Market Analysis - Recycling Summit 2020
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Increased globalization and a surge in population and Gross Domestic Product (GDP), among others, have led to an increase in the overall waste volume globally.
According to World Bank in 2012, urban population produced about 1.3 billion tons of Municipal Solid Waste (MSW) which is expected to grow to 2.2 billion tons in 2025. The costs for managing solid waste is expected to increase drastically in lower middle (four times) income countries such as India and Brazil among others and even higher in low-income countries (five times) such as Kenya and Ghana among others. Therefore, the need for solid waste management has increased largely on a global scale.
To increase the recycling across the world, initiatives are being taken by the government agencies of various regions. Market players are taking measures to recycle the E-Waste in order to reduce the pollution and environmental hazards caused by it. In June 2014, Dell, a leading computer manufacturer, launched its first computer made of plastics obtained from recycled electronics. The company has started selling its first computer “the OptiPlex 3030” which is made up of old electronics using closed loop recycling process. Recently, Dell has also started using recycled plastics in its other desktops and monitors. Millions of refrigerators, TV sets and cell phones are replaced with newer versions due to user’s growing inclination towards technologically advanced gadgets. In 2010, US discarded about 258 million units of computers, cell phones, TV sets, and monitors. North America is a leader in exporting E-waste to the developing countries such as China and Japan. This exported E-Waste is then recycled in developing regions which generate revenue for the market.
A number of materials recycled in Singapore in 2007 was 142.3 million metric tons. This is expected to increase to 158.6 million metric tons in 2008 and 244.8 million metric tons in 2013, for a compound annual growth rate (CAGR) of 9.1%.
Recycled metals are the largest segment at 76.8 million metric tons in 2007. This should grow to 83.5 million metric tons in 2008 and 123.2 million metric tons in 2013, a CAGR of 8.1%.
The fastest growing segment is recycled tires and reclaimed rubber; 1.9 million metric tons were recycled in 2007, and an estimated 2.2 million metric tons in 2008. This should reach 4.2 million metric tons in 2013, for a CAGR of 14.0%.
The world recycling market is segmented by recycling source and type. Presently, a market trend is observed in North America that highlights the fact that majority of E-Waste is trashed to developing countries, rather than recycling or reusing the same by the producing country.
Developing countries lead in recycling the E-Waste, a majority of E-Waste is exported to emerging countries by developed countries. Amongst all sources of E-Waste such as IT and telecommunications and consumer electronics, refrigerator sets from household appliances are discarded in highest number as compared to other appliances. The decrease in the life cycle of electronic products viz. computers, laptops, cell phones is generating a large amount of electronic waste in the North American region.
RECYCLING SUMMIT 2020 gladly welcomes patrons over the globe to 15th World Convention on Waste Recycling and Reuse on February 20-21, 2020, at Kuala Lumpur, Malaysia, which incorporates Prompt keynote introductions, Oral Talks, Poster Presentations, and Exhibitions. We are happy to state that it is the 15th World convention on waste recycling and reuse which will be held in beautiful city Kuala Lumpur. We are delighted to welcome you all to the convention.
RECYCLING SUMMIT 2020 is based on the theme “Lifting Endless Possibilities of Recycling“. We stretch our warm welcome to world’s leading Scientist, Researchers, and Scholars. We provide a platform for young researchers and students to present their research through oral presentations through which they can develop a foundation for collaboration among young researchers.