Electronic wastes, "e-waste", "e-scrap", or "Waste Electrical and Electronic Equipment" ("WEEE") is a description of surplus, obsolete, broken or discarded electrical or electronic devices. Electronic Waste – or e-waste – is the term used to describe old, end-of-life electronic appliances such as computers, laptops, TVs, DVD players, mobile phones, mp3 players etc. The perception of e-waste is often restricted to a narrower sense, comprising mainly of end-of-life information- & telecommunication equipment and consumer electronics. However, technically, electronic waste is only a subset of WEEE (Waste Electrical and Electronic Equipment).
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. Ever increasing demand and scarcity of rare metals has been leading to rapid rise in prices of these metals. Such metals need to be recovered from e-waste for reuse in another production. For instance, in one million mobile phones in e-waste, there is around 250 kg of silver, 24 kg of gold, and nine tons of copper that can be recovered. This also benefits manufacturers to produce electronic devices with lower cost and gain cost advantages over competitors.
Few Indian Major Players
1. E-Parisaraa Pvt. Ltd.
2. Ecocentric Management Pvt. Ltd.
3. Greenscape Eco Mgmt. Pvt. Ltd.
4. Navrachna Recycling Pvt. Ltd.
5. Sims Recycling Solutions India Pvt. Ltd.