E-Waste Management Market

GMI Research analysis indicates that the E-Waste Management Market size was valued at USD 55.8 billion in 2022 and is slated to register a single digit CAGR of 13.2% over the forecast period, and is anticipated to reach USD 150.5 billion in 2030.

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Major E-Waste Management Market Drivers

The significant growth in industrialization, rapid urbanization, increase in disposable income of individuals, and establishment of electronic items including refrigerators, mobile phones, and other IT products are predicted to foster the growth of global e-waste management market in the forecast period. The robust innovation in smart devices and the growing adoption of connected devices globally have led to a significant rise in the capacity of electronic waste generated. Rapid advancement in product technology, especially in residential appliances and electronics such as a transition from analog to digital systems, monitors, and flat-screen TVs, is predicted to propel revenue growth in the e-waste management market. According to the UN, it is predicted that managing e-waste increase by over 33% in the next 4 years. Additionally, management of e-waste offers different benefits that include an increase in employment, augments affordability of electronic devices, and permanently and cautiously eradication of data from electronic devices, this is estimated to rise in demand for e-waste management services. In 2023, the United Nations Institute For Training and Research reported that nearly 225,000 jobs are anticipated to be introduced to revamp used EEE and gather and pre-handling of e-waste.

Globally, the government and regulatory authorities are implementing vigorous regulations and policies to tackle challenges caused by e-waste involving environmental issues. Regulations involve appropriate recycling, disposal, and treatment of electronic waste which results in boosting the demand for electronic waste management solutions and services. Simultaneously, different non-profit firms and government groups are making efforts to raise awareness among customers about the correct disposal of electronic waste. For instance, the Nigerian government, in partnership with the Global Environmental Facility and UN Environment, has established a program to lessen improper e-waste management in Nigeria. Similar initiatives are in progress in both developed and developing regions, strengthening the growth of the global e-waste management market.

Moreover, the extending middle-income population in emerging nations, coupled with changing customer preferences, is leading to the shift replacement of older electronic products with newer versions. This, in turn, is driving a rise in electronic device sales. In addition to this, electronic device producers adopt sustainable disposal practices, like take-base policies, to efficiently manage devices at their end-of-life stage. These factors are predicted to positively propel the global e-waste management market in the forecast period.

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Metal segments registered the market growth

Metal segment is estimated to hold the highest value in the market due to its extensive usage in electronic industry. Increase in electronic scrap over the past decade, propelled by revolutionary revolutions in the electric and electronic segment, has led to a significant growth in the adoption of ignition and recycling e-waste methods for these materials. Furthermore, rise in health risks, alike kidney damage and bronchitis, and several other syndromes, due to inadequate disposal of toxic materials from burning and scrap, has increased the demand for efficient scrap management approaches. These key factors are estimated to present positive growth of the metal segment in the global e-waste management market in the forecast duration.

Consumer Electronics is expected to dominate the market growth

Consumer electronics segment is anticipated to dominate the market growth due to the significant rise in adoption of consumer electronics for different uses. Consumer electronics can be classified into IT accessories, household appliances, IT equipment, handled electronic devices, and PCBs. Widespread acceptance of above-cited devices in commercial as well as residential segments has been the foremost cause of thriving the demand for customer electronics. Moreover, high increase in the disposable income of the consumer, speedy development in electronics, and global population growth are the other key factors fostering the growth of this segment in global e-waste management market.

Trashed is the largest application segment of the e-waste management market

The trashed segment is anticipated to have the highest shareholding because it is a simple solution to process the vast volume of e-waste that is trash. E-waste is typically disposed of through methods like burning and landfills. In numerous emerging nations, the major causes for e-waste being abolished are the lack of effective e-waste recycling and recovery technology, along with the illegal transfer of dangerous e-waste to these countries. For instance, in 2016, the Government of India announced e-waste management guidelines which applicable to all producers, consumers, manufacturers, e-retailers, collection centers, refurbishers, dealers, dismantlers, and recyclers involved in the sale, purchase, manufacture, storage, transfer, collection, procession other activities of e-waste or electronic and electrical equipment. The rules outline the responsibilities of every component involved in the lifecycle of a product, including all above-mentioned entities.

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Asia Pacific to account for the largest market share in the forecast period

Asia Pacific region registered the market growth because in developed and developing nations of APAC have hubs for electronic and electrical equipment manufacturing units. The increasing per capita income of different nations across the Asia Pacific region has motivated customers to regularly upgrade their devices. Moreover, consistent reduction in the expenses of electronic devices, speedy industrialization, and growing population will further present positive market growth in the region. However, challenges connected to informal recycling and lessening awareness of e-waste management hinder market growth. Whereas, it is predicted that China has the highest shareholding in the Asia Pacific region, followed by India due to its high population and growing production of electronics locally.

