Key Market Overview:
E-waste management market is estimated to exceed USD 67.1 Billion by 2030 from a worth of USD 50.9 Billion in 2022, growing at a CAGR of 3.5% from 2022 to 2030.
E-waste management is a process that involves the collection, processing, and recycling of e-waste by using safe disposal techniques. This management helps in reducing the negative environmental impact caused by e-waste. Here, e-waste is referred to as discarded electrical or electronic equipment. Such discarded electronics contain toxic chemicals such as mercury, lead, brominated flame retardants, nickel, and polycyclic aromatic hydrocarbons (PAHs). Thus, e-waste management plays a crucial role to carry out the proper disposal of such harmful e-waste which poses serious threats to human life and ecosystems.
Further, a huge number of electronic components end up in landfills due to reduced focus on e-waste management. For instance, personal computers (PCs) contain a few highly toxic components such as chlorinated substances, biologically active materials, toxic gases, and acids along with plastics and plastic additives. These used PCs are commonly dumped into landfills after rigorous usage without undergoing any recycling processes.
Furthermore, the components, especially printed circuit boards, within these PCs require reliable e-waste management processes to reduce the harmful release of heavy metals such as lead and mercury into nature via soil and water pollution. Further, the need for safe disposal of heavy metals, cadmium-based batteries, cathode ray tubes, polyvinyl chloride (PVC) coated copper cables and other materials released from electronics supports the high demand for e-waste management.
|Market Size in 2030 (USD Billion)
|Office Equipment (Keyboards, Mice, Laptops Cases, USD memory Sticks, Others), Medical & Laboratory Equipment (Defibrillator, Digital Sphygmomanometer, Hot Plates, Dialysis Machines, Imaging Equipment, Microscopes, Calorimeters, and others), Cell Phone Batteries and Button Cells, IT and Telecommunication Equipment (Routers, Chipsets, Networking Cards/Equipment, Printed Circuit Boards, Modems, Others), Domestic Appliance (Refrigerator, Television, Smartphones, Tablets, Wearables, Others)
|Disposal (Reuse, Landfill, Incineration) Recycling
|By Processed Material
|Metals, Glass, and Plastic
|Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
|Capital Environment Holdings Limited (Hong Kong), Eri (U.S.), Tetronics Technologies Limited (U.K.), Tes (Japan), Sembcorp Environmental Management (Singapore), Enviro-Hub Holdings Ltd. (Singapore), Veolia (France), Umicore Ag & Co. Kg (Germany), WM Intellectual Property Holdings, L.L.C. (U.S.), Sims Lifecycle Services, Inc. (U.S.), Boliden AB (Sweden)
The growing adoption of electronics such as mobile phones, personal computers, air conditioners, and others among the population increases the need for safe disposal through e-waste management. Furthermore, several strict government rules and regulations have been imposed on manufacturers to safely collect and dispose-off e-waste generated during the manufacturing processes. Moreover, the rising initiatives for non-profit organizations to spread awareness about e-waste management also support the market growth.
The lack of knowledge regarding controlled e-waste management, especially in developing countries such as Brazil, Mexico, and India mainly limits the market growth. Further, the improper segregation of garbage by general waste management authorities also results in improper processing and recycling of e-waste, restraining the e-waste management growth.
The market witnessed a sudden decline during the initial phases of the COVID-19 pandemic. The closure of recycling and waste treatment plants across countries to reduce the spread of the virus is the major factor for such decline. Furthermore, the usage of electronics witnessed a drastic increase during the pandemic. The shift to a work-from-home model by major businesses resulted in high demand for electronics. However, post-pandemic, the supply chain of electronics was disrupted due to the shortage of microchips. Thus, the overall impact on the market is anticipated to be at a moderate level. With the resumed recycling facilities and growing initiatives by the government and businesses resulted in a high focus on improved e-waste management.
