E-Waste Management Market By Material (Metal, Plastic, Glass, Others), By Source Type (Household Appliances, Industrial Electronics, Consumer Electronics), By Application (Trashed, Recycled): Global Opportunity Analysis and Industry Forecast, 2023-2032
E-waste management refers to the process of disposing and managing electronic waste such as old computer systems, phones, televisions and others. The main element associated with e-waste management is collection, transportation, recycling, refurbishing and disposal of electronic waste in an environmental-friendly manner. In addition, the main purpose behind e-waste management is to reduce the impact of e-waste on the environment and human health. Furthermore, the efficient management of e-waste helps in the recovery of critical products from e-waste such as copper, silver and gold to create new products.
There are different types of e-waste such as IT and telecommunication equipment, consumer electronics, electrical and electronic tools, toy leisure, and sport equipment, medical devices, monitoring and control instruments, automatic dispensers and solar panels. Furthermore, there are different approaches to e-waste management such as reducing e-waste by encouraging people to buy lesser electronics and use their devices for a longer period and later replacing them; reusing and refurbishing the electronic devices to extend the life of the devices; recycling e-waste to break down electronic devices into component parts so that they can be reused in production of new electronic device or they can be disposed-off safely without harming the environment, and others. Hence e-waste management has various important approaches and effects to support the technological world.
The key factors that are driving the growth of e-waste management market are reducing life span of electronic devices, and scarcity of sources of precious metals. Rise in manufacturing of electronic devices is urging buyers to buy electronic products with more additional features and better quality, thus reducing the lifespan of old devices. In addition, the increase in the purchasing power of the people is another major reason that is forcing people to buy new devices. Furthermore, the increasing e-waste contains large amounts of precious metals such as gold, silver and copper, which can be extracted by utilizing different important e-waste management approaches, thus e-waste management necessity is propelling the growth of this market. However, the increase in the recycling cost incurred due to inadequacy of infrastructure is hampering the growth of this market. E-waste management infrastructure requires heavy investment as the periodic mechanism for collection of e-waste is missing. Moreover, various e-waste initiatives carried out by the electronic manufacturers are providing a lucrative opportunity for e-waste management market growth. Many governments have also started taking initiatives by appealing to electronic goods manufacturers to arrange in-house e-waste management activities or to outsource these activities to outer entities.
The e-waste management market is segmented on the basis of material, source type, application, and region. In terms of material, the market is divided into metal, plastic, glass and others. By source type, the market is divided into household appliances, industrial electronics, and consumer electronics. Based on application, it is bifurcated into trashed and recycled. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the e-waste management market such as Eniro-Hub Holdings Ltd., TES, Capital Environment Holdings Limited, Tetronics Technologies Limited, ERI, WM Intellectual Property Holdings L.L.C., Sembcorp Industries (Temasek Holdings), Veolia, MRI Technolgies, and Umicore. These players have adopted various strategies to increase their market penetration and strengthen their position in the e-waste management market.
Key benefits for stakeholdersThe study provides in-depth analysis of the global e-waste management market along with the current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on the global e-waste management market size is provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global e-waste management market from 2022 to 2032 is provided to determine the market potential.
Key Market SegmentsBy ApplicationTrashed
Recycled
By MaterialMetal
Plastic
Glass
Others
By Source TypeHousehold Appliances
Industrial Electronics
Consumer Electronics
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersElectronic Recyclers International
Tetronics Technologies Limited
TES Amm
SembCorp Industries
Umicore
MRI Technologies
Enviro-Hub Holdings Ltd.
Capital Environment Holdings Limited
Veolia
WM Intellectual Property Holdings, LLC
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