Published on 29 Jun 2019:

Meticulous Research® – leading global market research company is researching on e-waste management market titled “E-waste Management Market by Waste Source (Industrial Electronics, Consumer Electronics, Household Appliances), End-use Industry (Consumer Electronics, Home Appliances, IT & Telecommunication, Others), Type (Recycled, Disposable/ Trashed), Material (Metals, Plastic & Resins, Glass, Others), Methods (Land Filling, Incineration, Recycle, Reuse, Cloud),  and Region - Global Forecast to 2025”.

Short lifespans of electricals and electronics devices is responsible for the rapid generation of E-waste materials over the past years. Moreover, the adaptation of new technologies leads to produce large e-waste is anticipated to steer a major quantity of waste generation, thereby driving the growth of the market. A straight impact of e-waste dumping includes the release of toxic compounds which contains acidic and carcinogenic substances that are leading to biomagnification of heavy metals. Governments are framing several rules and regulations to efficiently manage e-waste materials that reduce the pollution, global warming, and environmental hazards. For instance, in India, the Ministry of Environment, Forests, and Climate Change have ordered that electronic gadget makers are reimbursing penalties for recycling and reducing e-waste in the country that encourages the demand of e-waste management during the forecast period.

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Metal waste is Projected to Register Exponential Growth during the Forecasted Period in the E-waste Management Market

Based on materials, the e-waste market is segmented into metal, plastics & resins, glass, and others. Among these, metals are expected to be the fastest growing segment in the market due to the technological advancements in consumer electronics. Governments across the globe are taking several initiatives towards awareness of e-waste collection and provides significant funding for recycling, ultimately giving rise to the further growth of the market.

Consumer Electronics is Expected to Witness the Highest CAGR during the Forecast Period

Based on end use, the e-waste management market is segmented into consumer electronics, home appliances, IT & telecommunication, and others. Among these, consumer electronics is expected to be the fastest growing segment in the market due to rapidly increasing product modernization, largely in the electronics appliances. In addition, the adaptation of digital technologies is boosting the demand for electronic devices in the E-waste management market during the forecast period.

Asia-Pacific: The Fastest Growing Regional Market

In terms of geography, North America, comprising the U.S. and Canada, accounted for the largest share of the global market. However, Asia-Pacific is expected to witness the rapid growth during the forecast period. Environmental pollution is the sensitive factor that contributes maximum to the growth of the global e-waste generation market. In addition, growing automation, infrastructural developments, environmental awareness, and usage of electronic devices are the key factors driving the growth of the e-waste management market.

Key Players

The key players operating in the e-waste management market are Electronic Recyclers International Inc. (US), Aurubis AG (Germany), Sims Metal Management Ltd. (Australia), Umicore S.A. (Belgium), CRT Recycling Inc. (US), Stena Metall AB (Sweden), Enviro-Hub Holdings Ltd. (Singapore), Polymers Inc. (California), Tetronics (International) Ltd. (U.K.), Triple M Metal LP (California), Global Electric Electronic Processing Inc. (Canada), and Boliden AB (Sweden).

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