Posted by Global E-Waste Management Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “E-waste management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global e-waste management market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global E-waste management market size reached US$ 63.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 132.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.84% during 2023-2028.
E-waste management, or the handling of electronic waste, encompasses the responsible disposal and recycling of old computers, smartphones, and various electronic devices. This practice promotes a cleaner and healthier environment through the safe recycling and disposal of electronic waste, preventing these devices from ending up in landfills, where they can release harmful materials and contaminate soil and groundwater. Additionally, it enables the recovery of valuable materials, including metals, plastics, and rare earth elements. E-waste management contributes to the conservation of natural resources, reducing the necessity for mining and manufacturing, thus decreasing the overall environmental impact of electronic production. Furthermore, E-waste management offers businesses the opportunity to minimize the risk of data breaches by entrusting their electronic waste to certified recycling facilities that strictly follow data destruction protocols. By extending the lifespan of electronic devices through repair, refurbishment, and recycling, and by minimizing waste generation over time, the global demand for e-waste management is on the rise.
Global E-Waste Management Market Trends and Drivers:
Currently, several pivotal factors are contributing to the positive growth of the market. One of the most significant drivers is the increasing demand for smartphones, laptops, personal computers (PCs), smart wearables, and various consumer electronic products among the general population. Additionally, the market is benefitting from a growing awareness of the necessity for secure electronic device disposal to safeguard against data breaches and protect sensitive information. Furthermore, ongoing developments in e-waste recycling technologies aimed at enhancing efficiency and cost-effectiveness are fortifying market expansion. Simultaneously, there’s a rising need to extract valuable resources, such as metals, from electronic waste, presenting attractive opportunities for investors in the industry. Moreover, the market is favorably influenced by a growing emphasis on eco-friendly waste management methods. In addition, numerous countries’ regulatory agencies are implementing stringent waste management regulations with the aim of reducing the carbon footprint in the environment. These agencies are also actively engaged in organizing educational campaigns to raise awareness about the significance of electronic waste recycling, further fueling market growth.
Global E-Waste Management Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Aurubis AG, Boliden AB, Desco Electronic Recyclers CC, Electronic Recyclers International Inc., MBA Polymers Inc., Sembcorp Industries, Sims Lifecycle Services Inc., Stena Metall AB, Tetronics Technologies Ltd., Umicore N.V., Veolia Environnement S.A. and WM Intellectual Property Holdings L.L.C
The report segmented the market on the basis of region, material type, source type and application.
Breakup by Material Type:
- Metal
- Plastic
- Glass
- Others
Breakup by Source Type:
- Consumer Electronics
- Industrial Electronics
- Others
Breakup by Application:
- Trashed
- Recycled
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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