Market Overview
Electronic waste, simply known as e-waste refers to the used electronic materials that are discarded as unwanted, non-functional or nearing the end of their lifetime. It includes both the segments – dumped devices and those destined for recycling, refurbishment and resale. Consumer and business electronics ranging from home appliances to electronic utilities, and communication and information technology devices are all contributing for the generation of electronic waste. Computers, fax machines, printers, refrigerators, smart phones, televisions and stereo devices among others are some of the leading waste generating categories globally. Disposal of electronic devices has been a global concern creating considerable pollution in the environment. Components in these devices contain several toxic substances and radiating elements that affect soil, water and air, thereby affecting human, plant and animal communities.
Market Dynamics
Drivers
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Growth in communication and information technology sectors
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Government initiatives towards electronic waste recycling
Restraints
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Stringent regulatory requirements
Market Segmentation
Glass is one of the major constituents of e-waste particularly in video devices, computers and other information devices. It is largely used as displays, imaging screens and in cathode ray tubes (CRTs) of television and computer sets. Glass account for nearly 15% of the consumer electronics and 27% in particular in video products. Incineration and landfilling have been the most common disposal activities in glass over decades. However, the evolution of effective recycling and waste management processes motivated the diversion towards recycling and value-addition.
The global e-waste management market in glass recycling valued USD 1,536.14 million in 2019 is estimated to reach USD 1,811.43 million by 2027, growing at a CAGR of 2.3% during 2020-2027
The growth of ICT based electronic devices including smartphones, computer sets and laptops will drive the growth of this segment over the forecast period. The recycling of glass from these devices is a complex process, owing to the presence of glass with different compositions. For instance, the front panel of the tube is a lead-free barium-strontium glass and integral parts such as funnel are made of glass with lead oxides.
Geographical Analysis
Asia-Pacific is growing at the CAGR of 5.2% during the forecast period (2020-2027).
Asia Pacific is the dominant region for the global e-waste management market and is expected to grow at the highest CAGR during the forecast period due to the presence of a huge population with increasing the sale of electronic devices. According to the International Solid Waste Association Report, the Asia region has generated around 24.9 million tonnes of E-waste due to increasing the adoption of advanced electronic and electrical devices, which propels the demand for replacement of the old device with new followed by North America.
The e-waste management systems found in Asia are rather broad. They range from very advanced e-waste management systems, such as in South Korea, Japan, China, and the province of Taiwan, to informal activities that coexist alongside the advanced recycling system in China but which dominate the e-waste management in the other parts of Asia. E-waste management in South Asia is largely based on informal sector activities for collection, dismantling, and recycling. Legislation in India has been a driver for the setting up of formal recycling facilities, and there are about 312 authorized recyclers in India, with the capacity for treating around 800 kt per year.
However, the formal recycling capacity remains underutilized, as the majority of the waste is still handled by the informal sector. There are 31 authorized PROs that provide compliance services, including the collection and channelization of e-waste to formal recycling facilities, as well as the administration of awareness campaigns.
Competitive Landscape
The major players are using service development, service launch, market expansion, and capacity utilization for holding their market position.
For instance, In July 2019 MBA Polymers Inc completed the acquisition of the new recycling plant for electronic equipment waste in Saxony, Germany. The new plant located in an area of 16,000 m2 with its high-tech plant for extraction of post-consumer plastics such as ABS, HIPS, PP and PC from WEEE
In March 2019 Waste Management Energy Services Holdings, LLC subsidiary of Waste Management Inc completed the acquisition of Petro Waste. This acquisition provided comprehensive solid waste disposal facility and oilfield environmental services at Permian Basin and the Eagle Ford Shale
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