Opportunities in the Indian E-Waste Management Market
According to market research and business consulting firm, Frost & Sullivan, the e-waste management market in India is expected to offer major opportunities for existing as well as new participants in the market.
With current levels of installed capacity catering just to 25 percent of the total e-waste generated in 2019, capacity additions are highly likely during the study period. Frost & Sullivan predicts that the market will touch 11.5 million tons by 2025.
The study “Assessment of Growth Opportunities in the Indian eWaste Management Market” would delve into various insights on the current state of the e-waste management market in India and jot down the drivers and restraints to its growth. “The increase in the number of dual-income families, the burgeoning electronics industry, the rapid growth of IT companies, and progressive policies that aim to improve the formal channel are the key growth drivers in the market,” the company underlined. At the same time, the increasing market would be restrained by a general lack of awareness about proper e-waste management, the presence of a large unorganized channel, and the capital-intensive nature of the e-waste management market. Furthermore, the high level of capital expenditure would also be a huge barrier for entry into the market.
As reported, the various sources of e-waste, including large household appliances, consumer electronics, and IT and telecom equipment are described. “Commonly-used recycling technologies are also discussed in detail to provide a perspective of the current landscape of the market. The research service also talks about top companies that have established robust e-waste management programs.” While strategic partnerships were sure to help find success in the market, “this study also offers insights into other growth opportunities available in the market and lays down the critical factors to consider for succeeding in the industry,” Frost & Sullivan stated. The presence of an unorganized channel and its impact on the e-waste management market including safety issues are also discussed. “Growth opportunities involving the unorganized sector have been identified and analyzed.”
(Published in GLOBAL RECYCLING Magazine 1/2021, Page 7, Photo: O. Kürth)
