Dive Summary:
- Asian e-waste is anticipated to rise to $4.01 billion by 2017, which is up sharply from the 2012 numbers which amounted to $1.85 billion, according to the report from Frost & Sullivan, Strategic Analysis of the Asia-Pacific E-Waste Recycling Market.
- As electronic waste is growing at a rapid rate, governments in Asia-Pacific have passed regulations mandating e-waste recycling due to increased industrialization and the introduction of new technology, in addition to the realization that e-waste has the potential to be a valued commodity.
- The Asian region has become a worldwide collection site for disposal, as no enforced regulations were in place, which can potentially lead to favorable circumstances for companies involved in e-waste.
From the article:
“Though most countries in Asia-Pacific have not yet established comprehensive regulations on controlling the disposal of e-waste, efforts are being made to study the current state and potential of implementing the right regulatory infrastructure.”
"...the lack of consumer awareness about the hazards of unprocessed disposal of electrical and electronic products hinders the market...heavy investments required to recover precious metals from e-waste processing deter participants."
"The companies that stay afloat will be those that understand the need to increase technological capabilities to maximize output from recycling, Frost & Sullivan predicts."
