Global E-Waste Management Market is expected to garner $49.4 billion by 2020, registering a CAGR of 23.5% during the forecast period 2014 - 2020.

Global E-Waste Management Market is expected to garner $49.4 billion by 2020, registering a CAGR of 23.5% during the forecast period 2014 - 2020. It is one of the fastest growing waste streams in emerging as well as developed regions. The reduced life spans of electrical, electronic and consumer electronic devices are generating large E-Waste, which is growing rapidly every year. The growth of E-Waste market is supplemented by the growing need for upgrading to the latest technologies. A desire towards the adoption of new technologically advanced devices leads to generation of millions of tons of E-Waste across various regions. According to the United Nations initiative to estimate E-Waste production, the world produced approximately 50 million tons of E-Waste in 2012, on an average 15 of lbs per person across the globe. In 2012, UN also stated that, UK produced, 1.3 million tons of electronic waste. China generated 11.1 million tons of E-Waste, which was followed by United States that accounted for 10 million tons in 2012.

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E-Waste Management Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $49.4 billion by 2020, registering a CAGR of 23.5% during the period 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.

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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 (mainlyAsia) and West Africa, where it is usually disposed-off in backyards or recycled. These deposits ultimately cause numerous health issues and environmental hazards.

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