E-Waste Management Market - 2023 by Manufacturers, Regions, Type and Application, Forecast to 2030

The worldwide e-waste management market size was valued at $49,880 million in 2021 and is expected to reach $143,870.1 million by 2028, registering a development from 2022 to 2028. Ever-increasing demand and shortage of rare metals have been leading to a fast rise in the price of these metals. Metals like this need to be recovered from e-waste for reusing in another creation. For instance, in a million mobile phones in e-waste, there is around 250.2 kg of silver, 25 kg of gold, and nine tons of copper that can be recovered. This likewise benefits manufacturers to produce electronic devices at lower cost and gain cost advantages over competitors.

The report's goal is to provide industry stakeholders with a complete study of the E-Waste Management Market. The research analyses complicated data in simple language and present the past and current state of the E-Waste Management industry, as well as anticipated market size and trends. The report examines all areas of the industry, including a detailed examination of important companies such as market leaders, followers, and new entrants.

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Motives to purchase E-Waste Management market Report:
• The research provides a detailed overview of the E-Waste Management market by defining, describing, and classifying it.
• The study includes the SWOT analysis and business plans of each vendor in the industry.
• The provides in-depth analyses of current E-Waste Management market trends, trend forecasts, and growth drivers.
• The study offers a thorough analysis of the vendor landscape, a competitive landscape analysis, and significant E-Waste Management market strategies.

Manufacturers in the electronics business are gaining ground toward developing consumer electronic, electronic and electrical gadgets with reduced lifespan is making increasing demand for e-waste management. Burgeoning demand for the upgradation of new technologies further dives into opportunities for manufacturers in the e-waste management market. Several market members are taking immense efforts in recycling e-waste for reducing resultant environmental and tainting gambles. For example, Dell has taken initiative in developing electronics from plastics acquired from recycled electronics. The E-waste management association is likewise selling electronics through closed-circle recycling procedures.

The E-waste management industry is expected to witness revenue development with rapidly increasing item advancement, especially in the home appliances and electronics like shift from simple towards computerized technologies, screens, and level screen televisions. According to the UN, an over 33% increase in E-waste management is likely to take place in somewhere around four years. An increasing number of joint efforts between leading assembling companies, for example, Dell, HP and Cisco from Japan, China, and England, and worldwide relationships, for example, Solving the E-waste Problem (StEP) leads to the emergence of lucrative learning experiences for the e-waste management market. The rising number of removal of refrigerator sets from household appliances is likely to stimulate the revenue development of the e-waste management market.

Segmentation

Based on processed material, the market has been categorized into metal, plastic, glass, and others. Others include rubber, wood, compressed wood, concrete, and ceramics. The metal portion accounted for the leading share in the market in 2022. Posting a development of more than 4.0% over the forecast period is likely. Electronic and electrical items comprise components that use metal soldiers, metal tracks, and conductive metals. The Metals are essentially used in every individual component, printed circuit sheets (PCBs), and microcontrollers, attributable to which this portion is estimated to exhibit the highest development over the forecast period.

Furthermore, the plastic segment is likewise projected to post healthy development over the forecast period attributable 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 development rate from 2022 to 2028.

The consumer electronics segment was the leading supporter of the e-waste management market in 2022. Based on application, the market can be bifurcated into removal and recycling. The removal segment dominated the market in 2022. The removal of e-waste is carried out through three procedures, including landfilling, reusing, and incineration. However, both landfilling and incineration are observed to have a negative effect on the environment as well as human health to a large extent. Reuse, then once more, is an economical and sustainable method to reduce e-waste generation universally.

Regional analysis

The Asia Pacific was at the forefront of the arena in 2022. The region is estimated to progress at development of approximately 6.0% over the forecast period. Rising disposable money in developed and developing economies coupled with the increasing espousal of electronic devices is one of the key development energizers for the market in the region. Moreover, developed countries like the U.S. furthermore, the U.K. export a ton of e-waste generated by them to Asian countries, which is projected to forecast well for the regional market all throughout the forecast period.

The Middle East and Africa area is expected to post the highest development over the forecast period attributable to illegal dumping of e-waste from developed countries coupled with rising government regulations for systematic collection and recycling of electronic piece in the region. The market in Europe is poised to experience moderate development inferable from a decline in e-waste generation in these regions.

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Competitive Analysis

Capital Environment Holdings Limited, Enviro-hub Holdings Ltd., Eri, Mri E-cycle Solutions, Tes, Sembcorp Environmental Management, Tetronics Technologies Limited

Companies conduct numerous in-store promotions and concentrate on new product development and E-Waste Management marketing communications. These in-store promotions are largely designed to help customers save money. Furthermore, in terms of distribution channels, online store sales of E-Waste Management items are increasing quicker, drawing numerous vertical experts that are profiting from rising e-commerce growth.

The E-Waste Management market is divided into supermarkets/hypermarkets, convenience stores, specialty retailers, online retail stores, and other distribution channels based on distribution channels. The E-Waste Management market is divided into five regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Market sizing and forecasting have been done on the basis of value for each segment (in USD million).

Principal queries addressed in the E-Waste Management market report:
How has the quickly changing business environment grown to be a significant growth driver for the E-Waste Management market?
What underpinning macroeconomic factors have an impact on the E-Waste Management market's growth?
What are the main trends that are influencing the Key E-Waste Management market's expansion on a constant basis?
What are the well-known areas that present a plethora of opportunities for the E-Waste Management market?
What are the main vendors' points of strength and weakness?

FAQ:
What is the current value of the E-Waste Management Market?
What are the sales projections for the E-Waste Management Market?
What was the market CAGR during the last seven years?
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What percentage of the E-Waste Management Market will rise in the United States?

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