E-waste management refers to the process of disposing and managing electronic waste such as old computer systems, phones, televisions and others. The main element associated with e-waste management is collection, transportation, recycling, refurbishing and disposal of electronic waste in an environmental-friendly manner. In addition, the main purpose behind e-waste management is to reduce the impact of e-waste on the environment and human health. Furthermore, the efficient management of e-waste helps in the recovery of critical products from e-waste such as copper, silver and gold to create new products.
There are different types of e-waste such as IT and telecommunication equipment, consumer electronics, electrical and electronic tools, toy leisure, and sport equipment, medical devices, monitoring and control instruments, automatic dispensers and solar panels. Furthermore, there are different approaches to e-waste management such as reducing e-waste by encouraging people to buy lesser electronics and use their devices for a longer period and later replacing them; reusing and refurbishing the electronic devices to extend the life of the devices; recycling e-waste to break down electronic devices into component parts so that they can be reused in production of new electronic device or they can be disposed-off safely without harming the environment, and others. Hence e-waste management has various important approaches and effects to support the technological world.
The key factors that are driving the growth of e-waste management market are reducing life span of electronic devices, and scarcity of sources of precious metals. Rise in manufacturing of electronic devices is urging buyers to buy electronic products with more additional features and better quality, thus reducing the lifespan of old devices. In addition, the increase in the purchasing power of the people is another major reason that is forcing people to buy new devices. Furthermore, the increasing e-waste contains large amounts of precious metals such as gold, silver and copper, which can be extracted by utilizing different important e-waste management approaches, thus e-waste management necessity is propelling the growth of this market. However, the increase in the recycling cost incurred due to inadequacy of infrastructure is hampering the growth of this market. E-waste management infrastructure requires heavy investment as the periodic mechanism for collection of e-waste is missing. Moreover, various e-waste initiatives carried out by the electronic manufacturers are providing a lucrative opportunity for e-waste management market growth. Many governments have also started taking initiatives by appealing to electronic goods manufacturers to arrange in-house e-waste management activities or to outsource these activities to outer entities.
The e-waste management market is segmented on the basis of material, source type, application, and region. In terms of material, the market is divided into metal, plastic, glass and others. By source type, the market is divided into household appliances, industrial electronics, and consumer electronics. Based on application, it is bifurcated into trashed and recycled. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the e-waste management market such as Eniro-Hub Holdings Ltd., TES, Capital Environment Holdings Limited, Tetronics Technologies Limited, ERI, WM Intellectual Property Holdings L.L.C., Sembcorp Industries (Temasek Holdings), Veolia, MRI Technolgies, and Umicore. These players have adopted various strategies to increase their market penetration and strengthen their position in the e-waste management market.
Information about key drivers, restraints, & opportunities and their impact analysis on the global e-waste management 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 the global e-waste management market from 2022 to 2032 is provided to determine the market potential.
There are different types of e-waste such as IT and telecommunication equipment, consumer electronics, electrical and electronic tools, toy leisure, and sport equipment, medical devices, monitoring and control instruments, automatic dispensers and solar panels. Furthermore, there are different approaches to e-waste management such as reducing e-waste by encouraging people to buy lesser electronics and use their devices for a longer period and later replacing them; reusing and refurbishing the electronic devices to extend the life of the devices; recycling e-waste to break down electronic devices into component parts so that they can be reused in production of new electronic device or they can be disposed-off safely without harming the environment, and others. Hence e-waste management has various important approaches and effects to support the technological world.
The key factors that are driving the growth of e-waste management market are reducing life span of electronic devices, and scarcity of sources of precious metals. Rise in manufacturing of electronic devices is urging buyers to buy electronic products with more additional features and better quality, thus reducing the lifespan of old devices. In addition, the increase in the purchasing power of the people is another major reason that is forcing people to buy new devices. Furthermore, the increasing e-waste contains large amounts of precious metals such as gold, silver and copper, which can be extracted by utilizing different important e-waste management approaches, thus e-waste management necessity is propelling the growth of this market. However, the increase in the recycling cost incurred due to inadequacy of infrastructure is hampering the growth of this market. E-waste management infrastructure requires heavy investment as the periodic mechanism for collection of e-waste is missing. Moreover, various e-waste initiatives carried out by the electronic manufacturers are providing a lucrative opportunity for e-waste management market growth. Many governments have also started taking initiatives by appealing to electronic goods manufacturers to arrange in-house e-waste management activities or to outsource these activities to outer entities.
The e-waste management market is segmented on the basis of material, source type, application, and region. In terms of material, the market is divided into metal, plastic, glass and others. By source type, the market is divided into household appliances, industrial electronics, and consumer electronics. Based on application, it is bifurcated into trashed and recycled. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the e-waste management market such as Eniro-Hub Holdings Ltd., TES, Capital Environment Holdings Limited, Tetronics Technologies Limited, ERI, WM Intellectual Property Holdings L.L.C., Sembcorp Industries (Temasek Holdings), Veolia, MRI Technolgies, and Umicore. These players have adopted various strategies to increase their market penetration and strengthen their position in the e-waste management market.
Key Benefits For Stakeholders
The study provides in-depth analysis of the global e-waste management market along with the current & future trends to illustrate the imminent investment pockets.Information about key drivers, restraints, & opportunities and their impact analysis on the global e-waste management 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 the global e-waste management market from 2022 to 2032 is provided to determine the market potential.
