Global E-Waste Management Market Research Report, 2028

Global E-Waste Management Market Research Report, 2028

Actual Market Research 31-01-2023 164 Pages Figures : 34 Tables : 72 Region : Global Category : Energy & Utility Environmental

E-Waste refers to the abandoned electrical or electronic equipment that can be recovered, reused, and sold through material recovery. Modern electrical appliances, such as computers, televisions, refrigerators, and air conditioners, may contain hazardous substances like brominated flame retardants, heavy metals like lead, mercury, cadmium, and beryllium, as well as other contaminants. The number of used and discarded gadgets is on the rise, as is global demand for electronic devices. Every year, between 50 and 60 Million and more metric tons of electronic waste are produced, which is more than the weight of all commercial aircraft ever produced. Another name for electronic waste is "urban mining." It is the process of separating the components of electronic waste for recycling or resale. Additionally, the expansion of discretionary funds makes it simple to acquire cutting-edge, brand-new technology. The sector is being driven by the desire of the younger generation to frequently upgrade to more recent models of phones, computers, and other electronic devices. As electronics manufacturers strive to produce electrical and consumer electronics with shorter lifespans, the demand for e-waste management services is growing. The rising demand for upgrading to the most recent technology is expanding opportunities for producers in the e-waste management market. In order to lessen the risks to the environment and pollution that would result from this, a number of market players are making significant efforts to recycle e-waste. According to the research report, "Global E-Waste Management Market Research Report, 2028" published by Actual Market Research, the market is anticipated to reach market size of USD 122.48 Billion by 2028, increasing from USD 60.27 Billion in 2022. Further, the market is projected to grow with 12.82% CAGR for 2023-28. Rapid economic growth, urbanization, and population growth have all resulted in an increase in resource consumption and, as a result, in the release of a significant amount of waste into the environment. From a global perspective, the current management of e-waste and resources lacks a comprehensive strategy that addresses the entire supply chain—product design, extraction of raw materials, production, consumption, recycling, and e-waste management. Growth in the market is being driven by a focus on energy and resource recovery as well as a lack of land for efficient e-waste disposal. However, market expansion is being stifled by a lack of emphasis on e-waste management and lower sustainability standards in management. Also, more people are buying recyclable products, which mean there are a lot of opportunities for the market to grow. The adoption of proactive government measures to reduce illegal dumping is driving the expansion of the global market for waste management. As per the report, the market is divided into different types of sources, like household, consumer, and industrial appliances, among others. In 2022, it is anticipated that the home appliances industry will continue to dominate the global e-waste management market. Home appliances account for a significant portion of the global e-waste stream. As a result, effective regulations to deal with huge amounts of e-waste must now be developed. Several nations require the collection of electronic goods for end-of-life management from manufacturers and importers. Electronic waste can either be recycled or reused by manufacturers themselves. Under the Home Appliances Recycling Law, for instance, consumers of appliances like refrigerators, air conditioners, and washing machines in Japan are required to send them to stores so that they can send them to businesses. The environment that is favourable to recycling e-waste is being created by these regulations. To effectively manage e-waste, governments around the world are enacting numerous regulations and policies. For instance, Indian legislation passed by the Ministry of Environment, Forests, and Climate Change mandates that manufacturers of electronic devices be held accountable for recycling and reducing the amount of electronic waste in the country. To cut down on e-waste, a number of other tactics are being employed, including the utilization of renewable resources, modifications to the manufacturing procedure, and alternatives to environmentally friendly packaging. E-waste management initiatives are being implemented by government agencies in a variety of regions to cut down on the amount of e-waste produced all over the world. In order to lessen the pollution and threats to the environment posed by e-waste, market participants are implementing recycling strategies. Dell, a major computer manufacturer, introduced its first computer made of recycled electronics-derived plastic in June 2014. "The OptiPlex 3030," the company's first computer made from old electronics recycled through a closed-loop process, is now available for purchase. In addition, recycled plastic has recently begun to be used in Dell's other desktops and monitors. Due to consumers' growing preference for technologically advanced devices, Millions of refrigerators, televisions, and cell phones are upgraded to more recent models. Additionally, 258 Million computers, cell phones, televisions, and monitors were thrown out by consumers in the United States. The global market is divided into North America, Europe, Asia-Pacific, South