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E-Waste Management Market Research Report: Information By Application (Trashed and Recycled), By Material (Metal, Plastic, Glass, and Others), By Source Type (Household Appliances, Industrial Electronics, and Consumer Electronics) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

ID: MRFR/ICT/20378-HCR | 128 Pages | Author: Aarti Dhapte| July 2024

E-Waste Management Market Overview

The E-Waste Management Market is projected to grow from USD 67.51 billion in 2024 to USD 190.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.00% during the forecast period (2024 - 2032). Additionally, the market size for e-Waste management was valued at USD 58.2 billion in 2023.

Increased adoption of the circular economy and stringent guidelines regarding e-waste management and disposal are the key market drivers enhancing market growth.

Figure 1: E-Waste Management Market Size, 2023-2032 (USD Billion)

E-Waste Management Market Research Report – Forecast till 2032

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

E-Waste Management Market Trends

Growing emphasis on circular economy principles is driving market growth

Market CAGR for e-waste management is being driven by the rising emphasis on circular economy principles. The increasing emphasis on circular economy principles is revolutionizing the market of e-waste management by reshaping the way we perceive and handle electronic waste. The concept of the circular economy focuses on reducing waste and maximizing resource efficiency by designing products for longevity, repairability, and recyclability. In the context of e-waste management, this approach is crucial due to the rapid proliferation of electronic devices and the environmental hazards associated with their disposal.

One of the primary drivers of the e-waste management market within the circular economy framework is the surging awareness of environmental sustainability among consumers, businesses, and policymakers. As people become more conscious of the negative impacts of electronic waste on ecosystems and human health, there is a collective push for responsible disposal and recycling practices. Furthermore, regulatory measures and government initiatives around the world are increasingly focused on addressing e-waste through circular economy strategies. Legislation mandating extended producer responsibility (EPR) requires manufacturers to take responsibility for end-of-life disposal of their products, incentivizing them to design for recyclability and implement take-back programs. These policies create a conducive environment for the development of e-waste management infrastructure and spur innovation in recycling technologies. Another key aspect of the circular economy driving the e-waste management market is the shift towards product stewardship and closed-loop systems. Manufacturers are exploring ways to incorporate recycled materials into new products, thereby reducing the demand for virgin resources and mitigating environmental degradation. This creates opportunities for collaboration across industries as companies seek to establish supply chains that prioritize sustainability and traceability.

Additionally, the circular economy approach promotes the adoption of innovative business models such as leasing, sharing, and remanufacturing, which prolong the lifespan of electronic devices and reduce overall consumption. By incentivizing product durability and repairability, these models align with the principles of waste reduction and resource conservation. Moreover, the circular economy fosters the development of a thriving secondary market for refurbished electronics, providing affordable alternatives to consumers while diverting products from landfills. As awareness grows and consumer preferences shift towards sustainable consumption patterns, the demand for refurbished devices is expected to rise, driving market growth in the e-waste management sector. Thus, driving the E-Waste Management market revenue.

E-Waste Management Market Segment Insights

E-Waste Management Application Insights

The E-Waste Management market segmentation, based on application, includes Trashed and Recycled. In 2023, the trashed segment dominated the market by providing a user-friendly platform that connects consumers with certified e-waste recyclers and disposal services. Through its intuitive interface, trash simplifies the process of recycling electronics, offering convenience and transparency to users. By leveraging technology to streamline e-waste disposal, trash has gained widespread adoption, becoming a trusted solution for individuals and businesses considering responsibly disposing of their electronic devices. Its comprehensive network of recycling partners and commitment to sustainability further solidify trashed's position as a leader in the e-waste management industry. Further, the recycling section is the second-most dominant as it includes recovering rare metals from waste and lowering pollution levels.

E-Waste Management Material Insights

The E-Waste Management market segmentation, based on material, includes Metal, Plastic, Glass, and Others. In 2023, the metal category dominates the market due to its abundance and economic value. Metals such as copper, gold, silver, and aluminum are commonly found in electronic devices and possess high recyclability rates. Recycling metals from e-waste not only reduces the need for mining raw materials but also minimizes environmental pollution and energy consumption associated with primary metal production. Consequently, the lucrative nature of metal recycling incentivizes investments in e-waste processing facilities, making metal material recovery a cornerstone of sustainable e-waste management practices. Further, the plastic section is the second-most dominant in the market.

Figure 2: E-Waste Management Market, by Source Type, 2023 & 2032 (USD Billion)

E-Waste Management Market, by Source Type, 2023 & 2032

Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review

E-Waste Management Source Type Insights

The E-Waste Management market segmentation, based on source type, includes Household Appliances, Industrial Electronics, and Consumer Electronics. In 2023, the household appliances category dominated the market due to their ubiquity and shorter lifespan compared to other electronic devices. Items like refrigerators, washing machines, and microwaves are frequently replaced as newer models with enhanced features enter the market, resulting in a steady influx of discarded appliances. Their bulky nature and complex composition pose unique challenges for recycling, making effective management strategies essential for minimizing environmental impact and maximizing resource recovery. As a result, e-waste management initiatives often prioritize the handling and recycling of household appliances to address this significant component of the electronic waste stream.

E-Waste Management Regional Insights

By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American E-Waste Management market area will dominate this market driven by stringent regulations, increasing awareness of environmental sustainability, and the growing adoption of corporate social responsibility practices among businesses and consumers, all of which stimulate demand for responsible disposal and recycling solutions.

