E-Waste Market in India 2015 to grow at CAGR of 26.22% by 2019

NEW DELHI (Scrap Monster): Rapid growth of technology, up gradation of technical innovations and high Obsolescence rate have led to one of the fastest growing waste streams consisting of old electrical and electronic equipment products. E-Waste comprises of whole range of electronic and electrical items such as computers and printers, mobiles, i-pods, refrigerators, washing machines etc.

Minimization of waste, development of cleaner products, environmentally sustainable recycling and disposal of waste, e-waste policy initiatives and adoption of scientific methods of recycling and disposal of E-Waste are the mains issues which need to be addressed to mitigate the effects of E-Waste.

“Increased usage of electronics goods in the country has led to a substantial increase in volumes of e-waste”.

“Increased efforts toward adopting cleaner methods of waste disposal, growing awareness vis-à-vis ill-effects of improper waste disposal, and growing concerns of the Government of India on increased accumulation of e-waste in the country are expected to trigger significant demand for greener methods of e-waste management.”

E-Waste or Electronic Waste broadly describes loosely discarded, surplus, broken, obsolete, electrical and electronic devices. E-Waste is an area of immediate and long term concern as its unregulated accumulation and recycling can lead to major environmental degradation which will pose a major threat to human health. Revolution of IT, new and innovative technologies and globalization of economy have made new electronic products available and affordable. But on the other hand, it has also led to unrestrained resource consumption and E-Waste generation. Developed countries such as US as well as developing countries such as India face the problem of E-Waste.

Courtesy: www.patriarc.com