"Innovative Market Solutions to Help Businesses Make Informed Decisions"

E-waste Management Market Size, Share & COVID-19 Impact Analysis, By Category (Temperature Exchange Equipment, Screens and Monitors, Lamps, Large Equipment, Small Equipment, and Small IT and Telecommunication Equipment), By Type (Recycled and Unrecycled), and Regional Forecast, 2022-2029

Region : Global | Format: PDF | Report ID: FBI102896

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global e-waste management market size was 49.29 million tons in 2021. The market is projected to grow from 50.47 million tons in 2022 to 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with e-waste management experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global e-waste management market exhibited a decline of 9.1% in 2020 as compared to 2019.


According to the United Nations (UN), e-waste is any waste product with a battery or plug. It contains toxic and dangerous substances, such as mercury, that possess severe risks to human and environmental health. E-waste, e-scrap, electronic waste, and end-of-life electronics are terms frequently used to label used electronics that are approaching the end of their life. They are donated, discarded, or recycled.


According to the UN, in 2021, each person on the planet was estimated to produce on average 7.6 kg of e-waste, which means that 57.4 million tons of e-waste will be generated worldwide. This development has given rise to e-waste management activities and initiatives.


COVID-19 IMPACT


Halt in Collection and Recycling of E-waste Due to COVID-19 Pandemic Hampered Growth


The COVID-19 pandemic affected social lives in multiple ways and highlighted the interrelations between the environmental and communal systems of the world. The measures are taken to control the spread of the virus across society, including lockdowns and halt in manufacturing as well as trade activities, which led to a decline in economic growth, limitations on mobility, and additional need for digitization and quarantine in homes. It was expected that digitization and increase in time spent at home would increase the consumption of electrical and electronic equipment as a result of switching of firms and businesses to home offices, providing the staff with laptops and other office gear for home use, and a simultaneous increase in disposal of such gear and gadgets, partly as a result of house-cleaning during the first lockdowns in 2020. However, statistics exhibited a surprising development from a global perspective.


Lower consumption of electrical and electronic equipment in the first three quarters of 2020 led to a decrease in waste generation of electronic and electrical equipment due to the COVID-19 pandemic, particularly in the first and second quarters of 2020. The reductions were 30% in low-income and middle-income countries, whereas it was a mere 5% in high income countries. The population in low and middle-income countries is continuously growing the gap of access to modern communication technologies and other electronics, causing the digital divide. This inequality is causing a large social side-effect worldwide.


LATEST TRENDS


Request a Free sample to learn more about this report.


Adoption of Circular Economy to Boost Market Growth


Looking at the current scenario for the production and consumption of electronic and electrical goods, a new strategy is essential. E-waste is generally considered a post-consumer problem, but the issue encompasses the lifecycle of the product irrelevant to the user. Designers, investors, traders, manufacturers, miners, consumers, raw material producers, policy-makers, and others can play a crucial role in reducing waste, retaining its value within the system, and further extending the economic and physical life of the electronic item. It also influences the ability of the product to be restored, recycled, and reused.


Technological advancements, such as the Internet of Things (IoT) and cloud computing, can potentially dematerialize the electronics industry. Moreover, the rise of various facility business models and improved product tracking and return led to global circular value chains.


A circular economy approach favors closed-loop arrangements in which resources are engaged carefully to generate pioneering products, which can be used for a longer period by sharing, reusing, restoring, and reprocessing. A longer period and clever design indicate greater productivity. Hence, the circular economy approach is expected to be the spine of future sustainable economies.


DRIVING FACTORS


Stringent Guidelines Regarding E-waste Management and Disposal to Augment Growth


Electronic equipment and technologies are continuously advancing and growing in number. These technologies have become a critical part of our lifestyle and our emerging economy. However, with technological advancement comes the growing challenge of guarding human health and the environment from the potentially damaging effects connected with improper handling and disposal of waste.


The government and various government-affiliated organizations have issued certain stringent rules and guidelines for properly collecting and disposing of e-waste. For instance, the Indian government drafted e-waste management rules in 2016, which are applicable to every manufacturer, producer, bulk consumer, consumer, collection center, e-retailer, dealer, refurbisher, dismantler, and recycler involved in the manufacture, sale, purchase, transfer, storage, collection, and processing of e-waste or electrical and electronic equipment. The rule specifies the responsibility of each component of the product's lifecycle, including manufacturer, producer, collection center, dealers, consumer, dismantler, and recycler.


