According to the recent research report titled ‘GLOBAL E-Waste Management Market 2021-2028’, available with Market Study Report, global e-waste management market is expected to expand at a CAGR of 12.45% in terms of revenue and 5.55% in terms of volume over 2021-2028.
 

Lack of sources of precious metals, and decrease in electronic devices lifespan with increasing rate of obsolescence are stimulating global e-waste management market growth. Further, e-waste initiatives by electronic manufacturers worldwide are also enhancing the market outlook.
 

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Despite the favorable business outcomes, rising recycling cost incurred due to inadequate infrastructure, limited e-waste collection zones, and ignorance in developed regions are hampering the overall industry progression.
 

In addition, illegal export of e-waste to developing economies, decrease in workforce caused by harmful effects of e-waste, and inefficiency in managing negative impact of e-waste are proving to be a major challenge for businesses in this domain.
 

Based on material type, worldwide e-waste management market is categorized into glass, plastic, metal, and others. As per source type, the industry is divided into consumer electronics, industrial electronics, and household appliances. Moving on to application spectrum, the industry segmentation comprises recycled, and trashed.
 

Considering the geographical ambit, Middle East & Africa, North America, Asia Pacific, Latin America, and Europe are the key contributors to the industry development. Of these, Latin America e-waste management industry is slated to grow substantially over 2020-2028, creditable to growing adoption of mobile phones, and rising use of internet.
 

Besides, rapid technological improvements and consumers preferring new & advanced products are contributing to the region's e-waste production. Latin America also has the fastest-growing number of internet users compared to any other area across the globe, resulting in widespread use of both mobile phones and computers, further adding to the regional market development.
 

Key players impacting global e-waste management market are MBA Polymers Inc., Boliden Group, Stena Metall AB, Tetronics (International) Ltd., Lifespan Recycling Co. Inc., Aurubis AG, ERI (Electronic Recyclers International Inc.), Sims Metal Management Limited, Enviro-Hub Holdings Ltd., and Umicore S.A.