The North America E-waste Disposal Market would witness market growth of 19.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America E-waste Disposal Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36,333 Million by 2031. The Canada market is showcasing a CAGR of 15.6% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 14.6% during (2024 - 2031).
Many companies across various industries have integrated e-waste management into their CSR strategies, recognizing the importance of environmental sustainability and responsible business practices. By partnering with professional e-waste disposal services, these companies demonstrate their commitment to reducing their environmental footprint and promoting a circular economy. E-waste disposal is a critical component of the circular model, as it involves recovering valuable materials such as metals, plastics, and rare earth elements from discarded electronics.
Integrating e-waste disposal into the circular economy aligns with sustainability principles, resource efficiency, and waste reduction. By recovering valuable materials from e-waste and reintroducing them into the production cycle, the circular economy approach minimizes the need for virgin resources, reduces energy consumption, and mitigates environmental pollution associated with traditional waste disposal methods. Moreover, circular economy initiatives in the e-waste sector contribute to job creation, economic growth, and innovation. They foster the development of new technologies, business models, and partnerships that promote sustainable consumption and production practices.
Additionally, the rapid pace of technological innovation and product obsolescence further accelerates e-waste generation in Mexico. As newer and more advanced electronic devices enter the market, older devices become obsolete or require upgrades, leading to a turnover of electronic products and contributing to the e-waste stream. This technology adoption and disposal cycle underscores the importance of effective e-waste management strategies to responsibly handle the increasing volumes of electronic waste. Thus, the region presents lucrative growth prospects for the market.
Free Valuable Insights: The E-waste Disposal Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
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