Electronic Scarp Recycling Market, By Product Type (IT, Office Equipment and Handheld Devices, Major Home Appliances, Small Home Appliances), By Types of Metals (Ferrous Metals, Non-ferrous Metals, Precious Metals, Others (Plastics + Other)), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Electronic scrap is the term given to electronic waste that can be recycled. Electronic waste or e-waste refers to discarded electronic or electrical devices disposed of through public curbs, landfills, and incinerators. Common electronic devices include computers, printers, cell phones, faxes, television sets, music players, and other devices that are in need of replacement or repair. Used electronic equipment that can be used for re-sale, recycling, reprocessing through electronic material recovery or other disposal is also regarded as e-waste. Electronic scrap is a by-product of electronic devices that cannot be used or sold.
Market Dynamics
The electronic waste recycling market growth is mainly driven by increasing electronic waste across the globe and a rise in employment opportunities in emerging countries. Furthermore, artificial Intelligence in e-waste recycling has created the opportunity for market growth. However, the lack of regulatory and recycling infrastructure may slow the growth of the electronic waste recycling market.
The global market for electronic waste recycling has increased tremendously in recent years, even as the lifespan of these items has shortened. As more of these products end up in landfills and recycling facilities, policymakers face a new challenge. The majority of individuals are unaware of the potentially harmful consequences of the rising usage of computers, monitors, and television. The hazardous elements in these goods represent a health concern when they are disposed of in landfills or destroyed. When electrical items are disposed of improperly, they have the potential to harm the environment. As more e-waste is disposed of in landfills, environmental pollutants are anticipated to become more prevalent, increasing the risk of neurological illnesses. The short lifespan of most electronic products, less than two years for computers and cell phones is a key contributor to the growing e-waste problem. The majority of emerging countries lack the waste removal infrastructure and technical capabilities needed to ensure safe hazardous waste disposal.
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