According to a new report "Global E-Waste Management Market - Size,
Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020",
the global E-Waste Management Market would reach an amount of $49.4 billion by
2020, registering a CAGR of 23.5% during 2014 - 2020. The ever-growing need for
adapting the latest technology is the prime factor for a large volume of
E-Waste generated across the globe. The Asia Pacific region contributes to the
largest revenue share in the global E-Waste management market, followed by
European countries. Analysis of the market indicates that the global volume of
E-waste accounted for 57.7 million tons in 2013.StEP (Solving the E-waste
problem) is a German based establishment that manages the processing of E-Waste
in developed countries. Ruediger Kuehr, executive secretary of StEP, states
that Rapid product innovations and replacements for electronic gadgets account
for the rise in E-Waste worldwide. The monumental rise of E-Waste brings across
an impending need for all countries to manage their E-Waste effectively. The
U.S. is a major exporter of used electronic goods. The region exports a large
quantity of CRT (cathode ray tubes) monitors and a considerable number of
cellphones, amongst other electronic devices. National Center for Electronics
Recycling (NCER), is a U.S. based non-profit organization dedicated to the
enhancement of national infrastructure for recycling E-waste. NCER states that,
nearly 54 million tons (49 metric million tons) of E-Waste, i.e. approximately
43 lbs (20kg) per person, is generated every year across the globe. The study
estimates that U.S. generates a large quantity of E-waste, major portion of
which is shipped to developing countries (mainly Asia) and West Africa, where
it is usually disposed-off in backyards or recycled. These deposits ultimately
cause numerous health issues and environmental hazards.
Jason Linnell, an Executive director of
NCER has mentioned that the U.S is yet to fully utilize its recycling capacity
as compared to other countries. Presently, North America is largely taking
initiatives to recycle its E-Waste. The StEP estimated that the U.S generated
about 258.2 million units of used-electronics (monitors, cellphones, computers
and TV sets) in 2010, of which, 171.4 million were collected for recycling and
14.4 million were exported. The E-Waste management initiatives in North America
should significantly reduce E-waste exports and propel the domestic market.
Adoption of E-Waste management programs by all the countries globally, would
further minimize the health concerns and significantly reduce environmental
hazards. Presently, North America is a leader in exporting E-Waste to
developing countries. These exports generate a large quantity of trash for
recycling in emerging markets. TheAsia-Pacific comparatively generates a larger
revenue from the recycled E-Waste. However, North America is also in the
process of recycling the E-waste, which would add to a larger share of its
revenue in the global market.
From the year 2000 - 2005, the
Organization for Economic Co-operation and Development (OECD), identified a
growth of approximately 22% in Information and Communications Technology (ICT)
market in China, declaring it to be the 6th largest ICT market in 2006,
followed by the U.S, Japan, Germany, UK and France. Thus, in the wake of
constant innovation and rapidly increasing adoption of new technologies, there
exists a need more than ever before, for the adoption of E-Waste management
programs, globally.
Key
findings of the study:
Presently, the trashed E-waste holds a
larger percentage share as compared to the recycled E-Waste.
In the global E-Waste management market,
household appliances generate the largest amount i.e. approx. 46% of E-Waste as
compared to other sources, followed by
the IT and Telecommunications sector
The IT and Telecommunications sector is
expected to produce a large volume of E-Waste by 2020
Asia-Pacific region would generate the
highest revenue for the E-Waste management market by 2020.
The E-Waste management rate in
Asia-Pacific and European regions is higher than developed countries such as
U.S, Canadaand Mexico
Human health concerns and environmental
hazards caused due to E-Waste production, annually, are leading to the rise of
E-Waste management programs all over the world. The government agencies with
the help of E-waste management players, are strategically focusing on new and
innovative E-Waste Management programs. These programs are focused at reducing
the world's E-Waste and its hazards. Lack of awareness regarding the hazards
associated with E-Waste in the LAMEA region and the lack of E-Waste recycling
plants in the United States, support the growth of the global E-Waste
management market, at a faster pace. The key providers of recycling services,
profiled in this report are Stena Metall AB, SIMS Recycling Solutions,
Umnicore, Electronic Recyclers International Incorporation, Tetronics Limited,
CRT Recycling Incorporation, LifeSpan Technology Recycling Incorporation,
Triple M Metal LP, MBA Polymers Incorporation and Enviro-Hub Holdings Limited.
For
further information on this report, please visit- http://mrr.cm/4iD
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