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E-waste Management Market To Reach 63.7 Million Metric Tons by 2025

The global e-waste market generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer’s inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market.

Furthermore, with the increasing use of electronic devices across the world, the amount of waste generated has also substantially increased over the years. The disposal of e-scrap has become a key concern for developing as well as developed economies since health hazards associated with e-scrap landfill and incineration are considerable. Hence, the need to manage and recycle this waste is expected to emerge as a primary need for numerous nations worldwide, which, in turn, is expected to positively impact the growth of the e-waste management market over the next nine years.

For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/e-waste-management-market

Additionally, a majority of nations across the globe have regulated electronic scrap generation and their treatment procedures. For instance, the European Union (EU) has authorized all electronic goods manufacturers to undertake the responsibility for the treatment of end-of-life products. A few of these regulations include the Restriction of Hazardous Substances Directive (RoHS), the Basel Convention, and the Waste Electrical and Electronic Equipment Directive (WEEE), among others. Waste management initiatives and programs also help in job creation and imparting technological knowledge, thus aiding in poverty alleviation and enhanced health conditions.

However, high costs associated with e-waste recycling are expected to hinder the market growth. Moreover, the procurement of high-end machinery to effectively recycle the scrap coupled with instructing the workers about the meticulous execution of every step remain to be the major hurdles in the growth of the e-waste management market. However, increasing the awareness about the hazardous effects of e-waste on human health along with strict regulations concerning the generation and treatment of e-waste in a majority of countries are expected to reduce the effect of these challenges over the forecast period.

Full Press Release @: https://trendinresearchreport.wordpress.com/2020/12/28/e-waste-management-market-report/

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