E-waste Management Market Size, Share, & Trends Analysis Report By Processed Material (Metal, Plastic), By Source (Industrial Electronics, Consumer Electronics), By Application (Disposal, Recycle), By Region, And Segment Forecasts, 2024 - 2030

E-waste Management Market Size & Trends

The global e-waste management market size was estimated at 65.4 million metric tons in 2023 and is anticipated to grow at a CAGR of 6.6% from 2024 to 2030. The rapid pace of technological advancements significantly drives the growth of the market. As new technologies emerge and consumer electronics become more sophisticated, the lifecycle of electronic devices shortens, leading to increased turnover rates and higher volumes of discarded electronics. The scenario creates a substantial demand for effective and sustainable e-waste management solutions to handle the growing surge of electronic waste responsibly.

Regulatory policies and initiatives focused on e-waste collection and treatment present significant opportunities for growth in the market. Increased awareness of the environmental and health impacts of e-waste is compelling governments and international organizations to implement stringent regulations and policies designed to ensure the safe handling, recycling, and disposal of e-waste. These regulatory frameworks address the challenges posed by e-waste and facilitate the growth of the market by promoting an environment of compliance and innovation.

Regulatory initiatives promoting public awareness and education about e-waste management are also favoring the expansion of the market. Governments and Non-Governmental Organizations (NGOs) are increasingly launching campaigns to inform consumers and businesses about the importance of proper e-waste disposal and the availability of recycling programs. For instance, in October 2023, the Indian state of Himachal Pradesh launched a campaign to collect e-waste across the state. The initiative, led by the state's Department of Environment, Science and Technology, seeks to mitigate the environmental hazards of improperly disposed electronic waste. The campaign facilitates the collection of discarded electronic items such as old laptops, mobile phones, and other electronic gadgets from various locations throughout the state. Such initiatives help increase the volume of e-waste collected, thereby driving the demand for e-waste management services.

Moreover, organizations are also introducing e-waste recycling campaigns to promote responsible e-waste disposal habits. For instance, in June 2024, Maxis Bhd., a telecommunication company, expanded its e-waste recycling campaign to include a free postal drop-off service, enhancing customer accessibility. The initiative allows individuals to mail their old electronic devices directly to recycling centers at no cost. By offering this convenient postal option, the company aims to encourage more people to participate in e-waste recycling, thereby reducing electronic waste and promoting environmental sustainability.

Industry Dynamics

The e-waste management market environment is evolving, and companies are launching new technologies to cater to the increasing demand. For instance, in February 2022, Umicore introduced new-generation Li-ion battery recycling technologies. The technology recovers 95% of cobalt, nickel, and copper from batteries as well as most of the lithium. This initiative is a significant step in recycling performance, with increased extraction efficiency and automated material flow to minimize manual handling.

As the global economy continues to evolve, there is an increasing demand for e-waste management solutions. Industry players are collaborating to introduce innovative techologies and expand their presence in the market. For instance, in May 2023, Adams County Solid Waste & Recycling partnered with ERI to deliver free e-waste recycling as part of the 2023 Clean Sweep event. The electronic waste recycling event was part of a community recycling initiative sponsored by Adams County. This partnership envisioned ERI to responsibly recycle unwanted electronics dropped off by residents. The event aimed to promote sustainability and proper disposal of electronic waste, which often contains hazardous materials that should not end up in landfills.

Moreover, regulatory trends in the market focus on proper and efficient management of electronic waste. These encompass the Electrical and Electronic Equipment Act (ElektroG) in Germany that outlines the obligations that companies must meet when introducing electrical and electronic equipment to the market, including their take-back responsibilities and ensuring the environmentally friendly disposal of these products.

In the market, the threat of substitutes can be termed low. There are few alternatives to recycling and proper disposal of electronic waste. While some electronic devices can be refurbished and resold, this does not eliminate the need for end-of-life e-waste management. Although possible, incineration or landfilling are not sustainable or environmentally friendly options and are heavily regulated or banned in many regions.

Processed Material Insights

The fixtures segment accounted for the largest market share of 62% in 2023. Electronic and electrical products comprise components that use metal tracks, metal solders, and conductive metals. Metals are used in every component, microcontroller, and printed circuit board (PCB), owing to which the segment is expected to exhibit significant growth over the forecast period.

The plastic segment is anticipated to expand at a significant CAGR over the forecast period. The rapid increase in the demand for small equipment, such as vacuum cleaners, ventilation equipment, microwaves, electric shavers, trimmers, calculators, radios, and cameras, is increasing the demand for plastic components in these devices. Moreover, the growing inclination toward technology and advanced electronics is driving the demand for small equipment, in turn boosting the growth of the plastic segment.

Application Insights

The disposal segment accounted for the largest market share of 86% in 2023 in the market. The rise of urbanization and the growing middle class in emerging markets is driving the growth of the disposal segment. As people move to cities, they generate more e-waste, which needs to be disposed of responsibly. Governments and private companies are investing in e-waste management infrastructure to cater to this growing demand.

