E-waste Management Market Size
| Study Period | 2024 - 2029 |
| Market Size (2024) | USD 66.90 Billion |
| Market Size (2029) | USD 148.90 Billion |
| CAGR (2024 - 2029) | 14.27 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
E-waste Management Market Analysis
The E-waste Management Market size is estimated at USD 66.90 billion in 2024, and is expected to reach USD 148.90 billion by 2029, growing at a CAGR of 14.27% during the forecast period (2024-2029).
- Rapid technological development and continuous product innovation are the main reasons for the growth of the e-Waste management market. Due to the short lifespan of the electronic devices and the absence of precious metal resources, manufacturers are launching new products with extra features which are not very long-lasting after 2-3 years.
- Products are also becoming outdated which forces businesses to set up e-Waste collection centers as well as creating a large-scale network for collecting electronic waste. In addition, the absence of precious and precious metals such as silver and gold, as well as platinum and other precious metals is also pushing manufacturers to adopt electronic waste management approaches for recycling, repairing and reuse of electronic devices.
- However, the high recycling costs are preventing the market from expanding. The lack of electronic waste collection facilities and high-cost processing methods are preventing electronic device manufacturers from implementing an effective electronic waste management approach. On the other hand, electronic manufacturers are offering lucrative opportunities for the market growth of electronic waste management. Various mobile phone manufacturers are launching various initiatives to collect old mobile devices from users who want to upgrade their mobile devices.
- Governments are also taking action by asking manufacturers to develop internal electronic waste management programs or to request assistance from third party electronic waste management organizations to externalize electronic waste initiatives. According to United Nations 2021, each person on the planet was produced 7.6 kg of waste, which means that 57.4 millions tons of waste generated worldwide. This development has given rise to e-wate management activities and initiatives.
E-waste Management Market Trends
The Asia-Pacific Will Dominate the Regional Market
- Governments around the world are introducing a variety of regulations and policies to effectively manage electronic waste. For example, in India, the environment, forests and climate change ministry has made electronic device manufacturers responsible for recycling and reducing the amount of electronic waste in the country. In addition to this, several other strategies are being implemented to reduce electronic waste, including changes to the manufacturing process, the use of renewable energy sources, and the use of environmentally friendly packaging alternatives.
- Household appliances make up a sizable amount of the world's e-waste. As a result pf this, effective rules must now be developed to manage enormous amounts of e-waste. Many countries mandate manufacturers and importers to gather electronic products for end-of-life management. Manufacturers might choose to recycle their own electrical waste or repurpose it. For instance, the Home Appliances Recycling Law in Japan mandates that users of appliances such as air conditioners, refrigerators and washing machines deliver them to stores so that they can send them to businesses. These laws are encouraging an environment where e-waste recycling is possible. Therefore, the increasing government regulations and policies to manage e-waste is expected to drive the market's growth rate.
- 440 million tons of wasted generated across Asia every year. East Asia and the Pacific generate 270 million tons. Mainland China generates around 70% of the total. Jakarta generates 10,000 tones of waste every day. Less than 2% is recycled. The equivalent of seven football fields of trash end up in the Ciliwung River every day. ASEAN is a significant hub of EEE production contributing USD 268 billion to regional GDP employing more than 2.4 million workers accounting for the largest share of ASEAN’s total exports (27%). In the financial year 2022, more than 1.6 million metric tons of e-waste was generated in India. The volume was more than doubled in comparison with 2018. During 2022, India had collectively collected and processed 527 thousand metric tons of e-waste.
Entertainment and Consumer Electronics Segment Gaining a Significant Portion in the Coming Years
- Globally, more than 50 million metric tons of e-waste is produced each year, which averages about seven kilograms per person. Small equipment, such as microwaves, vacuum cleaners, and kettles, make up the largest share of e-waste by weight.
- Manufacturers use several high-value raw materials to produce smart phone components such as circuit boards, LCD displays, and batteries. For every one million smart phones recycled, some 35,274 pounds of copper, 772 pounds of silver, 75 pounds of gold, and 33 pounds of palladium can be recovered. The value of raw materials found in e-waste can be worth billions of dollars. However, only a small amount of electronics are recycled globally, meaning vast sums of money are being thrown away.
- The rapid industrialisation and advancements in technology have led to the accumulation of electrical and electronic waste in Asia-Pacific, compelling governments to pass regulations mandating e-waste recycling. Apart from government impetus, the market has got a boost from the increasing awareness of the potential value of resources within e-waste.
- With an ever increasing supply of new electronic gadgets, EPA's Facts and Figures about Materials, Waste and Recycling show that Americans generated 2.7 million tons of consumer electronics goods in 2018, representing less than one percent of all municipal solid waste generation.
E-waste Management Industry Overview
The report covers major international players operating all over the world. The market is highly fragmented, with large companies claiming significant market share. In addition, players in the market expand their businesses through mergers, acquisitions, strategic partnerships, and services. Some of the Major companies are Veolia, MRI Technologies, TES AMM, are among the others.
E-waste Management Market Leaders
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Veolia
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TES AMM
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SembCorp Industries
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MRI Technologies
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Tetronics Technologies Limited
*Disclaimer: Major Players sorted in no particular order
E-waste Management Market News
- September 2023: TES has signed a memorandum of understanding (MOU) with established Singapore-based transportation company Strides Mobility to collaborate on lithium-ion battery recycling and electric vehicle (EV) charging infrastructure expansion in Singapore. Under the agreement, the two companies will work on EV battery recycling and charging and energy storage initiatives. The agreement involves information sharing on numerous aspects of e-mobility, with TES providing services such as battery life cycle assessment, the safe handling and recycling of end-of-life EV batteries, and the use of TES’s 2nd Life Energy Storage System (ESS) technology in Stride Mobility’s growing charging station infrastructure.
