Portland, Ore., July 27, 2020
Reduction in life span of electronic devices and scarcity of sources of precious metals drive the growth of the global e-waste management market
Portland, Ore., July 27, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "E-waste Management Market by Processed Material Type (Metal, Plastic, Glass, and Others), Source Type (Household Appliances, Industrial Electronics, and Consumer Electronics), Application (Trashed and Recycled): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global e-waste management market was pegged at $41.97 billion in 2019, and is anticipated to reach $102.62 billion by 2027, growing at a CAGR of 11.9% from 2020 to 2027.
Prime determinants of the market
Reduction in life span of electronic devices and scarcity of sources of precious metals drive the growth of the global e-waste management market. However, rise in recycling cost incurred due to dearth of infrastructure and e-waste initiatives by electronic manufacturers across the globe is expected to negatively impact the market growth. On the contrary, rise in cloud-based services and increase in number of internet service users, regulatory policies, and online financial transactions are expected to create lucrative opportunities for the market players in the coming years.
Download Report Sample (150 Pages PDF with Insights) @
The metal segment dominated the market
By type, the metal segment held the largest share in 2019, accounting for more than half of the global e-waste management market, due to increase in electronic scrap as a result of change in electronics sector and gained traction of recycling of these materials. However, the plastic segment is expected to register the highest CAGR of 13.3% during the study period. This is owing to rise in development of e-waste management initiatives in developing regions.
The consumer electronics segment to manifest highest CAGR through 2027
The consumer electronics segment is anticipated to portray the fastest CAGR of 14.6% during the forecast period, owing to improving life style and rising disposable income, which increased the sale of necessary consumer electronic devices. However, the household appliances segment held the largest share in 2019, contributing to nearly half of the global e-waste management market, as household appliances contribute to the major part of the overall e-waste and has generated need to formulate effective policies to manage tremendous volume of e-waste.
LAMEA, followed by North America to register fastest CAGR by 2027
The global e-waste management market across LAMEA, followed by North America, is expected to register the highest CAGR of 16.3% during the study period, owing to rapid rise in adoption of electronic equipment that are creating a favorable environment for e-waste processing companies. However, the market across Asia-Pacific dominated in 2019, accounting for more than two-fifths of the market, due to increase in per capita income across many countries of the region and frequent switching to upgraded versions of the electronic products.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/597
Major market players
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter