Australia E-Waste Management Market Overview, 2028

Australia E-Waste Management Market Overview, 2028

The management of electronic waste (e-waste) in Australia has a relatively long history, dating back to the 1990s. In the early 1990s, concerns about the environmental and health impacts of improperly disposing of e-waste led to the development of the first e-waste management programmes in the country. In the late 1990s and early 2000s, the Australian government began to implement a number of initiatives aimed at promoting the responsible disposal of e-waste, including the creation of collection programmes and the development of regulations to promote the safe and sustainable disposal of electronic waste. In 2011, the Australian government released the National Electronic Waste Strategy, which aimed to guide the management of e-waste in the country and promote the responsible disposal of electronic waste. This strategy has been updated and revised several times since its initial release, and it continues to play a critical role in guiding e-waste management in Australia. Australia has a number of producer responsibility schemes in place that require manufacturers and importers of electronic products to take responsibility for the disposal of their products at the end of their useful lives. These schemes promote the collection and recycling of e-waste and help minimise the environmental and health impacts of improper disposal. The Australian government has developed a National Electronic Waste Strategy to guide the management of e-waste in the country. This strategy includes a number of initiatives aimed at promoting the responsible disposal of e-waste, including the development of e-waste management infrastructure and the promotion of recycling and reuse.

According to the research report “Australia E-waste Management Market Overview, 2028, published by Bonafide Research, the market is expected to add USD 0.82 billion by 2028. The rapid expansion of the electronics industry is creating a positive Research Report for the market. Product innovation and the introduction of new devices have resulted in an increase in the sale of electronic devices. This has increased the disposal of old electronics, which has aided market growth. In line with this, rising environmental consciousness among consumers as a result of the negative impact of increasing waste volume, which leads to adverse health hazards, is positively impacting market growth. Furthermore, various technological advancements, such as the immediate integration of artificial intelligence (AI) and machine learning (ML) to identify, sort, and categorise waste, are propelling market growth. Furthermore, the scarcity of precious metals such as gold, platinum, silver, and indium is facilitating the need for e-waste management in order to manufacture new devices from recycled components with a lower carbon footprint. This, in turn, has a positive impact on market growth. Other factors, such as rising consumer spending power to afford premium-priced electronic devices and the implementation of several government initiatives to raise awareness about proper e-waste disposal, are expected to drive the market forward. The e-waste market is segmented into three categories: source (household appliances, consumer electronics, and industrial electronics), material (metal, plastic, and glass), and application (trash and recycled).

E-waste generation in Australia is the highest in the world. Current e-waste-related regulation mainly focuses on obsolete televisions and computers under the National Television and Computer Recycling Scheme (NTCRS). Customers, local government councils, and recyclers are the three major actors in the Australian e-waste reverse supply chain. Most of the e-waste is dismantled into its various components in Australia, but some materials are sent overseas for final processing. Many batteries are sent to South Korea, while circuit boards and batteries go to Singapore for processing. Other components, such as copper, steel, and plastics, are smelted in Australia.
The e-waste management market in Australia is segmented by source type: household appliances, consumer electronics, and industrial electronics. Household appliances are those appliances that are used in a household, such as air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, trash compactors, microwave ovens, and induction cookers, among others. Mobile devices, wearables, TVs, set-top boxes, monitors, laptops, tablets, computers, printers, scanners, and so on are examples of consumer electronics. IT & Telecom Equipment, IT Accessories, PCBs, Digital Boards, Datacenters, Medical Equipment and Accessories, and so on are examples of industrial appliances. During the forecast period, household appliances are expected to dominate the Australian e-waste management market.
The e-waste management market in Australia is divided into three categories: metal, plastic, and glass. Because metals recovered from e-waste are very valuable, the metals segment is expected to dominate the market for e-waste management during the forecast period. Metals recovered from e-waste include aluminium, ferrous metals, copper, gold, and silver.

The e-waste management market in Australia is divided into two segments: trashed and recycled. Due to an increase in E waste and certain government initiatives to improve E waste management, which are major drivers of the Australia E waste management market, the recycling segment is expected to dominate the Australia E waste management market.

Electronic product sales are increasing as a result of rapid technological advancement and frequent product innovations. Mobile devices, televisions, and computer devices, in particular, are rapidly expanding around the world. The sale of these electronics is steadily increasing due to rising purchasing power and disposable income. Furthermore, the introduction of new products with updated features and added services entices customers to replace their old products with new ones. As a result, the device's lifespan has been reduced to 3–4 years. As a result, e-waste is growing at an alarming rate, prompting industry players to expand their operations and build a large network of e-waste collection and processing facilities.

COVID 19 IMPACT
This e-waste management industry was suffering during the COVID-19 pandemic due to a halt in e-waste recycling and collection. Furthermore, the sudden increase in COVID-19 infections halted production. Furthermore, trade restrictions hampered economic progress and limited mobility. However, the reinstatement of lockdown restrictions enabled manufacturers to increase their activity and improve their market position. These factors aided the growth of the industry.

Considered in this report
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Australia E waste management market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Source Type
• Household Appliances
• Consumer Electronics
• Industrial Electronics

By Material Type
• Metal
• Plastic
• Glass

By Application Type
• Trashed
• Recycled

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Air purifier market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.