Digital recycling helps to recover valuable metals by means of making sure that toxic and dangerous substance are handled well thereby minimizing the environmental effect associated with mining. Even though recycling of e-waste pose clean blessings, loss of recycling cognizance and regulatory infrastructure have resulted to low recycling price.
How Big is the Global Electronic Recycling Market?
The Global Electronic Recycling Market is expected to exceed more than US$ 76 billion by 2022 and will grow at a CAGR of more than 23% in the given forecast period.
The major driving factors of Global Electronic Recycling Market are as follows:
- Rising consumption of electronic products
- Raise in government concern towards the environment
- Urban mining
The restraining factors of Global Electronic Recycling Market are as follows:
- Need efficiency in collection method
- Need recycling technologies
The Global Electronic Recycling Market is segmented on the lines of its type of processed material, type of equipment, source of equipment, and regional. Type of processed material is further classified into plastic resins, copper, steel and others. Plastic resins are classified into polycarbonate, acrylonitrile butadiene styrene, high impact polystyrene, acrylonitrile butadiene styrene, polystyrene and others. Type of equipment is classified into computers, industrial, telecom, consumer and others. Based on source of equipment segmentation it covers consumers/residential, government agencies, schools/universities, manufacturers /industry users and commercial.
The Global Electronic Recycling Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.