E-Waste Management Market Trends

Growth Drivers

Increasing Demand for Household Electronics- The demand for electronic items such as refrigerators, smart refrigerators, washing machines, microwaves, and others are continuously rising owing to a rise in the annual per capita income, which is expected to create opportunities for market growth in the coming years. Each year, around 215 million refrigerators are sold worldwide, bringing in more than 125 billion dollars from sales.
Upsurge in the Use of Mobile Phones - Global smartphone usage approximately reached 7 billion users in 2022, registering a growth of 5 percent annually. Additionally, the smartphone penetration rate is expected to reach about 85% by 2023.
Rising Demand for Electronics and Smart Devices - The need for laptops and computers has been driven majorly by the corporate sector around the globe. This demand is further boosted by work from home situation imposed as a result of the COVID-19 pandemic. Around 300 million laptops were shipped in 2021, together with almost 160 million tablet computers.
Higher Generation of Electronic Waste- Owing to the rising usage of electronic items, is boosting electronic waste generation. In 2020, around 55 million metric tons were generated 2019, moreover, about 75 million metric tons of e-waste is to be generated by 2030.

Challenges

Lack of Proper Framework for Collection of Recycling Wastes - Everything from televisions to flashlights, CD players, and VCRs are considered electronic garbage, commonly referred to as end-of-life (EOL) electronic gadgets. Cell phones, toys, large and small appliances, and electronics are all categorized as e-waste. Even though there are services available to recycle, refurbish, or responsibly discard these goods, a significant percentage of e-waste still ends up in a landfill. These are the few factors that are expected to impede the e-waste management market growth.
Lack of Knowledge about the Proper Disposal of Discarded Electronics
Higher Recycling Cost of Electronic Waste

E-Waste Management Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	15.3%
Base Year Market Size (2024)	USD 79.76 billion
Forecast Year Market Size (2037)	USD 520.15 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of e-waste management is estimated at USD 89.65 billion.

The e-waste management market size was over USD 79.76 billion in 2024 and is poised to cross USD 520.15 billion by the end of 2037, growing at more than 15.3% CAGR during the forecast period i.e., between 2025-2037. Rising demand for mobile phones, increasing sale of household electronics, and growing e-waste generation will boost the market growth.

North America is likely to dominate majority industry share by 2037, propelled by rising demand and sales of mobile phones followed by a rise in the per capita income in the region.

The major players in the market include WM Intellectual Property Holdings, L.L.C, Capital Environment Holdings Limited, Aurubis AG, Boliden Group, Eniro-Hub Holdings Ltd., Umicore, MBA Polymers Inc., Electronic Recyclers International, Inc., Sims Limited, Stena Metall Group.

E-Waste Management Market Trends