The global e-waste management market size was accounted for USD 44.7 million metric tons, in 2016 and expected to grow with a CAGR of 4.1% during the forecast period, 2017 to 2025. Rising adoption of electronic devices such as mobile phones, tablets, wearable devices, computers, fridges, washing machines and home entertainment systems, etc., are expected to drive the demand for e-waste management solutions. Additionally, rapid industrialization and urbanization in developing economies are expected to bolster the market growth in the coming years. Furthermore, rising concern regarding the recycling and disposable of e-waste are anticipated to upsurge the demand for e-waste management.
E-waste management is the process of recycling, reuse, resale, and disposal of waste electronic components and devices. Further, with the rising development in the electrical and electronic industry, the adoption of advanced technologies such as IoT, 5G, and Cloud Computing, etc., are also increasing. Moreover, these technologies use various hardware components, which are expected to generate huge amountof e-waste. This is leading to an increase in the demand for e-waste management systems. Additionally, the high end luxury vehicles, sports cars and commercial vehicles utilizes various electrical &electronic components such as motors, wires & cables and switches etc. Moreover, these types of vehicles are generating huge amount of e-waste, thereby, expected to fuel the market growth in the forthcoming years.
The disposing of electronic & electrical products results in the release of high amount of toxic gases. These types of gases create various health ailments such as kidney damage, Wilson’s disease, and bronchitis. Therefore, in order to reduce the ill effect of toxic gases, the proper management of e-waste is required. As a result it is expected to boost the market growth. Furthermore, rising awareness about the environmental effects caused by e-waste is expected to augment the market growth in the forthcoming years.
Governments around the world are implementing strict regulations and policies regarding e-waste, which is expected to create a huge opportunity for market growth, during the forecast period, 2018 to 2025. For example, the Indian government has passed a law, which states that electronic manufacturing companies will be responsible for reducing and recycling e-waste. Additionally, most of the IT and electronic organizations are collaborating with the e-waste management solutions providers in order to reduce the e-waste or efficiently recycle or decompose it. This is projected to amplify the market growth in the upcoming years.
The processed material segment is bifurcated into glass, plastic, metal, and others. The other segment further divided into ceramics, concrete, rubber, plywood, and wood. The metal segment held the largest market share, in 2016 and projected to grow with a CAGR of 4.0%, during the forecast period. The electrical and electronics products are usually made of components, which includes metal solders, conductive metals, and metal tracks. Moreover, metals are widely used in individual components such as microcontrollers and printed circuit boards. Thus, growing use of metals in different components is projected to drive the segment growth, during the forecast period, 2017 to 2025.
The plastic segment is projected to see a significant growth, over the forecast period, owing to the rising adoption of plastic in several electric devices such as computers, lawnmowers, food processors, telephones, and kettles. Additionally, the glass and other segments are projected to see moderate growth during the forecast period, 2019 to 2025.
The source segment has been fragmented into industrial electronics, consumer electronics, and others. The consumer electronics segment held the largest market share, in 2016 and expected to dominate the e-waste management market, over the forecast period. The consumer electronics segment has been further bifurcated into handheld devices, IT equipment, PCBs, household appliances, and IT accessories. The segment growth is attributed to the rising adoption of electronic gadgets and devices such as smartphones, refrigerators, inductions, kettles, washing machines, and laptops, etc. Additionally, the emergence of innovative technologies and the growing need for upgrading the existing devices are projected to fuelthe segment growth in the forthcoming years.
The industrial electronics segment has been bifurcated into medical equipment and IT & telecom equipment. The segment is projected to grow with a CAGR of 3.5%, during the forecast period, 2017 to 2025. The segment growth is attributed to the growing number of IT& telecom service providers and rising adoption of innovative technologies such as IoT, cloud computing and AI among others. Moreover, these technologies require various advanced electronic components such as sensors, microcontroller and chips etc., which is projected to drive the market growth. Additionally, with the growing advancements in the medical devices, the demand for advanced electronic components such as piezoelectric sensors, LEDs and printed circuit boards (PCBs) has increased, which in turn expected to generate huge amount of e-waste. Thus, projected to boost the market growth in the upcoming years.
