E Waste Management Market Will Reach USD $45.78 Billion by 2025: Meticulous Research®
E-waste Management Market by Equipment [Small, Large, Temperature, Screen, IT], Method [Recycling, Dispose/Trash], Waste Source [Household, Industrial, Telecom, Medical, Consumer], Material [Metal (Ferrous, Non Ferrous), Plastic] – Forecast to 2025
Pune, India – January 17, 2020 /MarketersMedia/ —
According to the International Telecommunication Union (ITU), globally, about 44.7 million metric tonnes of e-waste was generated in 2016, which is expected to grow to 52.2 million metric tonnes by 2021. Richest or developed countries in the world generated an average of 19.6 kg of e-waste per inhabitant; whereas, the underdeveloped countries generated only 0.6 kg pe inhabitant. Moreover, developed countries also export their e-waste mostly to Asian countries. In addition to such high e-waste production, the e-waste collection and recycling rate is also very less (not even 50% in most geographic markets) which enhances the need for e-waste management.
Meticulous Research(R) in its latest publication on E-waste management market states that the e-waste management market is expected to grow at a CAGR of 1.8% from 2019 to 2025 to reach $ 45.78 billion by 2025.The growth of the e-waste management market is attributed to the growing global e-waste burden, increasing adoption of electronic devices across the world, inclination towards adoption of technologically advanced gadgets, and shortened lifecycle of e-devices. Government initiatives for e-waste management is also supporting the adoption of e-waste recycling practices, in turn supporting the growth of the market. However, lack of proper disposable/dumping systems in ASEAN countries one of the major challenges for the market. This coupled with high cost of recycling of e-devices hinders the growth of this market.
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To provide efficient analysis, Meticulous Research(R) has segmented this market by equipment type (small equipment, large equipment, temperature exchange equipment, screens, small IT equipment, and lamps), method (recycling & reuse, and dispose/trash), waste source (household, industrial, telecom, medical, and consumer), material (metals, plastic & resins, and other materials).
Based on method, the e-waste management market is mainly segmented into recycling & reuse, dispose/trash. Recycling & reuse segment is expected to grow at a fastest CAGR during the forecast period. Growing awareness about health and environmental hazards associated with improper disposal of e-waste, and growing initiatives taken by organizations and government agencies for e-waste management are expected to support the growth of e-waste recycling over the forecast period. Technological advancements for recovery of precious metals from electronic scrap are also driving adoption of recycling technologies. Reuse of recovered materials, on the other hand, is increasingly being regarded as an economical and sustainable method to reduce e-waste generation, globally.
Based on material, the e-waste management market is mainly segmented into metals, plastic & resins, and other materials. The metals segment held the largest share of the e-waste management market in 2018. Metals or their components like metal tracks, metal solders, and conductive metals are widely used during production of almost all electric and electronic equipment and hence hold greater value in e-waste recycling. The growing trend of using low cost recycled metals in various electronic devices is further supporting the growth of e-waste management market.
Key Players:
The report provides competitive intelligence in terms of financials, growth strategies, service portfolios, and geographical presence on some of the key players in this market including Electronic Recyclers International, Inc. (ERI) (U.S.), Aurubis AG (Germany), Sims Metal Management Limited (U.S.), Umicore (Belgium), Boliden AB (Sweden), Global Electric Electronic Processing Inc. (Canada), TRIPLE M METAL LP (Canada), Tetronics (International) Limited (U.K.), Enviro-Hub Holdings Ltd. (Singapore), and Stena Metall AB (Sweden).
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Key Topics Covered in This Report:
1. Introduction
1.1. Market definition
1.2. Market ecosystem
1.3. Currency and limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key stakeholders
2. Research methodology
2.1. Research process
2.1.1. Secondary research
2.1.2. Primary research
2.1.3. Market size estimation
3.Executive summary
4. Market dynamics
4.1. Introduction
4.2. Drivers
4.2.1. Growing global e-waste burden
4.2.2. Shortened lifecycle of smartphones
4.2.3. Government regulations for e-waste management
4.2.4. Increase in consumer awareness for environment protection
4.3. Opportunities
4.3.1. Initiatives for e-waste management
4.4. Challenges
4.4.1. Lack of proper disposable/dumping system in ASEAN markets
4.4.2. High cost of recycling e-devices
4.5. Regulatory assessment
4.5.1. North America
4.5.1.1. U.S.
4.5.1.2. Canada
4.5.2. Europe
4.5.2.1. Germany
4.5.2.2. France
4.5.2.3. U.K.
4.5.2.4. Spain
4.5.2.5. Italy
4.5.2.6. Rest of Europe
4.5.3. Asia-pacific
4.5.3.1. China
4.5.3.2. India
4.5.3.3. Japan
4.5.3.4. Rest of Asia-pacific
4.5.4. Latin America
4.5.5. Middle East
4.5.6. Africa
5. E-waste management market, by type of equipment
5.1. Introduction
5.2. Small equipment
5.3. Large equipment
5.4. Temperature exchange equipment
5.5. Displays & screens
5.6. Small IT equipment
5.7. Lamps
6. E-waste management market, by method
6.1. Introduction
6.2. Recycling & reuse
6.3. Dispose/trash
6.3.1. Land filling
6.3.2. Incineration
…To Know More TOC with list of table and figures @ https://www.meticulousresearch.com/product/e-waste-management-market-5003/
Key questions answered in the report-
Which are the high growth market segments in terms of equipment type, waste source, method, and material?
What was the historical market for e-waste management market across the region?
What are the market forecasts and estimates for the period 2019–2025?
What are the major drivers, restraints, challenges, and opportunities in the e-waste management market?
Who are the major players in the e-waste management market?
What are the recent developments in the e-waste management market?
What are the different strategies adopted by the major players in the e-waste management market
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