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
The market study is being classified, by Application (Material Recycling and Components Recycling) and major geographies with country level break-up.
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).
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global E-waste Disposal market throughout the predicted period.
Analyst at AMA have segmented the market study of Global E-waste Disposal market by Type, Application and Region.
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.
- A scarcity of Precious Metals
- High Rate of Obsolescence of Electronic Gadgets
- Increasing Number of Initiatives by Various Organizations Coupled with Formation of Strict Regulatory Frameworks
- New Product Launches with Updated Features and Additional Services
- Low Awareness in Both Developed and Developing Regions Would Slow the E-Waste Management Activities
- Less Number of E-Waste Collection Zones
- Ongoing Sale of Electronics Products Worldwide
- High Initial Investment
- Lack of Proper Infrastructure Especially in Developing Economies
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