E-Waste Management
Think your old phone or laptop is just junk? Think again. E-waste holds gold, silver, and other precious metals. Recycling it can cut costs, reduce emissions, and unlock huge business opportunities. Discover how the global e-waste boom is reshaping our world.
E-waste contains unique and precious metals, including silver, gold, palladium, platinum, indium, and gallium. These scarce elements are widely used in producing consumer electronics and IT and communication devices.
Due to the scarcity of these metals, their products' prices are also high. This has increased the need to reuse, refurbish, and recycle devices made from metals. Thus, these issues indeed force manufacturers of electronic devices to look for raw materials from recycled e-waste. This also benefits nations in reducing greenhouse gas emissions and helps reduce global warming hazards.
E-Waste Management Market Statistics: 2028
Ever-increasing demand and scarcity of rare metals have been leading to a rapid rise in prices of these metals. Such metals need to be recovered from e-waste for reuse in another production. For instance, from the e-waste generated by one million mobile phones, around 250 kg of silver, 24 kg of gold, and 9 tons of copper can be recovered.
The global e-waste management market size was valued at $50 billion ($49,880 million) in 2020 and is projected to reach $143 billion ($143,870 million) by 2028, registering a CAGR of 14.3% from 2021 to 2028. This also benefits manufacturers to produce electronic devices with lower cost and…
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