Global E-waste Recycling market to grow at a CAGR of 10.7% over the period 2014-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global E-waste Recycling market to grow at a CAGR of 10.7 percent over the period 2014-2019. The growing volume of e-waste is a major concern globally. Rapid advances in technology and increasing buying power of consumers have resulted in high obsolescence rate of electronic products. Consumers tend to replace older electronic products with latest versions available in the market, leading to dramatic rise in e-waste worldwide. Unscientific disposal of e-waste has triggered serious environmental hazards. Recycling of e-waste enables recovery of precious metals thereby reducing the discharge of serious toxins, chemicals, and heavy metals into the environment.
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About the Report
The latest report draws attention to the high obsolescence rate of electrical and electronic equipment. The average replacement rate has increased with the rise in the buying power of individuals, advances in technology and the booming IT industry.
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"Gadgets like cellphones, cameras, PCs and other IT accessories have a replacement rate of no more than five years, which directly impacts the overall growth of this market,".
Covered in this Report
The Global E-waste Recycling market has been segmented on the basis of type and geography.
Global E-waste Recycling Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It discusses the recycling of major e-waste types. The report also covers the market in the Americas, the APAC region, and the EMEA region; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report also emphasizes the growing need to prevent biological hazards. E-waste recycling companies have become more cautious about the biological hazards involved in handling e-waste products. Workers handling the chemicals from e-waste are exposed to serious health risks like damage to the nervous system, cancer, deterioration of metabolism and other similar serious biological effects.
"Increased awareness of the harmful effects of toxic chemicals in e-waste is the primary reason for the adoption of cautious methods by vendors in the market,".