This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
Global E-Waste Recovery Market Holds Enormous Revenue Potential and is Expected to Reach $ 21billion by 2020
The global e-waste management market has shown an upward trend over the recent years. The increasing e-waste recycling rate across all geographies is set to drive the global e-waste recovery market. GBI Research anticipates the market to reach $ 21billion in 2020 from $ 6.9billion in 2009. Stringent government regulations and policies on the recycling and safe disposal are increasing the e-waste recycling rate across the globe.
E-waste is one of the fastest growing waste streams in the emerging economies of Asia, particularly in China and India, due to the increasing market penetration of electrical and electronic goods such as computers, televisions, and mobile phones in these markets. Advances in technology have reduced the average life cycle of these products, and this reduced life cycle means an increase in the obsolescence rate of electrical and electrical products, thereby increasing the volume of e-waste generated. The market penetration of Personal Computers (PCs) and mobile phones is still quite low in India and is expected to grow rapidly in the future. Apart from the consumer-end issues, another major source of obsolete PCs in the e-waste market is the large software industry where the use of and demand for the latest technology, higher computing speeds and increased efficiency implicitly increases the obsolescence rate. The high market penetration of advanced electronic products and the increasing fast-consumption patterns will increase the overall volume of the e-waste generated in India and China in future. GBI Research estimates that the volume of e-waste in China will reach 5.1 million metric tons in 2020, an increase of more than 150% from 2005. Along with the high generation of e-waste at home, China also receives illegal imports of e-waste from developed countries, and partly as a result of this, e-waste is one of the fastest growing waste streams in China.
GBI Research’s new report, “E-Waste Management Market to 2020 – Emerging Economies Poised to Capitalize on E-waste Recovery and Recycling Market” provides key information and analysis on the market opportunities in the e-waste management industry. The report provides key market trends and competitive landscape analysis for the e-waste management market. This report examines the current and forecast the e-waste recovery market. The research discusses market dynamics in detail by providing analytical content on key drivers, restraints and challenges of the e-waste management market. It segments the global e-waste recovery market on the basis of materials recovered and geography.
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