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E-waste business in India to overtake China

E-waste business in India to overtake China
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E-Waste Business in India to Overtake China. The e-waste market in India is expected to grow at a higher rate than in China in the next few years, said a report. According to a research report, the e-waste market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 26 per cent during 2015-2019, while the e-waste management services market in China is forecast to grow at a CAGR of 19.41 per cent over the period 2013-2018.

New Delhi: The e-waste market in India is expected to grow at a higher rate than in China in the next few years, said a report. According to a research report, the e-waste market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 26 per cent during 2015-2019, while the e-waste management services market in China is forecast to grow at a CAGR of 19.41 per cent over the period 2013-2018.

As per the research report titled e-waste market in India 2015-2019, the need to prevent biological hazards is one of the major trends upcoming in this market. “Growing need to reduce toxins discharged from unattended e-waste has triggered more investment in the market,” the report said, adding that the average discard/replacement rates have increased with a corresponding increase in buying power.

The report by US-based ReportsnReports.com further said that lack of effective e-waste disposal mechanisms is hindering market growth. E-waste broadly describes loosely discarded, surplus, broken, obsolete, electrical and electronic devices.It is an area of immediate and long term concern as its unregulated accumulation and recycling can lead to major environmental degradation which will pose a major threat to health, it said.

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