7th September, 2018 - Electronic Waste Recycling Market is displaying positive outlook at a rising CAGR due to growing environmental corrective measures. E-waste from electronics, electrical and consumer electronics segment has reached colossal proportions with waste generation due to discarded electronic devices and gadgets escalating every year. Disposing electronic gadgets may bring out many valuable components within them such as gold and silver which can cause serious environmental hazards, thus behaving as growth factors for electronic waste recycling market. This growth in electronic waste recycling market gets even more enhanced due to upgraded electronic devices hitting the markets and in the process generating tons of e-waste easily making it one of the fastest growing markets worldwide.
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Estimates to e-waste generation across regions has created a lot of buzz lately, hence government organizations of various regions are taking effective steps in order to curb environmental pollution. Advancements in technology has demanded an end to obsolete technology with regions such as North America exporting E-waste to developing regions such as India and China to process recycled waste and generate market revenue. Market segmentation in electronic waste recycling industry by component includes plastic, glass, mercury, metals, printed circuit boards, hard drives, batteries and others. The segment by plastics and printed circuit boards has a larger market share in electronic waste recycling market. The segmentation of electronic waste recycling market by source includes Household appliances; IT and Telecommunication, Consumer Electronics and others. Consumer Electronics and household appliances would hold a major share of market segment in electronic waste recycling market.
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The mounting level of e-waste generated currently by the global population is estimated to fortify the growth of the electronic waste recycling market 2020.
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A 13.03% CAGR is estimated to shape the market worth to USD 39,498.81 Million by 2024.
Electronic Waste Recycling Market@ Electronic Waste Recycling Market Size 2021, Share, Business Opportunities, COVID-19 Impact Analysis, Industry Profit Growth & Demand by Top Vendors: Tetronics International Limited, GEEP Inc.
The road to the resurgence of the market is estimated to be lengthy and arduous due to the degree of a setback it has suffered.
The stress on enhancing the production potential and upgradation of the workforce are the top priorities to reinvigorate the development potential of the market in the coming period.
Electronic Waste Recycling MarketIn this rapidly changing environment, electronic wastes are ever increasing and thus the need for effective electronic waste management is also increasing.
The higher environmental concerns and awareness are driving the Electronic Waste Recycling market.
The Electronic Waste Recycling has many benefits as elimination of health and environment hazards, conservation of resources, energy efficiency, economic growth and others which boosts the market.
Whereas the lack of awareness of the Electronic Waste Recycling methods are restraining the Electronic Waste Recycling market.The Electronic Waste Recycling Market is growing rapidly over 17% of CAGR and is expected to reach at USD ~26 billion by the end of forecast period.Request a Sample Report @https://www.marketresearchfuture.com/sample_request/2553Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “The Electronic Waste Recycling Market Research Report -Forecast to 2022”.Electronic Waste Recycling Market Segmentation:The Electronic Waste Recycling market has been segmented on the basis of components of processed materials and sources of equipment processed.
The components of processed materials segment consists of plastic, glass, mercury, metals, printed circuit boards, hard drives, batteries and others.
The Electronic Waste Recycling market is globally emerging across world.
The electronic waste recycling has numerous benefits as elimination of health and environment hazards, conservation of resources, energy efficiency, economic growth and others which are also the driving factors for the electronic recycling industry market.
The lack awareness about the effective electronic waste recycling methods is the only restraining factor for the electronic waste recycling market.The study indicates that many initiatives are taken by the non-profit organizations to create awareness about electronic waste recycling.
As per a recent news Goodwill a leading retail store chain and donation center is going to reopen at new locations and is hosting an Earth Day electronic-waste recycling event as part of the event.According to Market Research Future Analysis, Global Electronic Waste Recycling Market has been valued at US $ ~26 Billion by the end of forecast period with ~17% of CAGR during forecast period 2016 to 2022.Market Research Analysis:Regional analysis for Electronic Waste Recycling market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world.
It has been observed that European region has few approaches to e-waste recycling and management is guided by two directives; the Waste Electrical and Electronic Equipment (WEEE) Directive and RoHS Restriction of Hazardous Substances (RoHS) Directive.The study reveals that Asia-Pacific region is expected to have a significant growth in Electronic Waste Recycling market by the forecast period.
In Asia-Pacific countries like China, Japan and Korea government are taking special efforts for electronic waste recycling which is the primary growth driver for the Asia-Pacific region.Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:The Electronic Waste Recycling market has been segmented on the basis of components of processed materials and sources of equipment processed.
Over the past few years, electronic waste is the fastest-growing term worldwide.
E-waste contains metals, carbon, lead, mercury, etc.
Electronic recycling is important but how it should be implemented by ITAD companies is something of a puzzle to a lot of manufacturers at the moment.
Here are some solutions for easy e-waste recycling.