Further, the primary countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, India, Japan, Australia, and South Korea.

Figure 3: E-Waste Management Market Share By Region 2023 (USD Billion)

E-Waste Management Market Share By Region 2023

Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe's E-Waste Management market accounts for the second-largest market share due to the stringent regulatory frameworks and policies focused on promoting sustainability and circular economy principles. Further, the German E-Waste Management market held the largest market share, and the UK E-Waste Management market is the rapid-growing market in the European region.

The Asia-Pacific E-Waste Management Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the rapid expansion of electronic consumption and technological advancement. Moreover, China’s E-Waste Management market held the largest market share, and the Indian E-Waste Management market is the rapid-growing market in the Asia-Pacific region.

E-Waste Management Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the E-Waste Management market grow even more. Market players are also undertaking several strategic activities to spread their footprint, with important market developments including contractual agreements, new product launches, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and sustain in a more competitive and rising market climate, the E-Waste Management industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the e-waste management industry to benefit clients and improve the market sector. In recent years, the E-Waste Management industry has offered some of the most significant advantages to the environment. Major players in the E-Waste Management market, including Sims Limited, Electronic Recyclers International, Inc., Aurubis AG, MBA Polymers, Inc., Umicore, Electric Electronic Processing Inc., Stena Metall AB, Waste Management, Inc., Enviro-Hub Holdings Ltd., Lifespan Technology Recycling, Inc., and others, are trying to raise the market demand by investing in research and development operations.

ERI, or Electronic Recyclers International, is a leading electronic waste recycling company based in the United States. Established in 2002, ERI specializes in environmentally responsible recycling of electronic devices, including computers, televisions, and mobile phones. With state-of-the-art facilities and certifications such as e-Stewards and R2, ERI ensures secure and sustainable disposal of e-waste while maximizing resource recovery. The company's innovative approach to recycling and commitment to data security has made it a trusted partner for corporations, government agencies, and consumers seeking responsible e-waste management solutions. In July 2022, ERI, one of the e-waste management players, partnered with CellBlock FCS and Call2Recycle for an innovative battery collection solution, OneDrum. It allows customers to place and transport huge volumes of consumer single-use and rechargeable batteries in one suitable container, eliminating the necessity to categorize it by chemistry or bag the battery terminals.

TES (Technology Enabled Services) is a leading provider of lifecycle management solutions for electronic waste. TES offers services ranging from collection and recycling to data destruction and resale of refurbished electronics. The company prioritizes sustainability and circular economy principles, aiming to minimize environmental impact while maximizing value recovery from e-waste. TES serves a diverse clientele, including businesses, governments, and consumers, helping them navigate the complexities of electronic waste management responsibly and efficiently. In February 2022, an e-waste and IT Asset Disposal (ITAD) firm, TES, and SK eco plant, a South Korean construction firm, signed an agreement where SK eco plant acquired a 100% share of TES.

Key Companies in the E-Waste Management market include

  • Sims Limited

  • Electronic Recyclers International, Inc.

  • Aurubis AG

  • MBA Polymers, Inc.

  • Umicore

  • Electric Electronic Processing Inc.

  • Stena Metall AB

  • Waste Management, Inc.

  • Enviro-Hub Holdings Ltd.

  • Lifespan Technology Recycling, Inc.

E-Waste Management Industry Developments

January 2020: Sembcorp Industries acquired Veolia ES Singapore and the public cleaning business of Veolia ES Singapore Industrial through its wholly-owned subsidiary SemWaste. The acquisition is anticipated to improve the e-waste management capabilities of Sembcorp Industries.

E-Waste Management Market Segmentation

E-Waste Management Application Outlook

  • Trashed

  • Recycled

E-Waste Management Material Outlook

  • Metal

  • Plastic

  • Glass

  • Others

E-Waste Management Source Type Outlook

  • Household Appliances

  • Industrial Electronics

  • Consumer Electronics

E-Waste Management Regional Outlook

  • North America

  • US

  • Canada

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 58.2 Billion
Market Size 2024 USD 67.51 Billion
Market Size 2032 USD 190.8 Billion
Compound Annual Growth Rate (CAGR) 16.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Application, Material, Source Type and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, Australia, India, South Korea
Key Companies Profiled Sims Limited, Electronic Recyclers International, Inc., Aurubis AG, MBA Polymers, Inc., Umicore, Electric Electronic Processing Inc., Stena Metall AB, Waste Management, Inc., Enviro-Hub Holdings Ltd., Lifespan Technology Recycling, Inc.
Key Market Opportunities Innovative recycling technologies for valuable materials extraction and reuse.
Key Market Dynamics Increased stringent guidelines regarding e-waste management and disposal.

Frequently Asked Questions (FAQ) :

The E-Waste Management market size was valued at USD 58.2 Billion in 2023.

The market is foreseen to rise at a CAGR of 16.00% during the forecast period, 2024-2032.

North America held the biggest share of the market.

The key players in the market are Sims Limited, Electronic Recyclers International, Inc., Aurubis AG, MBA Polymers, Inc., Umicore, Electric Electronic Processing Inc., Stena Metall AB, Waste Management, Inc., Enviro-Hub Holdings Ltd., Lifespan Technology Recycling, Inc., and others.

The metal category dominated the market in 2023.

Household appliances had the largest share of the market.

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