E-Waste Management Market to Hit USD 64.34 Million Tons by 2030 on Account of Rapid Technological Advancements and Emergence of Innovative Recycling Technologies | By SNS Insider

Based on SNS insider’s analysis, developing regions are experiencing rapid infrastructure development, including increased access to electronic devices. This, in turn, contributes to the growing volume of E-waste, necessitating robust management systems.

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Pune, Aug. 09, 2023 (GLOBE NEWSWIRE) -- As per the SNS Insider report, “The E-Waste Management Market had a valuation of USD 49.24 million tons in 2022. Projections suggest that it will reach USD 64.34 million tons by 2030, exhibiting a compound annual growth rate (CAGR) of 3.4% during the forecast period spanning from 2023 to 2030”.

Market Report Scope

E-waste management, also known as electronic waste management, refers to the systematic handling, recycling, and disposal of discarded electronic devices and equipment. As technology continues to advance at an unprecedented pace, electronic devices such as computers, smartphones, televisions, appliances, and various gadgets have become integral parts of our daily lives. However, this technological evolution has led to a significant challenge: the accumulation of electronic waste.

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Market Analysis

In recent years, the global E-waste management market has witnessed remarkable growth, driven by a confluence of factors that reflect both environmental consciousness and technological advancement. As the world becomes more digitally dependent, the disposal of electronic waste has become a critical concern. Governments across the globe are implementing stricter regulations to curb the hazardous impact of E-waste on the environment and public health. These regulations mandate proper disposal, recycling, and treatment of electronic waste, driving the demand for E-waste management services. As environmental awareness grows, consumers are becoming more conscious of the impact of their actions on the planet. There is an increasing demand for responsible and sustainable disposal of electronic devices, leading to greater adoption of E-waste management services.

E-Waste Management Market Overview & Scope:

Report Attributes
Details
Market Size in 2022USD 58.85 billion
Market Size by 2030USD 153.16 billion
CAGRCAGR of 12.7% from 2023-2030
Key SegmentsBy Processed Material (Metal, Glass, Plastic, and Others)

By Source (Household Appliance, Consumer Electronics, Industrial Electronics, and Others)

By Application (Disposal and Recycle)
Regional Analysis/CoverageNorth America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands,Rest of Europe), Asia-Pacific (Japan, South Korea,China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
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Impact of Recession

The impact of a recession on the e-waste management market can be multifaceted, affecting consumption patterns, supply chains, recycling priorities, financial capabilities, and regulatory landscapes. While recessions might pose challenges, they also offer an opportunity for the industry to reevaluate and adapt its strategies to emerge stronger, more resilient, and aligned with long-term sustainability goals. Balancing economic realities with environmental responsibility remains a crucial aspect of navigating the e-waste management landscape during challenging economic times.

Impact of Russia-Ukraine War

The Russia-Ukraine war's impact on the e-waste management market is a complex interplay of challenges and opportunities. While disruptions in supply chains and resource scarcity pose immediate challenges, the crisis could also catalyze positive changes in the long run. Governments, industries, and consumers may recognize the importance of sustainable e-waste management, leading to innovative solutions and more responsible practices. As the geopolitical situation evolves, it is essential for stakeholders to collaborate and adapt to ensure the proper disposal and recycling of electronic waste while mitigating its environmental and social impacts.

Key Regional Development

The e-waste management market's regional dynamics are influenced by a complex interplay of regulations, technology adoption, consumer behavior, and socio-economic factors. While developed regions like North America and Europe showcase advanced e-waste management practices, emerging economies in Asia-Pacific, Latin America, the Middle East, and Africa are progressively adopting measures to tackle the e-waste challenge. A holistic approach, combining regulatory efforts, technological innovation, public awareness campaigns, and international collaborations, is essential to effectively manage the global issue of e-waste and pave the way for a sustainable future.

Key Takeaway from E-Waste Management Market Study

  • The market is undergoing a paradigm shift, with the Consumer Electronics Segment and the Recycle Segment poised to exert significant influence. Their symbiotic relationship, driven by environmental awareness, technological innovation, and evolving regulations, is reshaping how electronic waste is handled.
  • As these segments continue to develop, a more sustainable and circular approach to e-waste management will undoubtedly take center stage, ushering in a new era of responsible consumption and resource conservation.

Recent Developments Related to E-Waste Management Market

  • In a significant step towards environmental sustainability, Bharat Petroleum Corporation Limited (BPCL) has proudly unveiled its pioneering E-Waste Management Initiative. This progressive endeavor stands as a testament to BPCL's unwavering commitment to not only its core business but also to the larger welfare of the community and the planet.
  • In a pioneering collaboration, Nanyang Technological University (NTU) Singapore and Se-cure Waste Management have joined forces to establish a groundbreaking pilot recycling plant dedicated to addressing the mounting challenge of lithium-ion battery waste.

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Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Russia- Ukraine War

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies

4.2.2.1 US

4.2.2.2 Canada

4.2.2.3 Germany

4.2.2.4 France

4.2.2.5 United Kingdom

4.2.2.6 China

4.2.2.7 Japan

4.2.2.8 South Korea

4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. E-Waste Management Market Segmentation, By Processed Material

8.1 Metal

8.1.1 Copper

8.1.2 Steel

8.1.3 Others

8.2 Glass

8.3 Plastic

8.4 Others

9. E-Waste Management Market Segmentation, By Source

9.1 Household Appliance

9.2 Consumer Electronics

9.3 Industrial Electronics

9.4 Others

10. E-Waste Management Market Segmentation, by Application

10.1 Disposal

10.2 Recycle

11. Regional Analysis

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia-Pacific

11.5 Middle East & Africa

11.6 Latin America

12. Company profile

12.1 RecycleSmart Solutions

12.1.1 Company Overview

12.1.2 Financial

12.1.3 Products/ Services Offered

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 Ecube Labs Co., Ltd.

12.3 Enevo

12.4 IBM

12.5 Veolia

12.6 Tes

12.7 Capital Environment Holdings Limited

12.8 Eniro-Hub Holdings Ltd

12.9 Tetronics Technologies Limited

12.10 Sembcorp Environmental Management

12.11 Eri

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

13.3.1 Industry News

13.3.2 Company News

13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

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