Market Research Report
India E-waste Management Market Forecast 2021-2026
|Published by||Inkwood Research||Product code||998119|
|Published||Content info||103 Pages
Delivery time: 2-3 business days
|India E-waste Management Market Forecast 2021-2026|
|Published: April 5, 2021||Content info: 103 Pages||
The India e-waste management market growth is estimated to evolve at a CAGR of 14.25% in terms of revenue, and 8.24% in terms of volume, during the forecast period, 2021-2026. The increasing government initiatives, growing awareness, and environmental concerns are fueling the market growth.
The growing middle-class population and the increasing technology penetration make India one of the world's largest electronics markets. The country is also one of the most abundant e-waste generators, with a poor track record of disposing of unwanted and used electronics. Most of the e-waste lands in the capital city, out of which the majority reaches hundreds of small undocumented shops. The challenges faced are massive, with increasing pushing for high sustainability. Scrap collection is an intrinsic part of the informal economy and unregulated trade.
Further, in 2019-20, India's e-waste generation rose by 32% than that of 2017-18. This includes 21 types of electrical and electronic equipment mentioned in the E-Waste Management Rules, 2016. Furthermore, the government has put forth several provisions for the inventorization of e-waste generation. The measures include assigning responsibility to Pollution Control Committees (PCCs) and State Pollution Control Boards (SPCBs). Such factors are propelling the demand for the market studied.
Some of the key players in the market include: Lifespan Recycling Co Inc, Eniro-Hub Holdings Ltd, Sims Metal Management Limited, Stena Metall, etc.