- January 2023: According to the company Veolia Umweltservice GmbH has signed an agreement with Friedrich Hofmann GmbH. The transaction will expand Veolia's activities in the waste management market, particularly in the area of recovered paper. Upon completion of the transaction, Veolia will be a full-service provider to the paper industry. The transaction also includes activities along the value chain of the waste management industry in Franconia and Bavaria (services for dual systems, municipal services, collection of hazardous, commercial and industrial waste) and will add around 30 sites to Veolia's existing network. Friedrich Hofmann GmbH is an owner-managed, medium-sized group of companies with around 1,000 employees.
E-waste Management Market Report - Table of Contents
1. Introduction
1.1 Study Assumptions
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1 Current Market Scenario
4.2 Government Regulations and Initiatives
4.3 Technological Trends and Automation Insights
4.4 Insights on the E-Waste production
4.5 Impact of the COVID-19 Pandemic on the Market
5. Market Dynamics
5.1 Market Drivers
5.1.1 Increasing E-Waste Generation
5.1.2 Growing Environmental Awareness
5.1.3 Investing in Advanced Recycling Technologies
5.2 Market Restraints
5.2.1 Informal and Illegal e-waste Disposal
5.2.2 Lack of Infrastructure and Expertise
5.3 Market Opportunities
5.3.1 Devloping Efficeint Collection Systems
5.3.2 Promoting Circular Economy Modes
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Buyers/consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitutes
5.4.5 intensity of Competitive Rivalry
6. Market Segmentation
6.1 By Material
6.1.1 Metal
6.1.2 Plastic
6.1.3 Other
6.2 By Source
6.2.1 Household Appliances
6.2.2 Entertainment and Consumer Electronics
6.2.3 IT & Telecommunication
6.2.4 Medical Equipment
6.2.5 Others
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.1.3 Mexico
6.3.2 Europe
6.3.2.1 Germany
6.3.2.2 France
6.3.2.3 Italy
6.3.2.4 United Kingdom
6.3.2.5 Spain
6.3.2.6 Rest of Europe
6.3.3 Asia Pacific
6.3.3.1 China
6.3.3.2 India
6.3.3.3 Japan
6.3.3.4 Australia
6.3.3.5 Singapore
6.3.3.6 Indonesia
6.3.3.7 South Korea
6.3.3.8 Malaysia
6.3.3.9 Rest of Asia-Pacific
6.3.4 Middle East & Africa
6.3.4.1 Saudi Arabia
6.3.4.2 Qatar
6.3.4.3 Oman
6.3.4.4 Rest Of Middle East & Africa
6.3.5 Latin America
6.3.5.1 Brazil
6.3.5.2 Argentina
6.3.5.3 Chile
6.3.5.4 Rest of Latin America
7. Competitive Landscape
7.1 Market Concentration Overview
7.2 Company Profiles
7.2.1 Veolia
7.2.2 Enviro-Hub Holdings Ltd.
7.2.3 TES Amm
7.2.4 SembCorp Industries
7.2.5 Electronic Recyclers International
7.2.6 Umicore
7.2.7 Capital Environment Holdings Limited
7.2.8 MRI Technologies
7.2.9 WM Intellectual Property Holdings
7.2.10 Tetronics Technologies Limited*
- *List Not Exhaustive
7.3 Other Companies
8. Future Outlook Of The Market
9. Appendix
E-waste Management Industry Segmentation
The e-waste management market is the process of collecting, recovering, and recycling electronic waste. It also includes the disposal of e-waste in a way that reduces its negative effects on the environment.
The E-Waste Management Market is Segmented by Material (Metal, Plastic, and Others), and by Source (Household Appliances, Entertainment and Consumer Electronics, IT & Telecommunication, Medical Equipment, and Others, and by Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America). The Report Offers Market Sizes and Forecasts in Value (USD) for all the above Segments.
| By Material | |
| Metal | |
| Plastic | |
| Other |
| By Source | |
| Household Appliances | |
| Entertainment and Consumer Electronics | |
| IT & Telecommunication | |
| Medical Equipment | |
| Others |
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E-waste Management Market Research FAQs
How big is the E-waste Management Market?
The E-waste Management Market size is expected to reach USD 66.90 billion in 2024 and grow at a CAGR of 14.27% to reach USD 148.90 billion by 2029.
What is the current E-waste Management Market size?
In 2024, the E-waste Management Market size is expected to reach USD 66.90 billion.
Who are the key players in E-waste Management Market?
Veolia, TES AMM, SembCorp Industries, MRI Technologies and Tetronics Technologies Limited are the major companies operating in the E-waste Management Market.
Which is the fastest growing region in E-waste Management Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in E-waste Management Market?
In 2024, the North America accounts for the largest market share in E-waste Management Market.
What years does this E-waste Management Market cover, and what was the market size in 2023?
In 2023, the E-waste Management Market size was estimated at USD 57.35 billion. The report covers the E-waste Management Market historical market size for years: . The report also forecasts the E-waste Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
E-waste Management Industry Report
Statistics for the 2024 E-waste Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. E-waste Management analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
