Market Research Report
Global E-waste Management Market Forecast 2021-2028
|Global E-waste Management Market Forecast 2021-2028|
Published: April 5, 2021
Content info: 184 Pages
Delivery time: 2-3 business days
The global e-waste management market is projected to record a CAGR of 12.37% and 5.14%, in terms of revenue and volume, respectively, during the forecast period, 2021-2028. The minimized life span of electronic devices, stringent regulatory standards, and the scarcity of precious metal sources, propel market growth.
E-waste management is a practical approach to reusing and recycling e-waste no longer in use. The growing number of electronic and electrical industries globally has resulted in the increased accumulation of e-waste. Technological advancements and frequent innovations have surged the sale of electronic products. Computer devices, televisions, and mobile devices, are witnessing rapid growth, supplemented by rising purchasing power and disposable income. New product launches with updated features encourage customers to upgrade their old products with new products. This has resulted in a reduced life span of devices by 3-4 years. Since this adds to more e-waste, several industry players build a vast network of e-waste collection and set up processing facilities. Such factors are estimated to offer ample market growth opportunities. However, lack of e-waste collection zones, low awareness, and rising recycling costs, hinder the market growth.
The global e-waste management market growth analysis includes the assessment of Asia-Pacific, Europe, North America, and Rest of World. Asia-Pacific is set to harbor the largest market share in the global market in terms of revenue and volume. E-waste is on the rise in the region, given the lack of strict regulations regarding e-waste disposal and illegal dumping.
The lack of strong purchase patterns and buyers' hesitance towards recycled products increases the competition among the existing players. Aurubis AG, Electronic Recyclers International Inc, Enviro-Hub Holdings Limited, Boliden AB, LifeSpan Technology Recycling Inc, etc., are among the market's leading players.