Additionally, according to the Environmental protection Agency (EPA), a long-term ecological method for electronics stewardship is essential at work and at home. Considering the prevalence of electronics, the federal government is dedicated to being an accountable consumer of electronics and a front-runner in electronics stewardship in the U.S. The EPA participated in the presentation of the UNIDO-GEF venture for “Strengthening of National Initiatives and Enhancement of Regional Cooperation or the Environmentally Sound Management of POPs in Waste of Electronic of Electrical Equipment (WEEE)”. With support from the EPA, Step developed a tool that will enhance the capability of participating countries to evaluate the quantity of e-waste generated, imported, and exported.


 RESTRAINING FACTORS


Lack of Awareness Regarding Proper Disposal of E-waste to Limit Market Growth


E-waste disposal is a crucial environmental issue the world is facing currently. Lack of knowledge regarding the proper disposal of e-waste that may contain hazardous elements may end them up in landfills. This factor further leads to leaking heavy, toxic, and hazardous metals, including mercury, Lead, arsenic, and cadmium into the soil.


These toxic materials become a serious issue when they seep into groundwater systems causing groundwater pollution. Besides, laborers at landfills can be exposed to these harmful contaminants leaking from e-waste. E-waste products include computers, television sets, cell phones, printers, scanners, and fax machines.


However, increasing government initiatives creating consumer awareness regarding reusing and refurbishing electrical and electronics materials is expected to provide a positive outlook for e-waste management.


SEGMENTATION


By Category Analysis


To know how our report can help streamline your business, Speak to Analyst


Rapid Increase in Demand to Cater to Small Equipment Segment Growth


In terms of category, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment.


The majority of the market share was accounted for by small equipment, followed by large equipment, temperature exchange equipment, screens and monitors, small IT and telecommunication equipment, and the lamps segment, which represented the smallest share. The small equipment segment consists of vacuum cleaners, ventilation equipment, microwaves, electric shavers, trimmers, calculators, radio, cameras, and others. Growing inclination toward technology and advanced electronics is fostering the demand for small equipment. However, the temperature exchange equipment segment is expected to be the fastest-growing segment.


By Type Analysis


Unrecycled Segment to Dominate Owing to Lack of Consumer Awareness of the Negative Environmental Impact of E-waste


In terms of type, the market is segmented into recycled and unrecycled.


The unrecycled segment is expected to hold a major share in the market, owing to the lack of awareness regarding the detrimental effects of e-waste on the environment. Moreover, the lack of availability of data regarding properly collected and recycled e-waste indicates the management of e-waste outside the authorized collection system.


REGIONAL INSIGHTS


Asia Pacific E-waste Management Market Size, 2021 (Million Tons)

To get more information on the regional analysis of this market, Request a Free sample


The market size in Asia Pacific was 21.76 million tons and registered a favorable growth rate during the forecast period. China is the hub for electrical and electronic equipment manufacturing and consumption. It produces the highest amount of e-waste in Asia Pacific. Additionally, growing government initiatives and active participation in e-waste collection and recycling activities are likely to drive the regional market.


Europe is one of the key regions in terms of e-waste recycling and reusing. Various government initiatives to practice greener and sustainable solutions and reduce the adverse impact of e-waste generation are likely to boost growth. For instance, in 2020, the European Commission launched a new circular economy action plan involving reducing electronic and electrical waste.


North America has stringent regulations and policies for e-waste collection and disposal. In the state of Victoria, it is illegal for e-waste to enter landfill as it contains hazardous substances and must be separated from other waste. The EPA imposes the Victorian Government’s e-waste policy in the state. The presence of major recycling and reprocessing firms in the region is expected to fuel the e-waste management industry growth.


To know how our report can help streamline your business, Speak to Analyst


Latin America is expected to grow considerably, owing to the adoption of latest technologies. It is expected to increase the demand for electronics, further driving the e-waste generation rate. The Middle East & Africa is expected to create opportunities for e-waste recycling, owing to its ability to feed the domestic industries' income through precious metal recovery.


KEY INDUSTRY PLAYERS


Government Initiatives to Improve the Business


The e-waste management market share is fairly consolidated and competitive, with the presence of regional and international companies. Some of the key players operating in the e-waste management industry are Capital Environment Holdings Limited, ERI, Enviro-Hub Holdings Ltd., Tes, Boliden AB, and Umicore, accounting for major market share in 2021.


LIST OF KEY COMPANIES PROFILED:



  • Capital Environment Holdings Limited (Hong Kong)

  • Eri (U.S.)

