Europe – The new EU Directive on Waste Electrical and Electronic Equipment (WEEE2) will provide an extra multi-million dollar boost to the European recycling market, concludes an analysis issued by business consultancy Frost & Sullivan.
It suggests the European e-waste recycling market could be worth US$ 1.8 billion (Euro 1.3 billion) by the end of the decade – up from US$ 1.3 billion (Euro 0.9 billion) in 2012 – thanks to collection targets set by the new WEEE directive, with Germany being the largest market. Markets in Eastern Europe, Iberia and France are also expected to record strong growth.
‘Strict European legislation, escalating landfill prices and awareness of the environmental impact of WEEE have heightened demand for recycling,’ says Frost & Sullivan’s environmental research analyst Monika Chrusciak. Further market growth could come from better alignment of some national laws with EU legislation, while more efficient collection and higher-quality WEEE materials would also help boost recycling, the consultancy adds.
According to Frost & Sullivan, the quantity of precious metals in electronic goods is projected to decline in future, and companies will increasingly focus on collection and separation of e-waste at source. It also says recycling costs will fall in Western and Eastern Europe, with the exception of Poland where they are deemed likely to increase.
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