E-Waste Management Market set to reach USD 58.0 Billion by 2021

SPOKANE (Scrap Monster): Zion Research has published a new report titled “E-Waste Management Market by Type (Trashed and Recycle), by Source (Household Appliances, IT & Telecommunications, Consumer Electronics and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, global demand for e-waste management was valued at USD 17.0 billion in 2015, and is expected to reach USD 58.0 billion in 2021, growing at a CAGR of 22.7% between 2016 and 2021. In terms of volume, the global e-waste management market stood at 86.40 million tons in 2015.

The informal name for electronic products approaching the end of their useful life is nothing but the e-waste. E-wastes are judged as dangerous components of electronic products. The perilous content of these materials cause a threat to human health and environment. The e-waste includes the components such as discarded computers, stereos, refrigerators, fax machines, televisions, electric fans, VCRs, cell phones and batteries. Several of these products can be reutilized and recycled so that they are less harmful to the ecosystem.

Recycled and trashed are the main two types of global e-waste management market. The trashed was dominated type of global e-waste management market in 2015. It accounted over 55.0% shares of the entire volume consumption and further it is also expected to remain the dominant segment over the coming years due to the high penetration of advancing technology across the globe.

Based on source, the global e-waste management market is segmented into household appliances, IT & telecommunications, consumer electronics and others. Among all these, the household appliances were the leading source segment of global e-waste management market. It accounted more than 30.0% shares of the overall market in 2015. In addition, IT & telecommunications was the second largest source segment in the same year and further it is predicted that IT & telecommunications will be dominating segment due to adoption of latest technology, changing lifestyle coupled with growing disposable incomes across the globe. Consumer goods segment is also an important outlet that is expected to have a moderate growth during the years to come.

In term of region, North America held as a dominating regional market of e-waste management. It accounted around 33.0% share of the total revenue generated in 2015. North America was followed by Europe in the same year. Furthermore, Asia Pacific is a fastest growing regional market for e-waste management. According to government accountability office, China purchase 5 million new computers and 10 million new televisions annually. Hence, the growth in e-waste management market is foreseen in India and China over the years to come.

Some of the key players involved in global e-waste management market include CRT Recycling Incorporation, Umnicore, MBA Polymers Incorporation, SIMS Recycling Solutions, LifeSpan Technology Recycling Incorporation, Enviro-Hub Holdings Limited and Electronic Recyclers International Incorporation.

Courtesy: www.newsmaker.com.au