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.
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
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.
