Inadequate Recycling Methods Point to Vast Unmet Need in Indian Electronic Waste Management Services Market, Finds Frost & Sullivan

By: |
Updated: September 21, 2015 11:14:07 AM

Electronic waste (e-waste) management is a lucrative segment in the overall waste management services market in India owing to the vast amounts of untreated e-waste piling up.

Electronic waste (e-waste) management is a lucrative segment in the overall waste management services market in India owing to the vast amounts of untreated e-waste piling up. As rapid economic growth stimulates consumer spending, the rise in the use of electronic devices is heightening e-waste generation and unlocking tremendous scope for recycling. However, a large base of informal recyclers monopolise the market. Deploying a multi-pronged approach that includes creating public awareness and collaborating with scrap dealers will help companies emerge from the shadow of the unorganised sector.

New analysis from Frost & Sullivan, Electronic Waste Management Services in India, finds that the country generated 1.2 million metric tonnes (MT) of e-waste in 2014 and estimates this to reach 3.1 million MT in 2019, underlining the critical need for e-waste management.

For complimentary access to more information on this research, please click here.

“With India evolving into a global IT services hub and the usage of electronic products surging, the urgent requirement for effective e-waste management cannot be stressed enough,” said Frost & Sullivan Environment and Building Technologies Industry Analyst Nideshna Naidu. “The proper enforcement of guidelines will be crucial to fuel added interest in e-waste recycling.”

To bridge the huge gap between supply and demand of services, the existing setup and practices of the entire value chain will need significant improvement. For instance, customer preference for the unauthorised waste collection network continues to grow due to the convenience and the lack of efficient formal collection systems. Large businesses hesitate to dip their toes into this complex sector, while small-to-medium enterprises have limited cash resources and cannot fully exploit market potential.

The privatisation of e-waste contracts by municipalities, although at a very nascent stage, promises to unearth opportunities for private organisations across the value chain, from collection and segregation to dismantling and recycling. Capitalising on the strengths of the unorganised segment will speed up the integration of the formal and informal sectors and strengthen the infrastructure for e-waste recycling.

“A little innovation in marketing, such as sharing a percentage of the profit with e-waste suppliers, can lure them towards formal recycling,” urged Naidu. “Initiating an aggressive public awareness program will also reinforce the importance of e-waste recycling.”

Concentrated planning and investing in these strategies will allow new and existing firms to make the most of the tremendous business prospects in the e-waste management services market in India.

Electronic Waste Management Services in India is a Market Insight that is part of the Environment & Water ( Growth Partnership Service program. This research dives deep into the growth opportunities in the Indian electronic waste management services market, providing market forecasts and business opportunities evaluated following extensive interviews with market participants. The Insight also analyses the informal e-waste management services segment, current e-waste recycling technologies, and the regulatory scenario prevalent in the country.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Join Us: Join our community

Twitter: @Frost_MENASA
Facebook: FrostandSullivanMENASA

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.