SOURCE: MarketResearch.com

MarketResearch.com

September 19, 2011 10:08 ET

E-Waste Management Market to Reach $20 Billion in 2016

ROCKVILLE, MD--(Marketwire - Sep 19, 2011) - MarketResearch.com has announced the addition of the new report "Global E-Waste Management Market (2011 - 2016)," to their collection of Computer Equipment market reports. For more information, visit http://www.marketresearch.com/MarketsandMarkets-v3719/Global-Waste-Management-6510298/

Rapid advancement in technology is resulting in new electronic products being launched, along with upgraded versions of existing products such as laptops and mobile phones flooding the market on a regular basis. This, coupled with an increase in the buying power of individuals, is resulting in decrease in the shelf life of electronic products. This trend is causing an accumulation of electronic waste that triggers the need to recycle electronic products; which implies the fact that the recycling industry will always have its share in the market.

Developing countries such as India, China, and countries in Africa are facing the heat of the e-waste being illegally dumped in these countries from the developed countries such as U.S. and UK. Most of these electronic products are simply plonked in these countries since no facilities exist for safe recycling of these products.

It is in the recent past that the countries have realized the need to efficiently recycle all the components of the electronic products and reuse them. The recycling rates of various components are very low, for e.g., out of the plastic generated from the electronic products, approximately only five percent of it is recycled. There is an increasing demand for proper e-waste management techniques since e-waste consists of toxic materials, which if not properly disposed, can lead to high levels of pollution. Such pollution, if not controlled, can lead to irreversible damage to human health as well as the environment.

The EU mandated all the producers of electronics to undertake the responsibility of disposal of end-of-life products. These regulations are encouraging companies to "recycle and reuse" the products. Some of the regulations in the European Union are the WEEE directive, RoHS, and Basel Convention.

The report deals with the market trends in the e-waste management market, the gap between the volume of e-waste generated and currently being recycled, and the amount that is expected to be recycled in the next five years.

The global volume of e-waste generated is expected to reach 93.5 million tons in 2016 from 41.5 million tons in 2011 at a CAGR of 17.6% from 2011 to 2016. The revenue generated from the e-waste management market is expected to grow from $9.15 billion in 2011 to $20.25 billion in 2016 at a CAGR of 17.22% from 2011 to 2016.

For more information, visit http://www.marketresearch.com/MarketsandMarkets-v3719/Global-Waste-Management-6510298/

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