Global E-Waste Management Market Report Foresees Market Value To Cross USD 27.1 BN By 2026
Posted On January 14, 2020
As per the report on the Global E-Waste Management Market published by Value Market Research, the market had a value close to USD 19.3 BN in 2019 and is anticipated to reach USD 27.1 BN by 2026 with a CAGR of 5.4% within the forecasted period within 2020-2026. The market has been growing rapidly owing to the growth in demand for electronic appliances that are leading to the generation of a large amount of e-waste. The growing health hazards such as kidney problems and breathing & respiratory problems due to the improper disposal of e-waste is another factor that is propelling the market demand. Also, the reduction in the lifespan of electronic devices has created a tremendous demand for proper e-waste management. the strict regulations on e-waste management coupled with the rising awareness regarding health hazards are also pushing the market growth positively.
Electronic waste or e-waste is a term that is used to refer to discarded electronic devices or components such as computers, mobile phones, refrigerators and cathode-ray tubes that are responsible for emitting hazardous compounds when incinerated. This has led to the need for the management of proper e-waste disposal. E-waste management refers to the process of recycling or disposing components like metals, glass, plastic and other such nonmetal particles from junk electronic appliances. There are various side effects of toxicity of e-waste like chronic damage to the brain, DNA damage, neural damage and also disrupts the endocrine system.
The report “Global E-Waste Management Market Report By Product (Trashed And Recycle), By Source (Household Application, IT & Telecommunication, Consumer Electronics And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market analysis, dynamics and an outlook on the competitive landscape of the global e-waste management market.
By product, trashed and recycle are the classifications of the global e-waste management market where trashed products have emerged as the leading segment owing to the high penetration of advanced technology further leading to the rapid adoption of innovative electronic gadgets and replacements old gadgets with new ones. Also, the shorter lifespan of technologies and the high cost of repairing have supported the trashing of electronic products. By source, household applications, IT & telecommunication and consumer electronics are the segments of the global e-waste management market. Household appliances have dominated this segment by accounting for the highest market shares. The increase in sales of refrigerators, cameras, air conditioners, home entertainment systems, washing machines and other such consumer electronics are driving the segment growth.
The regional segments of the global e-waste management market are North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific has reportedly led this segment. The rise in the demand for smartphones, laptops and other such electronic devices is driving the market growth in this region. Also, the favourable initiatives taken by the government on e-waste management, recycling, and extraction of metals hazardous for humans and the environment is again boosting the regional market growth.
The Report Segments Global E-Waste Management Market -
- Household Application
- IT & Telecommunication
- Consumer Electronics
Players Profiled In the Report:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Enviro-Hub Holdings Ltd., Sims Recycling Solutions and Umicore among others.
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