India E-Waste Management Market is Expected to Register a 9.10% CAGR Through 2030
Increasing E-Waste Generation, Rapid Technological Advancements and Stringent Government Regulations & Initiatives are likely to propel the market during the forecast period.
According to
TechSci Research report, “India E-Waste Management Market – By Region,
Competition, Forecast and Opportunities, 2020-2030F”, India E-Waste Management Market was valued at
USD 60.63 Billion in 2024 and is expected to reach USD 103.16 Billion by 2030
with a CAGR of 9.10% during the forecast period.
One
of the primary drivers of the India E-Waste Management market is the continuous
advancement in technology, which results in a higher turnover of electronic
devices. As new, more efficient devices, such as smartphones, laptops, and home
appliances, are constantly being introduced, consumers are quick to upgrade,
leading to the disposal of older models. The rapid pace of innovation in
sectors like consumer electronics, telecommunications, and computing leads to a
surge in e-waste generation across the country.
India
is one of the largest consumers of electronic devices, driven by rising
disposable incomes, a growing middle class, and a young, tech-savvy population.
This widespread adoption of electronic devices, coupled with their rapid
obsolescence, contributes to the growing volume of e-waste. Additionally,
devices such as smartphones and computers are often replaced more frequently,
exacerbating the problem. The replacement cycle is shorter, as consumers are
increasingly drawn to the latest features and technological improvements in
devices.
This
rise in e-waste generation calls for efficient management solutions to handle
the safe disposal and recycling of discarded electronics. Increased consumer
awareness of the environmental impact of improper e-waste disposal has spurred
demand for responsible e-waste management practices. As e-waste volumes continue
to grow, the market for collection, recycling, and safe disposal services will
experience significant expansion.
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data Figures spread through XX Pages and an in-depth TOC on " India E-Waste Management Market.”
Based
on Recycler Type, The Metal recyclers held the largest market share in
2024. Metal recyclers dominate the India
E-Waste Management market due to the high economic value of the metals present
in electronic waste and the increasing demand for their recovery. E-waste
contains precious and valuable metals such as gold, silver, copper, aluminum,
and palladium, which are widely used in the manufacturing of new electronic
devices and other industrial applications. These metals are often found in
components like circuit boards, connectors, and wires, making their recovery a
key focus for e-waste recyclers in India.
India
is one of the largest markets for consumer electronics, and as the volume of
electronic waste grows, so does the demand for metal recycling. Metals,
especially copper and gold, are in high demand in industries such as
telecommunications, automotive, and electrical engineering. Recycling metals
from e-waste not only helps reduce the environmental impact associated with the
extraction of these materials from natural sources but also provides a more
sustainable and cost-effective alternative to mining. Furthermore, metal
recycling has a well-established market in India due to the advanced
technologies and processes used to extract and refine valuable metals. The
recovery of metals from e-waste involves methods like mechanical shredding,
chemical leaching, and smelting, which are designed to maximize recovery rates
while minimizing toxic emissions. These processes enable recyclers to recover a
significant proportion of valuable materials, making metal recycling both
economically and environmentally viable.
Based
on region, North India is the fastest-growing region in the India E-Waste
Management market due to a combination of factors, including rapid
urbanization, increased electronic consumption, government initiatives, and the
growing need for proper waste management solutions.
One
of the key drivers is the rapid urbanization in states like Delhi, Haryana,
Uttar Pradesh, Punjab, and Rajasthan. With large metropolitan cities such as
Delhi and Chandigarh, there is a significant demand for electronics. These
urban centers witness high levels of consumer electronics consumption,
including smartphones, computers, and household appliances. As these devices
reach the end of their life cycle, the volume of e-waste generated increases,
thereby fueling the demand for effective e-waste management solutions.
Additionally, as urban populations grow, more households and businesses are
upgrading electronic devices at a faster pace, further contributing to the
increase in e-waste.
Government
initiatives also play a crucial role in North India’s e-waste management
growth. The Indian government’s push for more sustainable practices, such as
Extended Producer Responsibility (EPR) and awareness campaigns, has led to the
establishment of collection centers and recycling facilities in the region.
Various state governments in North India are adopting stricter e-waste
regulations and promoting initiatives to handle the growing waste stream
efficiently. Moreover, North India is home to a large number of industrial and
commercial hubs, where electronics are widely used across various sectors,
including IT, manufacturing, and retail. These sectors generate significant
volumes of e-waste, which further boosts the need for organized recycling solutions.
Major companies
operating in the India E-Waste Management Market are:
- Sims Limited
- Electronic
Recyclers International, Inc.
- Waste
Management Holdings, Inc
- Aurubis
AG
- EnviroServe
Inc.
- Umicore
N.V.
- Veolia
Environnement SA
- Boliden Mineral
AB
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“The India E-Waste Management market
presents significant growth opportunities, driven by rapid urbanization,
increased electronic consumption, and rising consumer awareness of
environmental concerns. With the country's expanding middle class, technological
advancements, and government initiatives like Extended Producer Responsibility
(EPR), the demand for efficient e-waste recycling and disposal solutions is
growing. Furthermore, the shift toward a circular economy, coupled with the
need for material recovery and sustainable practices, offers substantial market
potential. As regulatory frameworks strengthen and infrastructure improves,
companies that provide innovative, environmentally responsible e-waste
management services stand to benefit from this expanding market.”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“India E-Waste Management
Market, By Processed Material (Metal, Plastic, Glass,
Others), By Recycler Type (Glass Recycler, Metal Recycler, Plastic Recycler,
Printed Circuit Board Recycler), By Category (Temperature Exchange Equipment,
Screens & Monitors, Large Equipment, Small Equipment, Small IT & Telecommunication
Equipment), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth
potential of India E-Waste Management Market and provides statistics &
information on Market size, structure and future Market growth. The report
intends to provide cutting-edge Market intelligence and help decision-makers make
sound investment decisions., The report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
India E-Waste Management Market.
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