Press release
Electronic Waste Management Market Predicted to Reach US$ 148.50 Billion Representing a CAGR of 9.5% Forecast By 2025 to 2034
Electronic Waste Management Market
Market Explanation:
Electronic waste (e-waste) management is the process of handling and managing discarded electronic or electrical equipment and devices to minimize environmental and health hazards and to recover valuable materials for reuse or recycling. E-waste refers to discarded electrical and electronic equipment, including items like computers, mobile phones, televisions, and appliances. E-waste can contain hazardous materials like lead, mercury, and cadmium, posing risks to human health and the environment if not managed properly. Recycling e-waste helps recover valuable materials like precious metals, reducing the need for mining and conserving natural resources. Improper disposal of e-waste can lead to soil and water contamination, air pollution, and greenhouse gas emissions.
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Market Drivers:
• Governments globally are implementing regulations for appropriate e-waste disposal and recycling, aiding market expansion.
• Advancements in e-waste recycling methods enhance efficiency and material recovery, thereby promoting market development.
• The increasing usage of electronic devices and components drives the growth of the electronic waste management market.
• The growing awareness of sustainability and environmental responsibility is having a favorable impact on the demand for electronic waste management.
Key Players Analysis:
The electronic waste management market features a highly dynamic and fragmented competitive environment, marked by a combination of international firms and local enterprises.
Major market participants include:
• Aurubis AG
• Boliden Group
• Desco Electronic Recyclers
• EcoCentric
• ENVIRO-HUB HOLDINGS LTD.
• ERI
• Greentec
• Kuusakoski
• MRITECHNOLOGIES
• Namo eWaste Management Ltd.
• Sims Limited
• Stena Metall AB
• Tetronics Environmental Technology Company
• Umicore
• WM Intellectual Property Holdings, L.L.C.
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Electronic Waste Management Market Report Highlights
• In terms of material recovery, the metal segment dominated the electronic waste management market share in 2024 due to the high economic value and industrial demand for recovered metals such as gold, silver, copper, and aluminum.
• Based on source type, the consumer electronics segment accounted for the largest market share in 2024 due to the high turnover rate of devices such as smartphones, laptops, and TVs.
• In 2024, Asia Pacific accounted for the largest share of the electronic waste management market revenue due to rapid industrialization, a high population base, and increasing electronic consumption.
• The North America market is expected to witness the fastest growth during the forecast period due to stringent government regulations, rising consumer awareness, and increasing e-waste recycling initiatives.
Segment-Wise Explanation:
• The electronic waste management market is segmented primarily based on recycler type, material recovery, application, source type, and region.
• In 2024, the metal segment, based on material recovery, held the largest market share because of the significant economic worth and industrial need for reclaimed metals like gold, silver, copper, and aluminum.
• The consumer electronics segment, based on source type, represented the largest share of the market because of the rapid replacement of devices like smartphones, laptops, and TVs.
By Material Recovery Outlook (Volume, Thousand Metric Tons; Revenue, USD Billion; 2020-2034)
• Plastic
• Glass
• Metal
• Others
By Recycler Type Outlook (Volume, Thousand Metric Tons; Revenue, USD Billion; 2020-2034)
• Plastic Recycler
• Glass Recycler
• Metal Recycler
• Printed Circuit Board Recycler
By Source Type Outlook (Volume, Thousand Metric Tons; Revenue, USD Billion; 2020-2034)
• Communication and Technology
• Consumer Electronics
By Application Outlook (Volume, Thousand Metric Tons; Revenue, USD Billion; 2020-2034)
• Disposal
• Recycle
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Regional Analysis:
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
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