Global E-Waste Management Market Will Grow at a CAGR of 22.7% from 2015 to 2021

Deerfield Beach, FL -- (SBWire) -- 11/02/2017 --Electronic waste is a waste material comprising of rejected electronic devices and components manufactured or used. The rejected components include computers, tablets, mobile phones, digital cameras, televisions, refrigerators, stereo systems, washing machines, toasters and others devices. This kind of waste emits highly toxic gases, toxic metals, acids, plastics and plastic additives in the environment. This content can cause the threat to environment and health issues. Thus, properly disposing or recycling of e-waste is required.

According to the report, global demand for e-waste management market was valued at USD 17.0 billion in 2015 and is expected to reach USD 58.0 billion in 2021, growing at a CAGR of 22.7% between 2016 and 2021. In terms of volume, the global e-waste management market stood at 86.40 million tons in 2015. Zion Market Research has published a new report titled "E-Waste Management Market by Type (Trashed and Recycle), by Source (Household Appliances, IT & Telecommunications, Consumer Electronics and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021."

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The global e-waste management market is mainly driven by the short lifespan of several electronic goods due to the advancement in electronics industry around the globe. Government support and initiative for disposing of the increasing e-waste is another driving factor that is expected to boost the e-waste management market during the years to come. However, the high cost of disposing and recycling process is a major restraint that may slow down the growth of e-waste management market. Furthermore, growing health awareness in emerging economies coupled with the initiative taken by the electronics manufacturer is likely to open new opportunities for e-waste management market in near future.

Based on types of e-waste, the market is segmented into categories such as trashed and recycled. Among two, the trashed e-waste was leading segment and it accounted for 55.0% share of entire global e-waste management market in 2015. The trashed e-waste segment is further predicated to remain to prolong segment due to the high rate of consumption of advancing technology.

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On the basis of source segment, the global e-waste management market segmented into household appliances, IT & telecommunications, consumer electronics and others. Household appliances were one of the foremost sources of global e-waste management market and accounted for over 30.0% share of the total revenue generated in 2015. IT & telecommunications is another key outlet of the market and expected to exhibit significant growth within the forecast period. This growth is mainly due to robust penetration of latest gadgets and technology together with growing need for a luxurious lifestyle. Moreover, consumer electronics is also expected to have a promising market in near future.

North America dominated the e-waste management market and accounted for over 33.0% share of the global market in 2015. North America was followed by Europe in terms of overall revenue generated. The e-waste management market in Asia Pacific region is expected to exhibit significant growth owing to the emerging economies such as China and India. Latin America and Middle East & Africa are also expected to experience decent growth of e-waste management market within the forecast period.

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Some of the key players involved in global e-waste management market include CRT Recycling Incorporation, Umnicore, MBA Polymers Incorporation, SIMS Recycling Solutions, LifeSpan Technology Recycling Incorporation, Enviro-Hub Holdings Limited and Electronic Recyclers International Incorporation.