Press release
Steady Expansion Forecast for E-Waste Management Market, Projected to Reach $132.71 Billion by 2029
E-Waste Management
E-Waste Management Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the e-waste management market has experienced a rapid surge in size. Its growth is anticipated to escalate from $70 billion in 2024 to $80.78 billion in 2025, registering a compound annual growth rate (CAGR) of 15.4%. The substantial growth during the historical period can be associated with factors like the rise in e-waste generation, corporate social responsibility initiatives, demand for innovative products, environmental issues, and the need for effective scr*ap management solutions.
E-Waste Management Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the e-waste management market is projected to experience significant growth, expanding to $132.71 billion by 2029 with a compound annual growth rate (CAGR) of 13.2%. The accelerated growth throughout this period can be credited to multiple factors including health concerns, circular economy strategies, the prevalence of smart devices, the electrification of transport, urban mining, and resource recovery. Among the key trends anticipated in this phase are advancements in technology, innovative recycling strategies, the incorporation of digital solutions, state-of-the-art recycling technologies, and eco-design.
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What Are the Drivers Transforming the E-Waste Management Market?
The surge in electronic product sales is predicted to fuel the expansion of the e-waste management market. An electronic product is typically a device made or assembled with an electronic circuit that emits or generates physical radiation fields. Continuous innovation, growing consumer demand, and the integration of technology into many facets of everyday life are factors contributing to the rise in electronic product sales. The e-waste management's role in electronic goods is vital in reducing environmental impact, advocating for sustainability, and facilitating the responsible disposal and recycling of electronic devices. For instance, the Japan Electronics and Information Technology Industries Association, a trade association based in Japan, reported that electronic device production increased to $2,178,430 million (¥32,099 million) in May 2023, up from $1,714,724 million (¥25,268 million) in May 2022. As such, the escalating sales of electronic products are propelling the e-waste management market forward.
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What Long-Term Trends Will Define the Future of the E-Waste Management Market?
In the realm of e-waste management, leading businesses like Zolo are focusing on the creation and integration of digital technology solutions such as the Zolo Single Touch e-waste recycling software, to augment their service capacities. They utilize these platforms and software to improve, enhance and optimize electronic waste (e-waste) management during the entire cycle of recycling. This aims to elevate efficiency and transparency, and ensure compliance in e-waste recycling operations. For instance, in September 2023, the innovative Zolo Single Touch solution was introduced by Zolo, an e-waste recycling firm based in Australia. This benchmark initiative was meticulously planned to transform the e-waste recycling procedures, effectively handling extant industry challenges. With a clear objective of addressing issues such as data security problems, transparency deficits, and the long-drawn procedures of conventional tech waste management, Zolo unveiled this software. Characterized by unique features like real-time visualization of impacts, an easy one-click recycling inventory upload system, and extensive tracking capacities in compliance with ISO regulations, this software aims at revolutionizing e-waste recycling, making it more secure and transparent.
Which Segments in the E-Waste Management Market Offer the Most Profit Potential?
The e-waste management market covered in this report is segmented -
1) By Type: Recycled, Unrecycled
2) By Source: Industrial Electronics, Information Technology (IT) And Telecom Equipment, Datacenters, Networking Cards Or Equipment, Digital Boards, Other Sources
3) By Material Recovery: Metal, Plastic, Glass, Other Materials
4) By Application: Disposal, Reuse, Landfill, Incineration, Recycle
Subsegments:
1) By Recycled: Materials Recovery, Component Harvesting, Refurbishment And Resale
2) By Unrecycled: Landfill Disposal, Incineration, Illegal Dumping
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Which Firms Dominate the E-Waste Management Market by Market Share and Revenue in 2025?
Major companies operating in the e-waste management market are Glencore International AG, Veolia Environment SA, Aurubis AG, Waste Management Inc., Boliden AB, Sembcorp Industries Ltd., Suez SA, Umicore N.V., Stena Metall Group, Sims Lifecycle Services, Covanta Holding Corporation, Sims Limited, OnePlus Technology Co. Ltd., Capital Environmental Holdings Ltd., Kuusakoski Group, Electronic Recyclers International Inc., Attero Recycling Pvt. Ltd., ecoATM LLC, Enviro-Hub Holdings Ltd., Cohen Recycling, Triple M Metal LP, MBA Polymers Inc., Lifespan Technology Recycling Inc., Big Belly Solar LLC, All Green Electronics Recycling LLC, Eltech Appliances, Cimelia Resource Recovery Pte Ltd., GNR Solutions Private Limited, Ecoreco
Which Regions Offer the Highest Growth Potential in the E-Waste Management Market?
Europe was the largest region in the e-waste management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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