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Mountain View, CA, United States, 2015/09/08 - New analysis from Frost & Sullivan, Electronic Waste Management Services in India, finds that the country generated 1.2 million metric tonnes (MT) of e-waste in 2014 and estimates this to reach 3.1 million MT in 2019.
Electronic Waste Management Services in India, finds that the country generated 1.2 million metric tonnes (MT) of e-waste in 2014 and estimates this to reach 3.1 million MT in 2019, underlining the critical need for e-waste management.
“With India evolving into a global IT services hub and the usage of electronic products surging, the urgent requirement for effective e-waste management cannot be stressed enough,” saidFrost & Sullivan Environment and Building Technologies Industry Analyst Nideshna Naidu. “The proper enforcement of guidelines will be crucial to fuel added interest in e-waste recycling.”
To bridge the huge gap between supply and demand of services, the existing setup and practices of the entire value chain will need significant improvement. For instance, customer preference for the unauthorised waste collection network continues to grow due to the convenience and the lack of efficient formal collection systems. Large businesses hesitate to dip their toes into this complex sector, while small-to-medium enterprises have limited cash resources and cannot fully exploit market potential.
The privatisation of e-waste contracts by municipalities, although at a very nascent stage, promises to unearth opportunities for private organisations across the value chain, from collection and segregation to dismantling and recycling. Capitalising on the strengths of the unorganised segment will speed up the integration of the formal and informal sectors and strengthen the infrastructure for e-waste recycling.
“A little innovation in marketing, such as sharing a percentage of the profit with e-waste suppliers, can lure them towards formal recycling,” urged Naidu. “Initiating an aggressive public awareness program will also reinforce the importance of e-waste recycling.”
Concentrated planning and investing in these strategies will allow new and existing firms to make the most of the tremendous business prospects in the e-waste management services market in India.
Electronic Waste Management Services in India is a Market Insight that is part of the Environment & Water Growth Partnership Service program. This research dives deep into the growth opportunities in the Indian electronic waste management services market, providing market forecasts and business opportunities evaluated following extensive interviews with market participants. The Insight also analyses the informal e-waste management services segment, current e-waste recycling technologies, and the regulatory scenario prevalent in the country.
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