May 9, 2016
According to Stratistics MRC, the E-Waste Management Market is valued at $2.4 billion in 2015 and is projected to reach $9.5 billion by 2022 growing at a CAGR of 21.4% from 2015 to 2022. The factors such as rapid product innovations, adoption of latest technologies and agreements are boosting the market growth. Growing market penetration in developing countries, replacement of markets in developed countries and a high undesirability rates are some of the key factors driving the market growth. However, some components such as toxic substances, increasing the pollution of land, air and water are hampering the market growth. As electronic products is rapidly becoming obsolete and are being replaced at a very short life span. This reducing life span of electronic device is however a challenge before the technology industry.
North American market is expected to witness the highest CAGR in exporting the E-Waste to developing countries. These exports generate a large quantity of trash for recycling in emerging markets. The Asia-Pacific comparatively generates larger revenue from the recycled E-Waste. However, North America is also in the process of recycling the E-waste, which would add a significant share to the global market.
Some of the key players in the market include Boliden AB, MBA Polymers, Inc., Stena Metall AB, Enviro-Hub Holdings Ltd., Global Electric Electronic Processing Inc., Aurubis AG, Tetronics International Ltd., Electronic Recyclers International, Inc. , SIMS Metal Management, Ltd., Umicore S.A., CRT Recycling Inc., LifeSpan Technology Recycling Inc., Triple M Metal LP, E-Waste Harvesters, Electronic Waste Management, E-Waste Systems, Inc., MRI (Australia) Pty Ltd., Desco Electronic Recyclers and Waste Management Inc.
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Why E-Waster Matters:
Let’s face it: We’re constantly buying new gizmos. The new phone, the next- generation video game, etc. But what happens to the old stuff? Since the seventies, we’ve learned to recycle cans and bottles. Now it’s time to learn how to recycle our old gadgets.
While the e-waste crisis seems grim, solutions do exist. One of the solutions is for electronics manufacturers to stop using dangerous, hazardous materials when constructing electronics.
Another helpful solution is for manufacturers to start taking responsibility for the full life cycle of their electronics, taking back electronics for safe recycling, disposal or re-use after they reach the end of the life cycle.
Planet Green is part of the solution by remanufacturing ink cartridges. These remanufactured ink cartridges are just as good as their original-brand counterparts – the average ink cartridge can be remanufactured up to four times. This keeps tons of plastic, metals and toxic chemicals out of landfills.
Of course, it’s not just electronics manufacturers that can help. You can help too, by supporting companies that work to make eco-friendly products, returning electronics to the manufacturer after use and thinking before purchasing new devices if you don’t need them.
And of course, a great way to help reduce this mounting problem is to participate in e-waste recycling drives such as the one offered by Planet Green Recycle.