America, the Middle East and Africa, and Asia-Pacific. Due to rising production and consumption of electrical and electronic components across the region, Asia-Pacific is expected to dominate the market in 2022. Metals, for example, pose a threat to human health and the environment when old electronics are disposed of. The harm that e-waste causes around the world have significantly increased due to the rising quantity and pollution it produces. South America, on the other hand, is expected to expand at a higher CAGR than other regions between 2023 and 2028. E-waste is produced and imported by nations in South America, influencing the regional stream that typically lies outside the guidelines. E-waste has emerged as a prominent issue in public plans across South America on a regular basis. Also, the Ministry of Education in Argentina is running a campaign about how important it is to recycle computer equipment. In addition, the market is divided into various material categories, such as glass, metal, and plastic, among others. In 2022, the metal segment held the lead in the type of global e-waste management market share, and it is anticipated that it will continue to do so in future years. The amount of electronic scrap has skyrocketed as a result of the dramatic changes in the electric and electronic industries over the past ten years, and recycling and burning these materials have become quite popular. In addition, the absence of hazardous waste discharge from incineration and scrap has raised health risks, such as kidney damage, bronchitis, and other illnesses, driving the demand for efficient scrap management strategies. The aforementioned factors are anticipated to drive global market segment expansion during the anticipated time frame. Due to the growing use of plastic in a variety of electrical appliances, such as kettles, lawnmowers, computers, food processors, and telephones, the plastic market is also expected to expand at a healthy rate by 2028. From 2023 to 2028, it is anticipated that the glass and other material segments will expand at a moderate rate. The report is divided into trashed and recycled e-waste according to the application type. Due to a lack of awareness regarding the environmental harm that e-waste causes, the trashed segment commanded the largest share of the market in 2022. Also, there is no information on how to properly collect, recycle, and dispose of e-waste, which suggests that it is managed outside of the allowed collection system. Electronic waste can be disposed of in one of three ways: recycling, burning, and landfilling. However, it has been discovered that both incineration and landfilling have a significant negative impact on human health and the environment. On the other hand, recycling is a cost-effective and long-lasting strategy for reducing global electronic waste production. During the forecast period, it is anticipated that the recycle sector will expand at a high CAGR. This is because a number of governments and non-governmental organizations (NGOs) are launching campaigns to educate people about the effective collection, treatment, and recycling of electronic waste. Microsoft, Dell, HP, and Panasonic Corporation are just a few of the companies that have already started projects with recycling companies to set up significant take-back programs for recycling or reusing old technology. On October 14, International E-Waste Day is celebrated each year as a time to consider the effects of electronic waste and the steps that must be taken to improve the circularity of electronic products. The WEEE Forum established International E-Waste Day in 2018 to promote recycling of used electrical and electronic equipment and encourage consumers to do so. Leading experts and producer responsibility organizations are urging households, businesses, and governments to support efforts to transport more unused plug-in or battery-operated products to facilities where they can be repaired or recycled to recover a significant amount of valuable materials and cut down on the need for new resources on International E-Waste Day. Prices for rare metals have skyrocketed as a result of their increasing demand and limited supply. These metals must be extracted from e-waste in order to be utilized in another production. For instance, approximately 250 kilograms of silver, 24 kilograms of gold, and nine tonnes of copper can be recovered from one Million mobile phones that are e-waste. Manufacturers can benefit from this as well, as they can produce electronic devices at a lower cost and outperform rivals in terms of cost. The market's positive growth trend had an impact on the economy. Work-from-home policies have increased the demand for mobile computing devices, reducing the use of stationary desktops. As a result, businesses have been focusing on recycling these systems to reduce operational costs, opening up a huge opportunity for market expansion. Numerous businesses have been actively investing in e-waste management in response to this expanding opportunity. For instance, Petonic Infotech announced in January 2021 that it would invest half a Million dollars in Prometheus e-waste recycling. Petonic Infotech hopes to assist Prometheus E-Waste in promoting sustainable e-waste management throughout India with this investment. Also, the money will help Prometheus E-Waste solve India's e-waste problem in a safe, hassle-free, and effective way. In addition, the "E-Waste World Conference & Expo" is Europe's largest international trade show dedicated to the collection, sorting, processing, and reduction of electrical waste in all its