Canada E-Waste Management Market Research Report, 2028

Canada E-Waste Management Market Research Report, 2028

Actual Market Research 30-01-2023 61 Pages Figures : 5 Tables : 14 Region : North America Country : Canada Category : Energy & Utility Environmental

Canada has taken steps to address the problem of e-waste by implementing a number of policies and programs aimed at promoting the responsible disposal of electronic devices. The federal government has established regulations to ensure that e-waste is properly managed, and several provinces have implemented their own e-waste management programs. One of the key components of Canada's e-waste management strategy is the promotion of recycling. There are several private companies that offer e-waste recycling services, and many retailers accept e-waste as part of their product recycling programs. Some provinces have also established producer responsibility programs, which require electronics manufacturers to provide free and convenient recycling services for their products. The government of Canada and environmental organizations have launched public awareness campaigns to educate Canadians about the importance of managing e-waste in an environmentally responsible manner. These campaigns aim to encourage Canadians to recycle their electronic waste and to make informed decisions about their electronic purchases. Canada has implemented regulations to prevent e-waste from being exported to developing countries where it can pose a significant environmental and health threat. The Canadian government requires that e-waste be properly managed and not shipped to countries without adequate disposal facilities. According to the research report “Canada E-waste Management Market Research Report, 2028," published by Actual Market Research, the market is expected to add USD 1.05 billion by 2028. The rapid expansion of the electronics industry is creating a positive Research Report for the market. Product innovation and the introduction of new devices have resulted in an increase in the sale of electronic devices. This has increased the disposal of old electronics, which has aided market growth. In line with this, rising environmental consciousness among consumers as a result of the negative impact of increasing waste volume, which leads to adverse health hazards, is positively impacting market growth. Furthermore, various technological advancements, such as the immediate integration of artificial intelligence (AI) and machine learning (ML) to identify, sort, and categorise waste, are propelling market growth. Furthermore, the scarcity of precious metals such as gold, platinum, silver, and indium is facilitating the need for e-waste management in order to manufacture new devices from recycled components with a lower carbon footprint. This, in turn, has a positive impact on market growth. Other factors, such as rising consumer spending power to afford premium-priced electronic devices and the implementation of several government initiatives to raise awareness about proper e-waste disposal, are expected to lead the market forward. The e-waste market is segmented into three categories: source (household appliances, consumer electronics, and industrial electronics), material (metal, plastic, and glass), and application (trash and recycled). Canada is grappling with the challenge of reducing levels of unsafe disposal and processing of e-waste and increasing levels of reuse, recycling, and recovery while also encouraging manufacturers to design safer products. According to Environment Canada, e-waste volumes are increasing by 4% per year across the country; historically, 90% of this waste has been disposed of in landfills, with only 10% recycled or recovered. Considerable technological advances are being made that are likely to improve the efficiency and safety of e-waste recycling and disposal and make e-waste management a more profitable business opportunity in the future. Canada has world-class e-waste recycling and research facilities. The e-waste management market in Canada is segmented by source type: household appliances, consumer electronics, and industrial electronics. Household appliances are those appliances that are used in a household, such as air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, trash compactors, microwave ovens, and induction cookers, among others. Mobile devices, wearables, TVs, set-top boxes, monitors, laptops, tablets, computers, printers, scanners, and so on are examples of consumer electronics. IT & Telecom Equipment, IT Accessories, PCBs, Digital Boards, Datacenters, Medical Equipment and Accessories, and so on are examples of industrial appliances. During the forecast period, household appliances are expected to dominate the Canadian e-waste management market. The e-waste management market in Canada is divided into three categories: metal, plastic, and glass. Because metals recovered from e-waste are very valuable, the metals segment is expected to dominate the market for e-waste management during the forecast period. Metals recovered from e-waste include aluminium, ferrous metals, copper, gold, and silver. The e-waste management market in Canada is divided into two segments: trashed and recycled. Due to an increase in E waste and certain government initiatives to improve E waste management, which are major drivers of the Canada E waste management market, the recycling segment is expected to dominate the Canada E waste management market. Extended producer responsibility (ERP), also known as product stewardship, is the business model that has been widely adopted across Canada. The popularity of this model lies in its potential to be the most cost-effective way of managing e-waste. The objective of extended producer responsibility is to make manufacturers accountable for the whole life cycle of their products, including funding the cost of recycling or safe disposal. Under the most common variation of this model, manufacturers pay fees to a third party to administer an e-waste management scheme on their behalf. ERP provides a direct incentive for manufacturers to incorporate environmental considerations into product design to keep product costs low and maintain their market competitiveness. This reduces the overall volume of e-waste that is generated and improves rates of reuse and recycling. ERP also reduces the cost of e-waste management for governments and consumers. Canada has set up the Electronics Product Stewardship (EPS) programme to urge device manufacturers to produce devices without toxic materials. More importantly, it has tightened the governance and repercussions of illegal e-waste exporting. Rapid technological advancement and frequent product innovations result in an increase in the sale of electronic products. Mobile devices, televisions, and computer devices, in particular, are experiencing rapid growth around the world. With rising purchasing power and a rising trend in disposable income, the sale of these electronics is steadily increasing. Furthermore, new product launches with updated features and added services entice customers to replace their old products with new ones. This has reduced the device's life span to about 3–4 years. As a result, e-waste is increasing at an alarming rate, encouraging industry players to expand their operations and establish a broad network for e-waste collection and processing facilities. Different levels of Canadian government control different aspects of e?waste Federal government • Regulates toxic substances & international / inter-provincial hazardous waste movements • Transcribes international agreements into national law • Environment Canada is the regulating authority Provincial and territorial Government • Regulates extended producer responsibility & intra-provincial movements • Control & license intra-provincial waste generators, carriers & treatment facilities Municipal Government • Oversee local waste management services (collection, recycling, disposal) • Providing direction on recycling & disposal to the general public COVID 19 IMPACT This e-waste management industry was suffering during the COVID-19 pandemic due to a halt in e-waste recycling and collection. Furthermore, the sudden increase in COVID-19 infections halted production. Furthermore, trade restrictions hampered economic progress and limited mobility. However, the reinstatement of lockdown restrictions enabled manufacturers to increase their activity and improve their market position. These factors aided the growth of the industry. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada E waste management market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Source Type • Household Appliances • Consumer Electronics • Industrial Electronics By Material Type • Metal • Plastic • Glass By Application Type • Trashed • Recycled The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Air purifier market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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