Electronic waste or e-waste is a term used for electronic appliances and other products nearing the end of their functional lives. For instance, television, computers, stereos, VCRs, fax machines, mobile phones, and copiers are considered e-waste when they cease to operate. Besides this, electronic gadgets that are considered obsolete due to the advent of the latest and easily available technologies are also included in the category of e-waste.
E-waste recycling includes reuse and refurbishment, material processing and recovery, asset management and logistics, triage and de-manufacturing, and collection services. Demand for e-waste recycling and reuse services is therefore poised to surge exponentially in the forthcoming.
As per the research study, in 2012, the global market for e-waste recycling and reuse services was worth US$9.84 bn and is projected to reach a value of US$41.36 bn by 2019. The market is estimated to register a remarkable 23.06% CAGR from 2013 to 2019. Lifespan Technology Recycling Inc., SIMS Recycling Solutions, Stena Techno World, Electronic Recyclers International Inc., CRT Recycling Inc., Cimelia Resource Recovery, Tectonics Ltd., MBA Polymers Inc., Umicore SA, and Global Electric Electronic Processing Inc. are some of the key players operating in the e-waste recycling and reuse services market across the globe.
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