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E-Waste Market - Increasing Amount of E-Waste Worldwide and Concerns for its Management

03-15-2018 03:59 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Xpodence Research

E-Waste Market - Increasing Amount of E-Waste Worldwide

Globally, the e-waste accounts for more than 40 million tons each year, which comprise of huge masses of computers, refrigerators, air conditioners, refrigerators, and other electric and electronic devices. The United States and European Union are the highest producers of e-waste per person around the world although developing nations, such as China are witnessing a very high growth in their e-waste amount. In 2014, only about 15.5% of the total e-waste amount was recycled with using environmentally safe and efficient methods.

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Several countries are focusing on promoting the management of e-waste for instance, Ghana in Africa is an important center for electronic waste receiving, recovering, reusing and disposing. The capital of Ghana, Accra hosts a prospering market place for second-hand electronic goods. It comprises of an extensive channel of repair shops, and wide array of activities devoted to extract the full potential of e-waste.

With the rising affordability of people and advancements in technology, the electronic goods become obsolete in a short span of time, resulting in increasing the amount of e-waste. For example, Smartphone manufacturing companies introduce several new models every year with new and enhanced features turning the old models “out of fashion”.

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India has one of the fastest growing smartphone market with about 27 million smartphones shipped during the second quarter of 2016. Although, the country has a higher lifespan of smartphones as compared to countries in the West. In 2015, India had produced around 1.5 tons of e-waste, out of which 90% was managed by using methods that were not environment safe and could harm human health. Thus, to manage this the Indian government announced Electronic Waste (Management and Handling) Rules, 2011. Furthermore, the European countries e-waste management is regulated through the WEEE Directive and its national transpositions in different member countries.

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Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe.

We offer the comprehensive market research solution for all the industries by performing the in-depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specific requirements.

The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various significant decisions based on productivity and output globally. Our services are tailored specifically to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production.

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