E-Waste Disposal Market Surges to $64.4 Billion in 2023 with a CAGR of 13.6% | MRI Technologies, Umicore

OREGAON, PORTLAND, UNITED STATES, May 8, 2024 /EINPresswire.com/ -- Allied Market Research published an exclusive report, titled, "E-waste Disposal Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, by Source : Global Opportunity Analysis and Industry Forecast, 2024-2032".

The Global E-Waste Disposal Market value was $64.4 billion in 2023, and is projected to reach $198.5 billion by 2032, growing at a CAGR of 13.6% from 2024 to 2032.

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The e-waste disposal market report is a pivotal player in addressing the escalating global challenge of electronic waste management. Fueled by the proliferation of technological advancements, the market includes a spectrum of processes including collection, e-waste recycling, refurbishment, and responsible for electronic waste disposal. Key drivers propelling this market forward include rise in environmental consciousness, stringent regulatory frameworks, and the imperative for sustainable business practices.

As societies embrace digitalization, the volume of e-waste continues to escalate, necessitating innovative solutions and collaborative efforts across industries. Despite challenges such as inadequate infrastructure and complex supply chains, the market presents significant opportunities for innovation, resource recovery, and the advancement of a circular economy paradigm. By harnessing technological innovations and fostering partnerships, the e-waste disposal market aims to minimize environmental impact and contribute to a more sustainable future.

Key Market Players:
The E-waste disposal market size report offers an in-depth analysis of the 10 prime market players that are active in the market. Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services. In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations. The prime market players studied in the report are ERI, MRI Technologies, Umicore, Desco Electronic Recyclers, Stena Metall AB, Tetronics Environmental Technology Company, MBA Polymers Inc, Boliden Group, Sims Limited, AURUBIS AG.

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Segmentation Analysis:
The E-waste disposal market is segmented into material, source, and region. The report offers an in-depth study of every segment, which helps market players and stakeholders to understand the fastest growing segments and highest grossing segments in the market.

On the basis of material, the metal segment held the highest market share in 2023, accounting for nearly half of the global e-waste disposal market revenue and is estimated to maintain its leadership status during the forecast period. The metal segment is expected to witness the fastest growth rate of 13.8% during the forecast period owing to innovation and investment in recycling technologies.

On the basis of source, the consumer electronics segment held the highest market share in 2023, accounting for more than half of the global e-waste disposal market revenue and is estimated to maintain its leadership status during the forecast period. The consumer electronics segment is also projected to attain the highest CAGR of 13.7% from 2024 to 2032 owing to rapid technological advancements and shorter product lifecycles.

The E-waste disposal market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The E-waste disposal market report provides thorough information about prime end-users and annual forecast during the period from 2022 to 2030. Moreover, it offers revenue forecast for every year coupled with sales growth of the market. The forecasts are provided by skilled analysts in the market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the E-waste disposal industry.

The Report will help the Readers:
- Figure out the market dynamics altogether.
- Inspect and scrutinize the competitive scenario and the future E-waste disposal market landscape with the help of different strictures including Porter's five forces.
- Understand the impact of different government regulations throughout the global health crisis and evaluate the E-waste disposal market condition in the tough time.
- Consider the portfolios of the protruding players functional in the market in consort with the thorough study of their products/services.
- Have a compact idea of the highest revenue generating segment.

The research operandi of the global E-waste disposal market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.

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COVID-19 Impact Analysis:
The COVID-19 pandemic hit almost all sectors across the globe. The government restrictions and guidelines issued by World Health Organization (WHO) have temporarily suspended the manufacturing facilities. In addition, the prolonged lockdown across several countries led to disruption of the supply chain and increased raw material prices. Such factors affected the global E-waste disposal market growth . The report offers an in-depth analysis of the impact of the COVID-19 outbreak on the market.

Key findings of the study:
• The e-waste disoposal market report outlines the current trends and e-waste disposal market forecast from 2024 to 2032 to understand the prevailing opportunities and potential investment pockets.
• The e-waste disposal industry report includes the e-waste disposal market insights of the regional as well as global, e-waste disposal market trends, key players, market segments, industry vertical areas, and market growth strategies.
• The market size is provided in terms of revenue.
• By material, the metal segment is projected to be the fastest growing segment in terms of revenue during the forecast period.
• Depending on source, the consumer electronics segment is expected to be the leading segment during the forecast period.
• Region-wise, Asia-Pacific garnered a major share in 2023 in terms of revenue

The market study further promotes a sustainable market scenario on the basis of key product offerings. On the other hand, Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. The report provides an explicit global E-waste disposal market breakdown and exemplifies how the opposition will take shape in the new few years to come. Rendering the top ten industry players functional in the market, the study emphasizes on the policies & approaches integrated by them to retain their foothold in the industry.

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