Increasing Electronics Ownership Translates into Growth Opportunities for E-waste Recycling and Reuse Services

The decrease in commodities prices has resulted in their increased consumption inducing disposal problems for the recycling industry. In particular, the recycling of e-waste requires considerable resources and expertise to prevent adversities to communities. For example, improper disposal of e-waste could result in toxic materials to seep into soil and ground water, and also pose a risk for individuals who handle the e-waste.

With plummeting electronic devices’ prices, recyclers face the challenge of declining value of materials and increasing returns of low-value devices. On the other hand, to derive the best reuse potential of electronic devices is another challenge that the reuse services industry is presently facing, suggests a new report on the global e-waste recycling and reuse services market by Transparency Market Research (TMR). According to TMR, the global market for e-waste recycling and reuse services will rise at a CAGR of 23.06% between 2013 and 2019.

Q. What are the major factors driving the electronics recycling industry?

A. The recycling of electronic items is currently at a nascent stage, but it is gaining momentum due to rising public awareness and implementation of government policies. The reduced lifespan of electronics is leading to a mounting e-waste that needs to be recycled. For example, television, computers, fax machines, and mobile phones are considered e-waste when their functional lives come to an end. 

Besides this, rapid advancement in technology is leading to electrical and electronics products fast becoming obsolete and are also considered as e-waste. To address this, the dumping of e-waste has emerged as a serious concern that needs proper legislation to prevent the problem from aggravating.

Moreover, electronics recycling is in the interest of users, which is also driving the electronics recycling industry.

Q. What are the major factors holding back the growth of the e-waste recycling market?

A. The growth of the e-waste recycling market is challenged by several factors. First and foremost, the high cost of e-waste management is challenging the execution of this process. In developing regions, low awareness about the need for e-waste recycling and lack of infrastructure for the same is impeding the growth of the e-waste recycling market.

Q. How is e-waste reuse alleviating concerns of e-waste recycling?

A. The emerging trends of reuse and refurbishment of e-waste are increasingly being regarded as the next generation strategies for mitigating the concerns of e-waste dumping and e-waste recycling.

Q. How are regional markets faring in the global e-waste recycling and reuse services market?

A. Europe is currently the dominant regional market for e-waste recycling and reuse services. This is mainly due to stringent regulations that have been formulated and implemented for e-waste recovery. However, Asia Pacific will emerge as the most attractive market for e-waste recycling and reuse services in the coming years. The abundance of e-waste due to a flourishing electronics industry in China and the availability of cheap labor in the country will fuel the growth of this market in Asia Pacific.

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