forms. Recycling businesses, critical raw material suppliers, electronics manufacturers and suppliers, ITAD businesses, and the entire electronic waste recycling supply chain should attend this event to learn about the most recent innovations and solutions for creating a circular economy and contributing to the development of sustainable supply chains for the future. Addressing everything from recycling of industrial, commercial, and post-consumer electronics to circular electronics, raw materials, design for recycling, sorting solutions, urban mining, IT asset disposition, and collection and take-back strategies. On the other hand, a number of nations have implemented the Extended Producer Responsibility Policy, which requires producers to accept responsibility for produced goods throughout their entire life cycle. Because they are producing the goods for profit, the producers are being forced to bear the social cost of managing e-waste under the EPR. Manufacturers, importers, suppliers, and retailers are all referred to as "producers" in this policy. Based on the items and methods of disposal, the EPR has established and regulated laws for the management of e-waste. Producers are returning their products and recycling them for the production of new ones as a result of this policy, which contributes to efficient e-waste management. The expansion of the e-waste management market is being fuelled by regulations that are being enacted by governments all over the world to encourage the responsible disposal of electronic waste (e-waste). The following are important government regulations regarding the management of e-waste: • Basel Agreement: The trans-boundary movement of hazardous waste, which includes e-waste, is governed by the Basel Convention, a global agreement. The Convention prohibits the export of hazardous waste from developed countries to developing nations and mandates that e-waste be managed in an environmentally responsible manner. • Regulations of the European Union (EU): The Waste Electrical and Electronic Equipment (WEEE) Directive, which requires manufacturers to take responsibility for the disposal of their products at end-of-life, is one of several regulations that the EU has enacted regarding the management of e-waste. • Laws of the United States of America: The Electronic Waste Recycling Act in California requires manufacturers to finance the recycling of their products and is one of a number of state and federal regulations related to e-waste management in the United States. • Regulations in China: The Administration of Import and Export of Solid Waste, which oversees e-waste import and export, is one of China's e-waste management regulations. These rules are meant to make it easier to properly dispose of e-waste and lessen the harm it does to the environment. They require the environmentally responsible management of e-waste, encourage the repurposing of valuable materials, and forbid the transfer of hazardous waste from developed to developing nations. Start-ups for E-Waste Management: • The Last Mile: The Last Mile is a new company based in the United States that helps people, businesses, and organizations recycle their electronic waste in a responsible way. They recycle e-waste safely and effectively using cutting-edge technologies to reduce waste. • iRecycle: E-waste recycling services that are safe and responsible are offered to individuals, organizations, and businesses by the UK-based startup iRecycle. To recycle e-waste safely and effectively and to reduce waste, they employ environmentally friendly methods and cutting-edge technologies. • Gjenvinningsdata: Gjenvinningsdata is a new company in the field of e-waste management based in Norway. It offers responsible e-waste recycling services to individuals, organizations, and businesses. They recycle e-waste safely and effectively using cutting-edge technologies to reduce waste. • Enviroserve: E-waste recycling services are offered to individuals, businesses, and organizations by Enviroserve, a UAE-based company that manages electronic waste. To recycle e-waste safely and effectively and to reduce waste, they employ environmentally friendly methods and cutting-edge technologies. • E-Waste Africa: E-Waste Africa is a new company in the e-waste management sector based in South Africa that offers responsible e-waste recycling services to individuals, organizations, and businesses. They recycle e-waste safely and effectively using cutting-edge technologies to reduce waste. Covid-19 Impacts: Due to a labour shortage and the closure of recycling plants, which were impacted by emergency lockdown, the COVID-19 pandemic posed a threat to market expansion. During the pandemic, the sudden disruption in the global supply chains of market participants and the imposition of social distancing and movement restrictions by governments to stop the spread of the virus are significant obstacles to the market's expansion. On the other hand, a number of business organizations' widespread adoption of the "work from home" (WFH) policy has increased demand for consumer electronics like smartphones and laptops, opening up a number of opportunities for market expansion in the coming years. More than 60% of European businesses, according to a number of reports, have made plans to soon implement permanent WFH policies. Due to this circumstance, businesses have had to get rid of a lot of their old or used office computers and other IT equipment. Recent Developments: • February 2022: The E-Waste and IT Asset Disposal (ITAD) Company TES was purchased by the South Korean construction company SK Eco Plant. The building division