E-waste Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

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E-waste Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Status : May, 2021 | Semiconductor & Electronics

Report Digest


Introduction

E-waste refers to unwanted and unuseful electronic products including broken or damaged items and are disposed in the garbage. It is generated when the electronic products becomes useless, expired and unwanted. These gadgets are hazardous to the environment if they are land filled. 

E-waste management is the reuse, resale and recycle of discarded electronic gadgets. With the growth in electronic industries, demand for e-waste management is also rising steadily. The market for e-waste management is experiencing substantial growth rate and is expected to rise at a steady CAGR through 2030.

This market is anticipated to flourish and experience high growth rate globally. E-waste is increasing in the environment and due to this the awareness regarding disposal and recycling of this waste is gaining more attention.

E-Waste Management Market: Key  Drivers

The growing addiction of youngsters towards electronic gadgets such as laptops and smart phones is generating more e-waste after it becomes useless leading to  the need of e-waste management for environmental protection.

The  rise in online financial transactions require electronic gadgets increasing the sales of the electronic devices. The improper disposal of these gadgets creates pollution providing potential opportunities for its market growth worldwide.

The disposal and dumping of e-waste by the manufacturing industries and offices create more waste in the environment. Government regulations across the world are driving the market growth for the effective management of e-waste. The government is implementing new rules and regulations such as recycling, use of renewable materials, green packaging etc to manage e-waste.

E-waste Management Market: Key Restraints

The increase in recycling cost of electronic gadgets due to inadequate infrastructure creates a challenge for the growth of this market.

The  usage of pirated products and lack of awareness about  electronic devices, online transactions, internet security etc acts a barrier in the market growth.

COVID-19 Impact on E-Waste Management

Covid 19 pandemic has created multiple challenges for the  E-waste management market . The companies are facing shifts in working patterns from office to work from home. The sale of electronic gadgets such as laptops, smart phones, dongles, computers speakers etc have increased during this pandemic through e-commerce. It is expected that the e-waste will continue to increase on a large scale when the working pattern will be shifted to office work as the companies will have to manage their electronic equipments in their offices.For instance, a computer has completely become disfunctional, the company will throw it. These factors are surging its market growth through the forecast period.

E-waste Management Market: Region-Wise Forecast

The need of e-waste management is high in the regions of North America, Asia Pacific and Europe. North America and Europe are the regions where E-waste generation market is leading as the pollution rates are continuously rising in these two regions leading to high growth of this market.

e waste management market

Asia Pacific is expected to face tremendous growth in this market as the pollution and other environmental hazards are rising in China and India. The growing industrialization in Asia Pacific regions is contributing to its market growth globally.The need for minimization of e-waste by the industrialists is also promoting this market.

Middle East Asia and Africa (MEA) is predicted to witness steady growththrough the forecasted period on account of increasing urbanization, industrialization and increasing government regulations.

Market Segmentation       

By Processed Material Type

  • Metal
  • Plastic and resins
  • Glass
  • Others

By Equipment Type:

  • Small equipments
  • Large equipments
  • Temperature exchange equipments
  • Small IT equipments
  • Lamps

By Source Type:

  • Household appliances (refrigerator,washing machines,television,air conditioners)
  • Industrial Electronics (IT and telecom equipment,medical equipment)
  • Consumer electronics (Handheld electronics, ITaccessories, IT equipment and PCBs)

By  Method

  • Recycling and reuse
  • Dispose/ Trash (Landfill, Incineration)

By Application

  • Trashed
  • Recycled

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

Competitive Landscape

The established players in this market are giving tough competion to each other. As the need for management of electronic waste is rising, new players are entering this market creating stiff competition. Government  initiatives are also active in this market that intensifies the competitive environment. Expansion strategy is mainly adopted by the competitors to remain competitive.

Some of the key players in this market are Aurubis AG, Waste Management Incorporation, Boliden AB, E-Waste Harvesters, Desco Electronic Recyclers, Enviro-Hub Holdings Limited, Electronic Recyclers International Incorporation, MBA Polymers Incorporation, SIMS Metal Management Limited, Stena Metall AB,Tetronics Limited, Umicore SA etc. Among all the competitors, Tetronics limited has collaborated with Costain to reduce  electronic waste from the environment. Further, the companies such as MBA Polymers Incorporation and Desco Electronic Recyclers are adopting mergers and acquisitions, joint ventures etc as their competitive strategies to rule the market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?