E-waste Management Market to be Worth $114.5 Billion by 2031

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

Meticulous Research^®—a leading global market research company, published a research 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.’

According to this latest publication from Meticulous Research^®, the global e-waste management market is projected to reach $114.5 billion by 2031, at a CAGR of 8.3% from 2024 to 2031. The growth of this market is driven by the shortened lifecycle of electronic devices, increasing e-waste generation, stringent government regulations for e-waste management, and rising awareness among consumers about improper e-waste disposal. Additionally, increasing government initiatives for e-waste management and continued advancements in e-waste recycling technologies are expected to create market growth opportunities. However, illegal e-waste dumping may restrain the growth of this market. The lack of a proper disposable/dumping system in ASEAN markets is a major challenge for the players operating in this market.

The global e-waste management market is segmented by method, waste source, and material. The study also evaluates end-user industry competitors and analyzes the market at the region/country level.

Based on method, the global e-waste management market is broadly segmented into recycling & reuse and dispose/trash. The dispose/trash segment is further segmented into landfill and incineration. In 2024, the recycling & reuse segment is expected to account for the largest share of the global e-waste management market. The segment is also projected to register the highest CAGR during the forecast period. The large market share of this segment is attributed to the increasing need to recover valuable materials such as metals (e.g., gold, silver, copper) and plastics for reuse in the manufacturing of new products, increasing need to comply with recycling targets and recycling standards, and growing need to conserve natural resources, reduce energy consumption, and minimize pollution compared to disposal methods, such as landfilling or incineration.

Based on waste source, the global e-waste management market is broadly segmented into household appliances, IT & telecom equipment, consumer electronics (CE), industrial electronics (IE), medical equipment, and other waste sources. In 2024, the consumer electronics (CE) segment is expected to account for the largest share of the global e-waste management market. The large market share of this segment is attributed to the growing awareness about the environmental impact of improper e-waste disposal, frequent upgrades and replacements of consumer electronics, including smartphones, laptops, tablets, and gaming consoles, the growing shift toward a circular economy to minimize waste and maximize resource efficiency, and increasing government regulations and policies aimed at reducing e-waste.

However, the household appliances segment is projected to register the highest CAGR during the forecast period due to the growing consumer demand for household appliances due to rapid urbanization and changing lifestyles, growing awareness about the environmental impact of improper appliance disposal, including the release of hazardous substances, and increasing disposal of old appliances to upgrade to newer and more energy-efficient models.

Based on material, the global e-waste management market is broadly segmented into metals, plastic & resins, and other materials. The metals segment is further segmented into non-ferrous metals and ferrous metals. In 2024, the metals segment is expected to account for the largest share of the global e-waste management market. The large market share of this segment is attributed to the increasing demand for metals in various industries, including electronics manufacturing, automotive, and construction, increasing prices of metals, the growing need to reduce the environmental footprint associated with metal production, the growing need to recover valuable resources found in electronic waste (e-waste) including gold, silver, copper, aluminum, and palladium.

However, the plastic & resins segment is projected to register the highest CAGR during the forecast period due to the increasing need to recover valuable materials found in electronic devices, including ABS, PVC, and PP, increasing need to reduce the amount of plastic waste disposed of in landfills or incinerators, the growing shift towards a circular economy model, advancements in plastic recycling technologies, and increasing government regulations and policies aimed at reducing plastic waste and promoting recycling.

Based on geography, the global e-waste management market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global e-waste management market, followed by Europe, North America, Latin America, and the Middle East & Africa. The region is projected to register the highest CAGR during the forecast period. The large market share of Asia-Pacific is mainly attributed to the growing implementation of policies and initiatives to reduce e-waste toxic substances, the growing shift toward a circular economy, increasing awareness and concern for environmental sustainability, increasing technological advancements and innovation in the electronics industry, rising concerns regarding depleting precious and rare earth metals, and growing consumer electronics industry in the APAC region.

Key Players:

The key players operating in the e-waste management market are 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.), and Veolia (France).

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Key questions answered in the report:

Which are the high-growth market segments based on method, waste source, material, and geography?
What was the historical market for the e-waste management market?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the e-waste management market?
Who are the major players, and what shares do they hold in the e-waste management market?
What is the competitive landscape 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?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global e-waste management market, and how do they compete with the other players?

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