In the recent trend, the electronic industry is largest across the globe and fastest increasing manufacturing industry. Today, electronic-waste has attached exponentially as the usage of the electronics and electronic gadgets have augmented. Electronic such as televisions, fridges, washing machines, mobile phones, computers, digital cameras, dryers, home entertainment systems and several others. Therefore, e-waste is augmenting and with it, the concern related the disposable and recycling of this waste. Furthermore, many of the players in this market are doing the significant developments in the technology for increasing the potential of the product and rising the demand and efficiency of the product which further proved to be benefitted for increasing the value of market share across the globe more positively with the handsome amount of share in the coming years more positively.
According to the report analysis, Global E-Waste Management Market Size Study, by Material Recovery (Metals, Plastic, and Glass), by Source type (Household Appliances, Entertainment & Consumer Electronics, and IT & Telecommunication) and Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2017-2025 (USD Billion/Million)’ states that there are several key players which are recently functioning in this market more actively for leading the fastest market growth and dominating the highest value of market share across the globe in the coming years while replacing the older versions of an electronic product with the newer version and increasing the awareness regarding the applications of the product for booming up the sales of the electronic devices includesMBA Polymers Inc., Umicore S.A., TES, Tetronics Ltd., Aurubis AG, Stena Technoworld AB, Sims Metal Management Ltd., Boliden Grroup, Ecomation and several others. Moreover, many of the players in the market are amalgamated with the IT companies for increasing the potential and applications of the product more positively which further benefitted for increasing the amount of profit and leading the fastest market growth more significantly around the globe throughout the forecasted period.
Global E-Waste Management Market industry valued around USD 2.42 billion in 2016 is anticipated to increase with a healthy growth rate of more than 21.47% over the forecast period of 2017-2025.Moreover, the global market of e-waste management is segmented into different sectors which extremely includes material recovery, source type and regions. Whereas, based on the material recovery the market is further split into metals, plastics, and glass while, basis on the source type, the market is sectored into entertainment and consumer electronics, IT and Telecom and household appliances. Nonetheless, on the basis of region, the market is spread around the globe which includes North America, Europe, Asia Pacific, Latin America and Rest of the World.
Additionally, it is anticipated that the Asia Pacific region is leading the market growth more significantly with the effective development in the technology. However, the major factors propelling the market growth are the competence to recover and recycle materials like plastic, metals comprehensive of both non-ferrous and ferrous metals, plastic, ceramic and wood.Therefore, in the near future, it is anticipated that the market of e-waste management will increase around the globe more efficiently over the recent few years.
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Ankur Gupta, Head Marketing & Communications