E-waste is one of the fastest growing waste streams in the emerging as well as the developed regions. The reduced life spans of electrical, electronic, and consumer electronic devices are generating large e-waste, which is growing rapidly every year. The growth of e-waste market is supplemented by increase in need for upgrading to the latest technologies. A desire toward the adoption of new technologically advanced devices, leads to generation of millions of tons of e-waste across various regions.
Increase in government initiatives as well as e-waste collection zones across the globe are the factors expected to improve the e-waste management situation by 2027. This fuels the market growth. However, the growth of the global market is expected to increase as it is dependent upon the awareness about recycling programs in the developing countries and its related cost. Also, decrease in life span of electronic devices is anticipated to lead to disposal of usable electronic devices into e-waste. Thus, creating opportunities for e-waste recycling solutions, which in turn is expected to drive the growth of the market at a significant rate.
E-waste management initiatives are being taken by the government agencies of various regions to reduce the amount of e-waste generated across the world. Market players are taking measures to recycle the e-waste to reduce pollution and environmental hazards caused by e-waste. Millions of refrigerators, TV sets, and cell phones are replaced with newer versions due to growth in inclination toward technologically advanced gadgets among the end users. North America is a leading exporter of e-waste to the developing countries such as China and Japan. This exported e-waste is then recycled in developing regions, which generates revenue for the market.
The e-waste management market is segmented on the basis of processed material type, source type, application, and region. By processed material type, it is into categorized metal, plastic, glass, and others. By source type, it is classified into household appliances, industrial electronics, and consumer electronics. Depending on household appliances, the market is divided into refrigerator, washing machines, television, air conditioners, and others. By industrial electronics, it is bifurcated into IT & telecom equipment and medical equipment.
Depending on consumer electronics, the market is fragmented into handheld electronics, IT accessories, IT equipment, and PCBs. Further, by application, it is bifurcated into trashed and recycled. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market players operating in the e-waste management market include Waste Management Inc., Capital Environmental Holdings Ltd., and Electronic Recyclers International, Inc., Enviro-Hub Holdings Ltd. (Singapore), Sembcorp Industries Ltd., Veolia Environment S.A., Mri (Australia) Pty ltd., Tetronics (International) Limited, UMICORE SA and TES-AMM.
Increase in government initiatives as well as e-waste collection zones across the globe are the factors expected to improve the e-waste management situation by 2027. This fuels the market growth. However, the growth of the global market is expected to increase as it is dependent upon the awareness about recycling programs in the developing countries and its related cost. Also, decrease in life span of electronic devices is anticipated to lead to disposal of usable electronic devices into e-waste. Thus, creating opportunities for e-waste recycling solutions, which in turn is expected to drive the growth of the market at a significant rate.
E-waste management initiatives are being taken by the government agencies of various regions to reduce the amount of e-waste generated across the world. Market players are taking measures to recycle the e-waste to reduce pollution and environmental hazards caused by e-waste. Millions of refrigerators, TV sets, and cell phones are replaced with newer versions due to growth in inclination toward technologically advanced gadgets among the end users. North America is a leading exporter of e-waste to the developing countries such as China and Japan. This exported e-waste is then recycled in developing regions, which generates revenue for the market.
The e-waste management market is segmented on the basis of processed material type, source type, application, and region. By processed material type, it is into categorized metal, plastic, glass, and others. By source type, it is classified into household appliances, industrial electronics, and consumer electronics. Depending on household appliances, the market is divided into refrigerator, washing machines, television, air conditioners, and others. By industrial electronics, it is bifurcated into IT & telecom equipment and medical equipment.
Depending on consumer electronics, the market is fragmented into handheld electronics, IT accessories, IT equipment, and PCBs. Further, by application, it is bifurcated into trashed and recycled. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market players operating in the e-waste management market include Waste Management Inc., Capital Environmental Holdings Ltd., and Electronic Recyclers International, Inc., Enviro-Hub Holdings Ltd. (Singapore), Sembcorp Industries Ltd., Veolia Environment S.A., Mri (Australia) Pty ltd., Tetronics (International) Limited, UMICORE SA and TES-AMM.
Key benefits for stakeholders
- The study provides an in-depth analysis of the e-waste management market along with current trends and future estimations to elucidate imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of e-waste management market for the period 2020–2027 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Processed Material Type
- Metal
- Plastic
- Glass
- Others
By Source Type
- Household Appliances
- Refrigerator
- Washing Machines
- Television
- Air Conditioners
- Others
- Industrial Electronics
- IT & Telecom Equipment
- Medical Equipment
- Consumer Electronics
- Handheld Electronics
- IT Accessories
- IT Equipment
- PCBs
By Application
- Trashed
- Recycled
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Rest of Europe
KEY MARKET PLAYERS
- Waste Management Inc.
