs)
• Industrial Electronics (IE)
• Medical Equipment

By Material

• Metals
• Non-ferrous Metals
• Ferrous Metals
• Plastic & Resins
• Other Materials

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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