Global Electronic Waste Management Market 2023: Electronic Product's Life Cycle Shortening Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Electronic Waste Management: Global Markets and Technologies" report has been added to ResearchAndMarkets.com's offering.

The global electronic waste management market was valued at $54.4 billion in 2021 and is projected to reach $108 billion by 2027. This market is expected to grow at a CAGR of 12.6% from 2022 to 2027.

E-waste, also referred to as electronic waste, is the term used to describe discarded electrical appliances and gadgets, including computers, smartphones, televisions, and refrigerators. These gadgets contain dangerous substances like lead, mercury, cadmium, and beryllium that can harm the ecosystem and people's health if improperly disposed of. E-waste is a global issue becoming increasingly problematic as consumer electronics usage rises and product lifespans shorten. E-waste that is not correctly disposed of can cause the release of toxic chemicals into the ecosystem, polluting the air, water, and soil.

A rich supply of priceless materials, including precious metals like gold, silver, and platinum, can be found in e-waste. E-waste recycling can aid in the recovery of these materials, minimizing the need for new mining and the environmental effect of electronics production.

E-waste management initiatives combine consumer education, business regulations, and governmental policies. Numerous nations have set up e-waste collection and recycling programs to avoid improper disposal and encourage ethical recycling.

Technological advancement has increased the global demand for electronic equipment. Drastic innovations have shortened the life of these products, which has, in turn, exponentially increased the generation of waste from electronic equipment, and global production is expected to continue to accelerate shortly. More than 46 million tons per year of electronic waste are generated globally, with a significant share originating in Europe, the U.S., and the Asia-Pacific region. However, in the next decade, China, Eastern Europe, South America, and several African and Middle Eastern countries are expected to become significant electronic waste producers.

Electronic waste contains many valuable and recoverable materials, such as aluminum, ferrous metals, copper, gold, and silver. Electronic waste treatment and recycling have become a significant priority for maximum energy and natural resource conservation for many countries. Electronic waste also contains toxic and hazardous materials, including mercury, lead, cadmium, chromium, antimony, and many other chemicals, and recycling can prevent them from posing an environmental hazard.

E-waste, also referred to as electronic waste, is a rising ecological concern on a worldwide scale. Electronic device production has increased dramatically due to the lightning-fast pace of technical development, creating enormous amounts of e-waste. It is crucial to manage electronic waste effectively because improper disposal of e-waste presents a severe risk to the environment and public health.

Report Includes

• 49 data tables and 24 additional tables
• An up-to-date overview and industry analysis of the global and regional markets for electronic waste management treatment technologies and recycling markets
• Analyses of the global market trends, with historic market revenue data (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
• Estimation of the actual market size and revenue forecast for global electronic waste management and recycling market in USD million terms, and corresponding market share analysis by recycling component, source type, treatment technology, and region
• Highlights of emerging technology trends, opportunities and gaps in the market estimating current and future demand for treatment technologies for electrical and electronic waste management across each region, and identification of major geographies involved market developments
• Review of the legislative and environmental regulatory issues and concerns currently focused on electronic waste management approaches as a basis for projecting demand in the next few years
• A comparative study of value chain analysis and Porter's Five Forces model considering both micro
• and macro
• environmental factors prevailing in the electronic waste management technologies and recycling markets
• Review of market and economic opportunities for current industry participants and new entrants
• A relevant patent analysis with data corresponding to number of U.S. patents related to treatment technologies for electrical and electronic waste management
• Updated information on recent industry acquisitions, partnerships, agreements, collaborations, and other strategic alliances in the global electronic waste management and recycling market

Market Dynamics

Drivers

• Electronic Product's Life Cycle Shortening
• Awareness of Environmental and Health Conservation
• Existence of Valuable Materials in E-Waste
• Government Policies and Guidelines for the Management of E-Waste

Restraints

• High Recycling Costs Occurred as a Result of a Lack of Awareness
• Absent or Inadequate Legal Frameworks
• Key Challenges in the Electronic Waste Management Market
• Illegal Shipments of Electronic Waste
• Dual Character of Electronic Waste Creating a Major Challenge
• Concern for Environmental Protection Policy

Opportunities

• Organizations Receiving Certification from Outside Auditors
• E-Waste Sector Provides Opportunities for Innovation in the Design and Production of Electronic Products

Companies Mentioned

• ACA Industry Aps
• Alba Group
• Attero Recycling Pvt. Ltd.
• Aurubis AG
• Boliden Group
• Capital Environment Holdings Limited
• Cimelia Resource Recovery Pte. Ltd.
• Eri
• Quantum Lifecycle Partners
• Sembcorp Industries Ltd.
• Sims Lifecycle Services
• TES
• Tetronics Environmental Waste Treatment
• Umicore
• Veolia
• Waste Management, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/g9it0

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