India – New data suggest that India’s e-scrap market will expand at a compound annual growth rate (CAGR) of 26.22% over the period from 2014 to 2019. And the global e-scrap management market will advance at a CAGR of 14.6% over roughly the same period, estimates research firm TechNavio.
The severe lack of effective e-scrap disposal mechanisms is ′significantly′ hindering India′s market development, while instances of hazardous toxins seeping into the ground and into waterways could lead to the filing of public-interest litigation and thus a further obstruction of market growth, TechNavio warns.
India continues to ′loosely discard′ its unwanted electrical and electronic devices. Identified as a ′key e-waste exporting and dumping nation′, it is facing rapid growth in technology together with more affordable IT options. The need is more pressing than ever to prevent the ′forthcoming threat′ of increased hazards, the TechNavio report states.
TechNavio recognises several companies as vital players in the Indian market, including SIMS Recycling Solutions, Attero Recycling, Ecoreco and Earth Sense Recycle.
For more information, visit: www.technavio.com