Global E-Waste Management Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- July 7, 2022
- ENERGY & POWER, NEWS
- E-Waste Management Market, E-Waste Management Market Analysis, E-Waste Management Market Forecast, E-Waste Management Market Growth, E-Waste Management Market Report, E-Waste Management Market Share, E-Waste Management Market size, E-Waste Management Market Trend
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Global e-waste management market is expected to register a CAGR of around 15% over the period of 2021-2027. This is mainly due to the obsolescence of electronic gadgets and rising disposable income. Further, the increasing demand for rare metals followed by the short lifespan of electronic gadgets will positively stimulate the industry landscape. E-waste must be collected, recovered, and recycled because it is dangerous to the environment, most electronic devices and hardware contain some form of toxic materials, including beryllium, cadmium, mercury, lead, and others, which possess serious environmental risks to soil, water, air, and wildlife.
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Based on material recovery, the market is segmented into metal, plastic, glass, and others. The metal segment accounted for a prominent share of the global e-waste management market in 2020 and is expected to witness a substantial growth rate during the forecast period. This is because recycling metals from e-waste significantly reduce dependency on the mining, processing, and extraction of precious metals such as gold, silver, copper, and others.
On the basis of source type, the market is categorized into home appliances, information and communication technology devices, electronic utilities, office and medical equipment, and others. Among these, home appliance held a significant share in the global e-waste management market in 2020 and is anticipated to witness a robust growth rate during the forecast period. This is mainly due to rising disposable income and the increasing adoption of smart devices and IoT-based devices in households.
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For a better understanding of the market adoption of e-waste management the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America acquired a commendable share of the market in the e-waste management market and is expected to grow at a robust CAGR mainly owing to the development of new products due to continuous innovations and the constantly declining prices of electronic products. Moreover, growing urbanization and population coupled with rising disposable income and constantly evolving residential infrastructure is further contributing to the e-waste management market in the region.
Some of the major players operating in the e-waste management market are Boliden AB, MBA Polymers Inc., Electronic Recyclers International Inc., Aurubis AG, Sims Metal Management Ltd., Umicore S.A., Stena Technoworld AB, Enviro-Hub Holdings Ltd., Global Electric Electronic Processing Inc., Tetronics Environmental Waste Treatment Company.
Global E-Waste Management Market Segmentation
Market Insight, by Material Recovery
Market Insight, by Source Type
- Home Appliances
- Information and Communication Technology Devices
- Electronic Utilities
- Office and Medical Equipment
Market Insight, by Region
- North America
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Boliden AB
- MBA Polymers Inc.
- Electronic Recyclers International Inc.
- Aurubis AG
- Sims Metal Management Ltd.
- Umicore S.A.
- Stena Technoworld AB
- Enviro-Hub Holdings Ltd.
- Global Electric Electronic Processing Inc.
- Tetronics Environmental Waste Treatment Company