WEEE-waste Continues to Grow
UK WEEE-waste Continues to Grow
Technology advances have proved to be worthy for the entire world but it has also given us a challenge in the form of weee-waste. With the increasing use of electronic devices and electrical equipment, the collection of weee-waste is also mounting.
WEEE-waste or electronic waste is a term used for those electronic equipment that has reached its end of life in the hand of its current user. These devices when disassembled or destroyed are either taken for reuse or slated for hazardous disposal. Some of the electronic waste can be recycled, while those which cannot be reused is categorised as “waste”.
E-Waste Market Size
The global market of electronic waste is estimated to be £2 billion, and it is predicted to increase at average annual growth rate of 8.8%.
Due to the rising demand of high value engineered plastics, the recycled plastics sector will register the maximum revenue growth. It will grow at 10.2%
The recycled metals market will continue to be dominated by the growth in metals mined from end of life electronic waste, growing at an of 8.1%.
Percentages are approximate.
Recycled glass is low valued hence the recycled glass market continues to be stagnant.
Reasons for Increasing WEEE-Waste
Due to the increasing areas of information society and the dependency of businesses on computer and Internet, the weee-waste has been mounting. Wee e-waste is the fastest growing segment of the waste stream. WEEE-waste has been mounting rapidly with the rise of the information society. In developed countries, e-waste constitutes approx 2% of solid waste but it is expected to grow. The developing countries including, China will be the fastest growing segment of the weee-waste market. The electronic waste in developing countries has the potential to triple the amount of current rates of weee waste.
The rising mount of electronic waste isn’t going to be cut any time soon without businesses and consumers facing up to their responsibilities.
Electronic equipment sales, along with that the rate of obsolescence of electronic equipment is increasing. The life-cycle of the electrical and electronic equipment are shortening. The life period of a television set is reduced to 10 years while that of a computer remains only 2-3 years. All the above mentioned facts are equally responsible for the rising e-waste. In spite of such horrendous situation manufacturers and governments have not kept pace with electronic waste policy and practice. Eventually a high percentage of electronics are ending up in the waste stream releasing harmful toxins into the environment.
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