Electronics & Smart Devices

E-Waste Management Market Analysis by Treatment (Recycling, Landfills, and Others); by Material Type (Metal, Glass, Plastic, and Others); and by Source (Household Appliances, Commercial Devices, Industrial Devices, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


In The News

  • Electronic Recyclers International, Inc. announce the launch of new battery collection solution, One Drum in collaboration with Call 2Recycle and CellBlock FCS. It's the industry's first combined consumer battery collection item.

  •  SK ecoplant and Navis Capital Partners, leading environmental service provider announced 100% acquisition of TES. Through this acquisition, SK is to become leader in the sustainable IT lifecycle services market.


Global E-Waste Management Market Definition

E-waste management is a comprehensive approach to removing electronic trash from the environment in order to stop its poisonous deterioration on the planet. The process includes reusing and recycling obsolete electronic wastes. Older electronics and electrical equipment are referred to as "e-waste," or electronic rubbish. Used electronics that can be recycled for material recovery, refurbishment, resale, reuse, or disposal are also referred to as e-waste. The share of E-waste is growing incessantly in both developed and developing countries. This is majorly due to the surge in amount of e-waste produced by electrical, electronic, and consumer electronics is substantially rising each year.


Global E-Waste Management Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~15%

Base Year Market Size (2022)

~ USD 60 billion

Forecast Year Market Size (2035)

~ USD 190 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)


Global E-Waste Management Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global e-waste management market is estimated to garner a revenue of USD 190 billion by the end of 2035 by growing at a CAGR of ~15% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 60 billion in the year 2022. After the onset of COVID-19 the sales of laptops and tablets has dramatically increased. These gadgets have a trend to expire very easily, as small damage is enough to make them count in a waste. The surge in demand for electronic gadgets and the reducing lifecycle of these products is therefore anticipated to drive the need for e-waste processes, and in turn, contribute to the growth of the global e-waste management market. India's demand for laptops and tablets is anticipated to increase between 2020 and 2023 at an annualized rate of 3%. Up to 2019, the market for laptops and tablets expanded at just over 2%. Moreover, in Western Europe, laptop sales were increased by 38%, majorly indicating a higher demand from students who are associated with different educational backgrounds.

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Besides this, the incessant generation of electronic waste all across the world is expected to propel the market growth. Globally, e-waste production exceeds 50 million metric tons annually, or around seven pounds per person. Furthermore, inadequate management of electronic waste and its negative impact on the environment is to boost the demand for better e-waste management. According to the most recent estimates, only 17.4% of the e-waste created in 2019 reached legitimate management or recycling facilities; the remainder was illegally discarded, it is mostly done in low or middle income countries. Moreover, between 2014 and 2020, greenhouse gas emissions from electronic gadgets and garbage linked with them grew by 53%, including 580 metric tons of carbon dioxide just in 2020.


E-waste-management-market-overview.
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Global E-Waste Management Market: Growth Drivers and Challenges

Growth Drivers

  • Demand for Household Electronics- The demand for electronic items such as, refrigerator, washing machine, microwaves and others is continuously rising owing to rise in the annual per capita income, which is expected to create opportunities for market growth in the coming years. Each year, around 215 million refrigerators are sold worldwide, bringing in more than 125 billion dollars from sales.

  • Increased Use of Mobile Phones - Global smartphone usage was anticipated to reach 7 billion users in 2022, registering a growth of 5 percent annually. Additionally, with a projected global population of just over eight billion people by that time, the smartphone penetration rate is expected to reach about 85% by 2023.

  • Rising Sales of Laptops, Computer, and Tablet- The need for laptops and computers has been driven majorly from the corporate sector globally. This demand is further boosted by work from home situation imposed as a result of the COVID-19 pandemic. Around 300 million laptops were anticipated to be shipped in 2021, together with almost 160 million tablet computers.

  • Higher Generation of Electronic Waste- Owing to rising usage of electronic items, is boosting the electronic waste generation. In 2020, around 55 million metric tons generated in 2019, moreover, about 75 million metric tons of e waste is to be generated by 2030.

Challenges

  • Higher Recycling Cost of Electronic Waste

  • Lack of Proper Framework for Collection of Recycling Wastes - Everything from televisions to flashlights, CD players and VCRs are considered electronic garbage, commonly referred to as end-of-life (EOL) electronic gadgets. Cell phones, some toys, large and small appliances, and electronics are all categorized as e-waste. Despite the fact that there are services available to recycle, refurbish, or responsibly discard these goods, a significant percentage of e-waste still ends up in a landfill. These are the few factors which are expected to impede the e-waste management market growth.

  • Lack of Knowledge about Proper Disposal of Discarded Electronics

The global e-waste management market is segmented and analyzed for demand and supply by source into household appliances, commercial devices, industrial devices, and others. The household appliances segment is to expected to garner the largest market share by 2035 as households form the largest consumer base of electronic gadgets and hence the generation of e-wastes from this base is also massive. In 2022, the percentage of household with computer was almost 93% in the United States. Moreover, in next 20 years, in India, people are expected to buy around 300 million air conditioners. 


Global E-Waste Management Market Regional Synopsis

The North America e-waste management market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The market growth in the region is attributed to the rising demand and sales of mobile phones followed by rise in the per capita income in the region. For instance, in January 2022, the value of smartphones sold in the United States jumped by USD 1.7 billion, bringing total sales to USD 74.7 billion.  Moreover, the U.S. GDP per person in 2021 increased by about 10% from 2020 to USD 70,000. Furthermore, rise in the e-waste is also expected to drive the market growth in the region. In 2019, the US produced 6.92 million tons of electronic garbage, or 46 pounds per person. Only 15% of the material was recycled.


Market Segmentation

Our in-depth analysis of the global e-waste management market includes the following segments:

      By Treatment

  • Recycling
  • Landfills
  • Others

        By Material Type

  • Metal
  • Glass
  • Plastic
  • Others

        By Source

  • Household Appliances
  • Commercial Devices
  • Industrial Devices
  • Others

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Top Featured Companies Dominating the Global E-Waste Management Market

    • WM Intellectual Property Holdings, L.L.C

      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Capital Environment Holdings Limited
    • Aurubis AG
    • Boliden Group
    • Eniro-Hub Holdings Ltd.
    • Umicore
    • MBA Polymers Inc.
    • Electronic Recyclers International, Inc.
    • Sims Limited
    • Stena Metall Group 

     


Key Questions Answered in the Report

1) What are the major factors driving the growth of the electronic waste management market?

Ans: Rising demand for mobile phones, increasing sale of household electronics, and growing e-waste generation are the few factors likely to boost the market growth.

2) What would be the CAGR of electronic waste management market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the electronic waste management market growth?

Ans: Lack of awareness of dumping e-waste, inadequate infrastructure for recycling such waste and increasing cost of recycling are the few factors expected to impede the market growth

4) Which region will provide more business opportunities for growth of electronic waste management market in future?

Ans: The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the electronic waste management market?

Ans: The major players in the market are Capital Environment Holdings Limited, Aurubis AG, Boliden Group, Eniro-Hub Holdings Ltd., Umicore, BA Polymers Inc., Electronic Recyclers International, Inc., Sims Limited, Stena Metall Group, WM Intellectual Property Holdings, L.L.C, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the electronic waste management market?

Ans: The market is segmented by treatment, material type, source, and by region.

8) Which segment captures the largest market size in the source industry segment in the market?

Ans: The household appliances segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

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