Strategic Partnerships to Play Pivotal Role in Boosting Opportunities for Manufacturers in E-Waste Management Market
Manufacturers in the electronics industry are working towards developing consumer electronic, electronic and electrical devices with reduced lifespan is creating increasing demand for e-waste management. Burgeoning demand for upgradation of latest technologies further dives in opportunities for manufacturers in e-waste management market. Several market participants are taking immense efforts in recycling e-waste for reducing resultant environmental and pollution hazards. For instance, Dell has taken initiative in developing electronics from plastics acquired from the recycled electronics. The E-waste management company is also selling electronics by means of closed loop recycling procedure.
Europe to Pose Lucrative Growth Prospects for E-Waste Management Market
WEEE (waste electrical and electronic equipment) that includes fridges, cell-phones, computers and TV sets are considered as the highest developing streams in Europe. WEEE results in health and environmental problems as it is a combination of components and materials owing to the dangerous content. Electronic waste dictates EU to control e-waste disposal, which in turn is expected to stimulate the growth of Europe e-waste management market.
Governments across China and India have been taking immense efforts in extracting and recycling metals that hold threat for humans as well as environment. Rising number of decreased lifecycle of the electronic products such as cell-phones, laptops and computers in leading to greater amount of e-waste in North America, thereby driving the region’s market growth.
Household Appliances to Dive in Revenue Growth for E-Waste Management Market
E-waste management market is expected to witness revenue growth with rapidly increasing product innovation, particularly in the home appliances and electronics such as shift from analogue towards digital technologies, monitors and flat-screen televisions. According to UN, over 33% increase in E-waste management is likely to take place within four years’ time-span. Increasing number of collaborations between leading manufacturing companies such as Dell, HP and Cisco from Japan, China, England and global organizations such as Solving the E-waste Problem (StEP) leads to emergence of lucrative growth opportunities for e-waste management market. Rising number of disposal of refrigerator sets from the household appliances is likely to stimulate the revenue growth of e-waste management market.
Green packaging option, usage of renewable energy and materials, production process modification and technical intervention such as product designs are expected to significantly impact on the growth of e-waste management market. Take-back policy level interventions where manufacturers are held responsible for entire lifespan of their products further drops the possibilities of diving in revenues in e-waste management market. Growing awareness for avoiding e-waste such as donation of electronics for the purpose of reuse that helps in extending their lifespan is expected to impact on the strategic opportunities of e-waste management market manufacturers.
High Obsolescence Rate to Stimulate Volume Growth of E-Waste Management Market
Growing nature of electronic devices that need constant repairs or get obsolete leads to increasing generation of e-waste. Moreover, overall cost of the replacement process of electronic devices is less compared to repairing process. This in turn has resulted in growing tendency for purchasing new products, which supports in driving revenue growth of e-waste management market.
Classification of E-Waste Management Market Can Be Done By Application, By Source and By Material Type
Based on application, e-waste management market can be bifurcated into
Based on source, e-waste management market can be bifurcated into
Based on material type, e-waste management market can be bifurcated into
Report offers detailed analysis of global e-waste management market for elucidating prominent investment pockets in the market. All-time trends are identified for determining comprehensive attractiveness of the global market for sketching out profitable trends that help in attaining firm foothold in e-waste management market. Qualitative description regarding recycling processes for recovering various types of materials are also focused in the report.
E-Waste Management Market Report Outlines:
Future and current trends in E-waste management market
SWOT analysis and its impact on e-waste management market
Market participants and their strategies and developments
Detailed regional landscape with major contributors in E-waste management market
Report forecasts revenue growth at country, regional as well as global level. Inputs form industry experts and analysis are provided in detail. Governing and macro-economic indicators offering promising growth aspects are also incorporated in the report. Detailed mapping of qualitative impact of several market aspects on the market geographies and segments are done.
Regional Landscape of E-Waste Management Market:
Highpoints of E-waste Management Market: