subject: Stringent E-waste Regulations Set to Drive the E-waste Management Market [print this page] E-waste Management Market to 2020 - Emerging Economies Poised to Capitalize on E-waste Recovery and Recycling Market
Global E-Waste Recovery Market Holds Enormous Revenue Potential and is Expected to Reach $21billion by 2020
The global e-waste management market has shown an upward trend over the recent years. The increasing e-waste recycling rate across all geographies is set to drive the global e-waste recovery market. GBI Research anticipates the market to reach $21billion in 2020 from $6.9billion in 2009. Stringent government regulations and policies on the recycling and safe disposal are increasing the e-waste recycling rate across the globe.
Emerging Economies of Asia Expected to Capitalize on E-waste Recovery
E-waste is one of the fastest growing waste streams in the emerging economies of Asia, particularly in China and India, due to the increasing market penetration of electrical and electronic goods such as computers, televisions, and mobile phones in these markets. Advances in technology have reduced the average life cycle of these products, and this reduced life cycle means an increase in the obsolescence rate of electrical and electrical products, thereby increasing the volume of e-waste generated. The market penetration of Personal Computers (PCs) and mobile phones is still quite low in India and is expected to grow rapidly in the future. Apart from the consumer-end issues, another major source of obsolete PCs in the e-waste market is the large software industry where the use of and demand for the latest technology, higher computing speeds and increased efficiency implicitly increases the obsolescence rate. The high market penetration of advanced electronic products and the increasing fast-consumption patterns will increase the overall volume of the e-waste generated in India and China in future.
Stringent E-waste Regulations Set to Drive the E-waste Management Market
Stringent government regulations pertaining to electronic waste (e-waste) management are set to drive the e-waste recycling market. The European Union (EU) has formulated series of legislative directives and regulations to increase the recovery, recycle and reuse of e-waste. These directives also impose directives on the electrical and electronic manufacturers to take responsibility for their product in the market and make arrangements for recycling them after their disposal.
