Global Electronic Recycling Market to Reach US$41.3 bn in 2019 owing to Increasing Consumption of Electronic Products

In the past few years, technological advancements have revolutionized the electronics market. Electronic products serve a range of areas including communication, environmental protection, education, medicine, health, and food supply. The rising demand for electronic products is expected to propel the global electronic recycling market in the years to come. Every year, only a small amount of electronic waste is recycled, while a large percentage of it is dumped into landfills. Lack of public education and awareness has further led to recycling problems.

However, the increasing government concerns towards the environment have led to the growth of the global electronic recycling market. Even though e-waste represents only 4% of landfill mass, it contains around 75% of environmentally hazardous waste.

Growing Innovative Electronic Recycling Methods to Propel Global Electrical Recycling Market

Recently in the U.S., around 10,000 pounds of electronic waste was collected as a part of the Coral Gables’ electronic recycling event. Electronic waste such as computers, cellphones, printers, and TV sets were collected. STS Electronic Recycling collected all broken electronic products which were then recycled, a plan to divert the waste products from going to the landfills.

The global electronic recycling market was stood at US$9.8 bn in 2012 and is predicted to reach US$41.3 bn by 2019, progressing at a 23.0% CAGR during the period between 2013 and 2019. The global electronic recycling market is predicted to expand at a rapid pace due to factors such as increasing purchase and consumption of electronic products, increasing government concerns over e-waste, urban mining, and support from favorable industry certifications.

Europe to Exhibit Maximum Demand for Electronic Recycling

The global electronic recycling market is segmented on the basis of type and geography. Based on geography, the global electronic recycling market is divided into North America, Asia Pacific, Europe, and Rest of the World. In 2012, Europe led the global electronic recycling market in terms of revenue. The North America electronic recycling market is predicted to grow significantly in the years to come. Some of the leading players in the global electronic recycling market are Eco-Tech Environmental Services Inc., American Retroworks Inc., Dlubak Glass Company, MBA Polymers, Inc., UniversalRecyclers.com, A2Z Group AERC Recycling Solutions, CRT Recycling Ltd., Fortune Plastic & Metal, Inc., and Sims Metal Management Limited.

The global electronic recycling market is highly competitive and fragmented in nature. With several acquisitions and mergers expected to happen in the near future, the global electronic recycling market is predicted to become more competitive for the leading players. With the introduction of new electronic recycling techniques, the leading players are predicted to maintain their dominant position in the global electronic recycling market in the next few years.
    

By type of processed material used as stock, the global electronic recycling market is classified into copper, steel, plastic resins, and others. Currently, the steel segment dominates the global electronic recycling market. Based on the type of equipment processed, the global electronic recycling market is classified into computers, telecom, industrial, and consumer. Currently, the computers segment dominates the global electronic recycling market, owing to the decrease in average lifecycle.

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