Market Research Report
Global E-waste Management Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||972343|
|Published||Content info||146 Pages
Delivery time: 2-3 business days
|Global E-waste Management Market Forecast 2021-2028|
|Published: November 24, 2020||Content info: 146 Pages||
The global e-waste management market is evaluated to record a CAGR of 12.37%, in terms of revenue, and 5.14%, in terms of volume, during the forecast period of 2021 to 2028. The market growth is influenced by factors such as, scarcity of precious metals' sources, the reduced lifespan of electronic devices, and the high rate of obsolescence.
E-waste entails loosely discarded, obsolete, surplus, and broken, electronic or electric devices. However, when improperly disposed of, plastic, glass, and heavy metals in e-waste can seep into waterways, pollute the air, and also be hazardous to human health. Therefore, the need for proper e-waste management is essential.
Rapid technical advancements, in addition to frequent product innovation, generate surging sales of electronic devices. As a result, televisions, mobile phones, and computers observe a growing trend, across the globe. The continual increase in electronics sales can also be attributed to rising disposable income and purchasing power. New product launches with additional services and updated features influence customers to upgrade their old and outdated devices, with new gadgets. Hence, these factors have reduced the lifespan of such devices by nearly 3 to 4 years.
The global e-waste management market growth is studied by assessing Europe, North America, and the Asia Pacific. North America is anticipated to lead the global market, owing to factors such as, the rapid increase in e-waste and insufficient e-waste management policies and regulations.
Low awareness among consumers and loose regulatory frameworks create adverse situations for expanding their presence towards market players. However, the lack of robust purchase patterns and customers' hesitance in buying recycled products increases the competition among existing players, in order to raise their revenue share. Hence, these factors lower the global market's competitive rivalry.
Some of the leading companies operating in the market include, Boliden AB, Aurubis AG, Electronic Recyclers International Inc, Enviro-Hub Holdings Limited, LifeSpan Technology Recycling Inc, etc.