E-WASTE RECYCLING INDUSTRY:

The increasing rise and popularity of home electronics, ranging from laptops to smartphones to flat-screen televisions, has transformed this field into a multibillion-dollar worldwide sector with a quick turnaround time. One of the fastest growing waste streams in both emerging and developed nations is electrical and electronic waste management technology and recycling. One of the causes contributing to the increasing rise of electrical and electronic waste is fast technological innovation and ever-shortening product life cycles. Because it is both a valuable commodity and a source of hazardous waste, electrical and electronic trash is naturally difficult to manage. This conflict is the motivating force behind the ongoing task of maximising the economic value of a potential resource while minimising environmental and social harm. A multitude of economic, environmental, and societal issues influence and are influenced by electrical and electronic waste disposal procedures. Because of the enormous amount and quantity of electrical and electronic waste it processes, the information technology asset disposal (ITAD) business bears the brunt of these developments.

E-WASTE RECYCLING MARKET IN INDIA:

E-waste is now the fastest-growing waste stream, with computer equipment accounting for about 70% of it, followed by telecommunications (12%), electrical equipment (8%), and medical equipment (2%). (7 per cent). In the country, e-waste is expanding at a 30% compound annual growth rate (CAGR). E-waste generation was projected to be 1.8 MT per year by ASSOCHAM, one of India’s leading commercial organizations.

The demand for the e-waste recycling business: In India, there is a considerable demand for business recycling, particularly for electronic waste. The electronic trash is included in the garbage disposal, and its percentage ranges from more than 70% to more than 80%. For the industry of recycling e-waste, there is a big market available.

GLOBAL E-WASTE RECYCLING MARKET OUTLOOK:

The global e-waste recycling market is expected to expand at a CAGR of 7.3%. The market is highly fragmented including a wide range of participants across the value chain such as de-manufacturers, collectors, material processors, recyclers and re-furbishers among others. Companies involved in the e-waste recycle & reuse industry purchase, overhaul, recycle and sell obsolete or excess electrical & electronic products. Growing environmental concern and initiatives undertaken by government, non-profit organizations, and equipment manufacturers are anticipated to be the key factors driving the global electronics recycling market growth. Further, growing awareness regarding eco-friendly products is also expected to fuel the market demand. Factors such as environment sustainability programs, limited shelf life of electronic products, and existence of rare earth metals and high rate of obsolescence are further expected to spur the global market growth over the next few years. In addition, lack of consumer awareness and inadequate public education is further expected to fuel market demand.

TOP PLAYERS WORLDWIDE

• Aurubis AG (Germany)
• BaoBab Clean Tech (India)
• Umicore (Belgium)
• Sims Metal Management Limited (U.S.)
• Adatte E Waste Management (India)
• Attero (India)
• Boliden (Sweden)
• Stena Metall Group (Sweden)
• Cerebra Integrated Technologies (India)
• Tetronics (International) Limited (U.K.)
• Electronic Recyclers International, Inc. (U.S.)
• Enviro-Hub Holdings Ltd. (Singapore)