E-Waste Management Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Material Recovery (Metal, Plastic, Glass, and Others); Source Type (Home Appliances, Information and Communication Technology Devices, Electronic Utilities, Office and Medical Equipment, and Others); and Region/Country
Detailed Analysis of COVID-19 Impact on the E-Waste Management Market
The global e-waste management market is expected to register a CAGR of around 15% over the period of 2021-2027. The global e-waste management market is uplifting on account of the rapid obsolescence of electronic gadgets along with the rising disposable income. Moreover, 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. Moreover, according to the World Health Organization (WHO), health risks may result from direct contact with toxic compounds that brine from e-waste. Danger can come from inhalation of the toxic fumes, as well as from the collection of chemicals in soil and water. The need for e-waste management will be boosted by increased awareness about the benefits of e-waste management and rising environmental concerns.
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 are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst material recovery, metal category held a prominent share in the market in 2020”
Based on material recovery, the market is divided into metal, plastic, glass, and others. In 2020, the metal segment accounted for a significant share of the global e-waste management market and is anticipated to witness a robust growth rate during the forecast period. One of the most prominent reasons for the growth of this segment is that the recycling metals from e-waste significantly reduce dependency on the mining, processing, and extraction of precious metals such as gold, silver, copper, and others.
“Amongst source type, home appliance category held a prominent share in the market in 2020”
Based on 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 capture a prominent share in the global e-waste management market in 2020 and is anticipated to grow at a steady rate during the forecast period. Some of the most prominent factors driving the growth of this segment are the rising disposable income and the increasing adoption of smart devices and IoT devices in homes.
“North America to witness significant growth during the forecast period”
North America held a prominent share of the global e-waste management market in 2020 and is expected to showcase a substantial growth rate during the forecast period. This can be attributed to the strong emphasis on digital transformation and the trend of being adopters of next-generation technologies. Many businesses and households in North America are developing smart infrastructure for their convenience and comfort. In addition, with the aim to achieve the net-zero target, e-waste management has become one of the core strategies for reducing carbon emissions in most of the countries in the region because e-waste significantly contributes to the overall pollution.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the E-Waste Management Market|
|2.2.||Research Methodology of the E-Waste Management Market|
|2.5.||Main Objective of the E-Waste Management Market Study|
|5||E-WASTE MANAGEMENT MARKET COVID-19 IMPACT|
|6||E-WASTE MANAGEMENT MARKET REVENUE (USD BN), 2019-2027F|
|8.2.||Information Technology and Communications Devices|
|8.4.||Office and Medical Equipment|
|9.1.3.||Rest of North America|
|9.2.5.||Rest of Europe|
|9.3.5.||Rest of Asia-Pacific|
|9.4.||Rest of the World|
|11||E-WASTE MANAGEMENT MARKET OPPORTUNITIES|
|12||E-WASTE MANAGEMENT MARKET TRENDS|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|14.2.1.||Top Product Launches|
|14.2.2.||Top Business Partnerships|
|14.2.3.||Top Business Expansions|
|14.2.4.||Top Merger and Acquisitions|
|15||VALUE CHAIN ANALYSIS|
|16.1.||Porters Fiver Forces Analysis|
|16.1.1.||Bargaining Power of Buyer|
|16.1.2.||Bargaining Power of Supplier|
|16.1.3.||Intensity of Rivalry|
|16.1.4.||Threats of New Entrant|
|16.1.5.||Threat of Substitute|
|17.2.||MBA Polymers Inc.|
|17.3.||Electronic Recyclers International Inc.|
|17.5.||Sims Metal Management Ltd.|
|17.7.||Stena Technoworld AB|
|17.8.||Enviro-Hub Holdings Ltd.|
|17.9.||Global Electric Electronic Processing Inc.|
|17.10.||Tetronics Environmental Waste Treatment Company|
Research Methodology for the E-Waste Management Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global e-waste management market were the three major steps undertaken to create and analyze the adoption of e-waste management in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global e-waste management market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the e-waste management market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the e-waste management market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as material recovery and source type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the e-waste management market. Further, we conducted factor analysis using dependent and independent variables such as various material recovery and source type of e-waste management. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the e-waste management market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global e-waste management market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of e-waste management market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global e-waste management market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global e-waste management market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of material recovery and source type in the global e-waste management market.
The main objective of the Global E-Waste Management Market Study
The current & future market trends of the global e-waste management market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the e-waste management market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of material recovery and source type.
- Define and analysis of the regulatory framework for the e-waste management market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the e-waste management market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the World.
- Company profiles of the e-waste management market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry