Electronic Scrap Recycling Market Size by 2022: Global Analysis with Players, Regions, Types, Applications

The need for electronic scrap recycling is rising in response to the progressively shorter lifespan of electronic products and stringent government regulations governing the collection and processing of electronic waste (e-waste). The global electronic scrap recycling market is anticipated to expand at a CAGR of 7.2% by volume during the forecast period from 2015 to 2022. Disposal or landfilling of e-waste raises serious health and environmental issues. On the contrary, its recycling proves to be a feasible solution for the elimination of its harmful effects. E-waste consists of unwanted or broken electronic or electrical devices, and peripherals such as smartphones, televisions, laptops, refrigerators, computers, printers and other electronic products.

The ever-rising problem of e-waste is being solved with the use of electronic recycling. Most electronic products are made up of metals, which are recyclable. The dismantling and recycling of end-of-life electronic products promotes the conservation of undamaged natural resources. Moreover, electronic recycling helps in minimizing the air and water pollution that is common in the disposal and landfilling of e-waste. Electronic recycling consists of three main processes: collection, pre-processing, and end-processing. The overall electronic scrap market was valued at US$ 11.03 Bn in 2014.

The key drivers of the market include increased use of electronic products and shorter product lifecycle, prevention of environmental and health hazards, stringent regulation governing the collection and processing of e-waste and economic advantages of e-waste recycling. One of the key advantages of electronic recycling is the elimination of environmental and health hazards instigated by the disposal of e-waste in landfills.

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According to the Federal Environmental Protection Agency (EPA), in the U.S., more than 4 million tons of e-waste are disposed in landfills every year, and this volume is expected to increase in the coming years. This e-waste contains a substantial amount of toxic and non-biodegradable substances such as lead, mercury, cadmium, arsenic, and antimony. When e-waste is disposed in landfills, these toxic substances contaminate the water and soil, resulting in health problems. Recycling e-waste minimizes its propensity to cause health and environmental hazards.

The use of electronic products and household equipment is on the rise globally. Most of the resultant e-waste from discarded electronic and household equipment is disposed of in landfills or exported illegally across international borders. The hazardous effects of e-waste and stringent government regulations to prevent improper disposal make electronic scrap one of the fastest-growing recycling segments. Europe is the second largest producer of e-waste in the world.

According to this legislation, every year a minimum of four kilograms of e-waste per capita of the national population should be collected and recycled. This requirement might surge to approximately 13 to 16 kilograms of e-waste per person per year. Likewise, the Australian government has taken many initiatives to promote e-waste recycling. According to the Australian National Television and Computer Recycling Scheme (NTCRS), rather than exporting and landfilling, e-waste must be recycled according to the environmental guidelines.

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In order to promote this practice, since mid-2012, e-waste collection services have been provided across Australia and existing facilities were used for recycling. Presently, to collect obsolescent computers and televisions more than 40 drop off points are operational in the country. Moreover, in March 2012, the U.S. General Service Administrator (GSA) announced a new e-waste policy for Federal Government banning all Federal agencies, from disposing e-waste in landfills. Thus, stringent regulations pertaining to environmentally friendly processing of e-waste drives the electronic recycling market. However, high costs involved in recycling process and technical barriers to the smelting and refining processes posing challenge to the market growth.

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Pragati Pathrotkar

Pragati’s longstanding experience in the field of market research is reflected in her insightful news articles on business, science, and technology as presented on Edition Truth. Her interest lies in understanding the ramifications of cultural diversity, green behavior, ecommerce, economic progress, and technical consciousness on these increasingly consumer-oriented industries. Her understanding of digital marketing techniques gives her news stories an engaging twist.

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