Spiraling Obsolescence Rate of Electronic Products to Provide Upthrust to Global E-waste Recycling Market

Published On : 06 Jul 2017

QYResearchReports.com has announced the addition of a report, titled “Global E-waste Recycling Market Research Report 2017,” to its vast repository. The report serves with a 360-degree view of the global e-waste recycling market by providing insights into all important aspects, including its dynamics, end users and regional segmentation, and vendor landscape. It meticulously studies the market for the forecast period between 2016 and 2022.

The proliferation of electronics is one of the primary factors leading to the massive amount of e-waste being generated every day. This, in turn, is raising concerns pertaining to the disposal and treatment of this waste, which is stoking the growth of the global e-waste recycling market. Recycle of e-waste promotes recovery of precious metals and reduces the discharge of heavy metals and toxins into the environment. In addition, rapid technological advancements have paved way for new and innovative electronic products. The rising disposable income of people around the world has further escalated their demand, thereby triggering the obsolescence rate of electronic products. This, in turn, is augmenting the market. 

Government policies are also playing a pivotal role in the growth of the global market. Several governments worldwide are allocating significant budgets for proper disposal and treatment of wastes, including e-waste. However, the global e-waste recycling market is still at its nascent stage and therefore, there is a lack of sophisticated technology to tackle the growing negative effects of e-waste. Additionally, the limited number of e-waste collection zones along with high costs involved in their management is impeding the growth of the market. Nevertheless, continual improvements in technology are expected to open new avenues for players in the global market.

Click to get more details with TOC in a PDF Format: http://www.qyresearchreports.com/sample/sample.php?rep_id=1048945&type=E

Based on product, the global e-waste recycling market can be bifurcated into information and communication technology (ICT) equipment and home appliances. In terms of end users, the market can be classified into ENGO, government, and enterprise. Each segment has been analyzed on the basis of market share, growth rate, sales, and revenue.

On the basis of geography, the report divides the market into Europe, United States, China, Japan, Taiwan, and South Korea. Europe will account for a large share in the global E-waste recycling market due to the imposition of stringent regulations pertaining waste management. Countries in Asia Pacific such as Japan, China, South Korea, and Taiwan will be sights of high growth rates during the forecast period. The growth of these countries can be attributed to the availability of cheap labor and abundance of e-waste.

Some of the prominent companies operating in the global e-waste recycling market for CIMELIA Resource Recovery, Electronic Recyclers International, Stena Techno Worl, Gem, Dongjiang, Veolia, GEEP, Umicore, Kuusakoski, environCom, and Sims Recycling Solutions.

 

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