The global E-Waste management market is expected to grow at a CAGR of 23.5 percent from 2014 to 2020, according to Big Market Research.
According to the UN initiative, the world produced nearly 50 million tons of E-Waste in 2012, on an average 15 lbs per person across the globe. In 2012 UK produced, 1.3 million tons of electronic waste.
Meanwhile, China generated 11.1 million tons of E-Waste, followed by United States that accounted for 10 million tons in 2012.
The trend for adopting new technologically upgraded and advanced devices generates million tons of E-Waste across various regions.
E-Waste management initiatives are being taken by the government to reduce the E-Waste generated across the world.
Market players are taking measures to recycle the E-Waste to reduce the pollution and environmental hazards.
In June, Dell launched its first computer OptiPlex 3030 made of plastics obtained from recycled electronics, using closed loop recycling process.
In 2010, US discarded about 258 million units of computers, cell phones, TV sets and monitors.
North America has been exporting its E-waste to developing countries such as China and Japan, which is recycled there generating revenue for the market.
According to a recent market trend seen in North America, majority of E-Waste is trashed to developing countries.
Developing countries lead in recycling the E-Waste, as majority of E-Waste is exported to emerging countries by developed countries.
Amongst all sources of E-Waste, refrigerator sets from household appliances are discarded in highest number as compared to other household appliances.
The decrease in the life cycle of electronic products like computers, laptops and cell phones is generating large amount of electronic waste in North American region.
Sabeena Wahid
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