E-Waste Management Market Segmentation:
The source segment is divided into office equipment, medical equipment & materials, cell phone batteries and button cells, IT and telecommunication equipment, and domestic appliance. The IT and telecommunication equipment is further sub-segmented into chipsets, routers, modems, networking cards/equipment, printed circuit boards, and others. This segment is expected to support market growth in terms of large share contributions. These devices mainly account for over 70.2% of e-waste that generates toxic chemicals such as cadmium, lead, and mercury. Additionally, domestic appliances are also accountable for the largest share contribution to e-waste management market statistics. The most common problem is improper disposal of devices such as television, refrigerator, tablets, smartphones, wearables, and others. A large number of the population remain unaware of the safe and proper disposal of these devices, which pose harmful threats to the environment and human life due to the release of toxic chemicals. Thus, the high emphasis on the collection and processing of domestic appliances is anticipated to increase market growth.
The type segment is bifurcated into disposal and recycling. The disposal segment is further sub-segmented into landfill, reuse, and incineration. This segment is expected to contribute the largest share contribution to market growth in terms of volume. A large number of e-waste ends up in landfills or is incinerated (burned) due to unawareness of e-waste management. In many cases, the unauthorized waste collection systems also tend to improperly manage the disposal of e-waste which leads to increased piles of such chemically toxic materials. Further, recycling type of e-waste management includes extraction of chemicals such as gold, silver, aluminum, mainframes of devices, copper, and shredded plastics. These metals and substances further undergo chemical processing with certain catalysts that result in the creation of new and innovative products.
By Processed Material
The processed material segment is trifurcated into metals, glass, and plastic. The metal is primarily processed on a large scale due to the high demand for recycled metal in various end-use industries. The extracted metals comprise steel, copper, cast iron, or iron wrought, aluminum along with valuable metals such as gold, silver, palladium, and nickel. Steel and aluminum are the most commonly processed metals with high demand among manufacturers. Automobile and industrial manufacturers utilize these metals to build car parts, appliances, tools, door panels, and many more. Additionally, processed copper also finds applications in several plumbing and electrical wirings which help to save energy costs. Further, plastic is also mainly processed from generated e-wastes. Dedicated facilities utilize proper sorting equipment to separate different types of plastics. These separated plastics are further washed, shredded, and processed into plastic pellets that are used in home & office equipment, containers, playground equipment, and others. Thus, there is a high scope of using such processed materials to reduce the harmful environmental effects caused by these non-biodegradable substances.
The regional segment comprises Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Asia Pacific is anticipated to offer several e-waste management growth opportunities in terms of volume. A large volume of e-waste generated around the globe is exported to this region for recycling and treatment processes. This resulted in increased numbers of initiatives by e-waste management authorities located in Asia pacific to safely treat and recycle such materials.
Furthermore, the Middle East and Africa region is also projected to contribute substantial shares to the market growth in terms of value. The illegal disposal of e-wastes in this region has led their national governing bodies to implement strict regulations for e-waste management. Thus, a large-scale organized collection and treatment of electronic scraps aids in the increase of e-waste management growth in the Middle East and Africa region.
E-Waste Management Market Competitive Landscape:
The market research report on the E-waste management market offers a comprehensive evaluation of several parameters and market statistics. A range of insights is covered in terms of market dynamics, segmental analysis, SWOT analysis, and others. Market players have an opportunity to bolster their market position by understanding major mergers and collaborations, business strategies, and others. Following are the major market corporations currently functioning in market circumstances–
• Capital Environment Holdings Limited (Hong Kong)
• Eri (U.S.)
• Tetronics Technologies Limited (U.K.)
• Enviro-Hub Holdings Ltd. (Singapore)
• Sembcorp Environmental Management (Singapore)
• Tes (Japan)
• Umicore Ag & Co. Kg (Germany)
• Veolia (France)
• WM Intellectual Property Holdings, L.L.C. (U.S.)
• Sims Lifecycle Services, Inc. (U.S.)
• Boliden AB (Sweden)
• In July 2021, Singapore\'s first electronic and electrical waste (e-waste) management system which is based on extended producer responsibility (EPR).
• In July 2022, one of the leading U.S.-based recyclers of electronics, ERI, and Redrock Environmental Group collaborated with the County of Madera. This alliance is arranged to provide an appropriate way of recycling consumer electronics. This initiative is mainly focused on the residents of Madera County.