San Francisco, 29 January 2019: The Report E-waste Management Market Size, Share & Trends Analysis Report By Processed
Material (Metals, Plastic, Glass), By Source (Industrial, Consumer), By
Application (Disposal, Recycle), And Segment Forecasts, 2018 - 2025
The global e-waste 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.
Access Research Report of E-waste
Management Market @ 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.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/electronic-devices
Grand View Research has
segmented the global e-waste management market on the basis of processed
material, source, application, and region:
E-waste Management Processed Material
Outlook (Volume, Million Metric Tons, 2014-2025)
·
Metal
·
Plastic
·
Glass
·
Others
E-waste Management Source Outlook (Volume,
Million Metric Tons, 2014-2025)
·
Industrial Electronics
·
Consumer Electronics
·
Others
Application Outlook (Volume, Million Metric
Tons, 2014-2025)
·
Disposal
·
Recycle
Regional Outlook (Volume, Million Metric
Tons, 2014-2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
E-waste Management Market@ www.grandviewresearch.com/press-release/global-e-waste-management-market
About Grand View Research
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment