Global E-waste Management Market - 2022-2029
The global e-waste management market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of 4.2% during the forecast period (2022-2029).
Electronics that are no longer needed, broken or nearing the end of their ""useful life"" are called ""e-waste."" Electronic items used daily include computers, televisions, VCRs, stereos, copiers and fax machines. It comprises functional and damaged products discarded in the trash or given to a charity retailer like Goodwill. If an item isn't purchased in the store, it's frequently thrown away. Due to the poisonous compounds that naturally leach from the metals inside when buried, e-waste is especially harmful.
Government initiatives for recycling electronic trash and increasing electronic waste globally are anticipated to drive the e-waste management industry. However, the absence of recycling infrastructure and e-waste management regulations throughout the anticipated period may restrict the market growth.
Government initiatives toward electronic waste recycling
Governments worldwide are adopting E-waste management laws due to growing awareness of the harmful effects of electronic waste on the environment and human health. Government-led initiatives include financial support for recycling facilities, incentives and requirements for producers of electronic devices to collect garbage. The market for e-waste management is expanding due to policies like Extended Producer Responsibility (EPR) services commissioned to encourage e-waste collection and recycling.
Several non-governmental organizations also run awareness campaigns to educate consumers on proper e-waste disposal and recycling practices. The economic advantages of recycling and reusing outdated technology are another factor driving waste management efforts.
Increasing electronic waste
Most people are unaware of the possible negative effects of the increased use of computers, monitors and television. When these products are dumped in landfills or destroyed, the hazardous components contained pose a health risk. Electrical devices have the potential to damage the environment when incorrectly disposed of.
Environmental toxins are projected to increase as more e-waste is disposed of in landfills, raising the risk of neurological disorders. A significant factor in growing e-waste issue is the short lifespan of most electronics, less than two years for PCs and cell phones.
The lack of recycling and regulatory infrastructure
Newer ones quickly replace these electronic devices due to rapid technological advancements and the production of newer electronic equipment. The amount of e-waste generated as a result has grown dramatically. The likelihood of upgrading to newer models has increased and product lifespans have decreased.
However, a large amount of e-waste is exported to developing countries instead of recycled. There are scientific ways to handle waste, but they are costly. For most industrialized nations, the cheapest option has been to export most of the rubbish to underdeveloped nations. A significant barrier to the global market for electronic waste recycling is the absence of recycling infrastructure and a regulatory environment in emerging nations.
COVID-19 Impact Analysis
The COVID-19 outbreak has had a variety of repercussions on the e-waste management sector. Due to COVID-19 increasing the consumption of electronic and electrical equipment and resulting in future e-waste development, the use of gaming consoles, cell phones, electric ovens and laptops grew. The rise is entirely due to high-income nations.
Even though COVID-19 did increase the global sales of tiny electronic devices like smartphones, laptops and gaming consoles, this increase was more than offset by a decline in the sales of larger equipment like desktop monitors, TVs, lamps and household appliances. Numerous experts believe that, as a result, the use of electrical and electronic equipment will significantly expand and the production of e-waste will do the same.
By application, the e-waste management market is segmented into recycled, trashed and disposal.
The rising regulations drive the disposal segment
Numerous services are included in the disposal offerings, such as garbage collection, treatment, disposal, waste redress and material recovery. The service and manufacturing sectors generate a lot of electronic waste. Garbage seriously threatens the environment. In light of the need to protect the environment, numerous governments worldwide support garbage treatment and disposal services.
For instance, dangerous substances, including lead, cadmium, beryllium, mercury and brominated flame retardants, are present in all electronic garbage. The likelihood of these hazardous compounds contaminating the earth, poisoning the air and leaking into aquatic bodies grows with incorrect gadgets and device disposal. The primary driver influencing the disposal segment is the growing worries about environmental degradation brought on by inappropriate waste management.
The high electronics production in Asia-Pacific
The region of Asia-Pacific is predicted to rule the worldwide e-waste management industry. China is the world's biggest generator, with 10.1 Mt of e-waste produced in 2019. Due to its size and robust EEE manufacturing sector, China is one of the leading players in the global EEE market. China is also the country with the highest domestic demand for EEE. China also contributes significantly to the recycling, reuse and refurbishing of e-waste.
The official e-waste recycling business has seen significant growth in treatment capacity and quality, driven by e-waste regulation and the establishment of facilities; more than 70 million e-waste units are dismantled each year (China Ministry of Ecology and Environment 2019).
To launch affordable and cutting-edge recycling equipment, businesses in the market are heavily focusing on R&D. Due to the numerous recycling businesses and the unregulated industry that treats electronic garbage; there is fierce competition in the market. Government programs and activities can play a major role in an escalating conflict.
Major global e-waste management market companies include Electronic Recyclers International, Stena Metall AB, Aurubis AG, MBA Polymers Inc, Waste Management inv, Enviro-Hub Holdings Limited, LifeSpan Technology Recycling Inc, SIMS Metal Management Limited, BOLIDEN AB and Tetronics Limited.
Overview: A global recycler of metals, precious metals and other non-ferrous metals, Aurubis protects the environment. With its procedures, the company can recycle 70,000 tonnes of metals. Complex metal concentrations, recycling of metal-bearing materials, scrap metals and other materials are all recycled into the highest-quality metals.
Additionally, Aurubis manufactures about 1 million tonnes of copper cathodes every year, gathered from various e-waste goods and other garbage, including wire rods, profiles, laptops, computers, cassettes and flat-rolled items of copper and copper alloys. Other metals, such as precious metals, selenium, tin-lead, zinc and nickel, are also produced by Aurubis.
Product Portfolio The business buys complex raw resources such as copper and copper alloy scrap, electronic refuse and industrial waste. With its cutting-edge recycling methods, the company recycles effectively using various raw materials for recycling and separates the specific metals from the waste to conserve resources.
Key Development A joint venture agreement was formed in November 2020 between TSR Recycling GmbH & Co. KG (TSR) and Aurubis AG (Aurubis) to expand TSR's cable recycling operations and create recovering copper granules and plastics. TSR owns 60% of Cablo GmbH, an Aurubis subsidiary, while Aurubis owns 40%.
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The global e-waste management market report would provide access to an approx. 61 market data table, 54 figures and 209 pages.
Target Audience 2022
• E-waste Management Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• E-waste Management Manufacturers
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