E-Waste Management Market Is Waiting For Its Next Big Movement | Waste Management, Capital Environmental Holdings, Electronic Recyclers International

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.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

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.

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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.

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 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

KEY MARKET SEGMENTS
By Processed Material Type
- Metal
- Plastic
- Glass
- Others

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By Source Type
- Household Appliances
o Refrigerator
o Washing Machines
o Television
o Air Conditioners
o Others
- Industrial Electronics
o IT & Telecom Equipment
o Medical Equipment
- Consumer Electronics
o Handheld Electronics
o IT Accessories
o IT Equipment
o PCBs

By Application
- Trashed
- Recycled

By Region
- North America
o U.S.
o Canada
- Europe
o Germany
o France
o UK
o Russia
o Italy
o Rest of Europe

- Asia-Pacific
o Japan
o China
o India
o South Korea
o Australia
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa

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