E-Waste Management Market Booms as Shorter Device Lifespans and Tech Upgrades Drive Disposal and Recycling Demand

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-Waste Management Market Size, Share & Trends Analysis Report Report By Processed Material (Metal, Plastic, Glass, Others), By Source (Industrial Electronics, Consumer Electronics, Other), By Application (Disposal, Recycle),- Market Outlook and Industry Analysis 2034"

The global E-waste management market is estimated to reach over USD 74.1 Billion by the year 2034, exhibiting a CAGR of 14.4 % during the forecast period.

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The rising disposable income among the middle-class population in emerging economies, coupled with evolving consumer preferences, is driving the accelerated replacement of outdated electronic products with newer, advanced models. This trend is contributing to increased sales of electronic devices. In response, manufacturers are adopting environmentally responsible end-of-life management practices, including take-back programs and other sustainable disposal methods. These initiatives are anticipated to support market growth over the forecast period.

Moreover, governments across the globe are introducing regulatory frameworks and policies aimed at the effective management of electronic waste. For instance, in India, the Ministry of Environment, Forest and Climate Change has mandated that manufacturers of electronic equipment implement recycling practices and actively work to reduce e-waste generation. Additional efforts-such as incorporating renewable materials, optimizing industrial processes, and adopting eco-friendly packaging-are also being pursued to further minimize the environmental impact of electronic waste.

List of Prominent Players in the E-Waste Management Market:
• 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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Market Dynamics
Drivers:
Governments worldwide are increasingly enacting regulations and policies to ensure the efficient management of electronic waste. For instance, in India, the Ministry of Environment, Forest and Climate Change has instituted mandates requiring electronic equipment manufacturers to take responsibility for recycling and minimizing e-waste generation. Additional initiatives-such as incorporating renewable materials, refining manufacturing processes, and adopting eco-friendly packaging-are fostering a regulatory environment conducive to sustainable e-waste management. These governmental measures are expected to significantly contribute to the expansion of the e-waste management market.

Challenges:
The accelerating obsolescence of electronic devices has led to the widespread availability of low-cost, easily replaceable products. Consumers are increasingly inclined to purchase new devices instead of repairing existing ones, due to the relatively lower cost of replacement. This behavior contributes to the growing volume of e-waste, which, in turn, poses serious environmental risks such as toxic landfill emissions and the leaching of hazardous substances like mercury and lead. Moreover, the disposal of valuable resources-such as gold, copper, platinum, lithium, and silver-used in electronic components exacerbates resource scarcity. Despite the recyclability of these metals, limited technological innovation in recycling processes continues to hinder effective material recovery. These challenges are projected to restrain market growth during the forecast period.

Regional Trends:
The Asia Pacific region is anticipated to dominate the e-waste management market in terms of revenue and is expected to witness robust growth over the coming years. China, being both a significant manufacturer and consumer of electronic goods, generates the highest volume of e-waste in the region. Ongoing governmental initiatives and increased participation in e-waste collection and recycling programs are likely to drive regional market growth. Europe also represents a key market, bolstered by numerous government-led efforts to promote sustainable practices and mitigate the environmental impact of e-waste. A notable example is the European Commission's 2020 Circular Economy Action Plan, which aims to reduce the generation of electronic and electrical waste across member states.

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Recent Developments:
• In April 2024, ERI teamed up with Staples to add consumer batteries to its list of store-based recycling services offered nationwide. By include rechargeable and single-use batteries in the list of recyclable products, our partnership seeks to improve the current Recycling Services program. Additionally, the program seeks to encourage environmental sustainability and boost consumer battery recycling.
• In September 2023, ERI, A provider of integrated ITAD and hardware destruction services with an emphasis on cybersecurity repositioned its geographic presence to support the ongoing expansion of its ITAD and e-waste recycling offerings. The business planned to close its smallest site in Aurora, Colorado, and establish three larger ITAD and e-waste recycling centers in 2024 as part of this reassessment. The facilities will be positioned strategically to enhance ERI's national operations and logistics, guaranteeing more efficiency and balance in customer service throughout the United States.

Segmentation of E-Waste Management Market-
By Processed Material
• Metal
o Copper
o Steel
o Others
• Plastic
• Glass
• Others
By Source
• Industrial Electronics
o IT & Telecom Equipment
 Datacenters
 Networking Cards/Equipment
 Digital Boards
 Others
o Medical Equipment
 Monitoring And Control Equipment
 Others
• Consumer Electronics
o Household Appliances
 Refrigerator
 Television
 Others
o Handheld Electronics
 Smartphones
 Tablets
 Wearables
 Others
o IT Accessories
 Keyboards
 Mice
 Laptop Cases
 USB Memory Sticks
 Others
o IT Equipment
 Desktops
 Laptops
 Netbooks
 Others
o PCBs
 High-grade
 Medium-grade
 Low-grade
• 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

Read Overview Report- https://www.insightaceanalytic.com/report/e-waste-management-market/1662

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This release was published on openPR.