Electronic waste is becoming a major component of the global waste problem. This kind of waste is generally known as e-waste, which is the trash that is produced from excess, damaged, and out-of-date electronic devices. The problem of electronic waste is gaining attention because electronic comprise of many toxic and lethal chemicals and materials that are discharged into the environment due to their improper handling and disposal.
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Electronic waste from the equipment of all dimensions comprises of dangerous chemicals such as cadmium, lead, mercury, beryllium, and brominated flame retardants which, if not treated, can cause serious repercussions. The improper disposal of gadgets and devices of these hazardous materials has a high risk of polluting the air, polluting soil, and percolating into water sources and inevitably disrupting the global food chain.
Once e-waste is deposited in a typical landfill and if there is a water body or source that flows through the landfill and collects traces of these elements from these dangerous minerals, eventually contaminates the landfill water, known as “leachate,” and gets through strata of natural and mass-produced landfill liner and other protective barriers. This contaminated water when it reaches natural groundwater introduces lethal toxicity which can cause grave health issues and environmental issues. The health risks from leachate range from brain damage and kidney disease to genetic transmutations. Whereas the environmental impacts such as the pollution of the underground water table among other ramifications that will motivate the global e-waste recycling market.
The electronic waste recycling, even with the best practices in hand in recent years, has often resulted in the illegal shipping and dumping of e-waste overseas. The devices in such situations get left in a huge pit or incinerated. Although quite a few recyclers run reliable operations, the obscure companies just dispatch the obsolete e-waste they receive to digital dumping lands in nations that are impoverished. From these grounds, criminals can buy salvaged hard drives in a public market and shortly have access to the private and monetary information left behind in such discarded devices. This brings to mind the popular adage one waste is another treasure.
The problem of e-waste to individuals residing in developing countries is enormous. The serious problem of e-waste requires a substantial difference to be made in daily decisions. However, the battle is not lost completely with initiatives being taken to tackle the problem effectively. For example, the Centre for Materials for Electronics Technology (C-MET) will join powers with the Indian Institute of Technology in Hyderabad (IIT-H) to outline and create cutting edge processes and equipments in e-waste recycling. But, the efforts to sustainably salvage used devices plainly can’t keep pace with the enormous consumption rates for fresh devices. As consumerism grows deeper roots, especially in urban areas, the consumption for new electronics is expected to rise substantially, with sellers and manufacturers devising schemes to escalate their sales volumes. This trend is in stark contrast to only about 2 decades ago when devices used to have a longer use history by individuals or their families and being discarded only when the devices stopped its functioning.
The future for waste recycling need to be more planned and smart on both ends i.e., the consumer and manufacturer end, where parties take the onus to minimize waste as much as possible sustainably. Manufacturers need to introduce more lucrative recycling policies that induce positive reinforcement from the consumer's end, as many don’t simply know what to do with such devices when their service period ends.
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E Waste Recycling Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on E Waste Recycling Market Size.
The growth sectors of the E Waste Recycling Market Size are identified with precision for a better growth perspective.The Electronic Waste Recycling market is growing rapidly.
The Electronic Waste Recycling market is globally emerging across world.
The higher environmental concerns and awareness are the factors accelerating the Electronic Waste Recycling market.FREE PDF@ Read on marketresearchfuture.comIt has been observed that many organizations non-profit and profit making are taking many initiatives for electronic waste recycle.
The lack awareness about the effective electronic waste recycling methods is the only restraining factor for the electronic waste recycling market.The study indicates that many initiatives are taken by the non-profit organizations to create awareness about electronic waste recycling.
As per a recent news Goodwill a leading retail store chain and donation center is going to reopen at new locations and is hosting an Earth Day electronic-waste recycling event as part of the event.According to Market Research Future Analysis, Global Electronic Waste Recycling Market has been valued at US $ ~26 Billion by the end of forecast period with ~17% of CAGR during forecast period 2016 to 2022.Market Research Future (MRFR) recognizes the following companies as the key players in the Electronic Waste Recycling Market: – Polymers, Inc. (California), Electronic Recyclers International, Inc. (U.S.), Sims Metal Management Ltd. (Australia), Aurubis AG (Germany), Boliden AB (Sweden), Stena Technoworld AB (Sweden), Tetronics (International) Ltd. (U.K.), Enviro-Hub Holdings Ltd. (Singapore), Global Electric Electronic Processing Inc. (Canada), Umicore S.A. (Belgium) among others.Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:The Electronic Waste Recycling market has been segmented on the basis of components of processed materials and sources of equipment processed.
