Increasing use of electronics will lead to a 23 percent compound annual growth rate (CAGR) in the global electronics recycling industry between 2013 and 2019.
Recycling Today reported the prediction, which was made in a report from US group Transparency Market Research (TMR). It also concluded that the market was worth $10 billion (€9 billion) in 2012 and that by 2017, around 65 million tonnes of electronic waste will be generated.
Key drivers for the electronics recycling market over the next four to five years will be a surge in technological investments, strict recycling legislation enforcement and increased awareness about the proper disposal of unwanted electronics. TMR partnered with the United Nations to compile the publication, entitled “Electronic Recycling Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecasts 2013-2019”.
Australian university lecturer and journal editor Dr. Sunil Herat made a similar prediction in July 2015, predicting a growth electronics recycling as more products become classified as e-waste. Herat, who is Associate Editor of the Waste Management & Research journal and Senior Lecturer at the School of Engineering at Griffith University in Queensland, noted that “what we throw away doesn’t go away”, with e-waste “one of the fastest growing waste streams” in all economies.