The market size for e-waste management is anticipated to reach at USD 40 billion by 2025. The decreased life spans of electronic, electrical, and consumer electronic equipment are producing massive e-waste, which is increasing rapidly each year.
Dallas, United States - October 31, 2020 /MarketersMedia/ —
The global e-waste management market size is anticipated to reach USD 40 billion by 2025. Growing adoption of electronics and electronic gadgets and concomitant rise in disposability of these gadgets after a specific 'user life' has been contributing relentlessly towards massive e-waste accumulation, tremendously interfering with ecological balance. Factors as such have instigated larger adoption of apt waste management systems, reflecting massive growth in e-waste management market. Adroit Market Research takes a detailed tour of the ongoing market developments to influence futuristic investment decisions in e-waste management market. Rising mindfulness about the implications of e-waste disposal and landfill accumulation to propel growth.
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The rise in the government initiatives along with the e-waste collection zone throughout the world is the key factors anticipated to enhance the electronic waste management scenario in the next five to seven years. For example, the Ministry of Environment, Forest, & Climate Change in India has regulated electronic device manufacturers to reduce and recycle the e-waste within the nation that is generated by the disposal of electronic devices after use. On the other hand, a decrease in the life span of electronic equipment to generate huge waste after its disposal. Growing health hazards including kidney damage, Wilson’s disease, and bronchitis, owing to the insufficient discharge of toxic substances from the electronic incineration and scrap, are increasing the requirement for effective scrap management solutions.
Remondis Offshoot TSR Investing in Sims Recycling to Diversify Foothold across European E-waste Management Market
Commercial agreements in e-waste market is clearly dominated by mergers and acquisitions. Echoing this, e-waste management company Sims has recently completed its sales agreement with TSR. TSR is a subsidiary of Remondis and currently in possession of the cent percent holdings of Sim's e-waste offshoot based in Europe. The overall transaction is worth over €83.5m.
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With this business collaboration in place, Remondis subsidiary TSR is likely to expand its footprint in e-waste management market. The parent company already boasts of a legacy in e-waste management in the area which is overseen by Remondis Electrorecycling and has operational reach across European nations such as Germany, France, Austria and Poland amongst others. With developments as such e-waste management market is estimated to witness bullish growth and expansion across European markets, throughout the forecast span.
SURF Sara Selects SIMS Recycling as Corporate E-waste Management Vendor
Previous developments at Sims Recycling is identified by its successful recognition by SURFsara which earned Sims Recycling the position of official e-waste management vendor to align with SurfSara's objective to maintain circular economy by mindful disposition and e-waste management initiatives, supported by the concept of zero-waste. These developments have positioned Sims Recycling profitably on the growth curve of e-waste management market.
The Asia Pacific holds the title of one of the leading e-waste management market share regions with a significant growth rate over the forecast period. Growing disposable income in the evolving, as well as developed nations backed with the rising adoption of electronic devices, are the key factors for the industry growth. Moreover, developed nations such as the U.K., U.S., and Canada export a substantial amount of electronic waste produced by them to the Asia Pacific nations, which is anticipated to augur well for the regional industry over the forecast period.
The major players of the global e-waste management market are Electronic Recyclers International, Enviro-Hub Holdings, Aurubis AG, MRI (Australia), Sims Recycling, Boliden AB, Umicore S.A., Stena Metall AB, MBA Polymers, Tetronics, and more. The e-waste management market is fragmented with the existence of well-known global and domestic players across the globe
Segment Overview of Global E-Waste Management Market
Processed Material Type Overview, 2018-2025 (USD Billion)
Source Type Overview, 2018-2025 (USD Billion)
IT Accessories & Equipment
Application Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America
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