Innovative Partnerships Drive E-Waste Management Market Growth

SEATTLE (Scrap Monster): The various initiatives by leading industry participants to adopt cutting-edge technologies have provided phenomenal boost to e-waste management market and its stakeholders. The development of devices with reduced lifespan has led to creation of increased demand for e-waste management.

For instance, Dell Inc. had recently announced an innovative program to make use of plastics from recycled electronics in the manufacture of new devices. Umicore, in partnership with automotive major Audi had devised an industry-leading technology to boost recycling of batteries. Also, the planned strategic sustainable development projects by Boliden AB are expected to lead to rapid growth of e-waste management market in the years to come.

As per UN estimates, e-waste management is likely to witness 33% growth over the next four years, mainly driven by the increase in disposal of household appliances and devices. The collaborations between leading electronic manufacturing companies and global organizations such as Solving the E-waste Problem (StEP) is likely to contribute immensely to growth of e-waste management market.

The high obsolescence rate of modern electronic devices coupled with high repairing costs has resulted in customers purchasing new products, which in turn leads to increased e-waste generation. Among various regions, Europe is likely to witness productive growth prospects for e-waste management market.