Global E-waste Management Market 2017-2021

Global e-waste management market insight

According to Technavio's global e-waste management market analysis, the market is expected to grow steadily at a CAGR of around 4% by 2021. The development of shredding machines and the rise of industrial recyclers will be primary factors for the e-waste management market growth. One of the major tasks in recycling electronic devices is the complex structure of components where components had to be dismantled and separated manually. Manufacturers have developed shredders, specifically for managing e-waste with abilities to identify and sort ferrous and non-ferrous scrap metals. This development has helped in discarding additional amounts of e-waste and in ensuring faster disposal compared to the manual dismantling of components. Moreover, with workers being exposed to hazardous substances and the possibility of suffering from cuts during dismantling, e-waste shredders with automated sorting and dismantling technology have assisted in creating a safe working environment. Moreover, the imposition of stringent e-waste regulations has also paved the way for the emergence of small and large recyclers specializing in e-waste management. These recycling facilities house automated machines such as metal-separating machines that make recycling more efficient and profitable using technologies such as optical sensors.

The rising importance of e-waste recycling is one of the major trends that will gain traction in the e-waste management market during the next four years. The growing middle-income population in developing countries and the changing consumer behavior result in the fast replacement of electronic devices. The electronic device manufacturers follow sustainable development and disposal practices to manage devices at their end-of-life period. Companies such as Dell, Microsoft, HP, Panasonic, and Fuji Xerox have already introduced programs by partnering with recycling firms to organize large take-back programs to recycle outdated equipment and manage their e-waste. They also concentrate on designing devices to make the dismantling and replacement of components easy.