“In 2019, the consumer electronics segment was the leading contributor in e-waste management market”, says Visiongain

31 October 2019
Electronics

The global e-waste management market is segmented by processes material (metal, plastic glass, others), by source (industrial electronics { IT & telecom equipment and medical equipment}, consumer electronics {household appliances, handheld electronics, IT accessories, IT equipment, and PCBs}, others), by application (disposal and recycle), by region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and industry trends and forecast 2020 to 2030.

The rising spending power in developing economies coupled with the tendency of consumers towards technologically advanced devices has resulted in significant purchases of electronic devices worldwide, which is further driving the e-waste management market. In addition, with the increasing use of electronic devices worldwide, the amount of waste generated has also increased significantly over the years. As a result of health hazards associated with e-waste landfill and incineration are significant, dumping of e-scrap has become a major concern for both developing and developed economies. It is therefore expected that the need to recycle and manage this waste will arise as a primary need for many nations around the world, which, in turn, is anticipated to have a positive effect on the growth of the e-waste management market in the coming years.

The metal segment accounted for the major market share in 2019. Components that use metal solders, metal tracks, and conductive metals comprise electrical and electronic products. Metals are primarily used in all components, micro controllers, printed circuit boards, as a result of which this segment is projected to show the fastest growth during the forecast period.

In 2019, the consumer electronics segment was the leading contributor in e-waste management market and this trend is expected to continue until 2025. The consumer electronics is further segmented into handheld electronic devices, household appliances, IT equipment, IT accessories, and PCBs. The major reason pushing the consumer electronics demand is the extensive adoption of the abovementioned devices in the commercial and residential sectors.

North America and Europe together contribute major market share in e-waste management. The countries in these regions are delicate to industrial pollution issues and therefore contribute to the worldwide e-waste management market as much as possible. In terms of major growth in the years to come, Asia Pacific is also anticipated to follow the line. Since this region has many manufacturers of consumer electronics, it is estimated that the need to reduce e-waste will grow and drive the market over the forecast period. Countries like China, India and Japan are expected to be key market contributors.

It is expected that policies and framework that define e-waste regularization will boost overall growth and spread awareness about the environmental damage caused by electronic waste. These policies will ensure that manufacturing companies are responsible for their electronic items complete life cycle. Many IT firms and electronic collaborated with organizations that help e-waste management. In addition, awareness about the need to reuse, donate and lease electronic products in order to extend product life and limit e-waste. On the other side, the high costs incurred during recycling and a lack of trash collection facilities are some of the factors that are restraining the market growth.

The report analyses key players of e-waste management market. The thorough study of key players allows established and new players to gain a clear understanding of the market and scope, enabling them to invest intelligently in the industry. Some of the e-waste management market players are: Sims Recycling Ltd., Electronic Recyclers International, Inc., Enviro-Hub Holdings Ltd., Waste Management, Inc., Umicore S.A., E-Waste Systems, Inc., Desco Electronic Recyclers, Stena Metall AB, MRI (Australia) Pty Ltd. and Attero.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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