US E-Waste Management Market Research Report, 2028

US E-Waste Management Market Research Report, 2028

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

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The most influential factor responsible for the growth of the e-waste management market is technological advancements or even changing consumer requirements. Furthermore, developed countries such as the United States export a significant amount of e-waste generated in their countries to Asian countries, which is expected to bode well for the regional market throughout the forecast period. There is no federal e-waste law in the United States, but some states have implemented their own regulations. California was the first state to pass an e-waste law in 2003, and many other states have since followed suit. The regulations vary by state, but most require manufacturers to take responsibility for the disposal of their products and establish a system for collecting and properly disposing of e-waste. Sims Metal Management is one of the leading waste management companies. It operates in the field of metals and electronics recycling, offering services like assembling, breaking up, sorting, and distributing scrap and waste materials. It also provides demolition, dismantling, repair, and logistics services. Sims serves customers in the United States, and is headquartered in Rye, New York. Further, there has been a growing trend of e-waste recycling in the country. Moreover, the electronics OEMs and the US EPA (Environmental Protection Agency) collaborated to manage e-materials in 2019. Such factors are projected to facilitate market growth in the United States. According to the research report “US E-waste Management Market Research Report, 2028," published by Actual Market Research, the market is expected to add USD 13.22 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 drive 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). The e-waste management market in the United States 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 will dominate the US e-waste management market. The electronic waste management market in the United States is divided into three categories: metal, plastic, and glass. Because metals recovered from e-waste are very valuable, the metal 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 the United States 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 US E waste management market, the recycling segment is expected to dominate the US E waste management market. In 2019, the United States generated 6.92 million pounds of e-waste, or approximately 46 pounds per person, with only 15% of the material recycled. Discarded electronics, called e-waste, are the fastest growing waste stream in the U.S. By 2016 over 3 billion electronics will be scrapped or an average of about 400 million units a year, The cost and resources used to ship e-waste overseas negate some of the benefits. The majority of e-waste ends up in China, where labour costs are much cheaper than in the US and where federal laws are even more lax. The United States is the world's largest producer of electronic waste, and at times up to 40% of the e-Waste generated by US is exported overseas for disposal. US consumers and businesses discarded televisions, computers, cell phones and hard copy peripherals (including printers, scanners, faxes) totalling 2.37 million tons. Approximately 25 percent of these electronics were collected for recycling, with the remainder disposed of primarily in landfills, where the precious metals cannot be recovered. Electronics waste comprises only 2-3 percent of America’s solid waste stream, the lead, cadmium, chromium, and other materials in aging circuitry account for 70 percent of the hazardous material in landfills, according to an EPA report. Only 25 states (plus Washington, D.C.) have legislation that addresses e-waste recycling. The other 25 don’t have comprehensive programs, and don’t report what happens to the electronics beyond occasional voluntary numbers, says Jason Linnell, head of the National Center for Electronics Recycling (NCER). 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. 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: US • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • US 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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