Global Electronic Waste (E-Waste) Management Market Size, Share, Opportunities, And Trends By Material Recovery (Plastic, Glass, Metal, Others), By Recycler Type (Metal Recycler, Plastic Recycler, Glass Recycler, Printed Circuit Board Recycler), By Source Type (Communication And Technology, Consumer Electronics, Others), And By Geography - Forecasts From 2024 To 2029

The global electronic waste (E-Waste) management market is expected to grow at a CAGR of 14.98%, reaching a market size of US$169.476 million in 2029 from US$84.326 million in 2024.

Discarded gadgets produce junk or rubbish, known as e-waste. Managing e-waste involves establishing a chain of values to collect, recycle, and dispose of it, making it the primary factor. Another factor promoting this industry’s expansion is the requirement to adopt cutting-edge technologies. The biggest barrier is that many regions worldwide have insufficient e-waste management systems.

Moreover, the processing of e-waste and regulations regime is favourable for significant growth in this market. With increased awareness about the harmful effects of e-waste on the environment and human health, governments as well as global organisations are compelled to develop stringent rules and standards to ensure proper handling, recycling and disposal. These regulatory frameworks promote adherence credibility as well as creativity which helps overcoming e-waste challenges leading to more market expansion.

Global Electronic Waste Management Market Drivers:

• The accelerated rate of obsolescence and low cost of recovered raw materials boost the electronics waste management market’s growth.

Because of their nature, electronic devices occasionally need to be updated or fixed. This is one of the primary reasons that e-waste is produced. The cost of a new electronic gadget is lower than that of a repaired one. Buying new products instead of repairing old ones is becoming more common. The primary reason for the current massive production of e-waste is this faster rate of obsolescence. These metals are expensive because they are rare. This has led to an increased demand for recycling, repairing, and reusing this metal-based technology. Undoubtedly, such challenges drive producers of electronic goods to get back the raw materials from recovered e-waste. Countries may mitigate the dangers resulting from climate change by lowering greenhouse gas emissions.

• Rising government initiatives for electronic waste

Additionally, governments have launched several programs to stop the manufacturing of e-waste. For instance, for those in charge of transferring, selling, manufacturing, and processing equipment, as well as wholesalers, dismantlers, and other parties, the Indian government began enforcing regulations on the treatment of electronic waste. These components are expected to sustain the e-waste management industry expansion. A lasting environmental strategy for electronic supervision is vital at home and in the workplace, according to the Environmental Protection Agency (EPA). The federal government appreciates that electronic devices are now common within society; thus, it is dedicated to their responsible use and being the forerunner in their management in the United States of America. The EPA participated in the UNIDO-GEF venture presentation, which focused on "Enhancing Regional Cooperation and Strengthening National Initiatives or the Environmentally Sound Management of POPs in Waste of Electronic and Electrical Equipment (WEEE)". Step created a tool with assistance from the EPA to improve the ability of the participating nations to assess the amount of e-waste produced, imported, and exported.

Global Electronic Waste Management Market Restraints:

• High recycling cost

The lack of e-waste collection facilities and the high cost of processing methods have caused problems with e-waste recycling. Many obsolete products are tossed out in the garbage or kept in warehouses and storerooms due to the absence of a system. To improve the situation, a routine e-waste collection system must be implemented. An insufficient number of waste pickup zones is impeding the current state of recycling programs. Additionally, customers are unaware of these pickup zones, which results in the inconvenient disposal of waste, such as burning it using traditional methods. This leads to pollution and health risks.

Global Electronic Waste Management Market Geographical Outlook

• The Asia Pacific is witnessing exponential growth during the forecast period

During the forecast period, Asia-Pacific is expected to hold a substantial market share of e-waste management for several reasons. These include the continuous decrease in the price of electronic goods and new product developments due to continued innovation. This has greatly influenced how long various electronic devices like computers and phones last. Furthermore, increasing per capita incomes across countries have driven consumers to buy new items routinely. Consequently, electronic product sales such as computers, freezers, and cell phones have increased in recent years, leading to an increase in the amount of e-waste generated within this region from ten years ago.

Global Electronic Waste Management Market Key Launches

• In October 2023, E-waste management was developed by the Communications Space and Technology Commission of Saudi Arabia to test these new rules with help from Zimbabwe, Rwanda, and Paraguay through ITU. The key objective of this initiative is to establish an international framework for rules and guidelines related to e-waste management. This initiative's main objective is to create an international framework of rules and guidelines for managing electronic waste.
• In February 2022, SK Ecoplant, a construction firm in South Korea, acquired eWaste & IT Asset Disposal (ITAD) firm TES. According to a contract signed by the building arm of SK Group, this South Korean conglomerate would outright purchase all the shares in the sustainable technology lifecycle assets company based in Singapore. TES has been part of Navis Capital Partners’ portfolio since 2013. It offers waste management solutions for IT equipment manufacturers and ITAD, as well as recycling and data center decommissioning services. It has over 40 recycling facilities globally. According to SK Ecoplant, this acquisition will allow them to expand their waste management services while also bringing them closer to a zero-waste threshold.
• In October 2022, the multinational recycling firm European Metal Recycling (EMR), which has its headquarters in the UK, announced that it had opened a third UK facility at EMR Duddeston in the city center of Birmingham. Through the platform, British companies will be able to "buy back" low-carbon recycled materials and remove postindustrial plastic waste from their production processes, creating a closed-loop supply chain. In order to collect more plastic from waste electronics and electrical equipment (WEEE), postindustrial manufacturing, and automobile shredder residue, the company is currently attempting to set up a nationwide network. MBA Polymers UK intends to produce 100,000 metric tonnes of recycled plastic annually by 2030; 13,000 to 15,000 metric tonnes of that amount are anticipated to come from the Duddeston site.

The Global Electronic Waste Management market is segmented and analyzed as follows:

• By Material Recovery
  • Plastic
  • Glass
  • Metal
  • Others
• By Recycler Type
  • Metal recycler
  • Plastic Recycler
  • Glass Recycler
  • Printed Circuit Board Cycler
• By Source Type
  • Communication and Technology
  • Consumer Electronics
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others