The global electronic waste management market is anticipated to grow at a considerable CAGR of 11.7% during the forecast period (2022-2028). Electronic waste management is the process of thrashing or recycling discarded electronics in a proper manner using several methods, including incineration, acid-leeching, and others. The major factor attributing to the growth of the global electronic waste management market includes the increasing GDP per capita resulting in the increasing purchasing power of people. According to the World Bank Data, the GDP per capita was estimated at around 17,135.47 in 2020 which has increased consistently over the last two decades from 8,016.00 in 2000. Thus, increasing the purchasing power of home appliances and consumer electronics across the globe.
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The application of electronic waste management is also increasing due to the recycling of electronic waste for taking out precious metals including gold, silver, platinum, palladium, gallium, and indium from discarded electronics. These precious and rare elements are widely used in most electronic items. The recycling process of electronic waste as a method of electronic waste management offers several benefits to the people and the environment. The benefits include preventing the usage of landfills, decrease in the mining of virgin resources, reducing various environmental pollutions, promoting the integrity of agricultural soil, low health hazards to the environment, and conservation of land and energy. Furthermore, the supportive rules and regulations from the government for decreasing electronic waste are also fueling the growth of the market. For instance, in March 2022, the government of India according to its Foreign Trade Policy, 2015-20 restricted the import of refurbished parts and reconditioned spares of apple’s iPhones and iPads. The government of India took this step to reduce the generation of electronic waste in the country. Thus, propelling the growth of the global electronic waste management market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type of Waste
- By Material
- By Process
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Electronics Recycler Internation Inc., Aurubis AG, Sims Metal Management, Umicore, and Boliden Group, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electronic Waste Management Market Report by Segment
By Type of Waste
- Household Appliances
- Consumer Electronics
- Industrial Electronics
By Material
- Glass
- Metal
- Plastic
- Others
By Process
- Thrashed
- Recycled
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