Global Electronic
Recycling Market: Overview
Over the past few
years, technological advancements coupled with rising disposable
income levels of consumers have revolutionized the electronics
industry. The increasing demand for electronic products is leading to
a rise in electronic waste (e-waste). Every year, 20 to 50 million
metric tons of e-waste is generated globally. Though e-waste accounts
for less than 4% of the global landfill mass, it contains more than
three-quarters of the environmentally hazardous waste. Electronic
recycling helps in recovering special and precious metals and
maintaining circular flow to achieve the availability demand.
According to the US Environmental Protection Agency, for every one
million mobile phones that are recycled, 75 lbs of gold, 35,274 lbs
of copper, 33 lbs of palladium, and 772 lbs of silver can be
recovered. According to the report by Transparency Market Research
(TMR), the global electronic recycling market is poised to rise at a
CAGR of 23.0% from 2013 to 2019, reaching a value of US$41.3 bn by
2019 from US$9.8 bn in 2012.
Browse The Report:
http://www.transparencymarketresearch.com/electronics-recycling-market.html
The report provides
a 360-degree view of the global electronic recycling market. It does
so via historical data, current market scenario, and verifiable
projections about market size. Primary and secondary resources have
come into play while collating this study. It presents an extensive
understanding of various aspects of the market including trends,
opportunities, geographical segmentation, types, technology, and
applications.
Global Electronic
Recycling Market: Drivers and Restraints
The average life
span of most electronics gadgets has been consistently declining.
Fast obsolescence of electronic gadgets is leading to increasing
generation of e-waste, thereby fuelling the growth of the global
electronic recycling market. Moreover, the rising concern for
environment conservation along with increasing awareness among the
consumers regarding benefits of recycling is giving a significant
boost to the market. Other factors such as increasing support and
initiatives by governments, original equipment manufacturers (OEMs),
and nonprofit organizations and growing visibility in terms of
collection methods are driving the market.
However, low levels
of awareness and inadequate public education are leading to high cost
of recycling. Moreover, the presence of inimical regulatory
infrastructure is adding to its cost. These factors are, therefore,
resulting in low recycling rate and consequently impeding the growth
of the market.
Global Electronic
Recycling Market: Geographical Segmentation
On the basis of
geography, the market is categorized into North America, Europe, Asia
Pacific, and Rest of the World (RoW). Europe was the leading revenue
contributor in the market in 2012 followed by North America. The
growth of the Europe market for electronic recycling can be
attributed to the effective reinforcement of strict regulations
pertaining to the recycling of e-waste. Directives such as the Waste
Electrical and Electronic Equipment (WEEE) and the Restriction of
Hazardous Substance (RoHS) have been imposed in this region, which
has given a considerable push to the market. Furthermore, most of the
e-waste from developed countries are imported to developing or
under-developed countries such as Pakistan, China, South Africa, and
India due to the availability of cheap labor coupled with the lack of
proper regulatory infrastructure.
Key Players
Mentioned in the Report are:
The leading players
in the global electronic recycling market are AERC Recycling
Solutions, American Retroworks Inc., A2Z Group, Dlubak Glass Company,
CRT Recycling Ltd., Eco-Tech Environmental Services Inc., Fortune
Plastic & Metal Inc., Sims Metal Management Limited, MBA Polymers
Inc., and UniversalRecyclers.com.
About Us
Transparency Market
Research (TMR) is a next-generation provider of syndicated research,
customized research, and consulting services. TMR’s global and
regional market intelligence coverage includes industries such as
pharmaceutical, chemicals and materials, technology and media, food
and beverages, and consumer goods, among others. Each TMR research
report provides clients with a 360-degree view of the market with
statistical forecasts, competitive landscape, detailed segmentation,
key trends, and strategic recommendations
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