PUBLISHER: BCC Research | PRODUCT CODE: 1267444
PUBLISHER: BCC Research | PRODUCT CODE: 1267444
The global electronic waste management market should reach $108.1 billion by 2027 from $59.8 billion in 2022 at a compound annual growth rate (CAGR) of 12.6% for the forecast period of 2022 to 2027.
North American electronic waste management market is expected to grow from $17.3 billion in 2022 to $35 billion in 2027 at a CAGR of 15.1% for the forecast period of 2022 to 2027.
Asia-Pacific electronic waste management market is expected to grow from $24 billion in 2022 to $40.2 billion in 2027 at a CAGR of 10.8% for the forecast period of 2022 to 2027.
E-waste or electronic waste management technologies and recycling market comprises one of the fastest-growing waste streams in emerging and developed regions. Rapid technology innovations and ever-shortening product life cycles are among the factors contributing to the rapid growth of electronic waste. Electronic waste is an inherently complex problem to manage because of its duality as both a valuable commodity and a source of hazardous waste. This dichotomy drives the constant challenge to utilize a potential economic resource most effectively while sufficiently mitigating environmental and social damage.
Various economic, environmental, and social factors influence electronic waste practices and are influenced by them. The information technology asset disposition (ITAD) industry feels the weight of these changes due to the tremendous volume and scale of electronic waste it processes. This report summarizes commercial end-user and value recovery industry practices for end-of-life management, primarily determined by regulations and industry standards. The report also characterizes those practices' environmental implications and identifies which have the least potential environmental impact.
Regional and country-level markets are segmented and analyzed by recovered materials and applications. The report also covers the impact of the COVID-19 pandemic and the Russia-Ukraine war. The market sizes and estimations are provided regarding revenue, with 2021 as the base year; market forecasts will be given for 2022 to 2027.
Figure A : Research Methodology Applied for the Global Electronic Waste Management Market Report