Global E-Waste Management Market: A Billion Dollar Business

According to a new report by U.S.-based market research and business-consulting company Allied Market Research, the global e-waste management market is expected to reach an amount of 49.4 billion dollar by 2020, registering a compound annual growth rate of 23.5 percent from 2014 to 2020.

“The ever-growing need for adapting the latest technology is the prime factor for a large volume of e-waste generated across the globe,” the authors of the study stated. “The Asia Pacific region contributes to the largest revenue share in the global e-waste management market, followed by European countries. Analysis of the market indicates that the global volume of e-waste accounted for 57.7 million tons in 2013.” Key findings from this analysis include that presently the trashed e-waste holds a larger percentage share as compared to the recycled e-waste. In the global market, household appliances generate the largest amount – approximately 46 percent – of e-waste as compared to other sources, followed by the IT and Telecommunications sector which is expected to produce a large volume of e-waste by 2020. Furthermore, the Asia-Pacific region would generate the highest revenue for the e-waste management market by 2020.

To view the report titled „Global E-Waste Management Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020“, visit the website at www.alliedmarketresearch.com/e-waste-management-market.

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