The E-Waste Management Market is likely to hold the global market at a moderate CAGR of ~13% during the forecast period. The global market holds a forecasted revenue of US$ 56.98 Billion in 2022 and is likely to cross US$ 193.42 Billion by the end of 2032.
The E-Waste Management Market is predicted to expose promising boom potentialities in the course of the forecast period, increasing the E-Waste Management marketplace size.
The call for for e-waste control is growing as producers withinside the electronics area try and create customer electronics, electrical, and digital merchandise with shorter lifespans. Opportunities for manufacturers withinside the e-waste control marketplace are increasing because of the growing call for for upgrading to the maximum latest technology. Several marketplace gamers are making giant efforts to recycle e-waste to be able to reduce the environmental and pollutants dangers that might get up from this.
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With rapid growing product innovation, significantly in family electronics and home equipment just like the transfer from analogue to virtual technologies, monitors, and flat-display televisions, the e-waste control marketplace is anticipated to enjoy sales boom. In the following 4 years, dealing with e-waste is anticipated to boom through over 33%, in step with the UN.
There at the moment are greater potentialities for the e-waste control area to flourish way to partnerships among pinnacle producers like Dell, HP, and Cisco from Japan, China, and England and worldwide agencies like Solving the E-waste Problem (StEP). The marketplace for e-waste control is projected to enjoy sales improvement because of an boom withinside the variety of fridge units being discarded from home home equipment.
The WEEE (waste electrical and electronic equipment) stream, which includes refrigerators, cell phones, laptops, and TVs, is thought to be one of Europe’s fastest-growing streams. As WEEE is a combination of parts and materials, due to its hazardous nature, it causes issues with both the environment and human health. Electronic waste requires the EU to regulate e-waste disposal, which is anticipated to spur expansion of the European e-waste management sector.
Governments in China and India have made significant efforts to harvest and recycle metals that pose a harm to both people and the environment. The market expansion in North America is being driven by an increase in the number of electronic items with shorter lifecycles, such as smartphones, laptops, and PCs, which results in a higher volume of e-waste in the region.
E-waste production is rising as a result of the increasing number of electronic gadgets that require ongoing maintenance or become outdated. Additionally, the overall cost of replacing electrical gadgets is lower than that of fixing them. This has led to an increase in the desire to buy new items, which is supporting the e-waste management market’s revenue growth.
Country Insights
United Efforts of Environmental Protection Agencies from different Countries are helping in Sustainable Waste Management.
Environmental Protection Agency (EPA) is an independent executive agency of United States Government, dealing with environment protection matters. The EPA works with environmental officials and government regarding e-waste management. The International E-waste Management Network (IEMN) has brought many environmental officials from Asia, Caribbean, Latin America, North America and Africa, and is co-ordinated by US EPA and Taiwan EPA. They are educating on e-waste management and developing new policies and strategies to achieve maximum management.
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The EPR Policy is making Producers Dispose the Waste they are generating, ultimately Reducing Overall E-Waste Generation.
The Extended Producer Responsibility Policy is applied in number of countries and this policy is making producers to take responsibility of produced goods for its entire life cycle. The EPR is making the producers bear the social cost of e waste management, as they are producing the products for their profits. In this policy, manufacturers, importers, suppliers and retailers are referred as producers. The EPR has defined and regulated laws for management of e waste on the basis items and its disposal methods. This policy is helping in effective e waste management, as producers are taking back their products and recycling them for production of new products.
Competitive Landscape
Some key players in the E-Waste Management market are Aurubis AG, Umicore, Sims Metal Management Ltd., Boliden, Stena Metall Group, Tetronics, and electronic Recyclers International, Inc., Triple M Metal LP, Global Electric Electronic Processing and others.
Key Segments Profiled in the E-Waste Management Market
By Application:
- Recycle
- Disposal
By Source:
- Office Equipment
- Cell Phone Batteries and Button Cells
- Medical Equipment & Materials
- IT and Telecommunication Equipment
- Electrical & Electronic Goods
- Domestic Appliance
By Material Type:
- Rhodium
- Selenium
- Germanium
- Tellurium
- Tantalum
- Palladium
- Gallium
- Platinum
- Silver
- Gold
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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