E-Waste Management Market Growing at 15.7% CAGR Reach $244.6 Billion by 2032 Globally

According to the report, the global e-waste management industry generated $57.81 billion in 2022, and is anticipated to generate $244.56 billion by 2032, witnessing a CAGR of 15.7% from 2022 to 2032.

Reduction in life span of electronic devices and scarcity of sources of precious metals are driving the growth of the market. However, increase in recycling cost incurred due to inadequacy of infrastructure hampers the growth of the market. Furthermore, e-waste initiatives by electronic manufacturers across the globe are expected to provide major growth opportunities for the e-waste management market during forecast period.

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E-waste management industry refers to the proper handling, recycling, and disposal of electronic waste, commonly known as e-waste. E-waste includes discarded electronic devices such as computers, laptops, smartphones, televisions, refrigerators, and other electronic gadgets. These devices contain hazardous materials like lead, mercury, cadmium, and various types of plastics, which can pose significant environmental and health risks if not managed and disposed of properly.

The e-waste management industry aims to reduce environmental impact, conserve resources, minimize health risks, promote recycling, and create green jobs. In addition, e-waste management helps in recovery of valuable resources from electronic devices such as gold, silver and copper. Moreover, proper e-waste management prevents the release of hazardous material into the environment.

By material, the metal segment held the largest market share of the e-waste management market in 2022. This is attributed to rise in demand for precious metals. However, the others segment is expected to grow in the future at a CAGR of 17.8% from 2022 to 2032, as valuable rubber, ceramics, wood, concrete and plywood can be extracted from raw material used in manufacturing electronic products.

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On the basis of source type, the home appliances segment held the largest market share of the e-waste management market in 2022. This is attributed to increase in per capita income, technical advancements, and global population growth. However, the consumer electronics segment is expected to grow in the future at a CAGR of 17.8% from 2022 to 2032, as the production of consumer electronics is happening at a large scale.

On the basis of application, the trashed segment held the largest market share of the e-waste management market in 2022. This is attributed to the e-waste being disposed-off in the form of trash due to the absence of efficient recycling and recovery technology and the unlawful transfer of hazardous e-waste to developing countries. However, the recycled segment is expected to grow in the future at a CAGR of 17.8% from 2022 to 2032, as the popularity and demand for refurbished products is growing at an increasing rate.

Based on region, Asia-Pacific dominated the e-waste management market in the year 2022. This is due to the new product development, price reductions and increasing per capita income. The region is expected to dominate the market as it is growing at a CAGR of 17.8% from 2022 to 2032.

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Leading Market Players: -

Eniro-Hub Holdings Ltd.
TES
Capital Environment Holdings Limited
Tetronics Technologies Limited
ERI
WM Intellectual Property Holdings, L.L.C.
Sembcorp Industries (Temasek Holdings)
Veolia
MRI Technologies
Umicore

The report provides a detailed analysis of these key players of the global e-waste management market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

More people are working from home, this is increasing the requirement of electronic devices such as computer systems, printers, internet devices, modems, wires, all these things are increasing e-waste. Furthermore, important investments are being made to promote responsible recycling. For instance, In June Biden and Harris administration announced $375 million is used to establish recycling reuse and waste prevention grant programs and initiatives. Moreover, different cities and towns are hosting electronic recycling drives. For instance, people can bring their unused electronic devices and drop them at a convenient point for proper recycling. Hence all these trends are driving the growth of e-waste management market for the forecast period.

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