Global E-waste market to grow at CAGR of 10.7% between 2014 and 2019

SPOKANE (Scrap Monster): The most recent research report added by WiseGuy Reports to its repository suggests that obsolete electronics products may continue to pose huge threat in the years to come. The report titled ‘Global E-waste Management Market’ forecasts the global e-waste market to grow at a compound annual growth rate (CAGR) of 10.7% from 2014 to 2019.

The report highlights that electronics waste has emerged as one of the fastest growing waste streams in developed and developing nations. The reduced lifespan of electrical and electronic products coupled with the rising trend to replace old electronic gadgets with the technologically advanced devices is likely to add tonnes of e-waste across various regions.

The study conducted under the initiative of the United Nations had revealed that approximately 50 million tons of e-waste was produced by world nations during the entire year 2012. The e-waste generated by China during 2012 had totaled 11.1 million tons, followed by the US with nearly 10 million tons. The UK region had generated nearly 1.3 million tons of e-waste during the year.

The developing countries stand ahead of developed nations when it comes to recycling of electronics. This is mainly because much of the electronics waste from developed countries is exported to emerging countries. North America has turned out to be the leader in exporting discarded electronics to Asian countries, especially China and Japan.

The report also mentions the several e-waste recycling efforts initiated by various government agencies across the globe. In addition, key market players have devised innovative techniques to reduce pollution and environmental hazards caused by discarded electronics. The ‘OptiPlex 3030’ computer designed by Dell, made of plastics obtained from recycled electronics, is an outcome of such efforts.