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.’
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According to the latest report from Meticulous Research®, the global e-waste management market is poised to grow to $114.5 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 8.3% from 2024 to 2031. This growth is primarily fueled by the increasing volume of e-waste, shorter lifecycles of electronic devices, stringent government regulations, and heightened consumer awareness regarding proper e-waste disposal. Additionally, advancements in e-waste recycling technologies and various government initiatives are set to boost the market further. However, challenges such as illegal e-waste dumping and the absence of robust disposal systems, especially in ASEAN markets, may impede growth.
The market is segmented by method, waste source, and material, providing a comprehensive analysis of the competitive landscape at regional and country levels.
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Method:
- Recycling & Reuse
- Dispose/Trash (sub-segmented into landfill and incineration)
The recycling & reuse segment is projected to dominate the market by 2024, driven by the need to recover valuable materials like metals and plastics, reduce energy consumption, and comply with environmental targets.
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Waste Source:
- Household Appliances
- IT & Telecom Equipment
- Consumer Electronics (CE)
- Industrial Electronics (IE)
- Medical Equipment
The consumer electronics segment is expected to lead in 2024, while household appliances are anticipated to grow at the fastest rate, fueled by increasing awareness and demand for energy-efficient upgrades.
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Material:
- Metals (sub-segmented into ferrous and non-ferrous metals)
- Plastics & Resins
Metals are projected to account for the largest market share in 2024, with rising demand for resource recovery, while the plastics & resins segment is set to see the fastest growth due to advancements in recycling technology.
Geographic Analysis: Asia-Pacific is expected to dominate the global e-waste management market in 2024, driven by strong government policies, rising environmental concerns, and a growing electronics sector. The region is also predicted to experience the highest growth rate during the forecast period.
Key Players: Major players in the market include ERI, Aurubis AG, Sims Limited, Umicore, Mangalam ECS Environment Pvt. Ltd., and more.
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