E-Waste Management Market is Expected to Reach $20.25 Billion by 2016 – New Report by MarketsandMarkets
(PRWEB) February 23, 2014 -- According to a new market research report, “Global E-Waste Management Market (2011 – 2016”, the total e-waste management market is expected to reach $20.25 billion by 2016 at a CAGR of 17.22% from 2011 to 2016; and the volume of e-waste generated is expected to reach 93.5 million tons in 2016 from 41.5 million tons in 2011 at a CAGR of 17.6%.
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The past decade has witnessed the volume of e-waste increasing at an alarming rate. This is a problem that has the potential to snowball into a disaster, if proper regulations and standards are not set in place. Studies indicate that around eight out of ten computers disposed in the U.S. are sent to developing countries, particularly Asia and Africa. This trend can be attributed to the lack of appropriate domestic recycling facilities for some types of materials in the U.S.
Management of e-waste provides benefits such as job creation, improved technological knowledge, and environmental benefits. In developing countries, job creation also helps in alleviation of poverty and improved health conditions.
The revenue from the e-waste management market is expected to grow from $9.15 billion in 2011 to $20.25 billion in 2016 at a CAGR of 17.22%. The volume of e-waste that is being generated currently is estimated to be 41.5 million tons and is expected to rise up to 93.5 million tons by 2016 at a CAGR of 17.6% from 2011 to 2016.
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