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. 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.
E-Waste or Electronic Waste is generated by old, discarded or obsolete electronic products. Electronic waste is highly toxic in nature as it contains hazardous metals such as lead, mercury, cadmium, etc. In India as well as other developing countries, majority of the electronic products are not recycled, which poses a serious environment and health risk.
E-Waste Market in India market to grow at a CAGR of 26.22% over the period 2014-2019. E-Waste Market in India forecast and its growth prospects in the coming years.
India’s E-Waste market has been divided into various segments including IT and Telecom, Large Household Appliances and Consumer Electronics.
The global volume of e-waste generated is expected to reach 130 million tons in 2018 from 93.5 million tons in 2016 at a compound annual growth rate of 17.6 percent from 2016 to 201 The e-waste management market has the potential to recycle and recover materials like metals, including ferrous and non-ferrous metals, plastic, glass, and others, including wood and ceramic.
Recycling of electronic waste is an upcoming trend which growing immensely as there is a severe need to protect human and environmental health. Electronic wastes have a very high impact on environment, the pollution due to the increasing electronic wastes as led to the recycling of electronic waste on a larger scale.
Electronic waste recycling is the reprocessing of electrical and electronic equipment of different types which have been discarded so as to reuse it.
The Electronic Waste Recycling Market has been segmented on the basis of components of processed materials and sources of equipment processed. The components of processed materials segment consists of plastic, glass, mercury, metals, printed circuit boards, hard drives, batteries and others.