The market for E-waste Management Market is expected to reach XX Mn by 2026.
The global e-waste management market is expected to expand at a CAGR of 5.7% during the forecast period from 2018 to 2026. Rapid technological advancements have not only transformed our communication abilities and increased productivity but have also resulted in a massive increase in electronic goods discarded into our waste stream over the last decade. As per the research conducted by Credence Research, Inc., electronic waste is the fastest-growing municipal waste, especially in developed economies like the U.S. One of the major factors spurring e-waste volumes and the need for e-waste management is the continued penetration of the Internet of Things (IoT) technology across different industry verticals. IoT has become a mainstream technology in the IT industry, primarily used to connect all smart objects over an integrated network through the Internet. Additionally, in a bid to transform or upgrade existing business processes to connected ones, the demand for connected devices is presumed to surge, reaching 20.0 billion units by 2020 and thereby driving e-waste volumes worldwide.
Asia Pacific is presumed to register strong growth during the forecast period from 2018 to 2026, offering strong growth prospects and investment opportunities for e-waste segregation, recycling firms, and other participants involved in electronic scrap treatment. The anticipated growth opportunity is reflective of the huge IT, telecom, and consumer electronics markets in these countries. Developed economies like Europe and North America will register slow but steady growth during the forecast period. The slow growth can be attributed in large part to several regulations like the Restriction of Hazardous Substances Directive (RoHS) and the Waste Electrical and Electronic Equipment Directive (WEEE), etc., that have kept e-waste generation in check. On the other hand, emerging economies like those in the Middle East and Africa will experience strong growth due to government policies that promote the systematic collection, segregation, and recycling of scrap.
The global e-waste management market is highly fragmented. Some of the major vendors profiled in the research report include Electronic Recyclers International, Inc., E-waste Harvesters, Inc., Desco Electronic Recyclers, MRI (Australia) Pty Ltd., Enviro-Hub Holdings Ltd., Umicore S.A., E-waste Systems, Inc., Sims Recycling Ltd., and Waste Management, Inc., among others.
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
The market for E-waste Management Market is expected to reach XX Mn by 2026.
The E-waste Management Market is expected to see significant CAGR growth over the coming years, at 5.7%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
E-waste Harvesters, Inc., Desco Electronic Recyclers, MRI (Australia) Pty Ltd., Enviro-Hub Holdings Ltd., Umicore S.A., E-waste Systems, Inc., Sims Recycling Ltd are some of the major players in the global market.