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World e-waste market to exceed US$ 1.8 billion by 2017

Global – ‘€˜E-waste represents one of the fastest-growing sectors by volume within the global waste industry,’€™ states a new report by US research and analysis firm Frost & Sullivan (F&S). Previously estimated to reach US$ 1.4 billion by 2017, the worth of this ‘€˜very promising’€™ global market is now expected to have overtaken US$ 1.87 billion per annum in five years from now.

However, F & S points to several factors which might seriously deflect e-waste from its upward trajectory – for example, significant problems in implementing legislation in key countries such as the UK owing to the difficulty in assigning ‘€˜producer responsibility’€™.

Exports of waste electrical and electronic equipment (WEEE) to Asia might pose another threat to the market’€™s potential due to lower standards and less demanding waste management regulations. The US analyst reasons: ‘€˜Since standards for implementation vary globally, it is as yet relatively easy to move e-waste volumes from developed markets in the West to China and India where transboundary migration is a significant fact.’€™

The new F & S report, entitled ‘€˜Opportunities in the Waste Electrical and Electronic Equipment Recycling Services Market’€™, is part of the Environment Markets Growth Partnership Service programme.

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