caLogo

NORWALK, CT - Waste from electronics equipment that has reached the end of its useful life - already valued at 6% of the U.S. GDP alone - will open a new door for companies that recycle or remanufacture such goods, a new study says.

According to a soon-to-be-released report from Business Communications Co., the worldwide market for electronic waste will rise at an average annual growth rate of 8.8%, from $7.2 billion in 2004 to $11 billion in 2009.

Electronics equipment that is ready for disposal is generally considered toxic when disassembled or incinerated and is typically targeted for hazardous disposal or slated for recovery and reuse.

The market for post-consumer recycled materials from electronics will be strong over the next five years. The largest driver of growth will be the regulatory-driven onus on OEMs to manage hazardous waste materials from cradle-to-grave. This lifecycle begins with designing for the environment and in certain regions of the world now requires OEMS to finance all recovery costs of electronics products and their constituent materials. The need to rapidly curb toxins in the waste stream is apparent as electronic waste grows at three times the rate of other waste in the municipal solid waste stream.

E-waste has been mounting rapidly with the rise of the information society. It is the fastest growing segment of the municipal solid waste stream. E-waste equals 1% of solid waste on average in developed countries and is expected to grow to 2% by 2010. In developing countries, E-waste as a percentage of solid waste can range from 0.01% to 1%. However, led by China, developing countries will be the fastest growing segment of the E-waste market with the potential to triple output over the next five years. Electric and electronics equipment equals 6% of the U.S. gross domestic product, up from 5% 10 years ago. Yet that growth is easily eclipsed by that of China's where the gross domestic product is growing in excess of 8% a year - versus 3% for the U.S.

At the same time, the rate of obsolescence of electronic equipment is rising. globally, computer sales continue to grow at 10% plus rates annually. Sales of DVD players are doubling year over year. Yet the lifecycle of these products are shortening, shrinking to 10 years for a television set to two or three years for a computer.

Manufacturers and governments have not kept pace with electronic waste policy and practice. As a result, a high percentage of electronics are ending up in the waste stream.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account