SBI Energy has released a new study that shows electronic waste is growing at three times the rate of any other waste type. The market for electronic waste recycling and reuse services worldwide, which was released in the report “E-Waste Recycling and Reuse Services Worldwide” also saw a 10 percent increase, from $6.2 billion in 2009 to $6.8 million. According to the study, e-waste collection services could triple by 2020.
E-waste makes up a small percentage of global waste. It contributes 0.01 to 3.0% of total waste worldwide, but it grows at a rate that is two to three times faster than any other stream.
Three major factors explain the rapid rise in e-waste recycling: an increase in spending on electronic products, increased awareness of its toxicity, and a growing recognition of important substances found in electronic parts.
Customers and service providers are spending more on electronic products which are driving e-waste growth. Due to rapid technological improvements, mobile devices are becoming less useful and more obsolete. Today’s product may not be the best in six months.
Due to the highly toxic nature of electronic waste, there has been an increase in the policy. The EPA launched a stewardship program earlier this year to encourage consumers and services to recycle electronics with licensed recyclers. It also allows electronic recyclers the opportunity to become certified. These guidelines promote best practices in the industry, but also encourage responsible electronics users.
Third, e-waste market growth is driven by the recognition of valuable resources such as gold, copper, lead, and other metals, which have been found in some waste elements. These resources can be reclaimed for a profit and then recycled in production. These resources can be recovered from e-waste for significant ecological benefits. E-waste mining can be safer and more environmentally friendly than traditional mining.
E-waste accounts for less than 3% of the global solid waste stream. E-waste, even though it is a tiny fraction of the world’s total solid waste stream, will still be considered a significant part of the global waste stream. This is due to its high toxicity and rapid growth. E-waste will be less of an environmental problem if there are clear guidelines and licensed recyclers.
This post was written by Steven Elia Co-Founder and use Director at eCycle American state. eCycle American state is associate degree R2 Certified physical science use company within the state of American state. Our processes and procedures area unit dedicated to the right destruction and use of your physical science. eCycle American state is your go-to once trying to find associate degree electronic use center in urban center. to find out additional click here!