E-waste Disposal Market to Reach $198.5 billion, Globally, by 2032 at 13.6% CAGR: Allied Market Research
Saturday, May 4, 2024
Stringent regulations mandating responsible e-waste disposal drive the market by compelling businesses to comply with environmental standards. These initiatives promote recycling, reduce environmental impact, and ensure proper management of electronic waste, shaping industry practices and driving demand for e-waste disposal services.
WILMINGTON, Del., April 26, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "E-waste Disposal Market by Material (Metal, Plastic, Glass, Others), by Source (Household Appliances, IT and Telecommunication, Consumer Electronics, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the e-waste disposal market was valued at $64.4 billion in 2023, and is estimated to reach $198.5 billion by 2032, growing at a CAGR of 13.6% from 2024 to 2032.
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-- 51 - Charts
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Prime Determinants of Growth
The key drivers of the e-waste disposal market include rise in consumer electronics consumption, stringent environmental regulations, and increase in awareness of electronic recycling opportunities. Moreover, innovative recycling technologies and expanding global e-waste management infrastructure are expected to provide lucrative opportunities for the growth of the e-waste disposal market during the forecast period. However, challenges in proper collection, logistics, and the presence of hazardous substances in electronic waste limit the growth of the e-waste disposal market.
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2023-2032
Base Year 2023
Market Size in 2023
$64.4 billion
Market Size in 2032
$198.5 billion
CAGR 13.6 %
No. of Pages in Report 250
Segments Covered
Material, Source, and Region
Drivers
Rise in Use of Electronic Devices
Environmental Awareness about Sustainable E-Waste
Disposal
Opportunity
Technological advancement
Embracing circular economy initiatives
Restraint Supply chain challenges in the e-waste sector
The metal segment to maintain its leadership status during the forecast period
On the basis of material, the metal segment held the highest market share in 2023, accounting for nearly half of the global e-waste disposal market revenue and is estimated to maintain its leadership status during the forecast period. The metal segment is expected to witness the fastest growth rate of 13.8% during the forecast period owing to innovation and investment in recycling technologies.
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The consumer electronics segment to maintain its leadership status during the forecast period
On the basis of source, the consumer electronics segment held the highest market share in 2023, accounting for more than half of the global e-waste disposal market revenue and is estimated to maintain its leadership status during the forecast period. The consumer electronics segment is also projected to attain the highest CAGR of 13.7% from 2024 to 2032 owing to rapid technological advancements and shorter product lifecycles.
Asia-Pacific to maintain its dominance by 2032
On the basis of region, Asia-Pacific held the highest market share in terms of revenue in 2023, accounting nearly two-fifth of the e-waste disposal industry revenue and expected to manifest the highest CAGR of 13.9% from 2024 to 2032 owing to rise in investments in Asia-Pacific regarding sustainable waste management awareness of proper disposal methods.
Leading Market Players:
-- Desco Electronic Recyclers
-- Aurubis AG
-- Boliden Group
-- MBA Polymers Inc.
-- ERI
-- Sims Limited
-- Umicore Stena Metall AB
-- Tetronics Environmental Technology Company
-- MRI Technologies
The report provides a detailed analysis of these key players in the global e-waste disposal market. These players have adopted different strategies such as partnership, investment in R&D, acquisition, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Key Benefits For Stakeholders:
-- This e-waste disposal market report provides a quantitative analysis of
the market segments, current trends, estimations, and dynamics of the
e-waste disposal market analysis from 2023 to 2032 to identify the
prevailing e-waste disposal market opportunities.
-- The e-waste recycling market research is offered along with information
related to e-waste disposal market growth drivers, restraints, and
opportunities.
-- Porter's five forces analysis highlights the potency of buyers and
suppliers to enable stakeholders make profit-oriented business decisions
and strengthen their supplier-buyer network.
-- In-depth analysis of the e-waste disposal market segmentation assists to
determine the prevailing market opportunities.
-- Major countries in each region are mapped according to their revenue
contribution to the global market.
-- Market player positioning facilitates benchmarking and provides a clear
understanding of the e-waste disposal market share by company.
-- The report includes the e-waste disposal market insights of the regional
as well as global e-waste disposal market trends, key players, market
segments, application areas, and E-waste disposal growth drivers and
strategies.
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E-waste Disposal Market Key Segments:
By Material
-- Metal
-- Plastic
-- Glass
-- Others
By Source
-- Household Appliances
-- IT and Telecommunication
-- Consumer Electronics
-- Others
By Region:
-- North America (U.S., Canada, and Mexico)
-- Europe (UK, Germany, France, Russia, and Rest of Europe)
-- Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of
Asia-Pacific)
-- Latin America (Brazil, Argentina, and Rest of Latin America)
-- Middle East and Africa (UAE, Saudi Arabia, and Rest of Middle East and
Africa)
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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