E-Waste Market – Growing Reliance on Technology to Augment Growth Forecast to 2025

Algoro Reports , recently published a detailed market research study focused on the “E-waste Market – Global Analysis and Forecast”, the E-waste Market is projected to witness a significant growth propelled by the increasing use of electronic gadgets worldwide. The constantly increasing competition among electronic companies has resulted in huge investments in their product development. Thus, to efficiently compete in the market, these companies regularly introduce products with better technology and efficiency. This influences customers to buy new-products and the old ones turns obsolete. Thus, increasing the amount of e-waste. The concerns regarding the environmental safe disposal of the e-waste is anticipated to boost the market of e-waste globally.

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The global E-Waste market has be categorized into recycler type, material recovery, source type and regions. Based on the recycler type the market has been segmented into glass recycler, plastic recycler, metal recycler and printed circuit board recycler. Based on material recovery the market has been bifurcated into metal, glass, plastic and others. Source type segment is categorized into entertainment & consumer electronics, household appliances, IT & telecommunication and others.

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North America and Europe dominates the market for e-waste. Both the region are sensitive towards the environmental pollution issues and hence, contributes largely to the e-waste market. Furthermore, Asia Pacific region, which comprises of developing economies and rapidly growing population is expected to show a tremendous growth in the coming years. The major factor influencing the growth in the Asia Pacific region is the presence of huge number of consumer electronics manufacturers and the need to reduce e-waste. China and Japan are anticipated to be the major contributors in the Asia Pacific market.

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Some of the major players operating in the global e-waste market includes Aurubis AG, Umicore S.A., SIMS Metal Management, Ltd., Electronic Recyclers International, Inc., Boliden AB, MBA Polymers, Inc., Tetronics International Ltd., Stena Metall AB, Global Electric Electronic Processing Inc., and Enviro-Hub Holdings Ltd.

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