The Global E-Waste Management Market Estimated to Attain $96399.98 Million in Revenue by 2028

According to Triton's report, the global e-waste management market, which attained $29167.29 million in 2020, is probable to exhibit 12.45% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global E-Waste Management Market’ comprises the Global Analysis and Forecasts by Material Type (Glass, Metal, Plastic, Others), Application (Recycled, Trashed), Source Type (Industrial Electronics, Household Appliances, Consumer Electronics), and by Geography (Latin America, Asia-Pacific, North America, Latin America, Europe).

Request Free Sample of the Global E-Waste Management Market Report @ https://www.tritonmarketresearch.com/reports/e-waste-management-market#request-free-sample

Triton’s report evaluates the global e-management market to display progress based on revenue and volume at a CAGR of 12.45% and 5.55%, individually, through the years 2021-2028. Further, the market is estimated to display revenue worth $96399.98 million by 2028.

Metals such as lead, barium, mercury, and nickel, are some of the materials that comprise the e-waste. Numerous companies are undertaking cautious measures to prevent their workforce from being exposed to such metals, which cause chronic conditions such as cancer and nervous system damage to arise.

The rising demand for scarce metals has resulted in a rapid increase in the cost of these metals, further encouraging companies to retrieve these valuable metals from e-waste for other applications. For instance, one million mobile phone waste encompasses 250 kg of silver and 24 kg of gold. Hence, the dearth of precious metals sources is among the key factors driving the studied market’s progress. Additionally, a decline in the life span of electronic devices and a high rate of obsolescence are elements motivating the development of the e-waste management market worldwide. However, a rise in recycling costs incurred owing to the inadequacy of infrastructure and low awareness among emerging economies, are elements hindering the evolution of the e-waste management market.

The market for e-waste management is broadly trifurcated into material type, application, and source type. As per material type, the market segmentation is into glass, metal, plastic, and others. At the same time, the application section is divided into recycled and trashed. Similarly, the source type is subdivided into industrial, electronics, household appliances, and consumer electronics.

Latin America is expected to become the fastest-growing market for e-waste management during the considered years 2021-2028. Among the region’s nations, Brazil is one of the largest electronic waste producers, owing to the tremendous growth in the electronic industry. Moreover, the country dumps its outdated equipment into the environment, as stated by the UN. This further increases the demand for e-waste management services, further influencing companies to expand their e-waste management processes and facilities. Hence, the growing electronic industry is one of the major factors motivating the surge in e-waste management services, which is expected to add to the market’s growth across Latin America.

Eniro Hub Holdings Ltd, Aurubis AG, ERI, Stena Metall, Lifespan Recycling Co Inc, Tetronics (International) Limited, MBA Polymers Inc, Umicore SA, Sims Metal Management Limited, and Boliden Group are leading enterprises present in this market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/e-waste-management-market#purchase-option

Question & Answer: E-Waste Management Market

Question 1: What elements are motivating the development of the e-waste management market?

Answer: The rising demand for scarce metals has resulted in a rapid increase in the cost of these metals, further encouraging companies to retrieve these valuable metals from e-waste for other applications. For instance, one million mobile phone waste encompasses 250kg of silver and 24 kg of gold.

Hence, the dearth of precious metals sources is among the key factors driving the studied market’s progress. Additionally, a decline in the life span of electronic devices and a high rate of obsolescence are elements motivating the development of the e-waste management market worldwide.

Question 2: What elements are hindering the evolution of the e-waste management market?

Answer: A rise in recycling costs incurred owing to the inadequacy of infrastructure and low awareness among emerging economies, are elements hindering the evolution of the e-waste management market.

Question 3: Which region is fastest-growth in the e-waste management market?

Answer: Latin America is expected to become the fastest-growing market for e-waste management during the considered years 2020-2028. Among the region’s nations, Brazil is one of the largest electronic waste producers, owing to the tremendous growth in the electronic industry.

Moreover, the country dumps its outdated equipment into the environment, as stated by the UN. This further increases the demand for e-waste management services, further influencing companies to expand their e-waste management processes and facilities. Hence, the growing electronic industry is one of the major factors motivating the surge in e-waste management services, which is expected to add to the market’s growth across Latin America.

Question 4: Which are the leading enterprises present in the e-waste management market?

Answer: Eniro Hub Holdings Ltd, Aurubis AG, ERI, Stena Metall, Lifespan Recycling Co Inc, Tetronics (International) Limited, MBA Polymers Inc, Umicore SA, Sims Metal Management Limited, and Boliden Group are leading enterprises present in this market.

Related Report:

Global Air Pollution Control System Market
The global air pollution control system market is anticipated to showcase progress in its revenue during 2019-2027 at a CAGR of 4.96%. Moreover, the market is likely to gain revenue worth $101980.05 million by 2028.

The presence of polluting chemicals in the air causing multiple health risks refers to as air pollution. In such a scenario, pollution control methods to decrease air pollution in exhaust comprise the air pollution systems.

The favorable government regulations, rising air pollution, and populations are significant factors driving the air pollution control system market’s growth. In addition, industrial sectors in emerging nations are opening new avenues for the studied market to expand during the projected phase.

However, low investment in safety systems and the cost associated with installing and maintaining these systems are challenges impacting the air pollution control system market’s advancement on a large scale.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.