E-Waste Management Market Size, Key Drivers, Growth, Demand, Analysis 2024-2033

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Overview and Scope

Electronic waste (E-waste) management refers to handling and disposing of electronic waste to minimize its environmental impact. It involves the safe disposal, reuse, and recycling of electronic products such as computers, cell phones, TVs, and other digital devices that are no longer in use.

Sizing and Forecast

The e-waste management market size has grown rapidly in recent years. It will grow from $60.25 billion in 2023 to $70.0 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to increasing e-waste generation, corporate social responsibility, demand for new products, environmental concerns, demand for scrap management solutions.

The e-waste management market size is expected to see rapid growth in the next few years. It will grow to $118.32 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to health issues, circular economy initiatives, smart devices, electrification of transportation, urban mining and resource recovery. Major trends in the forecast period include technological advancement, technological innovations in recycling, integration of digital solutions, advanced recycling technologies, eco-design.

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Segmentation & Regional Insights

The e-waste management market covered in this report is segmented –

1) By Type: Recycled, Unrecycled

2) By Source: Industrial Electronics, Information Technology (IT) And Telecom Equipment, Datacenters, Networking Cards Or Equipment, Digital Boards, Other Sources

3) By Material Recovery: Metal, Plastic, Glass, Other Materials

4) By Application: Disposal, Reuse, Landfill, Incineration, Recycle

Europe was the largest region in the e-waste management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

Increasing sales of electronic products are expected to propel the growth of the e-waste management market going forward. An electronic product refers to a manufactured or assembled device with an electronic circuit generating or emitting physical fields of radiation. The sales of electronic products are increasing due to continuous innovation, expanding consumer demand, and the widespread integration of technology into various aspects of daily life. The role of e-waste management in electronics products is crucial for minimizing environmental impact, promoting sustainability, and ensuring responsible disposal and recycling of electronic devices. For instance, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, electronic device production rose to $2,178,430 million (¥32,099 million) in May 2023, indicating an increase from $1,714,724 million (¥25,268 million) recorded in May 2022. Therefore, the increasing sales of electronic products are driving the e-waste management market.

Key Industry Players

Major companies operating in the e-waste management market are Glencore International AG, Veolia Environment SA, Aurubis AG, Waste Management Inc., Boliden AB, Sembcorp Industries Ltd., Suez SA, Umicore N.V., Stena Metall Group, Sims Lifecycle Services, Covanta Holding Corporation, Sims Limited, OnePlus Technology Co. Ltd., Capital Environmental Holdings Ltd., Kuusakoski Group, Electronic Recyclers International Inc., Attero Recycling Pvt. Ltd., ecoATM LLC, Enviro-Hub Holdings Ltd., Cohen Recycling, Triple M Metal LP, MBA Polymers Inc., Lifespan Technology Recycling Inc., Big Belly Solar LLC, All Green Electronics Recycling LLC, Eltech Appliances, Cimelia Resource Recovery Pte Ltd., GNR Solutions Private Limited, Ecoreco

The e-waste management market report table of contents includes: