E-waste Management Market to Reach 63.22 Million Tons by 2029 | With Exhibiting A CAGR of 3.3%

Pune, India, July 20, 2023 (GLOBE NEWSWIRE) — The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022 and is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2023-2029”.

Get a Free Sample Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/e-waste-management-market-102896

List of Key Players Profiled in the E-waste Management Market Report:

• 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)

Report Scope & Segmentation:

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/e-waste-management-market-102896

COVID-19 Impact:

Halt on E-waste Collection and Recycling to Hamper Industry Progress

This market is expected to be negatively affected during the COVID-19 pandemic due to a halt in e-waste collection and recycling. Further, the sudden spike in COVID-19 infections led to a halt in production activities. Moreover, restrictions on trade resulted in limited mobility and lower economic progress. However, the resumption of lockdown restrictions enabled manufacturers to bolster their activities and elevate the industry’s growth. These factors supported the e-waste management industry’s progress.

Segments

Small Equipment Segment to Lead Owing to Strong Demand

By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand.

Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste

As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste.

Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Driving Factors

Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth

E-waste management are initiatives undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth.

However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress.

Get a Quote Now:

https://www.fortunebusinessinsights.com/enquiry/get-a-quote/e-waste-management-market-102896

Regional Insights

Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific

The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption.

In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption.

Competitive Landscape

Key Players Deploy Partnerships to Bolster their Brand Image

The prominent companies operating in the market deploy partnerships to bolster their brand image. For example, ERI partnered with CellBlock FCS and Call2Recycle to develop an Innovative Battery Collection Solution, OneDrum, in April 2022. The solution was created to allow consumers to transport and place huge consumer single-use and rechargeable battery volumes in a single suitable container. This factor may allow the companies to elevate their brand image. Furthermore, companies opt for acquisitions, mergers, partnerships, and innovations to foster their market position.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/e-waste-management-market-102896

Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Emerging Trends – For Major Countries
  • Regulatory Analysis
  • Porter’s Five Force
  • Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
• Qualitative Insights – Impact of COVID-19 on Global E-waste Management Market
  • Supply Chain Challenges
  • Steps taken by Government/Companies to overcome this impact
  • Potential opportunities due to COVID-19 outbreak

TOC Continued…!

Speak to Our Expert

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/e-waste-management-market-102896

Key Industry Development

• February 2022: A South Korean construction company SK ecoplant completed the acquisition of TES, an IT Asset Disposal (ITAD) and e-waste firm, for USD 1 billion.

Read Related Insights:

Waste to Energy Market Size, Share and Regional Forecasts, 2022-2029

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner,

Mahalunge Road, Baner, Pune – 411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

Follow Us: LinkedIn | Facebook | Twitter