of the South Korean conglomerate SK Group signed a contract to buy the Singapore-based sustainable technology lifecycle solutions company outright for approximately USD 1 Billion. E-Waste management solutions, ITAD, recycling, and services for decommissioning data centers are all offered by TES, which has been a part of the Navis Capital Partners portfolio since 2013. It owns over forty recycling facilities worldwide. The acquisition, according to SK Ecoplant, will enable the company to expand its waste management services and move closer to its zero-waste goal. • October 2022: European Metal Recycling (EMR), a global recycling company with headquarters in the United Kingdom, has announced the opening of a third facility in the United Kingdom at its EMR Duddeston location in the heart of Birmingham. Establishing a closed-loop supply chain, the platform will enable British businesses to "buy back" low-carbon recycled materials and eliminates post-industrial plastic waste from their production processes. The business is currently working on setting up a national network to collect additional plastic from automotive shedder residue, post-industrial manufacturing, and waste electronics and electrical equipment (WEEE). MBA Polymers UK intends to produce 100,000 metric tons of recycled plastic annually by 2030; It is anticipated that the Duddeston site will add between 13,000 and 15,000 metric tons to that total. • June 2022: Prometheus, a provider of comprehensive and complete e-waste recycling solutions, made the announcement that it would open a new e-waste recycling plant in Gwalior. The company uses manual dismantling, segregation, and recycling methods to extract metals from e-waste. It has all the necessary technology. In terms of sustainability, the business does not produce any dust or water emissions. • May 2022: Attero, a company that recycles all kinds of used lithium-ion batteries and has its headquarters in Noida, India, announced plans to expand its operations in the European, American, and Indonesian sectors to expand its global presence. Attero has been granted permission by the UNFCCC to safely reduce carbon emissions by recycling lithium-ion and e-waste and producing carbon credits for each tonne of recycled garbage. • Electronic Recyclers International, Inc. announced in 2022 that it had obtained its compliance certification and had passed the Service Organization Control (SOC) 2 Type 1 examination. This made ERI the first and only e-waste recycler in the industry to be accredited by SOC 2. • November 2021: Aurubis AG will expand its recycling of metal-bearing products with the construction of a recycling facility in the United States. At the first secondary smelter for multi-metal recycling in the United States, circuit boards, copper wire, and other metal-containing recycling materials will be processed into 35,000 tonnes of blister copper annually. • By acquiring GEEP Costa Rica facilities in February 2021, Quantum Lifecycle Partners broadened its customer base in South America and the Caribbean with best-in-class reuse and recycling solutions. • February 20, 2021: Company Shop Group (CSG), the UK's leading and largest redistributor of surplus food and household goods, was acquired by Biffa Group. Major Companies present in the market: Enviro-Hub Holdings Ltd, Sensoneo, Sims Lifecycle Services, Inc., Big Belly Solar, LLC., Waste Management Inc, Electronic Recyclers International, Inc., Sembcorp Industries Ltd, Veolia Environment SA., UMICORE SA and TES-AMM., Tetronics (International) Limited, TES, Ecube Labs Co. Ltd, Covanta Holding Corporation, Republic Services, Inc., Aurubis AG., Stena Metall AB, Capital Environment Holdings Limited, Cleanaway , Boliden AB, GFL Environmental Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Global E-Waste Management market with its value and forecast along with its segments • Region-wise E-Waste Management market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions & Countries covered in the report: • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Spain, Italy, Russia) • Asia-Pacific (China, Japan, India, Australia, South Korea) • South America, Middle East & Africa (Brazil, UAE, Saudi Arabia, South Africa) By Source Type: • Household Appliances (Air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, trash compactors, microwave ovens, and induction cookers, etc.) • Consumer Electronics (Mobile Devices, Wearables, TVs, Set Top Boxes, Monitors, Laptops, Tablets, Computers, Printers, Scanners, etc.) • Industrial Electronics (IT & Telecom Equipment, IT Accessories, PCBs, Digital Boards, Datacentres, Medical Equipment and Accessories, etc.) • Others By Material Type: • Metal • Plastic • Glass • Others By Application Type: • Trashed • Recycled By Element Type: • Iron • Copper • Gold • Aluminium • Palladium • Cobalt • Antimony • Silver • Others (Rhodium, Osmium, Platinum, Indium, Iridium, Ruthenium, Bismuth, Germanium, Etc.) The approach of the report: This report consists of a combined approach of primary and secondary research. Secondary research was initially used to gain an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases and annual reports of companies, as well as government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Following this, we began making primary calls to consumers, segmenting them equally into regional aspects, tier aspects, age groups, and gender. Once we had primary data with us, we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the E-Waste Management industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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