E-Waste Recycling and Reuse Services Market, By Source (Household appliances (Refrigeration, Consumer and Lighting Equipment’s, Other Household Appliances), IT and telecommunications (Computers and Computer Peripherals, Cellular Phones, Others), Entertainment Devices (Music Systems, Televisions, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
E-Waste refers to discarded electronic or electrical devices. These can be computers, cell phones, cameras, printers, faxes, personal digital assistants (PDAs), and other electronic gadgets. Used computers that are destined for onward resale, recycling, reuse, repair, or disposal by individuals are considered electronic waste. Cell phones that have a functioning camera on them are considered cell phone battery waste, as they can potentially cause fires if not disposed of properly. Both of these batteries contain dangerous chemicals that can be harmful to the environment. Some states have passed laws requiring businesses to dispose of electronic waste in an environmentally sound manner. This is important because e-waste has the potential to pollute the soil, water, and air over a long period of time. To reduce the effects of e-waste, it is advisable to dispose of products that can still have a useful life in an environmentally sound manner.
Market Dynamics
Availability of valuable substances in e-waste is expected to boost the global e-waste recycling and reuse services market growth over the forecast period. E-waste is comprised of numerous valuable metals including copper, gold, iron, silver, and platinum. These metals are then recovered and reused for different purposes. This, in turn, has increased the demand for e-waste reusing services worldwide. Thus, such factors are expected to boost the market growth over the forecast period.
Moreover, growing awareness regarding the conservation of the environment and health is expected to accelerate growth of the global e-waste recycling and reuse services market in the near future.
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