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APAC e-waste recycling gains from rising electronics use

Posted: 17 Jun 2013 ?? ?Print Version ?Bookmark and Share

Keywords:e-waste recycling? electronics?

According to the latest data from Frost & Sullivan, the rapid industrialisation and advancements in technology have resulted in the accumulation of electronic waste in Asia-Pacific. As a consequence, governments have been compelled to pass regulations mandating e-waste recycling and awareness has increased about the potential value of resources within e-waste. The market analyst also revealed that the market was worth $1.85 billion in 2012 and is forecast to reach $4.01 billion in 2017.

Consumers are only interested in the usable lifetime of their devices and rarely concern themselves with its structural value or potential environmental impact. Most Asian consumers are still unaware of the lifetime of a component of a device past its use-by date and this increases the quantity of wastage from the disposal of end-of-life (EOL) items.

Taking a leaf out of the book of European markets that grew through the strict implementation of legislation, governments in Asia-Pacific are revising their own laws to improve e-waste recycling.

The lack of regulations addressing e-waste has also made this region a global collection centre for disposal. The abundance of e-waste creates significant opportunities for market participants. However, the lack of consumer awareness about the hazards of unprocessed disposal of electrical and electronic products hinders the market. Further, the heavy investments required to recover precious metals from e-waste processing deter participants.

In this highly competitive market, it is as common to see companies exit the market as it is to see new entrants. The ones that stay afloat are those that understand the need to increase their technological capabilities to maximise their output from recycling.

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