NEW YORK, United States, May 03, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global E-Waste Management Market size & share was worth around USD 49,218.5 million in 2021 and is estimated to grow to about USD 1,07,465.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 13.9% over the forecast period 2022 to 2028.”
What is E-Waste Management? How big is the E-Waste Management Industry?
Report Overview:
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.
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
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- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 49,218.5 Million |
| Projected Market Size in 2028 | USD 1,07,465.9 Million |
| CAGR Growth Rate | 13.9% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | 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., Stena Metall AB., and Others |
| Key Segment | By Equipment Type, Method, Waste Source, Material, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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Global E-Waste Management Market: Dynamics
- Rising e-waste load in emerging economies boosts global e-waste management market
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.
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E-Waste Management Market: Segmentation Analysis
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.
E-Waste Management Market: COVID-19 Impact Analysis
On the economic aspect, the industry has experienced a positive growth trend, with the implementation of work-from-home regulations raising demand for mobile computing devices while decreasing the use of fixed computers and gadgets. As a result, enterprises have concentrated their efforts on repurposing existing systems in order to minimize operating costs, resulting in a significant opportunity for total market growth. As a result of this increasing likelihood, a growing number of businesses have begun to engage in e-waste management.
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Competitive Landscape
Some of the main competitors dominating the global 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.
- Stena Metall AB
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the E-Waste Management market is estimated to grow at a CAGR of around 13.9%.
- The E-Waste Management market was valued at around US$ 49,218.5 million in 2021 and is projected to hit US$ 1,07,465.9 million mark, by 2028.
- Based on waste source segment, the Consumer Electronics segment dominated the market in the forecast period.
- The widespread use of electronic gadgets in homes and businesses has fueled demand for consumer electronics.
- By Material, the metal segment accounted for the leading share in the market in the forecast period.
- On the basis of region, the Asia-Pacific region leads the e-waste management industry due to rising disposable income. Moreover, the region's e-waste management market will benefit from constant technological advancements and falling product costs.
Key questions answered in this report:
- What is the market size and growth rate forecast for E-Waste Management industry?
- What are the main driving factors propelling the E-Waste Management Market forward?
- What are the leading companies in the E-Waste Management Industry?
- What segments does the E-Waste Management Market cover?
- How can I receive a free copy of the E-Waste Management Market sample report and company profiles?
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Regional Dominance:
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.
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 worlds 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.
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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
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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