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 responsible handling and recycling of electronic waste, involves the sustainable disposal of items like old computers, smartphones, and various electronic gadgets. This practice promotes a cleaner and healthier environment by ensuring the recycling and safe disposal of electronic waste. It effectively prevents these devices from being dumped in landfills, where they can release harmful substances and contaminate the soil and groundwater. Moreover, E-waste management enables the recovery of valuable materials, including metals, plastics, and rare earth elements. This approach contributes to the conservation of natural resources, reduces the necessity for extensive mining and manufacturing, and decreases the overall environmental impact associated with electronic device production. Another significant benefit of E-waste management is that it enables businesses to minimize the risk of data breaches. They can achieve this by entrusting their electronic waste to certified recycling facilities that strictly follow data destruction protocols. Furthermore, this practice extends the lifespan of electronic devices through repair, refurbishment, and recycling, thus reducing waste generation over time. As a result, the demand for E-waste management is on the rise worldwide.
Global E-Waste Management Market Trends and Drivers:
Currently, there is a surging demand for a variety of electronic devices such as smartphones, laptops, personal computers (PCs), smart wearables, and consumer electronics. This heightened demand is a key driving force in the market. Furthermore, the increasing awareness of the necessity for secure electronic device disposal to prevent data breaches and safeguard sensitive information is also propelling market growth. Moreover, ongoing advancements in e-waste recycling technologies, aimed at enhancing efficiency and cost-effectiveness, are fortifying the market’s expansion. Additionally, the rising demand for the recovery of valuable resources, particularly metals, from e-waste presents attractive growth opportunities for industry investors. Furthermore, the growing emphasis on eco-friendly waste management practices is creating a positive outlook for the market. This is coupled with governmental bodies in various countries implementing stringent waste management regulations to reduce the environmental carbon footprint. These authorities are also conducting educational campaigns to raise awareness about the significance of electronic waste recycling, further bolstering 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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