E-Waste Management Market 2019
Description: –
With rapid industrialization and urbanization in developed as well as developing economies, the adoption of novel technologies is attaining momentum. Technologies, such as Machine Learning and the Internet of Things (IoT) are leading to an increased usage of electronic devices. Therefore, the growing proliferation of electronic devices is anticipated to result in a considerable amount of E-waste generation, thereby driving the E-Waste management market growth. Surging health hazards, including kidney damage, bronchitis, and Wilson’s disease, due to the insufficient discharge of toxic materials from electronic incineration and scrap, are expected to strengthen the demand for efficient E-Waste management and scrap management techniques.
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Key Players Included in This Report:
Aurubis Ag
Electronic Recyclers International, Inc.
Sims Metal Management, Ltd.
Umicore S.A.
Boliden Ab
Mba Polymers, Inc.
Stena Metall Ab
Enviro-Hub Holdings Ltd.
Global Electric Electronic Processing Inc.
Tetronics International Ltd.
The global E-Waste management market was valued at US$1600 million in the year 2014 and US$2912 million in the year 2018 and is now expected to account for US$7250 million by the end of the year 2023, prospering at a CAGR of 22.09%. The presence of some valuable metals, such as platinum, silver, gold, and gallium makes E-Waste management and electronic scrap recycling an extremely feasible and attractive option. All these factors are expected to positively influence the E-Waste management market growth. Furthermore, the surge in the income of people residing in developing economies and shifting consumer preferences towards E-waste management has resulted in the timely replacement of traditional versions of electronic products with the newer, and more efficient version. This factor, in turn, is expected to strengthen the sales of energy-efficient electronic devices.
Also, electronic device manufacturers have started following sustainable disposal practices in order to effectively manage electronic devices during their end-of-life period. Some manufacturers have started adopting the valuable take-back disposal policy. All these factors are foreseen to drive the E-Waste management market growth in the coming future. Government organizations across the world are undertaking several initiatives and implementing numerous policies and regulations to effectively promote E-Waste management practices. Additionally, several other procedures are being conducted to minimize electronic waste generation, including the usage of renewable production materials, advancement and modifications in the production procedure, and green packaging alternatives.
Market Segmentation
The global E-Waste management market can be analyzed on the basis of product types, industry verticals, and distribution channels. Based on product types, the E-Waste management market can be segmented into-
Metal(Copper, Steel, and Others)
Plastic
Glass
Based on the end-user industries, the E-Waste management market can be segmented into-
Household Appliances( Refrigerator, Television, and others)
Entertainment
Consumer Electronics( Smartphones, Tablets, Wearables, and others)
Industrial Electronics
IT And Telecommunication(Data centres, Networking Cards/Equipment, Digital Boards, and others)
Based on the distribution channel, the E-Waste management market can be segmented into-
Direct Sales
Distributor
Based on applications, the E-Waste management can be further classified into electronic disposal (Reuse, Landfill, and Incineration) and recycling.
Regional Overview
North America, South America, Asia Pacific, Europe, and the Middle East and Africa are the major regions driving the growth of E-Waste management market. The Asia Pacific is the prominent market for E-Waste management. Increasing the disposable income of consumers in developing countries coupled with the rising adoption of electronic devices is one of the primary growth stimulants for the E-Waste management market in the Asia Pacific region. Also, the developed regions such as the United States and the U.K. have started exporting a considerable amount of e-waste generated by them to the Asia Pacific countries, which is further projected to strengthen the growth of the Asia Pacific E-Waste management market. The Middle East and African E-Waste management markets are expected to witness significant growth in the near future.
Industry News
The Andhra Pradesh Pollution Control Board in an attempt to effectively bridge the gap between the recyclers and consumers, has decided to establish a call centre for directing consumers with proper E-waste management techniques and connecting them with the recyclers. The E-waste collection and recycling agencies will be connected to the call centre and will be constantly monitored by the PCB.
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Table of Contents – Major Key Points
- E-Waste Management Definition
- Global E-Waste Management Market Major Player Share and Market Overview
- Major Player E-Waste Management Business Introduction
- Global E-Waste Management Market Segmentation (Region Level)
- Global E-Waste Management Market Segmentation (Type Level)
- Global E-Waste Management Market Segmentation (Industry Level)
- Global E-Waste Management Market Segmentation (Channel Level)
- E-Waste Management Market Forecast 2018-2023
- E-Waste Management Segmentation Type
Continued….
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