E-Waste Management Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020
The need for recycling of electronic products to mitigate environmental contamination serves as a driving force for the e-waste management market over the coming years. New gadgets and appliances are being launched at a fast pace owing to the substantial advancements in technology. Older versions of products are being replaced by their upgraded counterparts at a rapid rate and rise in purchasing power of consumers has led to decrease in shelf life of such products. Electronic goods are composed of several toxic materials such as mercury, arsenic, cadmium, lead and flame retardants. For More Information on "E-Waste Management Market Research Reports" visit - http://www.grandviewresearch.com/industry-analysis/ewaste-management-market
These toxic substances seep into the environment as a result of accumulation of e-waste. The global e-waste volume is expected to rise by 30% from 2013 to 2017 according to the United Nations Step Initiative. Thus, e-waste management becomes a growing concern for environmental safety. Developed nations such as the U.S. and UK offer enormous monetary benefits to backward countries in Asia and Africa for accepting e-waste. The demand for e-waste management has been augmented by the need for efficient recycling and reuse of electronic products to minimize the health hazards caused by seepage of toxic materials into the environment. Decreasing shelf life of electronic goods, health issues and regulations mandating e-waste management are some of the key drivers for the market’s growth. However, high cost of recycling coupled with the lack of awareness and collection centers may restraint market growth.
The increased business for certified companies and viability of an entrepreneurial venture are some of the opportunities for the e-waste management market.The methods of disposal of e-waste include land filling, reuse, incarceration and recycling. The e-waste management market can be segmented on the basis of source of waste which includes IT & telecom, home appliances and entertainment devices. E-waste management helps in job creation and improved health conditions. Key players in the e-waste management market include E-Waste Systems, Desco Electronic Recyclers, MRI (Australia) Pty Ltd., Electronic Recyclers International, E-Waste Harvesters, Sims Recycling Ltd., Electronic Waste Management and Waste Management Inc.
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