Electronic Waste Management Market Size Worth $121.49 Billion By 2032 | CAGR: 9.60%

Electronic Waste Management Market Size Worth $121.49 Billion By 2032 | CAGR: 9.60%

The global electronic waste management market size is expected to reach USD 121.49 billion by 2032, according to a new study by Polaris Market Research. The report “Electronic Waste Management Market Share, Size, Trends, Industry Analysis Report, By Material Recovery (Plastic, Glass, Metal, Others), By Recycler Type (Metal Recycler, Plastic Recycler, Glass Recycler, Printed Circuit Board Recycler), By Source Type (Communication and Technology, Consumer Electronics, Others); By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Fast technology development in various consumer electronics devices such as mobile phone, filters, vacuumed machine is expected to boost market growth. For instance, In Sept 2022, BAE Systems’ FAST Labs research and development organization awarded for 6.5 Mn contract to provide filter technology for its DoD Radio Frequency (RF) & microwave systems. Also, the advancement in device such as adoption of 5G technology for faster speed are boost the market growth.

Many governments take initiate to improve its electronic production. For instance, in 2023, Indian government reduced customs duty. The consumer used latest model of many electronic goods such as mobile phones due to low cost. Additionally, it has increased the quantity of e-waste. People's preference for technology and electronic products, the manufacture of electronic goods is expanding quickly throughout the globe, which will contributing to the exponential growth of e-waste.

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The use of electronic equipment has increased dramatically as a result of expansion in the IT and communication industries. Due to these the rate of electronic waste is increase. Several types of e-waste materials pose serious risks to both the ecosystem and people. To control electronic waste and risk to human being the many government arrange program for electronic waste management. Additionally, a free electronic waste (E-Waste) collection event will be held at the Sonoma Community Center.

Electronic Waste Management Market Report Highlights

  • Metal Recovery segment is anticipated to grow at a highest CAGR during the forecast period owing to the rising demand of metal in various electronic devices, because it is easy to reuse and recycled.
  • Metal recycler segment accounted for major global revenue share which is accelerated due to the need of proper disposal of hazardous metal from electronic waste.
  • Consumer electronics sector is expected to hold the significant market share over the forecast period because the cost of new electronic device is lesser than old device getting repaired.
  • Asia pacific is expected to grow at a highest CAGR over the projected period on account of ongoing improvements and ongoing price reductions for electronic products.
  • The global players include Capital Environment, Eri, Enviro-Hub Holdings, Sembcorp Environmental Management, and Tetronics Technologies.

Polaris Market Research has segmented the electronic waste management market report based on Material Recovery, Recycler Type, Source Type, and region:

Electronic Waste Management, Material Recovery (Revenue - USD Billion, 2019 - 2032)

  • Metal
  • Plastic
  • Glass
  • Others

Electronic Waste Management, Recycler Type (Revenue - USD Billion, 2019 - 2032)

  • Plastic Recycler
  • Glass Recycler
  • Metal Recycler
  • Printed Circuit Board Recycler

Electronic Waste Management, Source Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Communication and technology
  • Consumer Electronics
  • Other

Electronic Waste Management, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa