Meticulous Research®—a leading global market research company, published a research report titled, ‘E-waste Management Market by Method (Recycling, Dispose/Trash (Landfill, Incineration)), Source (Household, Industrial, IT & Telecom, Medical, Consumer), Material (Metal (Ferrous, Non-Ferrous), Plastic), Geography - Global Forecast to 2031.’
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Meticulous Research® projects that the global e-waste management market will surge to $114.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. This robust market expansion is attributed to the growing volume of e-waste driven by the frequent replacement of electronic devices, stringent government policies on waste management, and rising public awareness about the importance of proper disposal. Technological advancements in recycling and stronger governmental backing for waste management initiatives are expected to boost the market, though illegal dumping and inadequate infrastructure in regions like ASEAN present hurdles.
The market is divided into segments based on method, waste source, and material. By 2024, the recycling & reuse segment is expected to capture the largest market share, due to the need to recover high-value materials and comply with sustainability goals. Consumer electronics will represent the largest source of e-waste, with household appliances set to experience the highest growth rate. The metals segment will lead in terms of material recovery, driven by the extraction of valuable resources, while the plastics segment will grow rapidly as recycling technologies advance.
Asia-Pacific is expected to lead the global market by 2024, driven by governmental initiatives and the region’s expanding electronics industry. Key players in the e-waste management market include ERI (U.S.), Aurubis AG (Germany), Sims Limited (U.S.), and Umicore (Belgium).
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