The term “e-waste management” describes the process of gathering, recycling, and getting rid of electronic garbage, which includes obsolete electronics including computers, cell phones, televisions, refrigerators, and other home appliances. E-waste is one of the waste streams with the quickest rate of growth in the world due to the quick development of technology and the rise in the use of electronics. Since many electronic equipment include dangerous substances like lead, mercury, and cadmium, improper e-waste disposal can have serious negative effects on the environment and human health. Recovering valuable resources, reducing environmental impact, and promoting sustainable practices are the goals of effective e-waste management. Efficient recycling and waste management systems are urgently needed in Saudi Arabia to handle the growing volume of discarded electronics brought on by urbanisation, population growth, and technological improvements.
According to SPER Market Research, ‘Saudi Arabia E-Waste Management Market Size- By Material, By Source Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Saudi Arabia E-Waste Management Market is estimated to reach USD XX billion with a CAGR of 7.31%.
Drivers: Rapid technological improvements are driving the Saudi Arabian e-waste management market by causing frequent updates and shorter device lifecycles, which greatly increase the amount of e-waste. A growing population and increasing urbanisation led to increased electronic usage and trash production. The creation of the Saudi Investment Recycling Company (SIRC) and Vision 2030 are two examples of government-led programs that prioritise sustainable practices and the growth of a circular economy. The market has also been driven by a rise in environmental consciousness among companies and the implementation of more stringent laws to restrict the use of landfills. Furthermore, Saudi Arabia’s expanding telecom and IT sectors have increased the generation of e-waste, which calls for effective management and recycling systems to lessen environmental damage.
Restraints: One of the many issues facing Saudi Arabia’s e-waste management industries is the absence of suitable infrastructure for collection and recycling, which results in inappropriate disposal practices and harm to the environment. Valuable e-waste materials are illegally exported and scavenged, undermining regional recycling initiatives and decreasing resource recovery. The issue is made worse by a lack of public knowledge regarding the significance of properly disposing of e-waste, since many customers throw away devices without taking into account their effects on the environment and human health. Strong recycling systems are also hampered by logistical and financial obstacles. In addition, the informal sector’s processing of e-waste frequently leads to ineffective techniques that discharge dangerous materials, endangering the ecosystem and public health.
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Impact of COVID-19 on Saudi Arabia E-Waste Management Market
The e-waste management market in Saudi Arabia was impacted by the COVID-19 epidemic in two ways. On the one hand, it resulted in a rise in e-waste since people relied more on electronic gadgets for amusement, online learning, and distant work during lockdowns. However, e-waste collection, transportation, and processing were hampered by supply chain and recycling operations, which resulted in a rise in stockpiling and inappropriate disposal. Due to operational constraints and labour shortages, recycling programs experienced severe slowdowns. The pandemic highlighted the need for robust waste management systems that can adjust to abrupt spikes in the production of e-waste while maintaining collection and processing continuity even in emergency situations.
Saudi Arabia E-Waste Management Market Key Players:
Saudi Arabia’s E-Waste Management market is dominated by Riyadh region due to their large populations and high rates of electronic device consumption. Some of its key players are- Al-Qaryan Group, Arabian Environmental Science Ltd. (ARESL), Averda, Bee’ah, Blue Eco Waste Management.
For More Information, refer to below link: –
Saudi Arabia E-Waste Management Market Share
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