Meticulous Research® Releases Comprehensive Report on Global E-waste Management Market
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Meticulous Research®, a leading global market research firm, is pleased
to announce the publication of its latest report titled, "E-waste Management Market by Method
(Recycling, Dispose/Trash (Landfill, Incineration)), Source (Household,
Industrial, IT & Telecom, Medical, Consumer), Material (Metal (Ferrous,
Non-Ferrous), Plastic), Geography - Global Forecast to 2031."
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According to this newly released report, the global e-waste management
market is projected to reach $114.5 billion by 2031, expanding at a CAGR of
8.3% from 2024 to 2031. This growth is driven by several key factors,
including the reduced lifecycle of electronic devices, the surge in e-waste
generation, stringent government regulations, and increased consumer awareness
regarding the repercussions of improper e-waste disposal. Moreover, government
initiatives and technological advancements in e-waste recycling are
anticipated to further bolster market growth. Conversely, illegal e-waste
dumping poses a significant restraint, and the absence of adequate disposal
systems in ASEAN countries presents a major challenge for market participants.
The report segments the global e-waste management market by method, waste
source, and material, and provides an in-depth analysis of key industry
players at both regional and country levels.
1.1.1.1
Market Segmentation
By Method:
- Recycling
& Reuse: Expected to dominate the
market in 2024 and to register the highest CAGR during the forecast
period. The large share is attributed to the growing need to recover
valuable materials such as metals and plastics, compliance with recycling
standards, and the imperative to conserve natural resources and reduce
pollution.
- Dispose/Trash: Further segmented into landfill and incineration.
By Waste Source:
- Consumer
Electronics (CE): Anticipated to hold
the largest market share in 2024 due to heightened awareness of
environmental impacts, frequent upgrades and replacements of electronic
devices, and increasing government regulations.
- Household
Appliances: Projected to exhibit the
highest CAGR due to rising urbanization, changing consumer lifestyles,
and the growing disposal of old appliances for newer, more
energy-efficient models.
- Other
Segments: IT & Telecom Equipment,
Industrial Electronics (IE), Medical Equipment, and other waste sources.
By Material:
- Metals: Expected to account for the largest share in 2024, driven by
the high demand for metals across various industries and the need to
recover valuable resources from e-waste.
- Plastic
& Resins: Predicted to register the
highest CAGR due to advancements in recycling technologies and increasing
efforts to reduce plastic waste.
By Geography:
- Asia-Pacific: Projected to lead the global market with the largest share in
2024 and the highest CAGR during the forecast period. Factors include the
implementation of policies to reduce toxic e-waste substances, a shift
towards a circular economy, and the burgeoning consumer electronics
industry in the region.
1.1.1.2
Key Players
Prominent companies in the e-waste management market include:
- Electronic
Recyclers International, Inc. (ERI) (U.S.)
- Aurubis
AG (Germany)
- Sims
Limited (U.S.)
- Umicore
(Belgium)
- Mangalam
ECS Environment Pvt. Ltd. (India)
- Boliden
Group (Sweden)
- Tetronics
Environmental Technology Company (U.K.)
- TRIPLE
M METAL LP (Canada) (A subsidiary of Giampaolo Group Inc.)
- Enviro-Hub
Holdings Ltd. (Singapore)
- Stena
Metall Group (Sweden)
- Capital
Environment Holdings Limited (Hong Kong)
- AMP
Robotics Corporation (U.S.)
- Sembcorp
Industries Ltd (Singapore)
- Tes
Global Limited (U.K.)
- Veolia
(France)
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and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
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