E-waste Management Market (2024-2031)
is projected to reach $114.5 billion by 2031, at a CAGR of 8.3% during the forecast period 2024–2031.
- Published
- Apr 2024
- Pages
- 210
- Format
- PDF + Excel
- Report ID
- MRSE - 104302
- Base year
- 2023
- 2031 · FORECAST
- $114.5B
- 2031
- $114.5B
- CAGR 2024–2031
- 8.3%
2023 baseline · 2024–2031 forecast at 8.3% CAGR · hover a bar for the value
Key highlights
In 2024, the Recycling & Reuse Segment is Expected to Dominate the E-waste Management Market
In 2024, the Consumer Electronics Segment is Expected to Dominate the E-waste Management Market
Asia-Pacific to be the Fastest Growing Regional Market
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | 210 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR | 8.3% |
| Estimated Market Size (Value) | $114.5 billion by 2031 |
| Segments Covered | By Method · Recycling & Reuse · Dispose/Trash · Landfill · Incineration · By Waste Source · Household Appliances · IT & Telecom Equipment · Consumer Electronics (CE) · Industrial Electronics (IE) · Medical Equipment · Other Waste Sources · By Material · Metals · Non-ferrous Metals · Ferrous Metals · Plastic & Resins · Other Materials |
| Countries Covered | North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, RoAPAC), Latin America (Mexico, Brazil, Rest of Latin America), and Middle East & Africa (UAE, Kuwait, Qatar, Saudi Arabia, Rest of Middle East & Africa). |
| Key Companies | Electronic Recyclers International, Inc. (ERI) (U.S.), Aurubis Ag (Germany), Sims Limited (U.S.), Umicore (Belgium), Mangalam ECS Environment Pvt. Ltd. (India), Boliden Group (Sweden), Tetronics Environmental Technology Company (U.K.), TRIPLE M METAL LP (Canada) (A subsidiary of Giampaolo Group Inc.), Enviro-Hub Holdings Ltd. (Singapore), Stena Metall Group (Sweden), Capital Environment Holdings Limited (Hong Kong), AMP Robotics Corporation (U.S.), Sembcorp Industries Ltd (Singapore), Tes Global Limited (U.K.), and Veolia (France). |
Report overview
Segments covered: method, source, material. Regions: North America, Europe, Asia-Pacific, Latin America.
The growth of this market is driven by the shortened lifecycle of electronic devices, increasing e-waste generation, stringent government regulations for e-waste management, and rising awareness among consumers about improper e-waste disposal. Additionally, the increasing government initiatives for e-waste management and continued advancements in e-waste recycling technologies are expected to create market growth opportunities. However, illegal e-waste dumping may restrain the growth of this market. The lack of a proper disposable/dumping system in ASEAN markets is a major challenge for the players operating in this market.
Additionally, the adoption of intelligent waste management and the implementation of reverse logistics processes a key trends in the E-waste Management market.
Report infographic
Market dynamics
1 factors across 1 forceSome of the developments in this market space are as follows
- In March 2023, Bharat Petroleum Corporation Limited (BPCL) (India) launched the special initiative "Sound Management of Waste Disposal (SMWD)” as part of its sustainability efforts to reduce and recycle e-waste. The company is working towards achieving Zero waste-to-landfill certification at all operating refineries and marketing locations by 2025.
- In July 2022, the County of Madera (U.S.) announced a collaboration with Redrock Environmental Group (U.S.) and Electronic Recyclers International, Inc. (ERI) (U.S.) to provide Madera County residents with a convenient way to responsibly recycle unwanted consumer electroni as part of the county’s free Electronic Waste Drop Off event.
- In April 2022, Call2Recycle, Inc. (U.S.) partnered with CellBlock FCS, LLC (U.S.) and Electronic Recyclers International, Inc. (ERI) (U.S.) to launch One Drum, the first mixed consumer battery collection product in the market. The solution allows customers to place and transport large volumes of consumer single-use and rechargeable batteries in one convenient container, eliminating the need to sort by chemistry or individually bag or tape battery terminals.
Table of contents
11 chapters · 111 sections · 210 pages · click to expandSegmental analysis
| Segment | Largest share (2024) | Fastest growth (2024–2031) |
|---|---|---|
| By Method | Recycling & Reuse | Plastic & resins |
| By Waste Source | Consumer Electronics | Household appliances |
| By Material | Metals | — |
By Method
- The dispose/trash segment is further segmented into landfill and incineration.
- The recycling & reuse segment is expected to account for the largest share of the global e-waste management market.
