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.
Full Research
Report On e-waste marketAnalysis: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.
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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
o
Copper
o
Steel
o
Others
·
Plastic
·
Glass
·
Others
E-waste
Management Source Outlook (Volume, Million Metric Tons, 2014-2025)
·
Industrial Electronics
o
IT & Telecom Equipment
o Datacenters
o Networking Cards/Equipment
o Digital Boards
o Others
o
Medical Equipment
o Monitoring And Control Equipment
o Others
·
Consumer Electronics
o
Household Appliances
o Refrigerator
o Television
o Others
o
Handheld Electronics
o Smartphones
o Tablets
o Wearables
o Others
o
IT Accessories
o Keyboards
o Mice
o Laptop Cases
o USD Memory Sticks
o Others
o
IT Equipment
o Desktops
o Laptops
o Netbooks
o Others
o
PCBs
o High-grade
o Medium-grade
o Low-grade
·
Others
Application
Outlook (Volume, Million Metric Tons, 2014-2025)
·
Disposal
o
Reuse
o
Landfill
o
Incineration
·
Recycle
Regional
Outlook (Volume, Million Metric Tons, 2014-2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
o
Italy
o
Spain
o
Norway
o
Sweden
o
Switzerland
o
Austria
o
Belgium
o
Netherlands
o
Ireland
·
Asia Pacific
o
China
o
India
o
Japan
o
Taiwan
o
South Korea
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
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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.
For
more information: www.grandviewresearch.com/