The recycle segment is anticipated to grow at a significant CAGR over the forecast period. The growth of the recycle sub-segment is attributed to the rising awareness about environmental sustainability and the importance of reducing electronic waste. Governments are implementing regulations and policies to promote e-waste recycling and reduce electronic waste. Technological advancements in e-waste recycling are also playing a crucial role in driving growth in this segment.

Source Insights

The consumer electronics segment accounted for the largest market share of 72% in 2023, the market. The growth of the consumer electronics segment in e-waste management is driven by several factors, including the increasing adoption of smart devices, such as smartphones and smartwatches. In addition, the growing demand for high-definition displays and streaming services has led to an increased sale of TVs and other display devices. The improper disposal of e-waste can lead to environmental pollution, health risks, and security breaches. Therefore, there is a growing need for effective e-waste management strategies that involve recycling, refurbishment, and proper disposal of consumer electronics.

The industrial electronics segment is anticipated to grow at a significant CAGR over the forecast period. The increasing demand for electronic devices in industries such as manufacturing, healthcare, and logistics has led to an increase in e-waste generation. The rising adoption of Industry 4.0 technologies such as IoT, automation, and robotics has further accelerated the growth of industrial electronics, resulting in a higher generation of e-waste.

Regional Insights

North America held a significant share of over 15% of the market in 2023. The relatively low rate of e-waste recycling in the region prompts significant demand for the market. Despite the increasing volume of electronic waste generated in the region, only a small fraction is properly recycled. This highlights the disparity in the amount of e-waste produced and the lack of effective e-waste management practices.

U.S. E-waste Management Market Trends

The U.S. is expected to grow significantly at a CAGR of 7.2% from 2024 to 2030. Considering the rapid technological advancements and consumer inclination toward the latest electronic gadgets, the lifespan of electronic devices has significantly shortened. This trend has resulted in a surge of discarded electronic items, from smartphones and laptops to household appliances and industrial equipment, thus creating demand for efficient e-waste management services.

Europe E-waste Management Market Trends

The market in Europe is projected to grow at a CAGR of 6.3% from 2024 to 2030. The growing collection of Waste Electrical and Electronic Equipment (WEEE) in Europe is a crucial factor driving the growth of the market across the region. The trend reflects a broader commitment to environmental sustainability, resource efficiency, and regulatory compliance, collectively promoting a dynamic and expanding e-waste management sector.

The e-waste management market is expected to witness a significant CAGR of 8.2% from 2024 to 2030. The substantial volume of e-waste requiring disposal in the UK is significantly driving the growth of the country's market. The rapid pace of technological innovation and the resulting obsolescence of electronic devices contribute to the high volumes of e-waste in the UK This trend results in significant amounts of discarded electronics that require proper disposal and recycling.

The e-waste management market in Germany is projected to garner a CAGR of 6.5% from 2024 to 2030. Strong environmental awareness among consumers and businesses in Germany significantly contributes to the growth of the regional market. There is a widespread understanding of the environmental and health risks associated with improper e-waste disposal. Public awareness campaigns and educational initiatives emphasize the importance of recycling electronic devices, leading to increased participation in e-waste collection programs.

Asia Pacific E-waste Management Market Trends

The market in Asia Pacific is projected to grow significantly at a CAGR of 6.6% from 2024 to 2030. Rapid technological advancement and increased consumption of electronic devices are significantly driving the market in the Asia Pacific region. The region has seen substantial economic growth and rising living standards, leading to a higher demand for electronic products such as smartphones, computers, and household appliances.

The e-waste management market in China is anticipated to grow at a CAGR of 7.4% from 2024 to 2030. The growth of the market in China is significantly driven by the country's ambitious sustainable future goals, which are shaping policies, regulations, and industry practices. As one of the world's largest producers and consumers of electronic devices, China confronts challenges pertaining to e-waste management. The rapid pace of technological advancement and high turnover rate of electronic products contribute to a significant volume of e-waste generated annually.

The e-waste management market in India is expected to grow significantly at a CAGR of 7.8% from 2024 to 2030. The efforts by regional organizations by introducing initiatives to comply with e-waste management regulations, enhance recycling infrastructure, promote public awareness of responsible disposal practices, and integrate sustainable practices across their operations drives growth of the market.

Middle East & Africa E-waste Management Market Trends

The e market in the Middle East & Africa is anticipated to witness a CAGR of 6.7% from 2024 to 2030. The partnerships and collaborations between governments, private sector entities, and organizations are driving the growth of the market in the Middle East and Africa region. For instance, in May 2024, Tadweer Group and Dubal Holding completed the acquisition of Enviroserve, an e-waste management firm. The acquisition enhances Tadweer Group and Dubai Holding's capabilities in managing electronic waste, aligning with global efforts toward sustainable environmental practices.

