If you haven’t noticed, there are more and more electronic devices in our lives these days. This has led to a growing demand for recycling companies like this one, which offers businesses and individuals the ability to safely dispose of their old electronics while they take advantage of the latest and greatest technological developments available to them. While most people simply throw away their old devices as trash or donate them to charity, other individuals or organizations see it as an opportunity to make some extra money by recycling their e-waste products.
E-waste recycling plants are an excellent way to reduce the amount of e waste that ends up in landfills and incinerators. These businesses are also environmentally friendly since the recycling process does not create any toxic emissions. With an e waste recycling plant, you can turn a profit by collecting discarded electronics from consumers, government agencies and corporations
Benefits of Starting Business of E-Waste Recycling Plant
E-wastes are one of the fastest growing waste streams in the world. As more and more electronics are being made, more and more e-wastes are being disposed. This is where our recycling plant comes into play. Currently, only a small percentage of these wastes are recycled. With our recycling plant, we aim to make it so that all recyclable e-wastes can be turned into new products.
A recent study showed that every year Americans throw away 2 million tons of electronic devices with 1.5 million tons consisting of CRT (cathode ray tube) televisions, computer monitors and televisions sets which take up more than six pounds per person annually! Over time, it is predicted that more and more plastics will end up in landfills as they break down because there isn't enough room on land for old appliances to store them. Without something changing soon, there will not be any room left for anything else to go on Earth at all. That's why we need to start doing things differently and now. That's what this recycling plant does - turn these broken pieces of equipment into new ones.
Global Market Outlook
The global e-waste management market size was valued at $49,880 million in 2020, and is projected to reach $143,870 million by 2028, registering a CAGR of 14.3% from 2021 to 2028. The APAC region will spearhead the electronic waste recycling market over the forecast period. New product developments for constant innovations and also constant fall in prices of electronic goods, increase in per capita income across several countries, increase in sales of electronic devices like computers, refrigerators, and mobile phones, increase in sales of electrical and electronic devices, hesitance to repair defective devices, dumping of e-waste from developed regions to developing countries like Pakistan, China, and India, rising environmental concerns, increasing electronic wastes, government efforts for electronic waste management in Japan and China, the presence of vast number of industry experts, immense technical knowledge, readily available workforce, and the implementation of several government policies are adding to the global electronic waste recycling market growth in the region.
Conclusion
The establishment of an e-waste recycling facility has numerous advantages. One benefit is that it's a fantastic way to get rid of harmful waste and clean up the environment. Additionally, by giving communities a reliable source of income, it fosters job growth and aids in community development. Finally, it is important to note that recycling e-waste minimises the demand for new manufacture, which saves money and resources. As a result, there will be less demand for natural resources like petroleum and metal ores. Additionally, this procedure makes sure that these harmful items won't damage groundwater supplies by keeping them out of landfills. With all of these advantages in mind, establishing an e-waste recycling facility can be the best decision for your business.
Key Players:
· Umicore SA
· Quantum Lifecycle Partners
· Enviro-Hub Holdings Ltd
· Stena Technoworld AB
· Tetronics International Limited
· Electronic Recyclers International Inc
· SIMS Limited • Aurubis AG
· Boliden AB
· Attero Recycling Pvt. Ltd.
· Great Lakes Corporation
· E-Parisaraa Private Limited
· Greentec
· Cleanaway
· Veolia Environment SA
