Market Research Report
India E-waste Management Market Forecast 2021-2025
|Published by||Inkwood Research||Product code||972342|
|Published||Content info||73 Pages
Delivery time: 2-3 business days
|India E-waste Management Market Forecast 2021-2025|
|Published: November 24, 2020||Content info: 73 Pages||
The India e-waste management market is expected to record a CAGR of 8.24%, in terms of volume, and 14.21%, in terms of revenue, over the forecast period. The country's market growth drivers include the harmful impact of e-waste on human health, the high rates of pollution caused by unmanaged e-waste, and the lack of efficient disposal mechanisms. The base year considered for the market study is 2020, and the forecast period is from 2021 to 2025.
In India, the pollution caused by unmanaged e-waste, is a matter of grave concern. For instance, waste from computer equipment is usually disposed of in landfills, often exposed to uncontrollable fires. Similarly, the open-air burning of e-waste, in order to recover copper and various other chemicals, is considered the most hazardous form of discarding e-waste, since toxic fallouts from open air-burning impacts local and global air burnings. As a result, poisonous products get transported to various places, and intensify the effect of bio-magnification.
E-waste comprises numerous materials, catering to diverse applications. Ferrous metals recovered from e-waste entail high utility value, especially for metal merchants. As per the estimations of the United States' Environmental Protection Act (EPA), one metric ton of e-waste from personal computers contains more gold, than the valuable metal extracted from a 17 metric ton gold ore. Recoverable materials typically found in e-waste include, silver, platinum, and palladium. Therefore, the increased presence of valuable materials in e-waste, in addition to the factors mentioned above, is likely to drive the country's market growth.
Some of the leading enterprises operating in the market are, Enviro-Hub Holdings Ltd, Aurubis AG, ERI, Lifespan Recycling Co Inc, Boliden Group, MBA Polymers Inc, etc.