- The large market share of this segment is attributed to the increasing need to recover valuable materials such as metals (e.g., gold, silver, copper) and plastics for reuse in the manufacturing of new products, increasing need to comply with recycling targets and recycling standards, and growing need to conserve natural resources, reduce energy consumption, and minimize pollution compared to disposal methods like landfilling or incineration.
- The segment is also projected to register the highest CAGR during the forecast period.
- However, the plastic & resins segment is projected to register the highest CAGR during the forecast period due to the increasing need to recover valuable materials found in electronic devices, including ABS, PVC, and PP, increasing need to reduce the amount of plastic waste disposed of in landfills or incinerators, the growing shift towards a circular economy model, Advancements in plastic recycling technologies, and increasing government regulations and policies aimed at reducing plastic waste and promoting recycling.
By Waste Source
- The Consumer Electronics Segment is Expected to Dominate the E-waste Management Market
- The consumer electronics (CE) segment is expected to account for the largest share of the global e-waste management market.
- The large market share of this segment is attributed to the growing awareness about the environmental impact of improper e-waste disposal, frequent upgrades and replacements of consumer electronics, including smartphones, laptops, tablets, and gaming consoles, the growing shift toward a circular economy to minimize waste and maximize resource efficiency, and increasing government regulations and policies aimed at reducing e-waste.
- However, the household appliances segment is projected to register the highest CAGR during the forecast period due to the growing consumer demand for household appliances due to rapid urbanization and changing lifestyles, growing awareness about the environmental impact of improper appliance disposal, including the release of hazardous substances, and increasing disposal of old appliances to upgrade to newer and more energy-efficient models.
By Material
- The global e-waste management market is broadly segmented into metals, plastic & resins, and other materials.
- The metals segment is further segmented into non-ferrous metals and ferrous metals.
- The metals segment is expected to account for the largest share of the global e-waste management market.
- The large market share of this segment is attributed to the increasing demand for metals in various industries, including electronics manufacturing, automotive, and construction, increasing prices of metals, the growing need to reduce the environmental footprint associated with metal production, the growing need to recover valuable resources found in electronic waste (e-waste) including gold, silver, copper, aluminum, and palladium.
Geographic analysis
Asia-Pacific
Fastest growthAsia-Pacific is projected to register the highest CAGR during the forecast period due to the proliferation of electronic devices such as smartphones, computers, and household appliances, rising concerns regarding depleting precious and rare earth metals, growing consumer electronics industry, growing implementation of policies and initiatives to reduce the amount of e-waste and toxic substances in the environment, increasing technological advancements and innovation in the electronics industry, and growing awareness and concern for environmental sustainability in the APAC region. Asia-Pacific to be the Fastest Growing Regional Market
Competitive landscape
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the e-waste management market in the last three to four years. The key players profiled in the e-waste management market report are Electronic Recyclers International, Inc. (ERI) (U.S.), Aurubis Ag (Germany), Sims Limited (U.S.), Umicore (Belgium), Mangalam ECS Environment Pvt. Ltd. (India), Boliden Group (Sweden), Tetronics Environmental Technology Company (U.K.), TRIPLE M METAL LP (Canada) (A subsidiary of Giampaolo Group Inc.), Enviro-Hub Holdings Ltd. (Singapore), Stena Metall Group (Sweden), Capital Environment Holdings Limited (Hong Kong), AMP Robotics Corporation (U.S.), Sembcorp Industries Ltd (Singapore), Tes Global Limited (U.K.), and Veolia (France).
- Electronic Recyclers International, Inc. (ERI) (U.S.)
- Aurubis Ag · Germany
- Sims Limited (U.S.)
- Umicore · Belgium
- Mangalam ECS Environment Pvt. Ltd. · India
- Boliden Group · Sweden
- Tetronics Environmental Technology Company (U.K.)
- Enviro-Hub Holdings Ltd. · Singapore
- Stena Metall Group · Sweden
- Capital Environment Holdings Limited · Hong Kong
- AMP Robotics Corporation (U.S.)
- Sembcorp Industries Ltd · Singapore
- Tes Global Limited (U.K.)
- Veolia · France
Frequently asked questions
The global E-waste Management market is projected to reach $114.5 billion by 2031, at a CAGR of 8.3% during the forecast period.
Cite this report
Meticulous Research. (2024). E-waste Management Market - Global Opportunity Analysis and Industry Forecast (2024-2031) (Report No. MRSE - 104302). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/e-waste-management-market-5003