Global Opportunities in the Waste Electrical and Electronic Equipment (WEEE) Recycling Services Market

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Report Excerpt

Market Overview

Globally, WEEE is accounted for as the fastest growing volume of waste and while it is still only a small percentage of municipal solid waste for example, there is significant attention directed towards effective waste management in the sector owing to the potentially hazardous nature of waste as well as the need to move away from both illegal dumping of waste on landfills and export to cheaper developing country markets. Growth Potential

The WEEE recycling services market is essentially dependent on legislation to act as the prime mover for market momentum. It is therefore no surprise that Europe is the leading region globally owing to the power of the WEEE Directive and the presence of leading companies offering recycling expertise. This euro-centric market has able support from Japan in the Asian markets since it has already made fast inroads into this sector owing to the presence of leading electronic manufacturers such as Panasonic which have established centers of excellence and innovation in the region to cater to their home-base and large volumes of electronic waste entering the market.

Demand and expertise of recycling electronic waste are therefore currently aligned along these two regions of excellence. It is also important to note that market development has closely followed the impact of leading legislation in these two regions.

Future potential offers significant opportunity as is evident in the high market growth rate globally at x.x per cent. This accounts for the early stage of market development in other regions of the globe which has the potential to expand aggressively over the study period.