In 2016, it was predicted that there were 44.7 million metric tonnes of electronic garbage in the world. From 2018 to 2024, a CAGR of 20.2% is anticipated. The adoption of novel technologies is accelerating due to the increased urbanisation and industrialisation occurring in both developing and established nations. The Internet of Things (IoT) and other technologies are encouraging the usage of electronic devices in almost all aspects of daily life. The industry will therefore be driven by the predicted considerable amount of garbage generated as a result of the expansion of electronic gadgets.
Many rules and policies are being put into place by governments all over the world to manage e-waste efficiently. For instance, the Ministry of Environment, Forests and Climate Change in India has legislated that producers of electronic devices be accountable for recycling and lowering the amount of e-waste in the nation. A number of other strategies are also being used, such as the use of renewable resources, adjustments to the production process, and eco-friendly packaging alternatives, to reduce the amount of e-waste.
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Insights on Processed Materials
The market has been divided into metal, plastic, glass, and other categories based on processing materials. Other materials include ceramics, rubber, wood, plywood, and concrete. In 2016, the metal industry held the largest market share. Over the forecast period, a CAGR of over 4.0% is anticipated. Components used in electronic and electrical products include conductive metals, metal solders, and metal tracks. Due to the fact that almost every component, printed circuit board (PCB), and microcontroller is made of metal, this market is anticipated to develop at the fastest rate throughout the forecast period.
insight into sources
In 2016, the consumer electronics industry contributed the most to the e-waste management market. Through 2025, the tendency is anticipated to continue. Household appliances, portable electronic gadgets, IT accessories, IT equipment, and PCBs are some subcategories of consumer electronics. The main factor driving the demand for consumer electronics has been the widespread acceptance of the aforementioned products in the household and business sectors.
The market can be divided into two segments based on application: recycling and disposal. In 2016, the market was controlled by the disposal segment. There are three methods for getting rid of electronic waste: landfilling, recycling, and burning. However, it has been found that both landfilling and incineration significantly harm the environment and human health. Reuse, on the other hand, is an affordable and sustainable way to lower the production of electronic waste globally.
In 2016, Asia Pacific was at the forefront of the field. The forecast period is expected to see the region grow at a CAGR of about 6.0%. One of the main development drivers for the industry in the region is the combination of rising disposable income in established and developing economies with the rising adoption of electronic devices. Additionally, industrialised nations like the United States and the United Kingdom export a sizeable portion of the e-waste they produce to Asian nations, which is expected to bode well for the region’s industry throughout the forecast period.
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- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa