According to a new report, published by KBV research, The Global E-waste Disposal Market size is expected to reach $172.1 billion by 2031, rising at a market growth of 13.4% CAGR during the forecast period.
The Metal segment is leading the Global E-waste Disposal Market by Material in 2023; thereby, achieving a market value of $78.3 billion by 2031. Metals such as gold, silver, copper, and palladium are commonly found in electronic devices and have significant value. Recycling these metals helps recover valuable resources and reduces the need to mine new metals, which can have detrimental environmental impacts. Many countries have regulations and directives that promote or require the recycling of e-waste, including the recovery of metals. Compliance with these regulations is essential for sustainable waste management practices.
The IT & Telecommunication segment is experiencing a CAGR of 13.7% during (2024 - 2031). The IT and telecommunication industries are characterized by rapid technological advancements, leading to frequent upgrades and replacements of devices such as computers, servers, routers, switches, smartphones, and networking equipment. This results in a substantial volume of e-waste generated from these sectors. IT and telecommunication equipment often contain many materials, including metals, plastics, semiconductors, and electronic components. Proper disposal and recycling of these materials require specialized processes to recover valuable resources and manage hazardous substances safely.
Full Report: https://www.kbvresearch.com/e-waste-disposal-market/
The Asia Pacific region dominated the Global E-waste Disposal Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $70.7 billion by 2031. The North America region is anticipating a CAGR of 13% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 13.2% during (2024 - 2031).
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