Press release
E-waste Management Market Size Share Trends 2023-2030
E-waste Management Market-DataM Intelligence
The Global E-waste Management Market is growing at a CAGR of 4.2% during the forecast period (2023-2030). Electronics deemed obsolete, malfunctioning, or approaching the end of their "useful life" are collectively referred to as "e-waste." Computers, televisions, VCRs, stereos, copiers, and fax machines are examples of everyday electronic devices. It consists of broken but still usable items that are either donated to Goodwill or thrown in the trash. An item is frequently thrown away if it isn't purchased in the store. E-waste is particularly dangerous since it naturally releases toxic chemicals when it is buried along with the metals therein.
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Market Dynamics:
It is predicted that government programs to recycle electronic waste and increase electronic waste worldwide will propel the e-waste management sector. On the other hand, the lack of infrastructure for recycling and e-waste management laws throughout the duration of the projected time might limit market expansion.
Due to increased awareness of the detrimental impacts of electronic waste on the environment and public health, governments all over the world are passing regulations governing the handling of e-waste. Initiatives spearheaded by the government include subsidies for recycling centers, rewards, and mandates that manufacturers of electronic gadgets pick up their trash. Policies like Extended Producer Responsibility (EPR) services, which are commissioned to encourage e-waste collection and recycling, are driving growth in the e-waste management market.
In order to inform the public about appropriate e-waste disposal and recycling procedures, a number of non-governmental groups also conduct awareness campaigns. The financial benefits of recycling and repurposing obsolete technology are an additional element propelling waste management initiatives.
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Market Geographical Share:
The Asia-Pacific area is expected to dominate the global e-waste management market. China is the largest producer of e-waste in the world, producing 10.1 Mt in 2019. Owing to its substantial size and resilient EEE manufacturing industry, China holds a prominent position in the worldwide EEE market. The nation with the largest domestic demand for EEE is China. China also makes a major contribution to the recycling, refurbishing, and reusing of e-waste.
Due to e-waste regulations and facility construction, the official e-waste recycling industry has had substantial expansion in treatment capacity and quality; annually, more than 70 million e-waste units are deconstructed (China Ministry of Ecology and Environment 2019).
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