Global Electronic Waste (E-Waste) Management Market - Forecasts from 2024 to 2029

Global Electronic Waste (E-Waste) Management Market - Forecasts from 2024 to 2029

The global electronic waste (E-Waste) management market is expected to grow at a CAGR of 14.98%, reaching a market size of US$169.476 million in 2029 from US$84.326 million in 2024.

Discarded gadgets produce junk or rubbish, known as e-waste. Managing e-waste involves establishing a chain of values to collect, recycle, and dispose of it, making it the primary factor. Another factor promoting this industry’s expansion is the requirement to adopt cutting-edge technologies. The biggest barrier is that many regions worldwide have insufficient e-waste management systems.

Moreover, the processing of e-waste and regulations regime is favourable for significant growth in this market. With increased awareness about the harmful effects of e-waste on the environment and human health, governments as well as global organisations are compelled to develop stringent rules and standards to ensure proper handling, recycling and disposal. These regulatory frameworks promote adherence credibility as well as creativity which helps overcoming e-waste challenges leading to more market expansion.

Global Electronic Waste Management Market Drivers:

The accelerated rate of obsolescence and low cost of recovered raw materials boost the electronics waste management market’s growth.

Because of their nature, electronic devices occasionally need to be updated or fixed. This is one of the primary reasons that e-waste is produced. The cost of a new electronic gadget is lower than that of a repaired one. Buying new products instead of repairing old ones is becoming more common. The primary reason for the current massive production of e-waste is this faster rate of obsolescence. These metals are expensive because they are rare. This has led to an increased demand for recycling, repairing, and reusing this metal-based technology. Undoubtedly, such challenges drive producers of electronic goods to get back the raw materials from recovered e-waste. Countries may mitigate the dangers resulting from climate change by lowering greenhouse gas emissions.

Global Electronic Waste Management Market Geographical Outlook

The Asia Pacific is witnessing exponential growth during the forecast period

During the forecast period, Asia-Pacific is expected to hold a substantial market share of e-waste management for several reasons. These include the continuous decrease in the price of electronic goods and new product developments due to continued innovation. This has greatly influenced how long various electronic devices like computers and phones last. Furthermore, increasing per capita incomes across countries have driven consumers to buy new items routinely. Consequently, electronic product sales such as computers, freezers, and cell phones have increased in recent years, leading to an increase in the amount of e-waste generated within this region from ten years ago.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Global Electronic Waste Management market is segmented and analyzed as follows:

By Material Recovery

Plastic
Glass
Metal
Others

By Recycler Type

Metal recycler
Plastic Recycler
Glass Recycler
Printed Circuit Board Cycler

By Source Type

Communication and Technology
Consumer Electronics
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Taiwan
Thailand
Indonesia
Others