  • Enviro-Hub Holdings Ltd. (Singapore)

  • Sembcorp Environmental Management (Singapore)

  • Tes (Japan)

  • Tetronics Technologies Limited (U.K.)

  • Umicore Ag & Co. Kg (Germany)

  • Veolia (France)

  • WM Intellectual Property Holdings, L.L.C. (U.S.)

  • Sims Lifecycle Services, Inc. (U.S.)

  • Boliden AB (Sweden)


KEY INDUSTRY DEVELOPMENTS:



  • July 2022 – ERI, one of the leading recyclers of electronics and cybersecurity intensive hardware destruction companies, and Redrock Environmental Group teamed with the County of Madera. This collaboration is planned to provide the residents of Madera County with an appropriate way to recycle undesirable consumer electronics correctly.

  • April 2022 – ERI, one of the e-waste management players, partnered with Call2Recycle and CellBlock FCS for an Innovative Battery Collection Solution, OneDrum. OneDrum permits customers to place and transport huge volumes of consumer single-use and rechargeable batteries in one suitable container, eliminating the necessity to categorize it by chemistry or separately bag the battery terminals.

  • February 2022 - TES, an e-waste and IT Asset Disposal (ITAD) firm, and SK ecoplant, a South Korean construction firm, signed an acquisition agreement. SK ecoplant acquired 100% share of TES for around USD 1 billion.

  • September 2019 - Sims Limited, the parent company of Sims Lifecycle Services, traded its European trade operations concerned with the recycling of e-scrap controlled by the extended producer responsibility programs.

  • November 2018 - Tetronics International, one of the electronic waste processors supported by funding from Innovate UK, a government investment agency, developed a potential solution to retrieve valuable materials from the waste electrical and electronic equipment. The new clean plasma technology converts old electronic devices into value by retrieving precious metals, including gold, silver, copper, and tin, simultaneously removing hazardous materials.


REPORT COVERAGE


An Infographic Representation of E-Waste Management Market

To get information on various segments, share your queries with us



The report provides a detailed analysis of the market and focuses on crucial aspects, such as leading companies, products, and products. Also, it offers insights into market trends and highlights vital industry developments. In addition to the abovementioned factors, the report encompasses various factors contributing to the market's growth in recent years. It includes historical data & forecasts revenue growth at global, regional, and country levels and analyzes the e-waste management industry's latest market dynamics and opportunities.


Report Scope & Segmentation


















































ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Volume (Million Tons)



Segmentation



By Category, Type, and Region



By Category




  • Temperature Exchange Equipment

  • Screens and Monitors

  • Lamps

  • Large Equipment

  • Small Equipment

  • Small IT and Telecommunication Equipment



By Type




  • Recycled

  • Unrecycled



By Region




  • North America (By Category, By Type, By Country)

    • U.S. (By Type)

    • Canada (By Type)



  • Europe (By Category, By Type, By Country)

    • Germany (By Type)

    • U.K. (By Type)

    • France (By Type)

    • Italy (By Type)

    • Rest of Europe (By Type)



  • Asia Pacific (By Category, By Type, By Country)

    • China (By Type)

    • India (By Type)

    • Japan (By Type)

    • South Korea (By Type)

    • Rest of Asia Pacific (By Type)



  • Latin America (By Category, By Type, By Country)

    • Brazil (By Type)

    • Rest of Latin America (By Type)



  • Middle East & Africa (By Category, By Type, By Country)

    • South Africa (By Type)

    • Rest of Middle East & Africa (By Type)





Frequently Asked Questions

Fortune Business Insights says that the global market size was 49.29 million tons in 2021 and is projected to reach 63.22 million tons by 2029.

In 2021, Asia Pacific stood at 21.76 million tons.

Registering a CAGR of 3.3%, the market will exhibit steady growth during the forecast period (2022-2029).

The unrecycled segment is leading the market during the forecast period.

Stringent regulations imposed by governments is the key factor driving the market.

Capital Environment Holdings Limited, ERI, Enviro-Hub Holdings Ltd., Tes, Boliden AB, and Umicore are the major players present in the market.

Asia Pacific dominated the market in terms of share in 2021.

Growing concerns regarding the detrimental effect of e-waste on the environment shall drive e-waste management adoption.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Sep, 2022
  • 2021
  • 2018-2020
  • 150

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

3M
Iwatani
uniliver
LG Chem
UBS

Related Reports

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X