North America region is predicted to register significant growth in the forecast period due to growing demand for sale and purchase of smart and connected devices and constant information and communication technology innovations. Simultaneously, the significant rise in consumer preference for developed and innovative electronics with enhanced design, functionalities, and features is driving the growth in the capacity of e-waste generation. In 2019, the U.S. Environmental Protection Agency collaborated with electronic original equipment manufacturers and retailers to handle electronic materials collected from American consumers.

E-Waste Management Market Leaders

Some of the major players operating in the global E-Waste Management market include Aurubis AG , Electronic Recyclers International, Inc., Triple M Metal LP, Umicore, Sims Metal Management Ltd., TES Envirocorp Pte Ltd, Enviro-Hub Holdings Ltd., Boliden, Stena Metall Group, Waste Management, Inc., Tetronics, among others.

Key Developments

• • In 2023, Bharat Petroleum Corporation, launched a special initiative called ‘Sound Management of Waste Disposal’ focused on decreasing and recycling e-waste.
  • In 2023, Saline County organized a program for the free collection and recycling of different old devices, including cameras, microwaves, televisions, game consoles, and computers. Almost any gadget that functions with a cord or batteries is accepted in this initiative.
  • In 2023, Mastercard and HSBC, in collaboration with Terracycle have initiated a plastic payment card recycling pilot across the UK to develop security by destroying the cards in the box, thereby safeguarding card information from being stolen and confirming the built-in chip is destroyed in the procedure.
  • In 2022, Samsung has announced a new environmental strategy to fight climate change, aiming to grow the usage of renewable energy, prolong e-waste collection, and decrease pollution.
  • In 2022, Goodwill joined hands with Dell Reconnect for electronic recycling. Dell Reconnect specializes in recycling a variety of brands of printers, monitors, and computers, and has successfully introduced 125 different products using recycled materials.

Segments covered in the Report:

The global E-Waste Management market has been segmented on the basis of Material, Application, Source, and region. Based on the Application, the market has been segmented into Disposal and Recycle. Based on Material, the market has been segmented into Metal, Plastic, Glass and Others. Based on Source, the market has been segmented into Industrial Electronics, Consumers Electronics and Others.

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Report Coverage	Details
Market Revenues (2022)	USD 55.8 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Material, By Source, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Aurubis AG , Electronic Recyclers International, Inc., Triple M Metal LP, Umicore, Sims Metal Management Ltd., TES Envirocorp Pte Ltd, Enviro-Hub Holdings Ltd., Boliden, Stena Metall Group, Waste Management, Inc., Tetronics among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global E-Waste Management Market by Material 

• • Metal
  • Plastic
  • Glass
  • Others

Global E-Waste Management Market by Source

• • Industrial Electronics
    • IT & Telecom Equipment
    • Medical Equipment
  • Consumers Electronics
    • Household Appliances
    • Handheld Electronics
    • Others
  • Others

Global E-Waste Management Market by Application

• • Disposal
  • Recycle

Global E-Waste Management Market by Region

• • • North America E-Waste Management Market (Option 1: As a part of the free 25% customization)
      • By Material
      • By Source
      • By Application
      • US Market All-Up
      • Canada Market All-Up
    • Europe E-Waste Management Market (Option 2: As a part of the free 25% customization)
      • By Material
      • By Source
      • By Application
      • UK Market All-Up
      • Germany Market All-Up
      • France Market All-Up
      • Spain Market All-Up
      • Rest of Europe Market All-Up
    • Asia-Pacific E-Waste Management Market (Option 3: As a part of the free 25% customization)
      • • By Material
        • By Source
        • By Application
        • China Market All-Up
        • India Market All-Up
        • Japan Market All-Up
        • Rest of APAC Market All-Up
    • RoW E-Waste Management Market (Option 4: As a part of the free 25% customization)
      • • By Material
        • By Source
        • By Application
        • Brazil Market All-Up
        • South Africa Market All-Up
        • Saudi Arabia Market All-Up
        • UAE Market All-Up
        • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global E-Waste Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Aurubis AG
  • Electronic Recyclers International, Inc.
  • Triple M Metal LP
  • Umicore, Sims Metal Management Ltd.
  • TES Envirocorp Pte Ltd
  • Enviro-Hub Holdings Ltd.
  • Boliden
  • Stena Metall Group
  • Waste Management Inc.
  • Tetronics