E-Waste Management Market: Current Analysis and Forecast (2021-2027)

E-waste management is the process of collecting e-waste, recovering and recycling materials in a safe manner, and disposing of e-waste with appropriate techniques to reduce its negative impact on the environment. Electronic waste refers to disposed electrical or electronic devices or components. Electronic waste also includes used electronics for refurbishment, reuse, resale, material recycling, or recycling by disposal. It is important to manage e-waste because efficient recovery of valuable materials from e-waste has great economic potential and can provide income opportunities for both individuals and businesses.

The e-waste management market demand is increasing at a significant rate over the years and is expected to witness influential growth during the forecasted period as well. Factors that are positively accentuating its market size include easy access to new technologically advanced appliances, and the short lifecycle of operation of electrical and electronics.

Based on material recovery, the market is segmented into metal, plastic, glass, and others. The metal segment accounted for a prominent share of the global e-waste management market in 2020 and is expected to witness a substantial growth rate during the forecast period. This is because recycling metals from e-waste significantly reduce dependency on the mining, processing, and extraction of precious metals such as gold, silver, copper, and others

On the basis of source type, the market is categorized into home appliances, information and communication technology devices, electronic utilities, office and medical equipment, and others. Among these, home appliance held a significant share in the global e-waste management market in 2020 and is anticipated to witness a robust growth rate during the forecast period. This is mainly due to rising disposable income and increasing adoption of smart devices and IoT-based devices in households

For a better understanding of the market adoption of e-waste management the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America acquired a commendable share of the market in the e-waste management market and is expected to grow at a robust CAGR mainly owing to the development of new products due to continuous innovations and the constantly declining prices of electronic products. Moreover, growing urbanization and population coupled with rising disposable income and constantly evolving residential infrastructure is further contributing to the e-waste management market in the region

Some of the major players operating in the e-waste management market are Boliden AB, MBA Polymers Inc., Electronic Recyclers International Inc., Aurubis AG, Sims Metal Management Ltd., Umicore S.A., Stena Technoworld AB, Enviro-Hub Holdings Ltd., Global Electric Electronic Processing Inc., Tetronics Environmental Waste Treatment Company