Global E-Waste Recycling will be a $18 Billion industry by 2017, says research

E-waste Recycling  |  2013-05-02 10:36:57   |   By

The study report by a recent research predicts immense growth of the E-Waste recycling and reuse services industry globally between 2012 and 2017

NEW YORK (Scrap Monster) : The study report by a recent research predicts immense growth of  the E-Waste recycling and reuse services industry globally between 2012 and 2017.

The research conducted by Transparency Market Research see CAGR growth of 13.2% from 2012 to 2017. The global E-Waste recycling and reuse services will be a $18,268 million industry in 2017.

As per the new market report titled “E-Waste Recycling and Reuse Services Market – Global and China Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2010 – 2017”, the Europe, Middle East and African countries will continue to remain as the top waste producing countries until 2017.

The e-waste market is boosted by the limited shelf life of the electronic products, availability of out dated electronics items and growing concerns about the hazards of improper handling of waste. At the same time, the lack of awareness regarding the necessity to recycle or reuse electronics among the developing nations and the limited number of collection facilities are roadblocks in the path to successful recycling.

The global e-waste services market grown from USD 8,682 million in 2010 to USD 9,828.0 million in 2012. Out of the total e-waste produced in 2010, 9,188.4 thousand tons of e-waste was recycled and reused. It is expected that by the year 2017, 12,263.8 thousand tons e-waste generated from household appliances will be recycled and reused, as against 3,611 thousand tons recycled and reused in 2010.

The global revenue generated through recycling and reuse of e-waste components such as metals, plastics, silica and others will reach $ 25,192.8 million in 2017 at a CAGR of 12.7% from USD $ 13,856.6 million in 2012.

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. TMR employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.