According to the MRFR, the European E-waste management market is predicted to reach USD 66,394.48 million in 2032, up from USD 24,088.31 million in 2023, with a CAGR of 11.6% during the assessment period.
The growing amount of electronic trash produced worldwide, as well as increased awareness of the negative environmental impact of improper disposal, are driving the rise of the e-waste management sector. Smartphones, computers, and household appliances are regularly updated as technology progresses, resulting in a rapid growth in electronic trash. Governments and governing bodies have been enacting stricter rules and restrictions. In this regard, a consistent trend has been to focus on effective garbage and e-waste recycling, so preventing negative environmental repercussions.
Demand for e-waste treatment services is also being driven by the growing need to recover valuable resources such as gold, silver, copper, and rare earth metals from scrap electronics. These elements are essential to produce new devices, therefore recycling reduces the need for mining, conserves resources, and lowers carbon emissions. There is a growing emphasis on the development of sustainable e-waste recycling technologies that assure safe deconstruction, data deletion, and correct disposal of hazardous components, making it a more appealing and responsible option for both consumers and enterprises.
Market Segmentation
The European E-waste management market is divided into three segments based on application: recycle, refurbish, and disposal.
According to Source, the Europe E-waste management market is divided into IT & Telecommunication Equipment, Computers and Peripherals, Data Centre Equipment, Storage Devices, Monitors, Telecommunication Equipment, Consumer Electronic Goods, and Others.
According on material recovered, the Europe E-waste management market is divided into Rhodium, Gold, Platinum, Silver, Gallium, Selenium, Germanium, Tellurium, Tantalum, Palladium, and Others.
The Europe E-waste management market is divided into two segments: B2B Collection and B2C Collection.
Major Players
Umicore, Veolia, ALBA SE, Aurubis AG, Sims Limited/Sims Lifecycle Services, Inc., and others are among the market's leading companies.
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