Small Equipment Segment is Expected to Dominate the Global E-Waste Management Market.
Population Growth across the globe and Economic Development are the factors propelling the market growth.
According to
TechSci Research report, “Global E-Waste Management Market
- Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. Global E-Waste Management is anticipated to project robust growth in the
forecast period with a CAGR of 4.3% through 2028. Rapidly growing economies,
urbanization and the increasing population have led (materially intensive) to
an increase in the resource consumption, and consequently the release of large
amounts of waste into the environment. Observing from a global perspective,
current waste and resource management lacks a holistic approach which covers
the whole chain of product design, raw material extraction, production,
consumption, recycling and waste management. A scarcity of land for the
effective waste disposal and focus on the energy and resource recovery is
driving the market growth.
On the other hand, lower sustainability in E-Waste Management and low
importance towards E-Waste Management are restricting market growth. In
addition, the rise in the purchase of recyclable products is providing immense
opportunities for market growth. The growth of the global E-Waste Management market
is driven by an increase in the adoption of proactive government measures to
reduce illegal dumping.
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Figures spread through 188 Pages and an in-depth TOC on " Global E-Waste Management Market”
Based on Waste Type, Municipal
solid waste is expected to hold the largest share of E-Waste Management market
for during the forecast period, Construction and Demolition waste across
worldwide is growing healthily whose management involves various activities
such as - monitoring, collecting, transporting, recycling and disposing of the
waste generated during construction, renovation or demolition of buildings or
any other infrastructure. It assists in minimizing and re-using waste materials
such as concrete, soil, wood, glass, plastic, cardboard and metal during
construction activities. Unlike residential waste, construction and demolition
waste materials are inert, heavy and non-biodegradable. Hence, regulatory
authorities require commercial facilities for sorting, treating and filtering
these materials before they can be re-used or decomposed. Increased construction
and demolition activities are catalyzing the demand for the construction and
demolition E-Waste Management worldwide. Construction and demolition activities
produce large amounts of concrete, wood, plastic and metal waste. As improper
disposal of these materials results in the emission of GHGs, environmental
degradation, and deterioration of the overall health of people, the adoption of
construction and demolition E-Waste Management practices has been gaining
popularity all over the world.
Based on Region, Asia Pacific
will dominate the market, There is a generation of 2.01 billion tons of
municipal solid waste per year at the global level, with at least 33% of
that—extremely conservatively—not managed in an environmentally safe manner.
Worldwide, waste generated per person per day averages 0.74 kilograms but
ranges widely, from 0.11 to 4.54 kilograms. Though they only account for 16
percent of the world’s population, high-income countries generate about 34
percent, or 683 million tons, of the world’s waste.
In many countries, solid E-Waste
Management operations are a local responsibility, and nearly 70% of countries
have established institutions with responsibility for policy development and
regulatory oversight in the waste sector. About two-thirds of countries have
created targeted legislation and regulations for solid waste management, though
enforcement varies drastically.
Global waste is expected to
grow to 3.40 billion tons by 2050, greater than double population growth over
the same period. Overall, there is a positive correlation between waste
generation and income level. Daily per capita waste generation in high-income
countries is anticipated to increase by 19% by 2050, compared to low- and
middle-income countries, where it is expected to increase by approximately 40%
or more. The total quantity of waste generated in low-income countries is
expected to increase by greater than three times by 2050.
Key market players in the Global
E-Waste Management Market are following: -
- Biffa Group
- Clean Harbors, Inc.
- Covanta Holding Corporation
- Veolia Environment SA
- Waste Connections
- Remondis AG & Co. Kg
- Suez Environment S.A.
- Daiseki Co. Ltd
- E-Waste Management Inc.
- Republic Services
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“The global E-Waste
Management market is driven by a combination of economic, environmental,
regulatory, and societal factors. Population growth and urbanization result in
increased waste production, necessitating E-Waste Management services. Economic
development leads to higher consumption and industrialization, generating more
waste. Environmental concerns, including pollution and resource conservation,
promote sustainable E-Waste Management practices and recycling. Strict
regulatory frameworks and standards push the demand for compliant E-Waste
Management solutions. Resource scarcity and the shift towards a circular
economy drive innovation in waste management. Advancements in waste sorting and
recycling technologies increase efficiency. Public awareness and education
influence consumer behavior, supporting E-Waste Management programs.
Waste-to-energy solutions address the need for energy and landfill waste
reduction. Healthcare E-Waste Management is essential for public health. The
rise of e-commerce leads to more packaging waste. Public-private partnerships
for E-Waste Management projects are becoming more common, further contributing
to the growth of the global E-Waste Management market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
"E-Waste Management Market
– Global Industry Size, Share, Trends, Opportunity,
and Forecast Segmented Waste Type (Industrial waste, Municipal solid waste,
Hazardous waste, E-waste, Plastic waste, Bio-medical waste), by Disposal Methods
(Landfills, Incineration, Recycling), By Region, By Competition 2018-2028" has evaluated
the future growth potential of Global E-Waste Management Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global E-Waste Management Market.
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