E-Waste Management Market Projected to Reach $114.5 Billion by 2031

SEATTLE (Scrap Monster): Meticulous Research, a leading market research firm, has released its latest comprehensive report forecasting the global e-waste management market to surge to $114.5 billion by 2031, expanding at a robust compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. The report highlights the significant market drivers, challenges, and opportunities shaping the future of e-waste management across the globe.

The explosive growth in electronic device usage, coupled with their increasingly shortened life cycles, is fueling unprecedented levels of e-waste generation. Governments worldwide are implementing stringent regulations to manage this surge, driving the adoption of more sustainable e-waste management practices. Additionally, heightened consumer awareness regarding the environmental impact of improper e-waste disposal is further propelling market growth.

The report also underscores the critical role of government initiatives aimed at promoting efficient e-waste management. These initiatives, along with ongoing advancements in recycling technologies, are expected to unlock new growth opportunities for market players. However, the industry faces challenges, including illegal e-waste dumping and the absence of a robust disposal system in several ASEAN markets.

The global e-waste management market is segmented by method, waste source, and material, offering a detailed analysis of each segment's current trends and future projections.

Courtesy: www.openpr.com