Electronic Waste Recycling Global Market – Overview
E-waste, a category of waste which encompasses a broad range of discarded sold or donated electronic devices. These include mobile phones, computers, personal stereos, fluorescent and incandescent light bulbs, as well as large household appliances such as television sets, refrigerators, washing machines, air conditioners, etc. electronics manufacturing is now the world’s largest and fastest growing industry. Due to rapid changes in technology and falling prices, millions of tons of high-tech electronic devices become obsolete in the developed nations every year. Electronic waste recycling is done in generally two ways, traditional manual disassembly method and automated process. However, with rise in technological advancement and adoption of automation, the automated process is mainly used for recycling process. One of the major factors that add to the growth of electronic waste recycling is the increasing quantity of electronics waste and environmental concerns. Additionally, many governments are taking initiative for managing and recycling the electronic waste.
The prominent players in the Electronic Waste Recycling Market are – Polymers, Inc. (California), Electronic Recyclers International, Inc. (U.S.), Sims Metal Management Ltd. (Australia), Aurubis AG (Germany), Boliden AB (Sweden), Stena Technoworld AB (Sweden), Tetronics (International) Ltd. (U.K.), Enviro-Hub Holdings Ltd. (Singapore), Global Electric Electronic Processing Inc. (Canada), Umicore S.A. (Belgium) among others are profiled in MRFR Analysis and are at the forefront of competition in the Global Electronic Waste Recycling market.
LG Electronics, U.S. was recognized by the U.S. Environmental Protection Agency (EPA) with the Gold Tier Award, the top-level recognition in the EPA’s Sustainable Materials Management (SMM) Electronics Challenge. The award recognizes LG’s significant contributions to the EPA’s SMM Electronics Challenge goals by increasing the amount of used electronics collected for reuse and recycle, striving to send 100 percent of used electronics collected to certified third-party recyclers, and publicly sharing detailed information about its electronic management practices.
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December, 2017, Council starts e-waste recycling service in Foxton. E-waste, or electronic waste, is discarded electrical or electronic devices such as televisions, computers, printers, cameras, batteries, and fixed-line and mobile phones. E-waste contains valuable elements, such as copper and gold, which can be re-used. The council claims to recycle about 80,000 tonnes of e-waste every year. Small items such as mobile phones will be recycled for free and will charge for larger items such as televisions, photo copiers covering the cost of processing and transportation. This initiative will help the enterprises in New Zealand to acquire the used supplies in cheaper rates.
December, 2017, Experts welcome e-waste recycling facility. The E-waste recycling and dismantling facility, worth $1.5 million (about Rwf1.2 billion) whose construction was financed by the Rwanda Green Fund (FONERWA), is located in Bugesera District in Eastern Province, will transform e-waste into valuable materials, minimise the effect of environmental hazards and offer more green jobs. Environmental experts say the plant comes as a solution to environmental challenges caused by e-waste as electronics contain hazardous components which pollute water and soil. This recycling facility is tend to create jobs for various different regions, reducing the cost of usable supplies.
November, 2017, Recycling e-waste can help create jobs and reduce poverty in Africa. According to the European Union Network for the Implementation and Enforcement of Environmental Law (IMPEL), around 50 million tons of personal computers (PCs) are thrown away each year. Part of this waste probably ends up in Africa, thereby increasing the chances of creating jobs.
Electronic Waste Recycling Global Market – Segmentation
Segmentation by Processed materials component: plastic, metal, glass.
Segmentation by source of equipment: Consumer electronics, IT & telecommunication, household appliance.
Segmentation by Region: North America, Europe, Asia Pacific, rest of the world.
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Electronic Waste Recycling Market – Regional Analysis
By geography, the market for electronic waste recycling is dominated by Europe. This is because of the strict government regulations and initiatives for environment protection. The Asia Pacific and rest of the world is expected to grow at a fast rate accounting to the factor of cheaper labour and higher barren land. An article published by the Environmental Health Perspectives shows that each month100, 000 PCs arrive at the Nigerian port of Lagos alone.
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