E-Waste Management Market Size & Share, by Treatment (Recycling, Landfills); Material Type (Metal, Glass, Plastic); Source (Household Appliances, Commercial Devices, Industrial Devices) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3351
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

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

E-Waste Management Market size is anticipated to reach USD 190 billion by the end of 2035, witnessing around 15% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of e-waste management was USD 60 billion. These gadgets have a trend to expire very easily, as small damage is enough to make them count in as waste. The surge in demand for electronic gadgets and the reduced 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 by just over 2%. Moreover, in Western Europe, laptop sales increased by 38%, majorly indicating a higher demand from students who are associated with different educational backgrounds.

Besides this, the incessant generation of electronic waste all across the world is expected to propel 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, and 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.


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E-Waste Management Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Household Electronics- The demand for electronic items such as refrigerators, smart refrigerators, washing machines, microwaves, and others are continuously rising owing to a 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.

  • Upsurge in the Use of Mobile Phones - Global smartphone usage approximately reached 7 billion users in 2022, registering a growth of 5 percent annually. Additionally, the smartphone penetration rate is expected to reach about 85% by 2023.

  • Rising Demand for Electronics and Smart Devices - The need for laptops and computers has been driven majorly by the corporate sector around the globe. This demand is further boosted by work from home situation imposed as a result of the COVID-19 pandemic. Around 300 million laptops were shipped in 2021, together with almost 160 million tablet computers.

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

Challenges

  • 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, toys, large and small appliances, and electronics are all categorized as e-waste. Even though 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 that are expected to impede the e-waste management market growth.
  • Lack of Knowledge about the Proper Disposal of Discarded Electronics
  • Higher Recycling Cost of Electronic Waste

E-Waste Management Market: Key Insights

Base Year

2022

Forecast Year

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 (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, Rest of the Middle East and Africa)  
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E-Waste Management Segmentation

Source (Household Appliances, Commercial Devices, Industrial Devices)

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 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 households with computers was almost 93% in the United States. Moreover, in the next 20 years, in India, people are expected to buy around 300 million air conditioners.

Material Type (Metal, Glass, Plastic)

The global e-waste management market is segmented and analyzed for demand and supply by material type into metal, plastic, glass, and others. Among these, the metal segment is predicted to hold the largest market share in the forecast period owing to dramatic changes in the electronic and electric industries in the past few years and the growing use of electrical scraps and recycling & incineration of these materials that have received significant approvals in the recent years. Moreover, the lack of toxic waste discharge from cremation and scrap has enhanced the demand for efficient scrap management techniques as health problems including bronchial spasms, kidney damage, and other disorders are on the rise. Therefore, mechanical recycling and thermos-chemical procedures play a significant role in metal recovery from e-waste (MREW) technology.

          By Treatment

  • Recycling
  • Landfills
  • Others

           By Material Type

  • Metals
  • Glass
  • Plastics
  • Others

             By Source

  • Household Appliances
  • Commercial Devices
  • Industrial Devices
  • Others

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E-Waste Management Industry - Regional Synopsis

North American Market Forecast   

The North American 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 a 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. Furthermore, a rise in e-waste is also expected to drive 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.

Europe Market Forecast

On the other hand, the market in Europe is expected to register a significant growth in the coming years. Electronic garbage including electronics and smartphones is among the fastest-growing electronic waste in Europe. E-waste recycling is important because of explosive growth in electronics and electrical equipment waste, high mining costs, and lack of valuable metals. A significant amount of overall garbage in Europe constitutes electronic and electric waste. Strict rules and regulations have been introduced in European countries taking into consideration the lack of land for waste disposal and rising pollution.

APAC Market Statistics

Asia Pacific is estimated to have the largest market share in the forecast period. Owing to continuous innovation and low-cost new products advancement had a substantial impact over the original life lifetime of electronic devices like computers or laptops. Sales of electronic devices over the past few years have generated a huge amount of e-waste in the region. More sales of electronic devices and failure to fix the damaged electronic devices are leading to the growth of more e-waste. Usually, the cost of repairing a device is more as compared to the new product which forces people to buy a new product instead of repairing the damaged one. However, multiple effective e-waste management treatments have been introduced from developed countries into developing countries including Pakistan, India, and China.

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Companies Dominating the E-Waste Management Landscape

top-features-companies
    • WM Intellectual Property Holdings, L.L.C
      • SWOT Analysis
      • Regional Presence
      • Recent Development
      • Risk Analysis
      • Key Performance Indicators
      • Financial Performance
      • Key Product Offerings
      • Business Strategy
      • Company Overview
      • 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

In the News

  • Electronic Recyclers International, Inc. announces the launch of a 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, a leading environmental service provider announced a 100% acquisition of TES. Through this acquisition, SK is to become a leader in the sustainable IT lifecycle services market.

Author Credits:  Abhishek Verma


  • Report ID: 3351
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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.

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

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

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.

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.

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.

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

The household appliances segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
E-Waste Management Market Report Scope
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