Electronic Waste Management Services in India
Increased consumerism, growth of the Information Technology (IT) sector, and the high replacement rate of old electronic devices with new ones will stimulate market growth during the forecast period 2015–2019.
The biggest challenge in Electronic Waste (e-waste) management is collection of waste from consumers. Collection of e-waste requires high awareness among consumers about safe disposal and a strong logistics network.
E-waste market comprises a huge base of informal recyclers, who represent a threat to the organised collection network. Currently, there are very few organised participants holding a minor share in the overall market.
The market is full of opportunities as a majority of waste remains untreated. With technology penetration of more than % in urban India, the greatest potential lies in this part of the country.
About this report
Over the last decade owning electronics has become increasingly linked with the quality of life. As a result, sales and production of electronics have soared worldwide. Advances in technology have brought about a wide variety of products and newer versions each product are being launched constantly. This has resulted in an increase in the rate at which electronics are being discarded, and volumes of waste have increased manifold. This rise in the quantity of e-waste is a global phenomenon and has given rise to concerns about human and environmental exposure to this type of waste. This has paved the way for the growth of e-waste management services.
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