By Paul Ploumis (ScrapMonster Author)
March 23, 2016 07:08:39 AM
SPOKANE (Scrap Monster): The recent report by MarketResearchReports.biz predicts exponential growth to the market for e-waste management. The report titled “E-waste Management Market to 2020 - Expansion of Domestic Electronics Sector to Drive Asia Pacific Growth Despite Ban on Illegal Exports from Developed Countries” states that demand for e-waste management will be boosted by environmental hazards and health concerns related to e-waste production.
According to the report, the sharp drop in average life of electronic gadgets tends to aggravate the mounting e-waste problem. The fast rate of obsolescence of gadgets is also leading to increased generation of e-waste. Consumers are found discarding their gadgets for replacing with new and technically advanced ones. The scrap electronic items may lead to environmental pollution if not recycled properly.
Electronics waste has emerged as the fastest growing waste stream globally. The rate of e-waste generation has been on the rise not only in developed countries, but also in developing countries. The increased market penetration of electronic and electrical gadgets in developing countries has led to escalated e-waste generation levels. Developed countries too have reported rise in e-waste generation rates, mainly on account of high replacement rate of electronic gadgets and devices.
The report provides detailed statistics, graphs, and infographics that outline the growth of global e-waste management market. It also includes profiles of key electronics manufacturers such as HP, Apple and Dell.
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