Global E-Waste Management System Market By Processed Material (Metal, Glass, Plastic, and Other Processed Materials), By Source (Household Appliances, Consumer Electronics, and Industrial Electronics), By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: Oct 2023
- Report ID: 28392
- Number of Pages: 243
- Format:
- keyboard_arrow_up
Quick Navigation
Report Overview
The Global E-waste management system Market size is expected to be worth around USD 160.2 Billion by 2032 from USD 52.6 Billion in 2022, growing at a CAGR of 12.10% during the forecast period from 2023 to 2032.
The E-waste management system is a process of collecting, processing, transporting, and disposing of electronic waste in an eco-friendly manner. With rapid technological advancements, the generated electronic waste volume has increased significantly across the globe in the past years. In addition, the improper disposal of these wastes can result in various health and environmental hazards.
There is increased adoption of new technologies in developed economies due to rapid urbanization and industrialization. Technologies such as IoT are gaining momentum leading to the use of electronic devices in every human activity. As a result, the proliferation of electronic devices results in more e-waste generation, which fuels the market growth potential.
Driving Factors
The decreased life span of electronic devices boosts the market growth
With ongoing product innovation and rapid technological development, sales of electronic products have increased dramatically. There is an increase in the sale of electronic devices such as televisions, computers, and mobile devices due to the rising disposable income and purchasing power of consumers. In addition, the introduction of new items with extra services and improved features inspires users to adopt the recent models over outdated products.
Owing to this, these devices presently last only for 3 to 4 years on average. Therefore, the volume of e-waste is increasing rapidly and also driving the industry participants to expand their businesses to create an extensive network for the collection of e-waste and set up additional processing facilities. Moreover, the continuous sale of electronic products, especially in developing countries, is likely to create a better environment for e-waste management.
Restraining Factors
High costs associated with recycling hamper the market growth
Difficulties related to e-waste recycling have been triggered due to the expensive processing techniques and lack of e-waste collection facilities. Due to this, several outdated products are kept in storerooms and warehouses or tossed in the trash.
Consequently, a structure for the regular gathering of e-waste is required to be established to improve the situation. In addition, the present state of recycling programs is expected to be hindered by an insufficient number of waste pickup zones.
Growth Opportunities
Initiatives by electronic manufacturers to generate several growth opportunities
Several electronic item manufacturers are presently aware of the financial benefits related to the processing and recycling of e-waste. During research & development as well as manufacturing processes, substantial amounts of e-waste are produced, and businesses are undertaking steps to recover the essential elements from this trash.
Later being recycled, the mobile phones comprised of valuable metals, including gold, palladium, and silver, which can be recovered. Thus, several leading mobile phone manufacturers have launched their initiatives for the collection of old phones from their users who are willing to upgrade their technology.
Latest Trends
Adoption of advanced technologies and increasing focus on the circular economy
The utilization of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML) is highly transforming the e-waste management system market. These advanced technologies are increasingly being used to enhance the accuracy of e-waste tracking and reporting, reducing costs and improving the efficiency of e-waste management processes.
Moreover, the circular economy promotes the recycling and reuse of materials to create a sustainable economy and reduce waste. The global e-waste management system market is largely focused on the adoption of this approach, with companies focused on refurbishing and repairing electronic devices to increase their lifespan.
By Processed Material Analysis
The metal segment accounted for the largest revenue share
Based on processed material, the global E-waste management system market is segmented into metal, glass, plastic, and other processed materials. Among these, the metal segment held the largest revenue share in 2022. The electronic product consists of components that use metal tracks, conductive metals, and metal solders.
Moreover, the metals are primarily used in every single component, microcontrollers, and printed circuit boards (PCBs); as a result of this, the segment is further expected to exhibit the highest growth rate during the forecast period.
The plastic segment is anticipated to register a significant growth rate in the coming years owing to the increasing use of plastic in several electric devices, including computers, kettles, food processors, lawnmowers, and telephones.
By Source Analysis
Household Appliances dominated the market
By Source, the market is divided into household appliances, consumer electronics, and industrial electronics. Out of these, the household appliances segment dominated the global e-waste management system market in 2022.
The growth of this segment can be highly attributed to the rising demand for these products as well as the shortening lifespan of these devices. Moreover, the recycling of e-waste from household appliances and proper disposal can help to reduce environmental pollution and conserve valuable resources.
The industrial electronics segment is projected to expand more significantly
The industrial electronics segment further includes IT & telecom equipment and medical equipment. It is anticipated to exhibit a noteworthy CAGR during the forecast period.
The segment growth is mainly influenced by the growing establishment rate of IT & telecom solution providers coupled with the expanding healthcare industry worldwide.
By Application Analysis
The trashed segment held the largest market share in 2022
Based on application, this market is bifurcated into trashed and recycled. The trashed segment accounted for the largest market share in 2022. E-waste disposal is carried out through three procedures, including reusing, incineration, and landfilling.
