E-Waste Recycling is the reprocessing of electrical and electronic gear of various kinds which have been disposed of in order to reuse it. The E-Waste incorporate family appliances, for example, TV, forced air systems, PCs, cell phones, workstations, DVDs, stove, microwave, fans, warmers, toasters and others. Recycling of E-Waste is an up and coming pattern which developing monstrously as there is an extreme need to secure human and ecological well-being? E-Waste have a high effect on condition, the contamination because of the expanding E-Waste as prompted the recycling of E-Waste on a bigger scale.
Seattle, WA -- (SBWIRE) -- 12/03/2019 -- With the influx of digitisation, an increasing number of individuals are purchasing intelligent electronic devices such as smartphones and gadgets. Thus, the increasing adoption of electronic devices has created a load on companies in the E-Scrap Recycling Market to ensure the safe recycling of devices while abiding to the regulations laid down by various governments.
Companies in the e-scrap recycling market are facing several challenges that are negatively affecting market growth. Exporting e-waste to developing countries leads to health risks for workers who dismantle electronic devices involving hazardous and toxic materials. Inefficient recycling infrastructure in developing countries has led to numerous health and environmental concerns.
Apply Here for Free PDF Brochure: https://www.worldwidemarketreports.com/sample/287964
Although the volume of e-waste is multiplying, the quality of e-waste is getting affected, as devices are becoming smaller and smaller as a result of product developments. As a result, these products contain very little amounts of precious metals, which is lowering the value of materials in the e-scrap recycling market. Hence, companies in the e-scrap recycling market are collaborating with non-profit trade associations such as ISRI (Institute of Scrap Recycling Industries) to increase awareness about e-waste recycling challenges, and are participating in developmental programs to formulate strategies.
After Europe, Asia Pacific is projected to maintain its position as the second-highest region in terms of recycling volume, with an estimated output of ~5,200 thousand metric tons in the e-scrap recycling market by the year 2027. Since India is one of the rapidly developing economies in Asia Pacific, manufacturers are increasing their focus in the region. As such, there is growing demand for a well-designed and well-regulated e-waste recovery regime in India, as the country is highly deficient in terms of precious metals. Hence, companies in the electronic scrap recycling market can tap into incremental opportunities in India and gain profits, as labour is relatively cheaper in comparison with developed economies.
Increased Use of Electronic Products and Shorter Product Life-cycle: A Key Driver
- The demand for electronic and electrical equipment has risen drastically with advancements in technology. Persistent innovations in electronic and electrical technologies have further shortened the life of electronics and electrical products.
- E-scrap primarily comprises laptops, computers, mobile phones, television sets, and other electrical or electronic household appliances. The global production of e-scrap is increasing rapidly, and it is expected to continue to grow in the coming years.
- Additionally, the presence of various precious metals such as gold, silver, palladium, tantalum, and gallium makes e-waste attractive for recycling. Thus, most companies in the field are switching to the electronics recycling business, thus boosting the e-scrap recycling market.
Key Players in the E-Scrap Recycling Market are JX Nippon Mining, Metal Corporation, Umicore N.V., DOWA HOLDINGS Co., Ltd, Sims Metal Management, ITRenew, Inc., Stena Metall AB.,
Place an Inquire for Full ToC: https://www.worldwidemarketreports.com/quiry/287964
Customisation of the Report
In case of any queries or customisation requirements please connect with our sales team, who will ensure that your requirements are met.