According to a new market report published by Stratistics Market Research Consulting, the E-Waste Management Market is valued at $2.4 billion in 2015 and is projected to reach $9.5 billion by 2022 growing at a CAGR of 21.4% from 2015 to 2022. The factors such as rapid product innovations, adoption of latest technologies and agreements are boosting the market growth. Growing market penetration in developing countries, replacement of markets in developed countries and rising purchase power are some of the key factors driving the market growth.
Global E-Waste Management Market is segmented by Source Type Household Appliances, Entertainment & Consumer Electronics, and IT and Telecommunication. Among the source type segment, Household Appliances segment commanded the market with largest revenue compared to other sources. Shorter life span of household appliances, innovative product launches influencing the consumers to buy new appliances are favouring the segment growth. However, IT and telecommunications segment has the second largest market for e-waste management and is expected to grow at a higher CAGR during the forecast period. The economies of scale have given consumers advantages in term of prices, which has increased the demand of many electronic products such as computers, laptops and mobile phones.
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Global E-Waste Management market is segmented by Recycler Type into Metal Recycler, Printed Circuit Board Recycler, Plastic Recycler, and Glass Recycler. Conducive government regulations, recent technological advancements in recycling methods are propelling the recycler segment.
Global E-Waste Management Market is segmented by Material Recovery into Plastic, Glass, Metal, and Other Material Recovery. Increasing phenomena of hazardousness of toxicity in environment due to electronics is bolstering the demand for material recovery segment.
This report also covers trends driving each segment and offers analysis by geography, with key regions such as North America, Europe, Asia Pacific, and Rest of the World. North American market is expected to witness the highest CAGR in exporting the E-Waste to developing countries. These exports generate a large quantity of trash for recycling in emerging markets. The Asia-Pacific comparatively generates larger revenue from the recycled E-Waste. However, North America is also in the process of recycling the E-waste, which would add a significant share to the global market.
Some of the key players in the market include Boliden AB, MBA Polymers, Inc., Stena Metall AB, Enviro-Hub Holdings Ltd., Global Electric Electronic Processing Inc., Aurubis AG, Tetronics International Ltd., Electronic Recyclers International, Inc. , SIMS Metal Management, Ltd., Umicore S.A., CRT Recycling Inc., LifeSpan Technology Recycling Inc., Triple M Metal LP, E-Waste Harvesters, Electronic Waste Management, E-Waste Systems, Inc., MRI (Australia) Pty Ltd., Desco Electronic Recyclers and Waste Management Inc.
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