Allied Market Research adds “E-Waste Management Market” new report to its research database. The report provides a comprehensive analysis of current & future trends and emerging avenues for the growth of this market globally.
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 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.
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StEP (Solving the E-waste problem) is a German based establishment that manages the processing of E-Waste in developed countries.Ruediger Kuehr, executive secretary of StEP, states that Rapid product innovations and replacements for electronic gadgets account for the rise in E-Waste worldwide. The monumental rise of E-Waste brings across an impending need for all countries to manage their E-Waste effectively. The U.S. is a major exporter of used electronic goods. The region exports a large quantity of CRT (cathode ray tubes) monitors and a considerable number of cellphones, amongst other electronic devices. National Center for Electronics Recycling (NCER), is a U.S. based non-profit organization dedicated to the enhancement of national infrastructure for recycling E-waste. NCER states that, nearly 54 million tons (49 metric million tons) of E-Waste, i.e. approximately 43 lbs (20kg) per person, is generated every year across the globe. The study estimates that U.S. generates a large quantity of E-waste, major portion of which is shipped to developing countries (mainlyAsia) and West Africa, where it is usually disposed-off in backyards or recycled. These deposits ultimately cause numerous health issues and environmental hazards.
From the year 2000 – 2005, the Organization for Economic Co-operation and Development (OECD), identified a growth of approximately 22% in Information and Communications Technology (ICT) market in China, declaring it to be the 6thlargest ICT market in 2006, followed by the U.S, Japan, Germany, UK and France. Thus, in the wake of constant innovation and rapidly increasing adoption of new technologies, there exists a need more than ever before, for the adoption of E-Waste management programs, globally.
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