The application segment is bifurcated into recycle and disposable. The disposable segment is further segmented into reusing, incineration, and land filling. The land filling and incineration are the commonly used method for disposing of e-waste. However, disposinge-waste by these methods, results into the release of toxic gases. Therefore, companies are shifting towards reuse method, which is an economical and sustainable method for e-waste management.
The recycling segment is projected to grow at a CAGR of 3.5%, during the forecast period, 2017 to 2025, owing to growing awareness regarding the harmful effects of e-wastage and increasing investment in the development of e-waste management solutions such as recycling, reusing and resale. Additionally, various, NGOs and private organizations are also collaborating, in order to reduce e-waste. The leading players in the IT market like Dell, Panasonic Corporation, HP, and Microsoft are taking various initiatives such as making partnerships with recycling companies and developing new ways for recycling the electronic components. These initiatives are projected to boost the segment growth in the forthcoming years.
Asia Pacific market has accounted for the largest revenue share, in 2016 and expected to see significant growth with a CAGR of around 6.0%, over the forecasted period, 2017 to 2025. The rising purchasing power of consumers, growing advancements in technologies, and an increasing number of e-commerce channels has led to an increase in the adoption of electronic devices. Thereby, increasing the demand for e-waste management in the region. Additionally, manufacturers in the regions are increasing their investment in the R&D activities, for developing recyclable or reusable electronic components. These advancements are projected to amplify the regional growth in the forthcoming years.
The Middle East & Africa market is projected to see the fastest growth, during the forecasted period, 2017 to 2025. The rising number of illegal dumping activities and growing demand fore-waste management systems are projected to drive the regional growth in the upcoming years. Additionally, stringent government regulations and policies regarding the systematic recycling of electronic waste are anticipated to drive regional growth. North America and Europe region are projected to see moderate growth, during the forecast period.
The global e-waste management market has been positively impacted by the ongoing COVID-19 pandemic, owing to the growing adoption of electronic gadgets such as smartphones, laptops, and tablets. Furthermore, due to the COVID-19 pandemic, the demand for online education, online shopping, and digital payments has increased significantly, as a result, propelling the demand for smartphones, which, in turn, increasing e-waste. Thus, expected to boost the demand for e-waste management. The growing adoption of advanced technologies such as artificial intelligence, the internet of things, big data, and data analytics tools will increase the demand for electronic components and devices, is projected to propel the demand for e-waste management in the forthcoming years.
Key players in the market are MRI (Australia) Pty Ltd.; Umicore S.A.; Waste Management, Inc.; Sims Recycling Ltd., Enviro-Hub Holdings Ltd., Desco Electronic Recyclers and others. The key players in the market are heavily investing in the research and development activities, for developing cost-effective and innovative recycling equipment, which is expected to help companies in gaining a competitive edge.
The competition in the market is very fierce, as large number of recycling companies is collaborating with the IT & telecom, automotive, and various other industries, to develop innovative and technically advanced e-wastage management system. Additionally, government support programs and initiatives are encouraging companies to develop innovative solution for electronic waste management.
Base year for estimation
Actual estimates/Historic data
2014 - 2015
2017 - 2025
Volume in Million Metric Tons and CAGR from 2017 to 2025
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
U.S., Canada, U.K., Germany, France, Italy, Spain, Norway, Sweden, Switzerland, Austria, Belgium, Netherlands, Ireland, China, India, Japan, Taiwan, South Korea, Brazil, and Mexico
Volume forecast, company share, competitive landscape, growth factors, and trends
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global e-waste management market on the basis of processed material, source, application, and region:
• Processed Material Outlook (Volume, Million Metric Tons, 2014 - 2025)
• Source Outlook (Volume, Million Metric Tons, 2014 - 2025)
• Industrial Electronics
• IT & Telecom Equipment
• Networking Cards/Equipment
• Digital Boards
• Medical Equipment
• Monitoring and Control Equipment
• Consumer Electronics
• Household Appliances
• Handheld Electronics
• IT Accessories
• Laptops Cases
• USD memory Sticks
• IT Equipment
• Application Outlook (Volume, Million Metric Tons, 2014 - 2025)
• Regional Outlook (Volume, Million Metric Tons, 2014 - 2025)
• North America
• Asia Pacific
• South Korea
• Latin America
• Middle East & Africa
Research Support Specialist, USA