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Electronic Waste Recycling Market To Garner Exponential Growth By 2024: Global Forecast News

November 16, 2019 by Market-NewsFlash  

Global Electronic Waste Recycling Market Research Report — by Material (Metals and Chemicals, Plastics, Glass and others), Source (Consumer Electronic and Industrial Electronics) and by Region {North America (US, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia Pacific (China, Japan, Rest of Asia Pacific and India), the Middle East & Africa and South America} — Forecast till 2024

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.

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 Global 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.

Key Players:
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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