E-Waste Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The e-waste management market size has grown rapidly in recent years. It will grow from $60.25 billion in 2023 to $70.0 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to increasing e-waste generation, corporate social responsibility, demand for new products, environmental concerns, demand for scrap management solutions.
The e-waste management market size is expected to see rapid growth in the next few years. It will grow to $118.32 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to health issues, circular economy initiatives, smart devices, electrification of transportation, urban mining and resource recovery. Major trends in the forecast period include technological advancement, technological innovations in recycling, integration of digital solutions, advanced recycling technologies, eco-design.
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Scope Of E-Waste Management Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
E-Waste Management Market Overview
Market Drivers –
Increasing sales of electronic products are expected to propel the growth of the e-waste management market going forward. An electronic product refers to a manufactured or assembled device with an electronic circuit generating or emitting physical fields of radiation. The sales of electronic products are increasing due to continuous innovation, expanding consumer demand, and the widespread integration of technology into various aspects of daily life. The role of e-waste management in electronics products is crucial for minimizing environmental impact, promoting sustainability, and ensuring responsible disposal and recycling of electronic devices. For instance, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, electronic device production rose to $2,178,430 million (¥32,099 million) in May 2023, indicating an increase from $1,714,724 million (¥25,268 million) recorded in May 2022. Therefore, the increasing sales of electronic products are driving the e-waste management market.
Market Trends –
Major companies operating in the e-waste management market are focused on developing digital technology solutions, such as Zolo Single Touch e-waste recycling software, to enhance the service offerings. These software and platforms are designed to streamline and optimize the management of electronic waste (e-waste) throughout the recycling process and to improve efficiency, transparency, and compliance in e-waste recycling operations. For instance, in September 2023, Zolo, an Australia-based e-waste recycling firm, introduced a groundbreaking solution, Zolo Single Touch, marking a pioneering initiative in Australia. This solution is strategically designed to streamline and revolutionize e-waste recycling processes by effectively addressing prevalent challenges in the industry. Zolo aims to tackle issues like data security concerns, a lack of transparency, and the time-intensive nature associated with traditional tech waste management. The software boasts distinctive features, including real-time impact visualization, a simplified single-click recycling inventory upload, and comprehensive tracking capabilities adhering to ISO regulations. These features collectively aim to streamline the e-waste recycling process, making it secure and transparent.
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
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Regional Insights –
Europe was the largest region in the e-waste management market in 2023. 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. E-Waste Management Market Report Structure
3. E-Waste Management Market Trends And Strategies
4. E-Waste Management Market – Macro Economic Scenario
5. E-Waste Management Market Size And Growth
…..
27. E-Waste Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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