What is E-waste Disposal Market?
E-waste, also called as electronic waste and e-scrap, is the discarded electronic devices or trash generated from broken, surplus and obsolete e-devices. Electronic recycling is the process of recovering various material such as copper, aluminium, gold, silver, plastic, glass, and many others from old devices to use in a new series of products. According to American disposal services, approximately 20 to 50 million metric tons of electronic devices are discarded each year
Highlights from E-waste Disposal Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Sims Recycling Solutions (United Kingdom), Eletronic Recyclers International (United States), Kuusakoski (Finland), Umicore (Belgium), Waste Management Inc. (United States), Global Electric Electronic Processing (GEEP) (Canada), Hunan VARY Tech Co. Ltd. (China), Universal Recycling Technologies LLC (URT) (United States), Electrocycling (Germany), Cimelia Resource Recovery Pte Ltd. (Singapore), Veolia (France) and Dynamic Recycling (United States)|
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global E-waste Disposal market throughout the forecasted period. Sims Recycling Solutions (United Kingdom), Eletronic Recyclers International (United States), Kuusakoski (Finland), Umicore (Belgium), Waste Management Inc. (United States), Global Electric Electronic Processing (GEEP) (Canada), Hunan VARY Tech Co. Ltd. (China), Universal Recycling Technologies LLC (URT) (United States), Electrocycling (Germany), Cimelia Resource Recovery Pte Ltd. (Singapore), Veolia (France) and Dynamic Recycling (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Enviro-Hub Holdings (Singapore), E-Parisaraa (India), Environcom England Ltd (United Kingdom), Sage Sustainable Electronics (United States) and Integrated Recycling Technologies, Inc. (IRT) (United States).
E-waste Disposal Market Segmentation:
|Application / End User||Material Recycling and Components Recycling|
|Source Type||Infocomm Technology (ICT) Equipment (Computers, Laptops, Mobile Phones, Other),Home Appliances (Refrigerators, Lightings, Television and Other),Other (Medical Equipment, Toys)|
On the basis of geography, the market of E-waste Disposal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
New Product Launches with Updated Features and Additional Services
Market Growth Drivers:
A scarcity of Precious Metals, High Rate of Obsolescence of Electronic Gadgets and Increasing Number of Initiatives by Various Organizations Coupled with Formation of Strict Regulatory Frameworks
High Initial Investment and Lack of Proper Infrastructure Especially in Developing Economies
Low Awareness in Both Developed and Developing Regions Would Slow the E-Waste Management Activities and Less Number of E-Waste Collection Zones
Ongoing Sale of Electronics Products Worldwide
The California Electronic Waste Recycling Act requires retailers to collect a recycling fee from the buyer at the time of purchase of a video display device containing a screen greater than 4 inches, measured diagonally, such as computer monitors, laptops, and TVs with CRT, LCD, or plasma displays. Fees are deposited in an account managed by the Board of Equalization and paid out to recyclers upon approval of a payment claim. The act also regulates exporting of CRT materials or electronic devices