However, both incineration and landfilling are expected to negatively impact the environment and human health to a large extent. On the other hand, reuse is an economical as well as sustainable method for reducing e-waste generation across the globe.
The recycled segment is projected to expand more significantly over the forecast period owing to the global awareness programs that are undertaken by various NGOs and governments that focus on the effective collection, recycling, and treatment of e-waste.
Furthermore, companies such as Dell, HP, Microsoft, and Panasonic Corporation have readily introduced the initiatives by connecting with recycling companies to organize large take-back programs to recycle as well as reuse outdated equipment.
E-Waste Management System Key Market Segments
By Processed Material
- Metal
- Glass
- Plastic
- Other Processed Materials
By Source
- Household Appliances
- Consumer Electronics
- Industrial Electronics
By Application
- Trashed
- Recycled
Regional Analysis
Asia Pacific accounted for the highest revenue share 39%
Based on region, the global e-waste management system market is divided into North America, Europe, Asia Pacific, Latin America, And Middle East & Africa. Among these regions, the Asia Pacific dominated the global e-waste management system market, with the highest revenue share in 2022. This significant market share can be highly attributed to rising disposable income in developing and developed economies coupled with the increasing adoption of electronic devices.
Moreover, the high population, as well as rapid industrialization, are also the key drivers expected to surge the market growth of this region. Furthermore, in the Asia Pacific region, China is the largest market for e-waste, followed by India and Japan.
The global e-waste management system market in Europe is likely to expand more significantly during the forecast period owing to the expanding government initiatives and active participation in e-waste collection and recycling activities.
Key Regions and Countries
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Emerging key players in the market are highly investing in R&D for the introduction of technologically advanced and cost-effective recycling equipment. In addition, they are focused on implementing strategic growth policies to expand their portfolio and increase their market presence.
Moreover, they are involved in partnerships, collaborations, mergers & acquisitions, and competitive pricing for their services and products. They also benefit from the implementation of marketing strategies and spreading awareness regarding their services and products.
Top Key Players in the E-Waste Management Market
- Umicore N.V.
- Electronic Recyclers International, Inc.
- MRI (Australia) Pty Ltd.
- Enviro-Hub Holdings Ltd.
- Sims Recycling Solutions Ltd.
- Waste Management, Inc.
- Capital Environmental Holdings Ltd.
- Tetronics Technologies Ltd
- Other Key Players
Recent Developments:
- In February 2022, the e-waste and IT Asset Disposal (ITAD) company and the construction company SK eco plant signed the merger agreement. TES. SK Ecoplant bought 100% of TES for almost USD 1 billion.
- In 2022, the OneDrumTM was formally introduced by Electronic Recyclers International, Inc., which is the first mixed consumer battery collection product in the market.
Report Scope:
Report Features Description Market Value (2022) US$ 52.6 Bn Forecast Revenue (2032) US$ 160.2 Bn CAGR (2023-2032) 12.1% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Processed Material – Metal, Glass, Plastic, and Other Processed Materials; By Source – Household Appliances, Consumer Electronics, and Industrial Electronics; By Application Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Umicore N.V., Electronic Recyclers International, Inc., MRI (Australia) Pty Ltd., Enviro-Hub Holdings Ltd., Sims Recycling Solutions Ltd., Waste Management, Inc., Capital Environmental Holdings Ltd., Tetronics Technologies Ltd, and Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the E-waste management system market CAGR During the Forecast Period?The E-waste management system market size is growing at a CAGR of 12.10% during the forecast period from 2023 to 2032.
What is the E-waste Management System Market Size During the Forecast Period 2023-2032?The E-waste management system market size is expected to be worth around USD 160.2 Billion by 2032 during the forecast period from 2023 to 2032.
What was the E-waste management system market size in the Year 2022?The E-waste management system market size was USD 52.6 Billion in 2022, growing at a CAGR of 12.10% during the forecast period.
- Umicore N.V.
- Electronic Recyclers International, Inc.
- MRI (Australia) Pty Ltd.
- Enviro-Hub Holdings Ltd.
- Sims Recycling Solutions Ltd.
- Waste Management, Inc.
- Capital Environmental Holdings Ltd.
- Tetronics Technologies Ltd
- Other Key Players
- settingsSettings
Our Clients
Single User $4,599 $3,499 USD / per unit save 24% | Multi User $5,999 $4,299 USD / per unit save 28% | Corporate User $7,299 $4,999 USD / per unit save 32% | |
---|---|---|---|
e-Access | |||
Report Library Access | |||
Data Set (Excel) | |||
Company Profile Library Access | |||
Interactive Dashboard | |||
Free Custumization | No | up to 10 hrs work | up to 30 hrs work |
Accessibility | 1 User | 2-5 User | Unlimited |
Analyst Support | up to 20 hrs | up to 40 hrs | up to 50 hrs |
Benefit | Up to 20% off on next purchase | Up to 25% off on next purchase | Up to 30% off on next purchase |
Buy Now ($ 3,499) | Buy Now ($ 4,299) | Buy Now ($ 4,999) |