The
global E-Waste Management Market generated
is expected to reach 63.705 million metric Tons by 2025, according to a study
conducted by Grand View Research, Inc. The rising disposable income in
developing countries coupled with consumer’s inclination toward technologically
advanced gadgets have resulted in the significant sales of electronic devices
across the globe, thereby driving the e-waste management market.
Furthermore,
with the increasing use of electronic devices across the world, the amount of
waste generated has also substantially increased over the years. The disposal
of e-scrap has become a key concern for developing as well as developed
economies since health hazards associated with e-scrap landfill and
incineration are considerable. Hence, the need to manage and recycle this waste
is expected to emerge as a primary need for numerous nations worldwide, which,
in turn, is expected to positively impact the growth of the e-waste management
market over the next nine years.
Additionally,
a majority of nations across the globe have regulated electronic scrap
generation and their treatment procedures. For instance, the European Union
(EU) has authorized all electronic goods manufacturers to undertake the
responsibility for the treatment of end-of-life products. A few of these
regulations include the Restriction of Hazardous Substances Directive (RoHS),
the Basel Convention, and the Waste Electrical and Electronic Equipment
Directive (WEEE), among others. Waste management initiatives and programs also
help in job creation and imparting technological knowledge, thus aiding in
poverty alleviation and enhanced health conditions.
However,
high costs associated with e-waste recycling are expected to hinder the market
growth. Moreover, the procurement of high-end machinery to effectively recycle
the scrap coupled with instructing the workers about the meticulous execution
of every step remain to be the major hurdles in the growth of the e-waste
management market. However, increasing the awareness about the hazardous
effects of e-waste on human health along with strict regulations concerning the
generation and treatment of e-waste in a majority of countries are expected to
reduce the effect of these challenges over the forecast period.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/e-waste-management-market
https://www.grandviewresearch.com/industry-analysis/e-waste-management-market
Further key findings from the study suggest:
- The global
e-waste management market stood at 44.69 million metric tons in 2016.
Increasing government regulations regarding adequate e-scrap treatment
along with increasing mid-income population in developing economies
- The metal
segment accounted for the highest market share in 2016. Electronic
components are mainly made up of metals that are used for various purposes
such as tracks in PCBs and peripheral equipment, which, in turn, is
anticipated to drive the segment growth over the forecast years.
- The consumer
electronics segment held the highest market share in 2016. The rising
disposable income coupled with falling prices of consumer electronics are
key reasons that are positively affecting the consumer electronic market.
- The disposal
segment held the highest market share in 2016. However, the recycling
segment is anticipated to grow at a substantial CAGR of over 3.0% owing to
programs undertaken by numerous governments and NGOs that focus on
effective collection, treatment, and recycling of e-scrap.
- Prominent
market participants include Electronic Recyclers International, Inc.,
Enviro-Hub Holdings Ltd., MRI (Australia) Pty Ltd., Sims Recycling Ltd.,
Umicore S.A., and Waste Management, Inc., among others.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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