he study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the e-waste management industry in any manner.E waste refers to the waste generated from electrical and electronic equipment that has been discarded. It comprises toxic materials and precious metals such as platinum, palladium, gold, silver, gallium, indium, etc. E-waste management is the process of reprocessing, recycling, and refurbishing these obsolete materials into finished products that are widely used in the production of consumer electronics, IT, and communication devices. It assists in minimizing pollution, protecting human and environmental health, reducing waste materials, preventing natural resources from depletion, saving landfill space, etc.
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The expanding electronic industry is primarily driving the e waste management market across the globe. Furthermore, the growing sales of consumer electronics owing to the inflating disposable income of the consumers, along with the rising penetration of the internet and advanced technologies, are also stimulating the market growth. Apart from this, the elevating health hazards, such as kidney damage, Wilson’s disease, bronchitis, etc., which are usually spread by the discharge of toxic material from incineration and electronic scrap, are further augmenting the market for e waste management. Moreover, the integration of machine learning (ML) and artificial intelligence (AI) to identify, sort, and categorize waste immediately is creating a positive outlook for the global market. Additionally, the implementation of stringent regulations and the launch of favorable policies by government authorities to efficiently manage e-waste and to spread awareness regarding the proper disposal of e-waste are projected to cater to the growth of the e waste management market across the globe in the coming years.
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