Key E-waste Management Company Insights

Some of the key companies operating in the market include Umicore, WM Intellectual Property Holdings, L.L.C., and Sims Limited, among others are some of the leading participants in the market.

• Umicore is a circular materials technology company with expertise in chemistry, material science, and metallurgy. The company's operations are divided into three business groups, namely energy and surface technologies, catalysis, and recycling. Under the recycling segment, the company offers battery recycling solutions, precious metal management, jewelry and industrial metals, and precious metal refining.

• Sims Limited provides metal recycling and circular technology solutions. The company operates under three segments: Sims lifecycle services, Sims metal, and Sims resource renewal. The Sims lifecycle services division offers electronic recycling to data centers and enterprises, IT asset disposal, and precious metal refining services across the UK, North America, Continental Europe, Africa, and Asia Pacific.

Desco Electronic Recyclers, ERI, and MRITECHNOLOGIES, Inc. are some of the other key market participants in the market.

• Desco Electronic Recyclers is a provider of waste electrical and electronic equipment services. The company offers a comprehensive suite of recycling services, including IT asset disposition, recycling WEEE, certified data destruction, certified data erasure, ERP reporting, and SAC recycling. Moreover, Moreover, it plans to add PCB and battery recycling to its services PCB and battery recycling to its services. The company holds a waste management license and JHB Waste Hub Permit as well as complies with various certifications, including IMS certifications such as ISO 14001, 9001, and 45001.

• ERI provides certified refurbishment, recycling, and de-manufacturing services for all types of electrical devices. With multiple facilities across the U.S., ERI provides comprehensive recycling solutions for businesses, government agencies, and individuals, ensuring that end-of-life electronic devices are responsibly recycled and data is securely destroyed. The organization's service portfolio includes electronic & IT disposition, recycling, data destruction, OEM compliance, PV/solar management, and data center services such as decommissioning and on-site data destruction.

Recent Developments

• In April 2024, ERI partnered with Staples to expand its nationwide store-based recycling services to include consumer batteries. This collaboration aims to enhance the existing Recycling Services program by adding single-use batteries and rechargeable to the list of accepted materials for recycling. Moreover, the initiative aims to increase the recycling of consumer batteries and promote environmental sustainability.

• In September 2023, ERI, a cybersecurity-focused hardware destruction and integrated ITAD provider, recalibrated its geographic footprint to accommodate continued growth in ITAD and e-waste recycling services. As part of this recalibration, the company envisioned opening three larger e-waste recycling and ITAD centers in 2024 and closing its smallest facility in Aurora, Colorado. The facilities will be strategically positioned to improve ERI's national logistics and operations, ensuring greater balance and efficiency in serving customers across the U.S.

• In June 2022, Sims Lifecycle Services (SLS), an IT Asset Disposition (ITAD) company, opened its Circular Center in Atlanta, Georgia. With this initiative, the company aimed to provide Atlanta-based companies with sustainable and secure local redeployment, recycling, and reuse for IT equipment and data center materials. The Atlanta circular center is part of SLS's global network of facilities, which now includes nine locations across North America and additional centers in Australia, Europe, Asia, and the Indian subcontinent.

E-waste Management Market Report Scope

Global E-Waste Management Market Report Segmentation

This report forecasts volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global e-waste management market report based on processed material, source, application, and region. 

• E-waste Management Processed Material Outlook (Volume, Million Metric Tons, 2018 - 2030)

  • Metal

    • Copper

    • Steel

    • Others

  • Plastic

  • Glass

  • Others

• E-waste Management Source Outlook (Volume, Million Metric Tons, 2018 - 2030)

  • Industrial Electronics

    • IT & Telecom Equipment

      • Datacenters

      • Networking Cards/Equipment

      • Digital Boards

      • Others

    • Medical Equipment

      • Monitoring And Control Equipment

      • Others

  • Consumer Electronics

    • Household Appliances

      • Refrigerator

      • Television

      • Others

    • Handheld Electronics

      • Smartphones

      • Tablets

      • Wearables

      • Others

    • IT Accessories

      • Keyboards

      • Mice

      • Laptops Cases

      • USD Memory Sticks

      • Others

    • IT Equipment

      • Desktops

      • Laptops

      • Netbooks

      • Others

    • PCBs

      • High-grade

      • Medium-grade

      • Low-grade

  • Others

• E-waste Management Application Outlook (Volume, Million Metric Tons, 2018 - 2030)

  • Disposal

    • Reuse

    • Landfill

    • Incineration

  • Recycle

• E-waste Management Regional Outlook (Volume, Million Metric Tons, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Norway

    • Sweden

    • Switzerland

    • Austria

    • Belgium

    • Netherlands

    • Ireland

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Taiwan

  • Latin America

    • Brazil

  • Middle East & Africa