What Has Been The Evolution of the E Waste Management Market in Recent Years?
The e waste management market has seen considerable growth due to a variety of factors.
• In the past few years, the size of the e-waste management market has expanded at a rapid pace. The market, which stood at $70 billion in 2024, is forecasted to reach $81.27 billion in 2025, displaying a compound annual growth rate (CAGR) of 16.1%.
This significant growth during the historic period is mainly due to the rise in e-waste generation, corporate social responsibility, demand for new products, environmental concerns, and the need for scrap management solutions.
What Is the Forecasted Market Size and Growth Rate for The E Waste Management Market Size In The Coming Years?
The e waste management market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations point towards a significant expansion in the e-waste management market in the upcoming years, with its worth projected to reach $133.79 billion in 2029, escalating at a compound annual growth rate (CAGR) of 13.3%.
Factors driving growth for this period are linked to health concerns, circular economy strategies, smart devices usage, vehicle electrification, urban mining and resource retrieval. During this prediction period, it is expected to be dominated by trends such as the progression of technology, new recycling tech innovations, digital solution integration, advanced recycling techniques, and eco-design.
What Factors Are Driving Growth In The E Waste Management Market?
The e-waste management market can anticipate growth fuelled by the rising sales of electronic products. Electronic products, defined as any assembled or manufactured devices with electronic circuits that emit or generate physical fields of radiation, are seeing an increase in sales. This growth is being fuelled by ongoing technological innovation, expanding consumer demand, and the widespread incorporation of technology into everyday life. E-waste management plays a key role in these electronic products, instrumental in reducing environmental harm, advocating sustainability, and ensuring the proper disposal and recycling of electronic equipment. For example, data indicates that production of electronic devices surged to $2,178,430 million (¥32,099 million) in May 2023, up from $1,714,724 million (¥25,268 million) in May 2022, as per the Japan Electronics and Information Technology Industries Association, a trade association based in Japan. As such, it can be said that the e-waste management market is being propelled by the growing sales of electronic products.
What Are The Main Segments Of The Global E Waste Management Market?
The e-waste management market covered in this report is segmented –
1) By Type: Recycled, Unrecycled
2) By Source: Industrial Electronics, Information Technology (IT) And Telecom Equipment, Datacenters, Networking Cards Or Equipment, Digital Boards, Other Sources
3) By Material Recovery: Metal, Plastic, Glass, Other Materials
4) By Application: Disposal, Reuse, Landfill, Incineration, Recycle
Subsegments:
1) By Recycled: Materials Recovery, Component Harvesting, Refurbishment And Resale
2) By Unrecycled: Landfill Disposal, Incineration, Illegal Dumping
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Which Emerging Market Trends Are Altering The E Waste Management Industry?
Leading firms in the e-waste management sector are concentrating their efforts on the advancement of digital technology solutions such as the Zolo Single Touch e-waste recycling software to enrich their service portfolio. Designed to boost and optimize e-waste management throughout the recycling lifecycle, these platforms and software aim to enhance efficacy, transparency, and regulatory compliance. For example, Zolo, an e-waste recycling entity based in Australia, initiated a trailblazing solution known as Zolo Single Touch in September 2023, which represents a pioneering effort in the country. This strategically designed solution seeks to streamline and transform e-waste recycling operations by effectively dealing with existing industry challenges. Zolo's software is structured to address issues like data protection, obscurity, and the time-consuming aspects of traditional tech waste disposal. Consisting of unique features such as real-time impact graphics, a simplified single-click recycling stock upload, and thorough tracking features conforming to ISO standards, the software collectively aims to simplify the e-waste recycling process, thereby making it secure and transparent.
Who Are the Key Players In The E Waste Management Market?
Major companies operating in the e-waste management market are:
• Glencore International AG
• Veolia Environment SA
• Aurubis AG
• Waste Management Inc.
• Boliden AB
• Sembcorp Industries Ltd.
• Suez SA
• Umicore N.V.
• Stena Metall Group
• Sims Lifecycle Services
• Covanta Holding Corporation
• Sims Limited
• OnePlus Technology Co. Ltd.
• Capital Environmental Holdings Ltd.
• Kuusakoski Group
• Electronic Recyclers International Inc.
• Attero Recycling Pvt. Ltd.
• ecoATM LLC
• Enviro-Hub Holdings Ltd.
• Cohen Recycling
• Triple M Metal LP
• MBA Polymers Inc.
• Lifespan Technology Recycling Inc.
• Big Belly Solar LLC
• All Green Electronics Recycling LLC
• Eltech Appliances
• Cimelia Resource Recovery Pte Ltd.
• GNR Solutions Private Limited
• Ecoreco
What Is The Most Dominant Region In The E Waste Management Market?
Europe was the largest region in the e-waste management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