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- Investment Opportunities
- Market share analysis of players by products/segments
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- Market share analysis of players at global/region/country level
Key Market Segments
By Application
- Trashed
- Recycled
By Material
- Metal
- Plastic
- Glass
- Others
By Source Type
- Household Appliances
- Industrial Electronics
- Consumer Electronics
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Electronic Recyclers International
- Tetronics Technologies Limited
- TES Amm
- SembCorp Industries
- Umicore
- MRI Technologies
- Enviro-Hub Holdings Ltd.
- Capital Environment Holdings Limited
- Veolia
- WM Intellectual Property Holdings, LLC
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: E-WASTE MANAGEMENT MARKET, BY MATERIAL
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, the e-waste management market was valued at $57.8 billion in 2022, and is estimated to reach $244.6 billion by 2032, growing at a CAGR of 15.7% from 2023 to 2032.The E-Waste Management Market is likely to experience a significant growth rate of 15.7% from 2023-2032 owing to the increasing production and use of latest electronic products
The e-waste management market refers to the business ecosystem involved in the collection, handling, recycling, and disposal of electronic waste (e-waste). E-waste consists of discarded electronic devices and equipment, including computers, smartphones, televisions, refrigerators, and other electronic appliances. These devices contain hazardous materials such as lead, mercury, cadmium, and various chemicals, making their proper management essential for environmental protection and public health.
The expansion of the e-waste management market is driven by various trends. Recently the European union passed the universal charger policy. According to the policy, phones and electronic devices will have to use USB-c by 2024. Laptops will follow the same approach after two years of applicability. Furthermore, all in one battery recycling approach is witnessing a growth. Recently, ERI, Call2Recycle, and Cell Block FCS partnered on a unique recycling container, One Drum. Different kinds of batteries can be recycled together using a One Drum battery recycling container. Recycling facilities can add a mixture of mineral-based fire protection material made from recycled glass to the container. Moreover, companies such as Best Buy help in removing unwanted and dead electronics by providing transport facilities to the people location, who want their electronics to be recycled or disposed of.
The key factors that are driving the growth of e-waste management market are reducing life span of electronic devices, and scarcity of sources of precious metals. Rise in manufacturing of electronic devices is urging buyers to buy electronic products with more additional features and better quality, thus reducing the lifespan of old devices. In addition, the increase in the purchasing power of the people is another major reason that is forcing people to buy new devices. Furthermore, the increasing e-waste contains large amounts of precious metals such as gold, silver and copper, which can be extracted by utilizing different important e-waste management approaches, thus e-waste management necessity is propelling the growth of this market. However, the increase in the recycling cost incurred due to inadequacy of infrastructure is hampering the growth of this market. E-waste management infrastructure requires heavy investment as the periodic mechanism for collection of e-waste is missing. Moreover, various e-waste initiatives carried out by the electronic manufacturers are providing a lucrative opportunity for e-waste management market growth. Many governments have also started taking initiatives by appealing to electronic goods manufacturers to arrange in-house e-waste management activities or to outsource these activities to outer entities.
The e-waste management market is segmented on the basis of material, source type, application, and region. In terms of material, the market is divided into metal, plastic, glass and others. By source type, the market is divided into household appliances, industrial electronics, and consumer electronics. Based on application, it is bifurcated into trashed and recycled. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
report analyzes the profiles of key players operating in the e-waste management market such as Eniro-Hub Holdings Ltd., TES, Capital Environment Holdings Limited, Tetronics Technologies Limited, ERI, WM Intellectual Property Holdings L.L.C., Sembcorp Industries (Temasek Holdings), Veolia, MRI Technolgies, and Umicore. These players have adopted various strategies to increase their market penetration and strengthen their position in the e-waste management market. For instance, in March 2021, Veolia announced partnership with Groupe Renault and Solvay. This partnership aims to provide solutions to recycle the metals in electric vehicle batteries in a closed loop. In addition, in September 2020, the Massachusetts Biotechnology Council (MassBio) partnered with Veolia North America, Boston. Under the partnership agreement, Veolia serves as a preferred partner of MassBio for all streams of waste management. Furthermore, some companies adopted collaboration strategy, for instance, in October 2020, Umicore AG & Co. KG announced collaboration with AZUR SPACE. This collaboration aims to develop a tailor-made solution enabling the collection of high concentrates of germanium from very low concentration waste streams. refore, such strategies are expected to boost the growth of the e-waste management market in the upcoming years.
Key Market Insights
By material, the metal segment was the highest revenue contributor to the market, and is estimated to $56.19 billion by 2032, with a CAGR of 10.4%. However, the plastic segment is expected to be the fastest growing segment with a CAGR of 18.8% during the forecast period.By source type, the household appliance segment dominated the global market, and is estimated to reach $100.90 billion by 2032, with a CAGR of 14.1%.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for $22,935.04million in 2022, and is estimated to reach $116.31 billion by 2032, with a CAGR of 17.8%.
Companies Mentioned
- Electronic Recyclers International
- Tetronics Technologies Limited
- TES Amm
- SembCorp Industries
- Umicore
- MRI Technologies
- Enviro-Hub Holdings Ltd.
- Capital Environment Holdings Limited
- Veolia
- WM Intellectual Property Holdings, LLC
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.
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