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.
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.