Market Research Report
Asia Pacific E-waste Management Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||972339|
|Published||Content info||111 Pages
Delivery time: 2-3 business days
|Asia Pacific E-waste Management Market Forecast 2021-2028|
|Published: November 24, 2020||Content info: 111 Pages||
The Asia Pacific e-waste management market is anticipated to evolve with a CAGR of 9.59%, in terms of revenue, and 4.19% in terms of volume during the forecast years of 2021 to 2028. The region's key market growth propellers are the growing demand for electronics, the increasing amount of e-waste, the subsequent pollution, and the rise in disposable income.
The Asia Pacific e-waste management market is assessed by the analysis of Thailand, India, Vietnam, Australia & New Zealand, Indonesia, China, Japan, South Korea, and the rest of the Asia Pacific. The disposal of old electronics includes materials like heavy metals that are hazardous to human health and the environment. Moreover, the growing amount of pollution it leads to, particularly in areas where the e-waste is disposed of, has surged its harmful effects on a global scale. For instance, in China, Zhejiang is the largest region for handling and dismantling e-waste in the country, comprising an e-waste dismantling factory. It disassembles around 2 million tons of e-waste, annually, in order to recycle metals. The air samples collected from this province depicted an alarmingly high presence of pollutants, capable of resulting in DNA damage, cancer, and cardiovascular diseases, among other ailments.
The majority of the world's e-waste, including computers, cellphones, printers, televisions, microwaves, washing machines, and fans, ends up in Vietnam. The waste is often burned, or disposed of in landfills where toxic contaminants like lead, arsenic, mercury, and cadmium are emitted into the air or percolated into water. Therefore, such factors are linked to the e-waste management market growth, over the forecast period.
Some of the prominent enterprises operating in the market include, Arubis AG, Enviro-Hub Holdings Ltd, Sims Metal Management Limited, Stena Metall, etc.