The Europe E-waste Disposal Market would witness market growth of 19.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe E-waste Disposal Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,108.2 Million by 2031. The UK market is exhibiting a CAGR of 12.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 14% during (2024 - 2031).
Due to the absence of suitable regulations, recycling infrastructure, and training, however, children and other residents of low-income and middle-income countries (LMICs) are particularly vulnerable to the dangers posed by e-waste. Notwithstanding international regulations aimed at regulating the cross-border transportation of electronic waste (e-waste) to least developed countries (LMICs), such movement persists, often in an illicit manner.
E-waste is hazardous due to toxic materials or the potential for toxic chemical production during improper treatment. The ten chemicals of public health concern include several of these toxic substances, including dioxins, lead, and mercury, which are all known or suspected to be hazardous to human health. Most of these can be found in e-waste. The improper recycling of electronic waste endangers the health and safety of the public.
The growing demand for e-waste disposal services in the EU underscores the importance of developing comprehensive waste management strategies, promoting circular economy principles, and investing in recycling infrastructure and technologies. Collaborative efforts between government entities, industry stakeholders, and waste management providers are crucial to address the challenges posed by the expanding volume of electronic waste and ensure sustainable e-waste management practices across the EU. Hence, these factors will support the market's growth throughout the forecast period.
Free Valuable Insights: The Global E-waste Disposal Market will Hit USD 172.1 Billion by 2031, at a CAGR of 13.4%
Based on Material, the market is segmented into Metal, Plastic, Glass, and Others. Based on Source, the market is segmented into Consumer Electronics, IT & Telecommunication, Household Appliances, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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