Global E-Waste Management Market is expected to reach $58.20 million by 2022 growing at 18.90% CAGR during 2016-2022

E-waste management market is becoming a significant part for maintaining both recycling and reducing e-waste material all over the world. There is an increasing focus on high investments by government. The companies are also engaged in various technological up gradations to experience high growth in near future by installing miniaturized devices and cloud based systems which helps in development of pervasive new technologies. The major reason behind the shortened life cycle is due to rising buying rate of new cell phones among consumers like Americans buy new cell phones in every 18 months, Japanese buy them in every 9 months and Europeans buy the in every 15 months. Therefore, Adoption of new technological products immensely affects the product life cycle. Rapid innovation is another factor which adversely affects the product life cycle.

“The global e-waste management market was estimated to grow around $43.90 million in 2015 and is now expected to reach $58.20 million by 2022 growing at 18.90% CAGR during 2016-2022.” notes OBRC analyst Shivang Sharma.“ Past few years have brought significant growth in e-waste management market due to shortened electronics product life cycle and availability of valuable substance in e-waste. E-waste is considered as major source of useful material for economic benefit in recovery of plastics, copper, aluminium and other precious metals like gold, platinum, silver, lead, cadmium and mercury etc.

In developing and developed regions, the governments are also focusing on the e-waste management both for recycling and reducing e-waste in the country. This rising government support to the e-waste is acting as a boom for the industry and helping the companies to reach the masses. E-waste management market are also used in various industries such as government, healthcare, household appliances and so on. The global e-waste management market is expected to grow in near future due to increasing amount of e-waste generated every year.

Shortened electronic product’s life cycle in the e-waste management market
E-waste management market is becoming a significant part for maintaining both recycling and reducing e-waste material all over the world. There is an increasing focus on high investments by government. The companies are also engaged in various technological up gradations to experience high growth in near future by installing miniaturized devices and cloud based systems which helps in development of pervasive new technologies. The major reason behind the shortened life cycle is due to rising buying rate of new cell phones among consumers like Americans buy new cell phones in every 18 months, Japanese buy them in every 9 months and Europeans buy the in every 15 months. Therefore, Adoption of new technological products immensely affects the product life cycle. Rapid innovation is another factor which adversely affects the product life cycle.

Asia Pacific region is forecasted to be the fastest growing region for e-waste management market
Asia Pacific region is considered as fastest growing region for e-waste management market due to emerging economies of India, China, and Japan etc. Increasing focus of key players towards the region is due to rising concern of government for recycling and reducing e-waste in the country. The another major factor which helps in boosting the e-waste management market in Asia Pacific region is the high adoption of technological advancements in electronics products like computers, mobile phones, laptops and so on.

Illegal dumping of e-waste by developing countries
Illegal dumping of e-waste by developing countries is the major challenge for e-waste management market. The main reason behind the illegal dumping of e-waste is due to new technological advancements and increasing demand for new products among consumers. In the US, consumers throw away 400 million electronics product every year. And those products are shipped to developing countries and illegally processed for recovering precious metals which majorly affects the environment by polluting air and other toxins.


Contact Details

Company Name: Occams Business Research & Consulting Pvt. Ltd.
Issued By: Occams Business Research
Phone: 0731 2575400
Address: indore
City: Indore
State: M.P
Zip: 452001
Country: India
Website: Visit the website

Keywords : ICT, ICT Services, Electronic waste,

by Occams Business Research (few months ago!)

Latest Press Releases

Global Molybdenum Powder Market by Manufacturers, Countries, Type and Application, Forecast t..

Hypercholesterolemia Market Professional Survey Report 2023 Emerging Opportunities

Digital Forest Interactive Offers Three Bespoke SEO Plans

Through Hole Resistor Market : Growth, Demand and Key Players to 2027

Don’t Miss These Aspects Of Hiring Home And Bedroom Cleaning Services

Global LED Obstruct Lighting Market by Manufacturers, Countries, Type and Application, Foreca..

Fosfomycin Calcium Market 2023 Trends, Challenges and Growth Drivers Analysis

Software Defined Video Networking Market Volume Analysis, Segments, Value Share and Key Trend..

Stages an animated video goes through before it gets life

Buy Prescription Drugs From The Best Online Drug Store In Canada

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.