Global E-Scrap
and PCB E-Scrap Market: Snapshot
E-waste includes
electronic items such as computers, laptops, television sets, mobile
phones, and various other electrical or electronic household
appliances. The growing usage of these electronic items has augmented
the demand for e-scraping in recent years. The increasing
advancements in technology has created an influx in the market,
creating a need for scrapping the old electronics. The report states
that market will witness sustained growth as this trend continues to
grow. According to the research report, the global e-scrap and
printed circuit board (PCB) e-Scrap market scrapped 43.7 mn units in
2015 and is expected to scrap 69.7 mn units by the end of 2026.
Browse The Report:
http://www.transparencymarketresearch.com/e-scrap-printed-circuit-board-e-scrap-market.html
Persistent
Technological Advancements to Propel Market Growth
The global e-scrap
and PCB e-scrap market is expected to grow against the backdrop of
persistent technological advancements and innovations that have
brought in newer technologies, making in the previous ones obsolete.
Thus, the mass junking of older electronics has led to a dire need
for their organized collection and effective scrapping. The shortened
lifespan of electronic and electrical products is largely responsible
for the growth of the global market. The report suggests that the
market will be also fueled by the presence of precious metals in
several electronics and electrical products such as palladium,
silver, gold, gallium, and tantalum. Several player are focused on
extracting these metals for the purpose of reusing by smelting and
refining them.
Recycling of old
electric or electronic products also reduces the burden on mining of
primary metals that used in making these products. Thus, the
e-scrapping industry is extremely important from energy saving point
of view. The growing environmental pressure to reduce landfills and
stringent governmental regulations pertaining to pollution are
collectively driving the remarkable progress of the global market.
Asia Pacific
Remains at the Forefront of Global Market as Uptake of Electronics
Rises
In terms of regions,
the global e-scrap and PCB e-scrap market is segmented into North
America, Asia Pacific, Latin America, Europe, the Middle East and
Africa, and South America. Of these, Asia Pacific holds the leading
share the global market. By the end of 2026, this regional market is
estimated to make a contribution of 42.2% to the overall e-scrap
market in terms of volume. This mammoth share will be attributable to
the emerging economies of Japan, India, Korea, and China that are
engaged in phenomenal manufacturing activities. Furthermore, the
rising disposable incomes, strengthening GDPs, and enhancing
purchasing power have all contributed toward overflowing landfills in
these countries. Thus, there is a massive need for recycling in these
countries, which is expected to keep Asia Pacific at a forefront of
the global e-scrap and PCB scrap market.
Out of the various
sources, the household appliances is expected to make a generous
contribution to the sustained progress of the global market. The
uptake of various household appliances, telecommunication products,
and entertainment devices is likely to increase in the coming years
due to the emergence of the middle class. This in turn in expected to
foster the growth of the global e-scrap and PCB e-scrap market.
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