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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