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Market value of E-Waste Management market in Italy (2017 - 2025, USD Millions)

Industry: Environment & Waste Management
Current: Market Sizing & Shares

The Market value of E-Waste Management market in Italy reached USD 610.26 Millions in 2020
The indicator recorded a historical growth (CAGR) of ...
GlobalData projects the indicator to grow ...

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Market value of E-Waste Management market in Italy (2017 - 2025, USD Millions)

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The rapid pace of technological development coupled with growing consumer demand means that many devices become unusable or technologically irrelevant, or outdated only after a few years of use. As such, electronic waste is now one of the world’s fastest-growing sources of waste.

E-waste or Electronic waste includes the waste that is generated when electrical and electronic equipment becomes unfit or outdated for their originally intended purpose. E-waste is mainly made up of but not limited to plastics, metals, printed circuit boards, cathode ray tubes (CRTs), cables, etc. If scientifically processed, E-Waste can deliver steady salvage value as valuable metals such as copper, silver, gold, and platinum could be recovered from the same. On the flip side, electronic waste poses a huge risk to humans, animals, and the environment because of the presence of heavy metals and highly toxic substances such as mercury, lead, beryllium, cadmium, etc.

The market for electronic waste management is expected to grow at a rate of more than 14% during the period 2021-2038. Italy is one of the market leaders in the electronic waste management industry, along with the United Kingdom, Germany, China, and France among the top five countries.

Italy’s electronic waste management market was valued at $647 mil in 2021, processing over 3,419 thousand tonnes of waste. The market grew at a compounded annual growth rate of 5.6% between 2017 and 2021, with underlying market volume growth of 5.1% during the same period.

Governments and industry regulators need to adopt effective strategies to encourage re-use, refurbishing, or recycling e-waste in dedicated facilities to prevent environmental contamination and human health risks. The Basel Action Network (BAN) has set some guidelines and policies aimed to ensure that e-waste is dealt with in an eco-friendly manner, reducing the incidence of toxic waste trade around the world. Additionally, the ‘EU Waste from Electrical and Electronic Equipment (EU WEEE) directive imposes collection, recovery, and recycling targets on all its member countries. All member countries have adapted these targets and guidelines in their regional policies to facilitate the effective management of electronic waste.