The global e-waste management industry size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”.
Halt on E-waste Collection and Recycling to Hamper Industry Progress
This market is expected to be negatively affected during the COVID-19 pandemic due to a halt on e-waste collection and recycling. Further, the sudden spike in COVID-19 infections led to a halt on production activities. Moreover, restrictions on trade resulted in limited mobility and lower economic progress. However, the resumption of lockdown restrictions enabled manufacturers to bolster their activities and elevate the industry’s growth. These factors supported the e-waste management industry’s progress.
The solution was created to allow consumers to transport and place huge consumer single-use and rechargeable battery volumes in a single suitable container. This factor may allow the companies to elevate their brand image. Furthermore, companies opt for acquisitions, mergers, partnerships, and innovations to foster their market position.
Key Industry Development
- February 2022: A South Korean construction company SK ecoplant completed the acquisition of TES, an IT Asset Disposal (ITAD) and e-waste firm, for USD 1 billion.
List of Key Players Profiled in the Report
- Capital Environment Holdings Limited (Hong Kong)
- Eri (U.S.)
- Enviro-Hub Holdings Ltd. (Singapore)
- Sembcorp Environmental Management (Singapore)
- Tes (Japan)
- Tetronics Technologies Limited (U.K.)
- Umicore Ag Co. Kg (Germany)
- Veolia (France)
- WM Intellectual Property Holdings, L.L.C. (U.S.)
- Sims Lifecycle Services, Inc. (U.S.)
- Boliden AB (Sweden)