E-Waste Management Market: Current Analysis and Forecast (2021-2027)

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.

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• 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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