Rise in Electronics Consumption in Asia-Pacific Drives the E-Waste Recycling Market, Finds Frost & Sullivan

Rise in Electronics Consumption in Asia-Pacific Drives the E-Waste Recycling Market, Finds Frost & Sullivan Date Published: 13 Jun 2013 Asia-Pacific is considering legislations to ensure more efficient handling and disposal of e-waste Kuala Lumpur, Malaysia - June 13, 2013 - The rapid industrializ ation and advancements in technology have led to the accumulation of electrical and electronic waste in Asia-Pacific, compelling governments to pass regulations mandating e-waste recycling. Apart from government impetus, the market has got a boost from the increasing awareness of the potential value of resources within e-waste. New analysis from Frost & Sullivan (http://www.environmental.frost.com), Strategic Analysis of the Asia-Pacific E-Waste Recycling Market, finds that the market was worth US$1.85 billion in 2012 and is expected to reach US$4.01 billion in 2017. Consumers are only interested in the usable lifetime of their devices and rarely concern themselves with its structural value or potential environmental impact . Most Asian consumers are still unaware of the lifetime of a component of a device past its use-by date and this increases the quantity of wastage from the disposal of end-of-life (EOL) items. Taking a leaf out of the book of European markets that grew through the strict implementation of legislation, governments in Asia-Pacific are revising their own laws to improve e-waste recycling. "As the Asia-Pacific is aiming to raise the standards of general waste management, recycling of e-waste has come into focus," said Frost & Sullivan Energy & Environment al Research Analyst Prashanth Kay. "Though most countries in Asia-Pacific have not yet established comprehensive regulations on controlling the disposal of e-waste, efforts are being made to study the current state and potential of implementing the right regulatory infrastructure."

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Rise in Electronics Consumption in Asia-Pacific Drives the E-Waste Recycling Market, Finds Frost & Sullivan