Greentech Lead India: India waste electrical and
electronic equipment (WEEE) recycling market grew at a CAGR of 37.98 percent in
terms of volume from 2008 till 2011, according to the latest report from
Reportlinker.
The report, “India Waste Electrical and Electronic
Equipment (WEEE) Recycling Market Forecast & Opportunities, 2017 – Ewaste,
E-Waste” says the market is facing major challenges from unorganized
sector specially in terms of raw material procurement.
The unorganized sector dominates the WEEE recycling
market in India by recycling around 95 percent of the WEEE generated
in India.
By the end of 2017, it is expected that 25 percent of the
WEEE generated will be recycled by organized sector. Increasing Government
focus and restricting of policies will force many small players to exit the
market which will help organized players to increase their shares.
The life cycle of computers, printers, television, mobile
phones, music systems, refrigerators and others have gone down sharply in the
past few years which has resulted in obsolescence of the previous versions and
in turn became e-waste.
WEEE recyclers have become a boon for countries worldwide
as they help in reducing the carbon footprint by recycling the e-waste in the
most environment friendly way, the report said.