Global E-waste Management Market predicted to grow massively until 2022

ALBANY (Scrap Monster): The latest report released by Occams Business Research & Consulting states that global e-waste management market is likely to grow rapidly during the period from 2016 to 2022. The report titled ‘Global E-Waste Management Market Insights, Opportunity Analysis, Market Shares and Forecast 2016-2022’ expresses concerns over mounting electronic waste and notes that the rising e-waste volumes have become a major challenge for developed and developing countries.

According to the report, advancements in quality of life and innovation of new communication devices have led to significant explosion of electronic devices. The use of mobile phones has witnessed tremendous surge during the past few years. The evolution of new technology makes the devices obsolete. Consumers are generally interested in newer devices, which make them discard the old devices, which are mostly in working condition. The transformation to the latest technology has resulted in reduced life span of electrical and electronic items, which serves as a major driver of the global e-waste management market.

Currently, most of the electronic waste ends up in landfills. For instance, nearly 3.4 million tons of consumer electronics are scrapped each year. Out of these 3.4 million tons, only 25% is recycled, whereas the remaining 75% is disposed, mainly into landfills. The e-waste management market lacks efficient and cost-effective reprocessing technology to recover valuable materials with minimal environmental impact. For ages, this has been a major restraint for the e-waste market. However, various governments across the world have now undertaken numerous initiatives to develop recycling infrastructure towards effective management of electronic and electrical waste.

The e-waste from developed countries is mostly exported to developing nations in Asia and Africa. As per BAN estimates, the US exports between 314,000 and 376,800 tons of e-waste every year. The e-waste thus landing in developing nations is mostly handled by informal recyclers who often practice unethical ways of recycling. This could lead to release of numerous toxic substances including lead, mercury, cadmium and other chemicals that could endanger human life. Incidentally, China is the world’s largest importer of e-waste.

The report ‘Global E-Waste Management Market Insights, Opportunity Analysis, Market Shares and Forecast 2016-2022’ segments the global electronic waste management market on the basis of raw material, i.e., metal, plastic, glass and other materials. Of these, metals form the largest part.

The top 30 players in the global e-waste management market are profiled in the report. The major companies profiled include Aurubis AG, Electronic Recyclers International, Inc., SIMS Metal Management, Ltd., Umicore S.A., Boliden AB and MBA Polymers, Inc.

The report also provides tabular data on e-waste management market by components and source, e-waste metal, plastic, glass components market by type and geography. The other tables and forecasts that are part of the report include North America, Asia Pacific, Europe and Rest of the World e-waste market during 2014-2022. It also provides detailed analysis of shipments of consumer electronics from the US during 2011 to 2016.

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