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Market For E-waste Management Industry to Witness Tremendous Growth and Expansion by 2025: Grand View Research Inc.
by sonali_86 · January 29, 2019
San Francisco Nathan MacKinnon Jersey , 29 January 2019:聽The Report聽E-waste Management Market聽Size, Share & Trends Analysis Report By Processed Material (Metals, Plastic, Glass), By Source (Industrial, Consumer) Cheap Colorado Avalanche Jersey , By Application (Disposal, Recycle), And Segment Forecasts, 2018 – 2025
The global聽e-waste market聽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鈥檚 inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe Joonas Donskoi Jersey Youth , 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 Andre Burakovsky Jersey Youth , is expected to positively impact the growth of the e-waste management market over the next nine years.
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 Matt Nieto Jersey Youth , thus aiding in poverty alleviation and enhanced health conditions.