“E-waste Recycling and Reuse Services Market is mainly driven by growing cry for more efficient disposal, recycling, and reuse techniques, competitive landscape of the global e-waste recycling and reuse services market is highly fragmented one because of the presence of several key players”
With the growing technological advancements, the world has seen a massive growth in the number of electrical and electronic devices production. In order to stay relevant in the market and also tackle the growing competition, the replacement cycle of these electronic equipment has become considerably small. This has given rise to a massive e-waste problem across the globe. There has been a growing cry for more efficient disposal, recycling, and reuse techniques. This has thus acted as the primary driver for the development of the global e-waste recycling and reuse services industry.
In recent years, the world has seen a massive upsurge in the information society. The growth has been achieved at a break-neck speed and is characterized by massive technological advancements that are fueling social as well as economic development. This has ultimately led to an overgrown ownership of ICT devices per individual across the globe. Moreover, with fast paced technological advancements, the replacement cycles of these electronic devices have become considerably shorter.
Furthermore, with a considerable rise in disposable income and ever improving standard of living, there has been an unprecedented spend on electrical and electronic devices. All these factors are responsible for generating increasing amount of e-waste. This has thus worked in favor of the development of global e-waste recycling and reuse services industry. With increasing levels of e-waste there have been several cases of improper disposal and treatment of this e-waste through incineration or landfilling. This improper treatment of e-waste is posing a huge risk to human health. This has thus given rise to increasing demand for proper collection and disposable techniques to recycle e-waste. Naturally, it has helped in the overall development of the global e-waste recycling and reuse services market.
Some of the leading companies that are operating in the global e-waste recycling and reuse services market include names such as Global Electric Electronic Processing Inc., SIMS Recycling Ltd., MBA Polymers Inc., Cimelia Resource Recovery, Tectonics Ltd., and CRT Recycling among others.