The Global E-Waste Management Market is projected to reach a value of over USD 18.6 Billion by 2027 at a CAGR of around 21.6%.
Electronic waste or e-waste comprises All devices of electrical and electronics equipment and their parts which are abandoned by the user as waste . Any device discarded from household or industrial entities, which has circuitry, any electrical & electronic component, and battery will be included in the category of e-waste. The waste generated have the possibility of getting reused, they need to be disposed properly and also they can be treated to recover useful material which can be utilized in new products; all these processes comes under e-waste management. E-waste management helps in retrieving precious metals and other materials, decreasing pollution, and restrict landfilling of scrap material.
Market Driver:
The governing authorities of various countries are creating structured supportive regulatory framework to increase adoption of e-waste management practices. The European Union has WEEE Directive (2012/19/EU) to regulate e-waste systematically. This directive is formed to govern the collection, recycling and recovery of e-waste, and have provisions to encourage proper discarding and treatment of e-waste. In addition, the US and Canada have respective state and provincial laws to manage e-waste.
Hence, supportive regulatory framework can be a contributing factor in the growth of the e-waste management market, during the forecast period.
In past few years, expansion and adoption of electronic devices has increased substantially. Owing to the expansion of digitalization, smart equipment, e-mobility, the sales of electrical and electronics equipment is growing notably. Other factors supporting the growth of electrical and electronic devices are expanding telecommunication market, rapid technological advancements, increasing multiple device ownership, and increasing cloud computing services. As the number of e-devices are increasing the amount of e-waste generated may also uplift which will surge the demand for e-waste management solutions.
Hence, rapid adoption of electronic devices can be a contributing factor in the growth of the e-waste management market, during the forecast period.
Market Challenge:
Currently, one of the major problem faced by the e-waste management industry is informal recycling sites in developing countries. In New Zealand and other Pacific Island countries don’t have any official data regarding e-waste collection as the informal recycling is prominent in this region. Dismantling and recycling of e-waste under informal sector is a growing business in Bangladesh. Such activities lead to repercussion on health and environment and thus expansion of proper e-waste management solution providers is required.
Hence, informal recycling in developing countries can be a limiting factor in the growth of the e-waste management market, during the forecast period.
The report on the E-Waste Management market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Material, Source, and Region |
Regional Coverage |
North America, South America, Asia-Pacific, Europe, Middle East & Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
E-Waste Management Market, by Material
E-Waste Management Market, by Source
E-Waste Management Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE E-WASTE MANAGEMENT MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY