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.
Electronic waste management involves the organized and systematic handling, recycling, and proper disposal of discarded electronic devices, such as computers, smartphones, tablets, refrigerators, and televisions. This category of waste often contains hazardous materials like lead, mercury, and cadmium, posing significant environmental and health risks if not managed appropriately. Effective e-waste management reduces the likelihood of soil and water contamination resulting from improper disposal and safeguards ecosystems and public health. Moreover, it mitigates legal liabilities and penalties associated with improper e-waste disposal, ensuring compliance with local and international regulations. By adhering to established e-waste disposal and recycling guidelines, organizations and individuals contribute to maintaining their brand image and fostering trust among environmentally conscious individuals. Additionally, this approach minimizes the extraction of new raw materials, conserves resources, and reduces energy consumption. The responsible management of e-waste prevents the release of toxic substances into the environment, thereby minimizing health risks for communities and workers involved in waste handling. Moreover, secure erasure of sensitive and personal information during e-waste management helps in reducing greenhouse gas emissions. This process also contributes to decreasing the incidence of diseases associated with exposure to e-waste contaminants. Furthermore, e-waste management encourages the development and adoption of energy-efficient electronic products, leading to an overall reduction in energy consumption.
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Global E-Waste Management Market Trends and Drivers:
Currently, heightened concerns regarding data security are playing a pivotal role in driving market growth. Concurrently, the escalating volume of electronic waste resulting from the obsolescence of older devices is contributing to the market’s expansion. Furthermore, there is a growing need for efficient and cost-effective electronic waste management to mitigate health risks, fostering increased demand. This trend is amplified by a rising awareness of the proper disposal and recycling of electronic devices, coupled with the detrimental effects of improper e-waste disposal, creating lucrative opportunities for industry investors. The surging demand for electronic waste is propelled by the widespread use of smartphones, tablets, laptops, wearables, computers, and Internet of Things (IoT) devices. Additionally, the adoption of responsible e-waste management practices to avoid legal consequences is driving market growth.
Moreover, there is a heightened emphasis on recycling and reusing electronic components and materials, further fueling market expansion. Stringent environmental regulations and waste disposal laws are compelling both companies and individuals to embrace e-waste management, contributing to the market’s growth. The increasing demand for e-waste management is driven by the desire to recover valuable materials, including precious metals, and the development of greener and more sustainable electronic products. In essence, the market is experiencing a positive outlook due to these interconnected factors.
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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