E-waste Management Industry Overview The global e-waste management market size was estimated at 44.7 million metric tons in 2016. It is projected to register a CAGR of 4.1% from 2017 to 2025. With rapid urbanization and industrialization in developing as well as developed economies, adoption of novel technologies is gaining momentum. Technologies such as the Internet of Things (IoT) are leading to use of electronic devices in practically every human activity. Therefore, proliferation of electronic devices is expected to lead to a significant amount of waste generation, thereby driving the market. Gather more insights about the market drivers, restrains and growth of the Global E-waste Management Market Rising health hazards such as bronchitis, kidney damage, and Wilson’s disease, due to inadequate discharge of toxic materials from electronic scrap and incineration, are augmenting the need for efficient scrap management techniques. Furthermore, the presence of precious metals such as gold, silver, platinum, and gallium makes electronic scrap recycling an attractive and feasible option. These factors are poised to positively influence market growth. Furthermore, widening base of middle-income population in developing economies and shifting consumer preferences are resulting in rapid replacement of older versions of an electronic product with a newer version. This, in turn, is boosting the sales of electronic devices. Moreover, electronic device manufacturers follow sustainable disposal practices in order to adequately manage electronic devices at their end-of-life period, such as take-back policy. Such factors are anticipated to work in favor of the market during the forecast period. Governments across the globe are implementing numerous regulations and policies to effectively manage e-waste. For instance, in India, the Ministry of Environment, Forests and Climate Change has mandated that electronic device manufacturers are responsible for recycling and reducing e-waste in the country. Additionally, several other methods are being implemented to minimize e-waste generation, including use of renewable materials, production process modifications, and green packaging options. Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
E-waste Management Market Segmentation 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)
Key Companies profiled: Some prominent players in the global E-waste management market include
Order a free sample PDF of the E-waste Management Market Intelligence Study, published by Grand View Research.
0 Comments
Leave a Reply. |
Archives
October 2022
Categories |