E-Waste Management Market Booms

SEATTLE (Scrap Monster): InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-Waste Management Market Size, Share & Trends Analysis Report Report By Processed Material (Metal, Plastic, Glass, Others), By Source (Industrial Electronics, Consumer Electronics, Other), By Application (Disposal, Recycle),- Market Outlook and Industry Analysis 2034"

The global E-waste management market is estimated to reach over USD 74.1 Billion by the year 2034, exhibiting a CAGR of 14.4 % during the forecast period.

The rising disposable income among the middle-class population in emerging economies, coupled with evolving consumer preferences, is driving the accelerated replacement of outdated electronic products with newer, advanced models. This trend is contributing to increased sales of electronic devices. In response, manufacturers are adopting environmentally responsible end-of-life management practices, including take-back programs and other sustainable disposal methods. These initiatives are anticipated to support market growth over the forecast period.

Moreover, governments across the globe are introducing regulatory frameworks and policies aimed at the effective management of electronic waste. For instance, in India, the Ministry of Environment, Forest and Climate Change has mandated that manufacturers of electronic equipment implement recycling practices and actively work to reduce e-waste generation. Additional efforts-such as incorporating renewable materials, optimizing industrial processes, and adopting eco-friendly packaging-are also being pursued to further minimize the environmental impact of electronic waste.

Courtesy: www.openpr.com