E-Waste Management Market Statistics, Trends and Future Estimations - Leading Industry Players Profiled

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.

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 Americais 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 Americais a leader in exporting E-Waste to developing countries. These exports generate a large quantity of trash for recycling in emerging markets. The Asia-Pacific comparatively generates a larger revenue from the recycled E-Waste. However,North Americais also in the process of recycling the E-waste, which would add to a larger share of its revenue in the global market.

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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 6thlargest 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.

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