Published on : Apr 19, 2017
Albany, New York, April 19, 2017: Although still at the nascent stage, the recycling of used electronics and electronic items is fast gaining momentum in terms of gaining the attention of the public and also the governments. The mounting e-waste generated across the globe, owing to reduced lifespan of electronic devices and the consumer’s want for latest technology have resulted in humongous amount of electronic waste. ResearchMoz.us has recently added a new report targeting the newly budding e-waste recycling market. The report is titled, “Global E-waste Recycling Market Research Report 2017.” The growing penetration of computers, smartphones, electronic appliances, and home and kitchen electronic items has created a need for effective electronic recycling and treatment of this e-waste.
According to the report, continuous advancements in technology is one of the key reasons why consumers are discarding their old electronic devices and perceiving them as obsolete, when new gadgets of the same category are flooding the markets. Dumping of e-waste is becoming an issue as it aggravates the existing pollution further. It is thus recommended and encouraged to reuse electronics and also to refurbish them and putting them back to use.
E-waste recycling comprises material processing and recovery, asset management and logistics, collection services, and triage and de-manufacturing. The global e-waste recycling market is projected to witness a robust growth and expand at exponentially within the forecast period. Recycling of e-waste enables the recovery of precious metals and minerals, encouraging their adoption. The development of appropriate infrastructure for e-waste recycling is also boosting the growth of the market. In addition to this, innovations and advancements in recycling technologies will ensure the development and growth of the e-waste recycling market.
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On the basis of geography, the global e-waste recycling market is segmented into Europe, Asia Pacific, North America, and the Rest of the World. Of these, Europe is leading in the e-waste recycling market on account of the strict and stringent implementation of e-waste reuse and recycling services. Asia Pacific will also turn out to be one of the most lucrative markets for e-waste recycling in the coming years. Asia Pacific has a huge electronic market and the use of electronics is also therefore very high, resulting in abundant e-waste. In addition to this, cheap labor in countries such as China, will also be a factor behind the growth of the e-waste recycling market in Asia Pacific. By product, the global e-waste recycling market is segmented into Infocomm Technology (ICT) Equipment and home appliances. On the basis of application or end user, the market is segmented into government, enterprise, and ENGO.
Some of the key players operating in the global e-wste recycling market are Stena Techno World, Gem, SIMS RECYCLING SOLUTION, Kuusakoski, Umicore, WASTE MANAGEMENT, environCom, Dongjiang, Eletronic Recyclers International, CIMELIA Resource Recovery, GEEP, and Veolia.
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