A recent study by Transparency Market Research (TMR) forecasts that the global electronic recycling market will grow at a healthy CAGR of 23.06% from 2013 to 2019. TMR, a market intelligence firm based in the United States, in its report, says that this market was valued at US$ 9.84 billion in 2012. The report is titled ‘Electronic Recycling Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019’.
The market research report on the global electronic recycling market states that this market is essentially driven by factors like greater technological investments, formulation and strict implementation of rules pertaining to recycling, and better management of electronic waste materials. Rising government concern, initiatives being taken by nonprofit organizations and original manufacturers of original equipment, and extensive use of electronic devices are some of the other factors driving the global electronic recycling market.
The growth of the electronic recycling market is hindered by the low rate of recycling due to inadequate awareness with respect to recycling, and regulatory infrastructure. Geographically, the global electronic recycling market is led by Europe, followed by North America. It is expected that the quantity of electronic waste will increase manifold in the forthcoming years because this area is serving as a ground for dumping electronic waste.
This research report explains that the main purpose of electronic recycling is the recovery of precious metals. Also, electronic recycling ensures that harmful and toxic materials are managed properly so that there is lesser environmental damage with regard to mining. Electronic waste contains more than 75% of environmentally toxic waste, even though it contributes to less than 4% of the global landfill mass. A rather negligible percentage of electronic waste is actually being recycled worldwide, and most of the electronic waste is disposed into landfills. The problem of recycling can be owed to the lack of widespread awareness and insufficient public education on the aspect of recycling.
According to the TMR report, the global electronic recycling market is segmented on the basis of the source of equipment processed, the type of equipment processed, the type of processed material, the type of processed material used as stock for new electronic products, and geography. Steel, copper, plastic resins, gold, nickel, and lead are some of the processed materials studied in this report. On the basis of the type of source of the equipment processed, the global electronic recycling market has been segmented into government agencies, residential/consumer, universities and schools, the commercial segment, and industry manufacturers/users.
Based on the equipment processed, this market has been classified into consumer, industrial, telecom, computer, and others. This research report has covered the competitive landscape of the global electronic recycling market by discussing the profiles of some of the key players operating in this industry. This report has covered various aspects like the financial structure, the prevailing trends, company overview, and the business strategies of the players in the global electronic recycling market.
Some of the prominent companies covered in this report are A2Z Group, Universal Recyclers Technologies, Sims Metal Management Limited, MBA Polymers, Inc., Fortune Plastic & Metal, Inc., Dlubak Glass Company, CRT Recycling, Inc., American Retroworks, Inc., AERC Recycling Solutions, and Eco-Tech Environmental Services, Inc.
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