E-Waste Management Market Closing the Loop: The Rise of Sustainable E-Waste Solutions

E-Waste Management Market to reach over USD 216.01 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-Waste Management Market Size, Share & Trends Analysis Report By Recycler Type (Glass Recycler, Metal Recycler, Plastic Recycler, And Printed Circuit Board Recycler), Material Recovery (Metal, Plastic, Glass), And Source Type (Household Appliances, Entertainment & Consumer Electronics, I.T. And Telecommunication)- Market Outlook and Industry Analysis 2031"

The global E-waste management market is estimated to reach over USD 216.01 billion by 2024-2031, exhibiting a CAGR of 15.21% during the forecast period.

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The electronic devices market in emerging countries is experiencing a boom. A growing middle class with evolving tastes for the latest and greatest gadgets is fueling a surge in electronic device sales across various categories.

Manufacturers are recognizing this trend and taking responsibility for the environmental impact of their products. They are implementing environmentally friendly disposal practices for electronic devices at the end of their life cycle, including take-back programs that promote proper recycling and aim to minimize e-waste generation.

Looking ahead, this focus on responsible disposal, coupled with supportive government regulations around the world, is expected to contribute to positive market growth throughout the forecast period. For instance, India's Ministry of Environment, Forests, and Climate Change mandates that electronic equipment producers take an active role in recycling and minimizing e-waste generation within the country.

Furthermore, the industry is implementing several other strategies to promote sustainability: utilizing renewable resources in the production process, improving industrial processes to minimize waste generation, and adopting eco-friendly packaging materials. By embracing these combined efforts, the electronic devices market can achieve sustainable growth while minimizing its environmental footprint.

List of Prominent Players in the E-Waste Management Market:
• SIMS Metal Management, Ltd.
• Stena Metall AB
• TES-AMM
• Tetronics International Ltd.
• Umicore Ag & Co. Kg
• Veolia
• WM Intellectual Property Holdings, L.L.C. (U.S.)
• Aurubis AG
• Boliden AB
• Capital Environment Holdings Limited (Hong Kong)
• Electronic RecyclersInternational, Inc.
• ENIRO-HUB HOLDINGS LTD.
• Enviro-Hub Holdings Ltd.
• Eri (U.S.)
• Global Electric Electronic Processing Inc.
• MBA Polymers, Inc.
• MRI E-Cycle Solutions
• Sembcorp Environmental Management (Singapore)
• Sims Lifecycle Services, Inc. (U.S.)

Market Dynamics:
Drivers-
Numerous guidelines and policies are being implemented by governments all over the world to handle e-waste efficiently. In India, for example, the Ministry of Environment, Forests, and Climate Change has mandated that producers of electronic equipment be held accountable for recycling and reducing the amount of e-waste in the country.

To limit the amount of e-waste, several other measures are being used, such as changes to the manufacturing process, renewable resources, and eco-friendly packaging options. These rules promote an environment in which e-waste recycling is practicable. As a result, rising government regulations and policies to manage e-waste are likely to boost market expansion.

Challenges:
The lifespan of electronic devices is increasing shorter by the day, which aids in the production of low-cost and easily available products. Consumers prefer to acquire new devices rather than repair old ones because they are significantly less expensive.

Furthermore, the environment is getting increasingly toxic as a result of landfills, mercury and lead seepage, and the loss of resources such as gold, copper, platinum, lithium, and silver, which are required to produce circuits and parts. Excessive waste could lead to a scarcity of resources.

These metals can and should be recycled, but a lack of innovation in recycling processes is hampering recovery. Many of the factors listed above are impeding market expansion over the predicted period.

Regional Trends:
Asia Pacific E-waste management market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. China is a major producer and consumer of electrical and electronic equipment. It generates the most e-waste in the Asia Pacific region.

Growing government initiatives and active engagement in e-waste collection and recycling activities are also expected to drive the regional market. Moreover, Europe is a crucial region. Numerous government attempts to implement

greener and more sustainable solutions, as well as lessen the negative impact of e-waste generation, are expected to enhance growth. For example, the European Commission launched a new circular economy action plan aimed at reducing electronic and electrical waste in 2020.

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Recent Developments:
• In July 2022, Redrock Environmental Group cooperated with ERI, a leading recycler of cybersecurity and electronic-intensive technology destruction. With this agreement, they are able to give citizens of Madera County an appropriate means to recycle old consumer electronics.

Segmentation of E-Waste Management Market-
By Recycler Type-
• Glass Recycler
• Metal Recycler
• Plastic Recycler
• Printed Circuit Board Recycler
By Material Recovery-
• Metal
• Plastic
• Glass
• Others
By Source Type-
• Household Appliances
o Large Household Appliances
 Washing Machines
 Refrigerators
 Air Condtioners
o Small Household Appliances
• Entertainment & Consumer Electronics
o Television
o Others
• I.T. and Telecommunication
o Computers
o Phones
o Others
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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