Dive summary:
- According to a new analysis of e-waste recycling and production by Frost & Sullivan, the global e-waste recycling services market is estimated to grow to from $1,424.6 million in 2011 to $1,869.3 million in 2017.
- Frost and Sullivan say a large factor to continuing this rise is legislation cooperation which shouldn’t be a problem for many countries thanks to the Waste Electrical and Electronic Equipment (WEEE) Directive which requires all member countries (U.S. included) to recover 45 tones of e-waste for every 100 tones of e-goods sold by 2016.
- The global economic slow down has decreased the markets for both the production and recycling of electronics in turn causing a sharp decline in the prices of scrap such as steel and plastic, which negatively affected prices in the recycling industry for these goods.
From the press release:
E-waste represents one of the fastest-growing sectors by volume within the global waste industry. Due to this fact and to impending legislative targets the Waste Electrical and Electronic Equipment (WEEE) recycling market looks very promising during the next few years with plenty of opportunities for its participants across the value chain.
According to a new analysis by Frost & Sullivan titled "Global Opportunities in the Waste Electrical and Electronic Equipment (WEEE) Recycling Services Market," the global WEEE recycling services market was estimated at $1,424.6 million in 2011. This is further expected to grow to $1,869.3 million in 2017 with a strong CAGR of 4 percent. ...