E-Waste Management Market Report 2023 | Industry Growth, Share, Size, Demand and Forecast by 2028

The latest report by IMARC Group, titled “E-Waste Management Market Report by Material Type (Metal, Plastic, Glass, and Others), Source Type (Consumer Electronics, Industrial Electronics, and Others), Application (Trashed, Recycled), and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global E-waste management market size reached US$ 63.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 132.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.84% during 2023-2028.

Factors Affecting the Growth of the E-Waste Management Industry:

• Increasing Electronic Device Adoption:

The relentless pace of technological advancement has led to a surge in electronic device adoption, from smartphones and laptops to tablets and smart home appliances. This widespread usage results in the continuous generation of electronic waste (e-waste). With consumers frequently upgrading their devices, the volume of e-waste is growing exponentially. This factor is driving the e-waste management market, as governments, businesses, and individuals seek sustainable solutions for the proper disposal and recycling of electronic equipment. E-waste management companies play a pivotal role in managing this electronic waste stream, ensuring that valuable resources are recovered and harmful materials are disposed of responsibly.

• Environmental Regulations and Sustainability:

Stringent environmental regulations and a growing emphasis on sustainability are driving the e-waste management market. Governments around the world are implementing laws and policies that mandate the safe disposal and recycling of electronic waste to prevent environmental contamination. Companies are also recognizing the importance of sustainability in their corporate social responsibility efforts, leading to increased e-waste recycling and responsible disposal practices. As awareness of the environmental impact of e-waste grows, the e-waste management market is witnessing greater demand for services that prioritize recycling, refurbishment, and safe disposal of electronic devices.

• Rising Awareness and Corporate Social Responsibility:

Growing awareness about the environmental and health risks associated with improper e-waste disposal is pushing individuals and organizations to adopt responsible e-waste management practices. Many companies are incorporating E-Waste Management into their Corporate Social Responsibility (CSR) initiatives, demonstrating their commitment to environmental stewardship and social sustainability. Consumers are also becoming more conscious of the impact of e-waste on the planet and are seeking out environmentally friendly disposal options. This increased awareness and sense of responsibility are driving the e-waste management market, with businesses and individuals alike seeking reliable solutions to dispose of electronics responsibly and ethically. The market is expected to continue to expand as these trends gain further momentum.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Aurubis AG
• Boliden AB
• Desco Electronic Recyclers CC
• Electronic Recyclers International Inc.
• MBA Polymers Inc.
• Sembcorp Industries
• Sims Lifecycle Services Inc.
• Stena Metall AB
• Tetronics Technologies Ltd.
• Umicore N.V.
• Veolia Environnement S.A.
• WM Intellectual Property Holdings LLC

E-Waste Management Market Report Segmentation:

By Material Type: 

• Metal
• Plastic
• Glass
• Others

Metal holds the largest position in the market metals as they are used in various components, including circuit boards, connectors, and wiring, making them crucial resources.

By Source Type:

• Consumer Electronics
• Industrial Electronics
• Others

Consumer electronics holds the largest market share due to the shifting consumer preferences toward sustainable and cruelty-free options. 

By Application:

• Trashed
• Recycled

Trashed accounts for the largest market share as many electronic devices that become outdated, malfunction, or experience technical failures are termed as trashed. 

By Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Asia Pacific leads the market due to urbanization which has led to a significant increase in the adoption of electronic devices.

E-Waste Management Market Trends:

The adoption of a circular economy approach is a prominent trend in the E-Waste Management market. Instead of following the traditional linear model of "take-make-dispose," businesses and governments are increasingly focused on circular practices, which prioritize recycling, refurbishing, and reusing electronic devices and components. This trend is driven by both environmental concerns and economic benefits. E-Waste Management companies are playing a vital role in facilitating the recovery and refurbishment of electronic products, thereby extending their lifespan and reducing overall e-waste generation. Besides, stringent e-waste legislation and the implementation of Extended Producer Responsibility (EPR) programs are shaping the market.

Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/e-waste-management-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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