The global e-waste management market expected to expand at a CAGR of 6.1% during the forecast period from 2020 to 2028. Over the last decade, rapid technological advancements have not only transformed our communication abilities and increased rate of productivity but have also resulted in a massive increase in electronic goods cast-off into our waste stream. As per the research conducted by Acute Market Reports, electronic waste is the fastest-growing municipal waste, especially in developed economies like the U.S. One of the major factors spurring e-waste volumes and the need for e-waste management is the continued penetration of the Internet of Things (IoT) technology across different industry verticals. IoT has become a mainstream technology in the IT industry, primarily used to connect all smart objects over an integrated network through the Internet. Additionally, in a bid to transform/upgrade existing business processes to connected ones, the demand for connected devices is presumed to surge, reaching 20.0 Bn units by 2020 and thereby driving e-waste volumes worldwide.
"Asia Pacific to Offer Strong Growth Opportunities for Participants across the Value Chain"
The Asia Pacific is presumed to register strong growth during the forecast period from 2020 to 2028, offering strong growth prospects and investment opportunities for e-waste segregation, recycling firms, and other participants involved in electronic scrap treatment. The anticipated growth opportunity is reflective of the huge IT, telecom, and consumer electronics market in these countries. Developed economies like Europe and North America will register slow but steady growth during the forecast period. The slow growth can be majorly attributed to several regulations like Restriction of Hazardous Substances Directive (RoHS), Waste Electrical and Electronic Equipment Directive (WEEE), etc. that have kept e-waste generation in-check. On the other hand, emerging economies like the Middle East and Africa will experience strong growth due to government policies that promote the systematic collection, segregation, and recycling of scrap.
Key Players:
The global e-waste management market is highly fragmented. Some of the major vendors profiled in the research report include Electronic Recyclers International, Inc., E-waste Harvesters, Inc., Desco Electronic Recyclers, MRI (Australia) Pty Ltd., Enviro-Hub Holdings Ltd., Umicore S.A., E-waste Systems, Inc., Sims Recycling Ltd., and Waste Management, Inc. among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of E-waste Management market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Million |
Segmentation | |
Product
| |
Vertical
| |
Material
| |
Region Segment (2023-2033; US$ Million)
|
Key questions answered in this report