Global Electronic Waste (E-Waste) Management Market: Market analysis by Knowledge Sourcing Intelligence

The global electronic waste (E-Waste) management market is expected to grow at a CAGR of 38.25% to reach a total market size of US$9.880 billion by 2022, increasing from US$1.956 billion in 2017. Electronic waste is a generic term for any form of waste electric and electronic equipment (WEEE) consisting of microprocessors or transistors for digital processing of any form of data. The demand for electronic products is increasing on account of expanding the population, rising disposable income, and continuous technological development. Moreover, the durability of electronic products is also falling over the years which is leading to frequent gadget replacement activity by the individuals. Thus, the growing demand for electronic products is simultaneously leading to an increase in the electronic waste generated globally. Simultaneously, the focus on waste management for environmental protection is also contributing to the effort towards e-waste management. However, lack of proper waste management infrastructure, more specifically, in the developing regions is hampering the market growth.

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Global Electronic Waste (E-Waste) Management Market by Geography:

Geographically, e-waste management market is segmented as Americas, Europe Middle East and Africa (EMEA), and Asia-Pacific (APAC). APAC is projected to witness the fastest regional market growth between 2017 and 2022 owing to the booming electronics industry and corresponding mushrooming e-waste in countries such as China, India, and Hong Kong. According to the latest UN study, electronic waste is surging across Asian countries as rising purchasing power is enabling the population to switch to new gadgets more frequently, thus, resulting in a rise in the e-waste by 63% between 2013 and 2017. Moreover, developed countries ship around 70% of their e-waste to Asia which further boosts the demand for e-waste management in the region. The recent ban by China on imports of various solid waste will lead Western countries to dump e-waste in Southeast Asian countries, especially Hong Kong, which follows informal recycling activities. This can be an opportunity for e-waste management companies to invest so as to increase the recycling capacity in the near future.

Americas E-Waste management market will grow at a CAGR of XX% during the forecast period grow to US$XXX billion by 2022 from US$XXX billion in 2017. This regional market is further segmented as North America and South America E-Waste management markets. North America holds a larger market share of Americas E-Waste Management market owing to the growing focus of the government on the management of waste electronics. The U.S. Environmental Protection Agency (EPA) supports the U.S. government’s National Strategy for Electronics Stewardship under which federal government plans to enhance the management of electronics throughout their lifecycle. Major technology companies are partnering to set up e-waste manufacturing plants in the region which will fuel the growth of e-waste management market in the region. In 2017, Canada-based tech company EnviroLeach Technologies partnered with Jabil, Inc. to launch an e-waste recycling plant in Memphis. The market research provides a detailed analysis of global e-waste management market on the basis of the various segment like- by geography, by source type, etc.

Sample View of Global E-Waste Management Market Share by Geography, Americas

Global Electronic Waste (E-Waste) Management Market by Source Type:

By source type, global E-Waste management market is segmented as communication and technology, consumer electronics and others. Consumer electronics held a significant market share in 2017 due to rapid technological advancements and the growth in the electronics market which has made these devices an integral part of individual’s lives in both developing and developed countries.

Consumer electronics E-Waste management market is projected to grow at a CAGR of XX% during the forecast period to reach a total market size of US$XX billion in 2022 from US$XX billion in 2017. Consumer electronics which are used personally and in households constitute the major source of electronic waste, such appliances are usually personal computers, laptops, cell phones, television sets, refrigerators, air conditioners and DVD players among others. The rapid technological advancements that are happening globally and the inherent urge to upgrade to these technologies have reduced the life span of the consumer electronics and thereby contribute to adding to the pile of growing electronic waste. According to United Nations report, approximately 44.7 million metric tons (Mt), equivalent to 6.1 kg per inhabitant (kg/inh) of e-waste was generated in 2016 globally and this is expected to increase to 52.2 million metric tons or 6.8 kg/inh by 2021. Moreover, of this 44.7 Mt, approximately only 8.9 Mt of e-waste are documented to be collected and recycled which is equivalent to 20% of the generated e-waste. This has led to an alarming situation across the globe to align the rising electronic waste management with the goals of sustainable development and thus a growing number of countries are adopting E-waste legislation.

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Various efforts are being taken by the consumer electronics industry towards e-waste management. These initiatives and various government reforms and policies are further expected to propel the e-waste management market during the forecast period.