E-Waste Recycling
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The global E-Waste Recycling Market is valued at USD $40.3 Billion for the year 2019. The Global E-Waste Recycling Market is further estimated to grow at a CAGR of 15.5% from 2019 to reach USD $40.3 Billion by the year 2025.
Now what is E-waste? A rapidly growing industry, E-Waste Recycling refers to recycling electronics and will continue to grow due to the growing use of electronics, both hand held and stationary. In the US, the sales of electronics is expected to grow at a CAGR of 14.8% or larger from 2020-2024. The increasing sale of electronics will only serve to grow the volume of waste electronics.
In terms of E-Waste disposal, 15-18% of E-Waste is currently recycled and only 10-40% is actually being disposed of properly. As education and technology grow, people will recycle their electronic waste, increasing these numbers and furthering market growth.
Additionally, electronics are full of valuable materials and precious metals, including copper, tin, iron, aluminum, fossil fuels, titanium, gold, and silver. Many of the materials used in making these electronic devices can be recovered, reused, and recycled — including plastics, metals, and glass. In a report, Apple revealed that it recovered 2,204 pounds of gold —worth $40 million—from recycled iPhones, Macs, and iPads in 2015. (https://www.thebalancesmb.com/introduction-to-electronics-e-waste-recycling-4049386)
According to the EPA, recycling one million laptops can save the energy equivalent of electricity used to run 3,657 U.S. households for a year. Recycling one million cell phones can also recover 75 pounds of gold, 772 pounds of silver, 35,274 pounds of copper, and 33 pounds of palladium. The benefits of e-waste computer recycling are monumental. (https://www.thebalancesmb.com/introduction-to-electronics-e-waste-recycling-4049386)
Electronics recycling can be challenging because discarded electronics devices are sophisticated devices manufactured from varying proportions of glass, metals, and plastics. They also must be accurately sorted to avoid toxic materials creating hazardous waste. Materials must be separated and clean to be used to make new products and bring the highest value possible.
Although the volume of e-waste is increasing rapidly, the quality of global e-waste is decreasing due to device sizes being reduced and less precious metals being used in the products. This is causing a significant drop in the material values of each individual device. On top of this, there is currently a drop of global prices on recycled commodities causing decreased margins for E-Waste recyclers.
- OSHA
- ASTM
- EPA
- CDC
- Currently, 25 U.S. states have laws mandating statewide e-waste recycling, and several more states are working toward passing new legislation and improving the existing policy.
Efficient separation of materials is the foundation for successful E-Waste Recycling and Fluent Conveyors is here to help. Fluent offers both custom and standard designs for E-Waste sorting systems. Upgrade with the industry’s leading sorting automation down to manual sort, including belt magnets, eddie currents, shredders, optical sorters, sort screens and more.