Business Technology

Electronic Recycling Market is Expected to demonstrate a CAGR of 23.0% by 2019

Electronic recycling helps to recover precious metals by ensuring that toxic and hazardous substance are handled properly thereby minimizing the environmental impact associated with mining. Even though recycling of e-waste pose clear benefits, lack of recycling awareness and regulatory infrastructure have resulted to low recycling rate. The global recycling market was valued at USD 9.84 billion in 2012 and is forecast to grow at a CAGR of 23.06% from 2013 to 2019. Implementation of strict recycling regulations, efforts to properly manage electronic waste and technological investments have contributed to the growth of this market.
Increasing consumption of electronic devices, growing government concern and numerous initiatives taken by original equipment manufacturers (OEMs) and nonprofit organizations are the major drivers forĀ electronic recycling market. Though e-waste represents less than 4% of the global landfill mass, it contains more than 75% of the environmentally hazardous waste. As electronic equipment are made up of numerous special and precious metals, maintaining circular flow helps to achieve the availability demand. Additionally, privacy protection concerns have further fueled the market growth.
Due to cost fluctuations of mined steel, most of the manufacturers adopted closed loop practice. Hence steel was the most recycled material from electronic scrap because steel was heavily used in electronic. Computer was the largest segment among recycled equipment in 2012 and is forecast to maintain its dominance in future. This owes to decrease in average lifecycle of computers because of micro chip development. Additionally, commercial sector were highest contributors to recycling market based on source of equipments. This attributes to infrastructural developments across developing economies.

The purchase of electronic products has tremendously risen in the last few years. This, coupled with the mounting government concerns over disposing e-waste, favorable industry regulations and certifications, and urban mining are the key factors boosting the global electronic recycling market. The report provides a comprehensive overview of the market by segmenting it on the basis of the type of processed material, source of equipment, type of equipment processed, and geography.

In terms of processed material used as stock, the global electronic recycling market is segmented into copper, steel, plastic resins, and others (including lead, zinc, nickel, aluminum, gold, silver, and tin). Of these, the segment of steel accounts for the majority share in the market. Based on the type of equipment processed, the market is classified into computers, industrial, telecom, consumer, and others. Since computers, among these, have the lowest average lifecycle, the segment dominates the global electronic recycling market.

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On the basis of source of equipment, the report segments the market into residential users, industry users and manufacturers, schools and universities, the commercial sector, and government agencies. Of these, the commercial segment held the largest share in the global electronic recycling market in 2012.

Regionally, the global electronic recycling market is spread across Asia Pacific, Europe, North America, and Rest of the World. Europe, according to the report, leads the market, followed by North America. The dominance of Europe is largely due to the effective enforcement of stringent regulations mandating the recycling of e-waste. Directives such as the Restriction of Hazardous Substance (RoHS) and the Waste Electrical and Electronic Equipment (WEEE) have been imposed in Europe, which has given a significant boost to the electronic recycling market in the region. South Africa, as per the report, is also fast emerging as a lucrative market, given the country is already a dumping ground for e-waste generating in several developed countries. Other emerging nations such as India, China, and Pakistan also hold immense potential for growth in forthcoming years, states the report.