India’s e-waste management market will grow 30% in 2014-19: report

The electronic waste (E-waste) management market in India is expected to grow at around 30 percent in the next five years, says a new report from TechSci Research

In India, E-Waste management and recycling market faces major challenges due to lack of proper regulatory interface and supporting infrastructure. E-Waste in the country is primarily generated from large household appliances and Information Technology and Telecommunications sectors.

The report, “India E-Waste Management Market Forecast & Opportunities, 2019” predicts that in the coming years, as the technology advances, lifespan of products would become shorter, resulting in replacement of existing products with the new ones, which would result in further increasing generation of E-Waste.

The Southern and Western regions are the largest contributing regions in the country’s E-Waste market due to the presence of various IT hubs such as Chennai, Bangalore and Hyderabad, the research said. However, the country’s Western and Northern regions are also growing at a significant rate due to introduction of new recycling facilities, especially in Delhi/NCR region.

The enforcement of E-Waste management laws by the government of India for proper and regularized management, disposal and recycling of E-Waste is setting a new trend in the market, said  Karan Chechi, research director with TechSci Research

“Since, in India, majority of the E-Waste is processed by the unorganized sector, introduction of stringent regulations is expected to significantly benefit the organized players over the next five years,” Chechi added.

editor@greentechlead.com