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E-waste Management Market, Size, Share 2021-2028

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vikram pathari
E-waste Management Market, Size, Share 2021-2028

Market Overview

The Global E-waste Management Market is expected to grow at a high CAGR of 11.9% during the forecasting period (2021-2028).

E-waste is the electronics systems & products which are discarded, unwanted, and not working. The electronic waste contains stereos, televisions, copiers, VCRs, fax machines and computers which require electronic equipment management. Thus, the E-waste are dangerous due to presence of toxic chemicals, different complex types of materials which requires proper management. The E-waste management includes refurbishment, resale, disposals, reuse, salvage recycling through material recovery, which are considered e-waste is particularly that require shredding, sorting from the metals.


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Market Dynamics:

The market is driven by the rising the demand of the E-waste management due to increasing the sale of electrical & electronics devices globally. According to the International Solid Waste Association Report in 2019, the E-waste generated to around 53.6 Million tonnes around the globe and is projected to reach around 72 million tonnes by 2030. This is primarily due to growing demand for the advanced electronics & electrical devices. The organization also stated that the e-waste growing with of the approximately 2.01 billion metric tonnes from solid waste per year. This growth in e-waste is amplified demand for electronic and electrical equipment management business to reduce the wastage.

There is a rise in the adoption of the advanced technology electronics and electronics devices with growing government funding and subsidiaries for implementing the recycling technology to enhance the sustainable environment. For instance in 2020, as per the Global E-waste Statistics Partnership (GESP), the global e-waste has been increased by 21 % during the forecast period. Furthermore growing partnerships and government programs to monitor and manage the E-waste has created ample opportunity for this market. For instance on 2nd July 2020 International Solid Waste Association (ISWA) has been collaborated with United Nations University (UNU) and the International Telecommunication Union (ITU) to start the SCYCLE Programme to create The Global E-waste Monitor 2020 for addressing the e-waste challenge.


Segment Analysis

– By Material Type

·      Glass for E-waste Management the industry

·      Plastic

·      Metal

·      Others

– By Source Type

·      Consumer Electronics

·      Industrial Electronics

·      Household Appliances

·      Others


Geographical Presentation

By region, the global E-waste Management market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is the dominated region for the global E-waste management market and expected to grow at the highest CAGR during the forecasted period due to presence of huge population with increasing the sale of electronic devices followed by Europe region. According to the International Solid Waste Association Report, Asia generated around 24.9 million tonnes of E-waste due to increasing the adoption of advanced electronic and electrical devices which propels the demand for replacement of old device with new followed by North America.

North America and Europe are also growing at faster pace owing to increasing the demand for recycling units due to raising the adoption of advanced technology electronic and electrical devices. As per the above mentioned organization in America the e-waste generation per capita in 2019 was registered to around 13.3 kg whereas in Europe 16.1 kg. Furthermore in the same year America and Europe had been generated a total of 13.1 Mt and 12 Mt of E-waste which includes computers, stereos, televisions, copiers etc.


Competitive Analysis

The global E-waste Management market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Electronic Recyclers International, Stena Metall AB, Aurubis AG, MRI, MBA Polymers Inc, Waste Management inc., Enviro-Hub Holdings Limited, LifeSpan Technology Recycling Inc, SIMS Metal Management Limited, Boliden AB, Tetronics Limited, and Umicore SA are the leading market players with significant market share.

Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 22nd June 2017, MBA Polymers was acquired by the Müller-Guttenbrunn Group (MGG) to expand the plastic recycling plant product portfolio.


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About Us 

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

 

For more information: 

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com

 

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