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E Waste Management Market Size - Industry Share Report 2024 | Aurubis AG, Global Electric Electronic Processing Inc, Boliden AB, Stena Technoworld AB, Electronic Recyclers International, Inc

05-09-2019 03:00 PM CET | Energy & Environment

Press release from: Worldwide Market Reports

Electronic Waste

Electronic Waste

The global E-waste Management market is valued at million USD in 2018 and is expected to reach million USD by the end of 2024, growing at a CAGR of between 2019 and 2024. With rapid urbanization and industrialization in developing as well as developed economies, adoption of novel technologies is gaining momentum. Technologies such as Internet of Things (IoT) are leading to use of electronic devices in practically every human activity. Therefore, proliferation of electronic devices is expected to lead to a significant amount of waste generation, thereby driving the market.

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The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of E-waste Management.

Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.

Rising health hazards such as bronchitis, kidney damage, and Wilson’s disease, due to inadequate discharge of toxic materials from electronic scrap and incineration, are augmenting the need for efficient scrap management techniques. Furthermore, presence of precious metals such as gold, silver, platinum, and gallium makes electronic scrap recycling an attractive and feasible option. These factors are poised to positively influence market growth.

Furthermore, widening base of middle-income population in developing economies and shifting consumer preferences are resulting in rapid replacement of older versions of an electronic product with newer version. This, in turn, is boosting the sales of electronic devices. Moreover, electronic device manufacturers follow sustainable disposal practices in order to adequately manage electronic devices at their end-of-life period, such as take-back policy. Such factors are anticipated to work in favor of the market during the forecast period.

Governments across the globe are implementing numerous regulations and policies to effectively manage e-waste. For instance, in India, the Ministry of Environment, Forests and Climate Change has mandated that electronic device manufacturers are responsible for recycling and reducing e-waste in the country. Additionally, several other methods are being implemented to minimize e-waste generation, including use of renewable materials, production process modifications, and green packaging options.

Processed Material Insights:
On the basis of processed material, the market has been categorized into metal, plastic, glass, and others. Others include rubber, wood, plywood, concrete, and ceramics. The metal segment accounted for the leading share in the market in 2016. It is likely to post a CAGR of more than 4.0% over the forecast period. Electronic and electrical products comprise components that use metal tracks, metal solders, and conductive metals. Metals are essentially used in every individual component, printed circuit boards (PCBs), and microcontrollers, owing to which this segment is estimated to exhibit the highest growth over the forecast period.

Furthermore, the plastic segment is also projected to post healthy growth over the forecast period owing to rising usage of plastic in numerous electric devices, including food processors, computers, kettles, lawnmowers, and telephones. The glass and other material segments are expected to rise at a moderate growth rates from 2017 to 2025.

Source Insights:
The consumer electronics segment was the leading contributor in the e-waste management market in 2016. The trend is poised to continue through 2025. Consumer electronics can be segmented into household appliances, handheld electronic devices, IT accessories, IT equipment, and PCBs. Extensive adoption of aforementioned devices in the residential and commercial sectors has been the key reason fueling the demand for consumer electronics.

The industrial electronics segment includes IT & telecom equipment and medical equipment. It is anticipated to progress at a CAGR over 3.5% during the forecast period. The growth of the segment can be attributed to increasing establishment rate of IT and telecom solution providers coupled with growing healthcare industry across the globe.

Market Segment by Type, covers
Glass Recycler
Plastic Recycler
Metal Recycler
Printed Circuit Board (PCB) Recycler
Other

Market Segment by Applications, can be divided into
Household Appliances
Entertainment & Consumer Electronics
IT & Telecommunication
Other

Furthermore, recycling is likely to register a substantial CAGR of over 3.5% during the same period owing to global awareness programs undertaken by various governments and non-governmental organizations (NGOs) that focus on effective collection, treatment, and recycling of e-waste. Moreover, companies such as Microsoft, Dell, HP, and Panasonic Corporation have already introduced initiatives by connecting with recycling companies to organize large take-back programs in order to recycle or reuse obsolete equipment.

E-waste Management Market Share Insights:

Market Segment by Companies, this report covers
Aurubis AG, Global Electric Electronic Processing Inc, Boliden AB, Stena Technoworld AB, Electronic Recyclers International, Inc, Sims Metal Management Ltd, MBA Polymers, Inc, Umicore S.A, Tetronics Ltd, Enviro-Hub Holdings Ltd

Competitive rivalry in the market is intense owing to a large number of recycling organizations along with the unorganized segment engaged in electronic scrap treatment. Additionally, government schemes and initiatives act as a primary catalyst in intensifying rivalry.

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