- Capital Environmental Holdings Ltd.
- Electronic Recyclers International, Inc.
- Enviro-Hub Holdings Ltd. (Singapore)
- Sembcorp Industries Ltd.
- Veolia Environment S.A.
- Mri (Australia) Pty ltd.
- Tetronics (International) Limited
- UMICORE SA
- TES-AMM
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: E-WASTE MANAGEMENT MARKET, BY PROCESSED MATERIAL TYPE
CHAPTER 5: E-WASTE MANAGEMENT MARKET, BY SOURCE TYPE
CHAPTER 6: E-WASTE MANAGEMENT MARKET, BY APPLICATION
CHAPTER 7: E-WASTE MANAGEMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, 'E-waste Management Market by Processed Material Type, Source Type, and Application: Opportunity Analysis and Industry Forecast, 2020-2027', the e-waste management market size was valued at $41.97 billion in 2019, and is projected to reach $102.62 billion by 2027, growing at a CAGR of 11.9% from 2020 to 2027. Furthermore, the e-waste management market generated volume of 51.66 million tons in 2019, and is projected to generate 74.72 million tons by 2027, growing at a CAGR of 4.8% from 2020 to 2027.The presence of both driving and limiting factors is expected to balance the growth of the market; therefore, the global e-waste management market is expected to experience moderate growth rate during the forecast period (2020-2027). The continuous decline in life span of electronic devices coupled with high rate of obsolescence are the factors anticipated to mark the growth of e-waste generation. This ultimately supports the market growth.
The problem of scarcity of precious metals used in electronic devices is expected to increase production of several electronic devices, making recycling of e-waste as essential. Therefore, the impact of driving forces is not expected to witness enormous change during the study period. The cost of e-waste processing methods and low awareness about hazardous effects of e-waste among the end users create adverse situations such as release of lead into the environment causes damage to human blood, kidneys, and central and peripheral nervous systems during the forecast period. .
The dynamics of the e-waste management market during the study period (2020-2027) depicts the dynamic prospect through 2027. The scarcity of precious metals is expected to create the need for recycling of electronic devices waste for the reuse of these metals in the future. In addition, the high rate of obsolescence of electronic devices including mobiles, computer, laptops and televisions increase e-waste leading to upsurge in recycling activities.
Despite expensive recycling methods, recycling is the most suitable option for e-waste management as it provides benefits such as extraction of precious metals and solves the problem of decreasing landfill areas. Moreover, government initiatives and increase in e-waste collection zones fuel the e-waste management market growth.
Developing countries lead in recycling the e-waste, as majority of the e-waste is exported to emerging countries by the developed countries. Amongst all sources of e-waste such as IT & telecommunication and consumer electronics, refrigerator sets from household appliances are discarded in highest number as compared to other appliances. The decrease in the life cycle of electronic products, such as computers, laptops, and cell phones generates large amount of electronic waste in the developed countries such as North America.
Key Findings of the Study
By processed material type, the metalsegment dominated the e-waste management market forecast. However, the plastic segment is expected to exhibit significant growth during the forecast period in the e-waste management industry.
Depending on source type, the household appliances industry generated the highest revenue in 2019. However, the industrial electronics sector is expected to witness a considerable growth in the near future.
Depending on application, the trashed industry generated the highest e-waste in 2019. However, the recycled sector is expected to witness a considerable growth in the near future.
Region wise, LAMEA is expected to witness significant growth in terms of CAGR in the coming years. Moreover, the Asia-Pacific market dominated the e-waste management market in 2019 in terms of revenue.
Some of the key market players profiled in the E-waste management market analysis include Aurubis AG, Boliden AB, Enviro-Hub Holdings Limited, Electronic Recyclers International Inc., LifeSpan Technology Recycling Inc., MBA Polymers Inc., SIMS Metal Management Limited, Stena Metall AB, Tetronics Limited, and Umicore SA. Major players operating in this market have witnessed significant adoption of strategies that include business expansion and partnership to reduce supply and demand gap. Further, these players are anticipated to invest more in R&D activities to provide compact and cost-effective solutions for numerous applications.
Companies Mentioned
- Waste Management Inc.
- Capital Environmental Holdings Ltd.
- Electronic Recyclers International Inc.
- Enviro-Hub Holdings Ltd. (Singapore)
- Sembcorp Industries Ltd.
- Veolia Environment S.A.
- Mri (Australia) Pty ltd.
- Tetronics (International) Limited
- UMICORE SA and TES-AMM.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
