E-Waste Management Market Size, Share, Growth Analysis, By Material Type (Glass Recycler, Metal Recycler,), By Material (Metal, Plastic), By Source, By Application, By Region - Industry Forecast 2024-2031
Global E-Waste Management Market size was valued at USD 57.80 billion in 2022 and is poised to grow from USD 66.87 billion in 2023 to USD 214.75 billion by 2031, growing at a CAGR of 15.7% in the forecast period (2024-2031).
E-waste management encompasses the recycling, resale, reuse, and disposal of electronic and electrical equipment, highlighting the importance of handling precious metals like silver, gold, and palladium found within e-waste. As consumer electronics and IT devices increasingly rely on these rare elements, the high costs associated with them emphasize the need for sustainable practices such as reuse and repair. Consequently, manufacturers are increasingly sourcing raw materials from recovered e-waste, contributing to reduced greenhouse gas emissions and mitigating global warming risks. Additionally, the trend of replacing rather than repairing outdated devices fuels e-waste production, while the health risks linked to improper toxic waste disposal drive demand for effective management strategies. Together, these dynamics positively influence market growth in e-waste management.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global E-Waste Management market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global E-Waste Management Market Segmental Analysis
Global E-Waste Management Market is segmented by Type, by Material, by Source, by Application and by Region. Based on Type, the market is segmented into Glass Recycler, Metal Recycler, Plastic Recycler, Printed Circuit Board Recycler. Based on Material, the market is segmented into Metal, Plastic, Glass, Others. Based on Source, the market is segmented into Industrial Electronics (IT & Telecom Equipment, Medical Equipment), Consumer Electronics (Household Appliances, Handheld Electronics, IT Accessories, IT Equipment, PCBs), Others. Based on Application, the market is segmented into Disposal, (Reuse, Landfill, Incineration) Recycle. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global E-Waste Management Market
The rapid decline in the lifespan of electronic devices is significantly driving the growth of the global e-waste management market. As the demand for newer models rises, particularly in developing countries fueled by an expanding middle class and evolving consumer preferences, a corresponding surge in electronic waste is being generated. The scarcity of precious metals further emphasizes the necessity for effective recycling processes. Moreover, many manufacturers are adopting sustainable disposal methods, such as take-back policies, to ensure proper management of electronic equipment at end-of-life. Collectively, these factors are anticipated to foster substantial growth in the e-waste management market during the forecast period.
Restraints in the Global E-Waste Management Market
The global E-Waste Management market faces several constraints that could hinder its growth in the coming years, primarily high recycling costs and insufficient garbage collection infrastructure. These factors contribute significantly to the increased expenses associated with e-waste recycling. Challenges such as the presence of valuable materials and toxic substances, coupled with transportation and sorting costs, further elevate recycling prices. Additionally, the diverse nature of e-waste management practices complicates the recycling process. Materials in electronic devices, including iron, aluminum, copper, lead, nickel, tin, and plastics, often have low reclamation values and require high labor input, making recycling financially unviable. Consequently, the cost to recycle e-waste can be approximately ten times that of simply disposing of it, presenting a substantial barrier to market advancement.
Market Trends of the Global E-Waste Management Market
The Global E-Waste Management market is witnessing a significant trend as jewellery brands increasingly embrace reprocessed metals from electronic waste as a sustainable alternative to mined resources. This shift not only enhances the ethical appeal of jewellery but also addresses environmental concerns linked to traditional mining practices. With approximately 7% of the world's gold found in obsolete electronics, the lucrative potential of recycling is becoming evident. As brands recognize the effectiveness of gold and other precious metals in electronics for their conductivity and corrosion resistance, the market is poised for growth, driven by both consumer demand for sustainable products and the urgent need for responsible resource management.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technological Advancement
Regulatory Landscape
Case Studies
Global E-Waste Management Market Size by Type & CAGR (2024-2031)
Glass Recycler
Metal Recycler
Plastic Recycler
Printed Circuit Board Recycler
Global E-Waste Management Market Size by Material & CAGR (2024-2031)
Metal
Plastic
Glass
Others
Global E-Waste Management Market Size by Source & CAGR (2024-2031)
Industrial Electronics
IT & Telecom Equipment
Datacenters
Networking Cards/Equipment
Digital Boards
Others
Medical Equipment
Monitoring And Control Equipment
Others
Consumer Electronics
Household Appliances
Refrigerator
Television
Others
Handheld Electronics
Smartphones
Tablets
Wearables
Others
IT Accessories
Keyboards
Mice
Laptop Cases
USB Memory Sticks
Others
IT Equipment
Desktops
Laptops
Netbooks
Others
PCBs
High-grade
Medium-grade
Low-grade
Others
Global E-Waste Management Market Size by Application & CAGR (2024-2031)
Disposal
Reuse
Landfill
Incineration
Recycle
Global E-Waste Management Market Size by Region & CAGR (2024-2031)
North America, (by Type, by Material, by Source, by Application)
US
Canada
Europe, (by Type, by Material, by Source, by Application)
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific, (by Type, by Material, by Source, by Application)
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America, (by Type, by Material, by Source, by Application)
Brazil
Rest of Latin America
Middle East & Africa, (by Type, by Material, by Source, by Application)