Indian e-waste market to grow at a CAGR of 26.22% by 2019

MUMBAI (Scrap Monster): A newly released research report titled “E-Waste market in India 2015-2019” predicts the electronics waste market in the country to grow at a compounded annual growth rate (CAGR) of 26.22% by 2019.

According to the report, rising consumption of electronics good in the country has led to substantial increase in volumes of e-waste. Advancements in technology and globalization of economy have made new electronics easily available and affordable. This has led to consumers discarding old devices in place of the latest devices in market. The country is expected to see huge growth in consumption of newer electronics, which in turn will contribute to waste stream.

The report states that the alarming rise in e-waste volumes may force the central and regional governments to ponder over effective and cleaner methods of waste disposal and recycling techniques. The government spending on educating public on ill-effects of improper waste disposal mechanisms is expected to rise further. It warns that unregulated accumulation and recycling of electronic waste could cause serious environmental degradation.

The report is based on extensive market surveys and inputs from industry experts. It forecasts the growth prospects of e-waste market in the country and a detailed analysis of the collection and recycling techniques practiced in the country. It also portrays the key companies operating in Indian market along with the opportunities and challenges ahead of them in the forthcoming years.