India Waste Electrical & Electronic Equipment Recycling Market is Expected to Register a CAGR of 9.71% Through 2030
Growing E-Waste Generation and Consumer Awareness &
Environmental Concerns are the likely to propel the market during the forecast period.
According to
TechSci Research report, “India Waste Electrical & Electronic
Equipment Recycling Market – By Region, Competition, Forecast and
Opportunities, 2020-2030F”, India Waste Electrical & Electronic Equipment Recycling
Market was valued at USD 34.27 Million in 2024 and is expected to reach USD 60.30
million by 2030 with a CAGR of 9.71% during the forecast period.
The Indian government plays a crucial role in driving the growth of the Waste Electrical and Electronic Equipment (WEEE) recycling market through strict regulations and initiatives aimed at managing electronic waste (e-waste). As e-waste volumes increase due to rapid technological advancements and consumer demand, the government has introduced policies to ensure that the disposal of electronic waste is done responsibly. One of the key regulations is the E-Waste (Management) Rules, 2016, which mandates producers to establish an Extended Producer Responsibility (EPR) framework, making manufacturers responsible for the collection, recycling, and disposal of their products once they reach the end of their lifecycle.
The government's emphasis on recycling and waste management has led to the establishment of a regulatory framework that mandates proper handling of e-waste. These rules require manufacturers to set up collection centers, take-back schemes, and recycling infrastructure to manage their products' waste responsibly. The introduction of the National E-Waste Management and Handling Policy also encourages the setting up of more recycling facilities, ensuring that more e-waste is processed in an environmentally sound manner. Additionally, India’s participation in global e-waste management conventions, such as the Basel Convention, reinforces the need for proper disposal and recycling. These regulations are continuously evolving to address the growing challenge of e-waste, and they compel both businesses and consumers to adopt sustainable practices for electronic waste disposal. By complying with these laws, businesses gain access to an eco-friendly market, while also benefiting from tax incentives or subsidies that encourage green practices.
These government-driven initiatives have significantly propelled the growth of the WEEE recycling market in India by creating an environment that supports sustainability, encourages responsible disposal, and reduces the adverse effects of e-waste on human health and the environment. The increasing pressure on manufacturers to comply with these laws has, in turn, encouraged investments in advanced e-waste recycling technologies, thereby promoting the development of the recycling industry.
Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on " India Waste Electrical & Electronic Equipment Recycling Market.”
Based
on End-Use, The Raw materials for manufacturing held the largest market share
in 2024. Raw materials for manufacturing
dominate the India Waste Electrical & Electronic Equipment (WEEE) Recycling
market due to the significant value they offer to industries. Electronic waste
is a rich source of valuable raw materials, including precious metals like
gold, silver, palladium, and copper, as well as other useful materials like
aluminum, plastics, and rare earth elements. The recovery of these materials
through recycling is not only economically viable but also critical in
addressing resource scarcity, reducing environmental damage, and supporting the
circular economy.
In
India, the rapid pace of technological advancement and high consumer demand for
electronic devices have resulted in a steady increase in e-waste generation.
Discarded electronics contain valuable metals and materials that can be
recovered and reused in manufacturing new electronic products, reducing the
need for mining and conserving natural resources. For instance, gold and
silver, commonly found in circuit boards and connectors, are highly sought
after in the production of new electronics, making them an essential focus for
recyclers.
The
recovery of raw materials also plays a significant role in lowering production
costs for industries. Mining and extracting raw materials from natural
resources can be expensive and environmentally harmful. Recycling e-waste
allows manufacturers to access these materials at a lower cost and with a much
smaller environmental footprint. As India is one of the largest consumers of
electronics in the world, the potential for recovering and reusing these raw
materials is immense, contributing to the growing demand for recycling
services. Additionally, the increasing awareness of sustainable practices among
consumers and businesses is encouraging the use of recycled raw materials in
the manufacturing of new electronic products. This growing preference for
eco-friendly, resource-efficient production processes drives the dominance of
raw materials in the Indian WEEE recycling market, further reinforcing the need
for efficient recycling infrastructure to meet both environmental and economic
demands.
Based
on region, North India is the fastest-growing region in the India Waste
Electrical and Electronic Equipment (WEEE) Recycling market due to several key
factors that contribute to both increased e-waste generation and improved
recycling infrastructure. Rapid urbanization and industrialization are driving
the region's growth. Cities like Delhi, Chandigarh, and Gurgaon are
experiencing significant economic growth, leading to higher consumption of
electronic goods such as smartphones, computers, televisions, and home
appliances. As technology advances and product lifecycles shorten, there is an
increase in the disposal of older electronics, generating more e-waste in these
urban centers. North India, with its large population and booming middle class,
is witnessing a surge in household e-waste generation, making it a crucial
market for recycling services.
Government
regulations and policies play a significant role in boosting the recycling
market in the region. North India has seen the establishment of stricter
enforcement of the E-Waste (Management) Rules, 2016, which mandate the
collection, recycling, and proper disposal of electronic waste. The region’s
compliance with the Extended Producer Responsibility (EPR) framework has
spurred investments in recycling infrastructure, including collection centers
and certified recycling plants. Government initiatives have been particularly
successful in promoting awareness about sustainable e-waste disposal,
encouraging consumers and businesses to adopt eco-friendly practices. Technological
advancements in recycling have made it more feasible and efficient to process
e-waste in North India. With the development of advanced recycling technologies
such as AI-based sorting systems, mechanical shredders, and hydrometallurgical
methods, the region has seen a surge in recycling capabilities, enabling better
recovery of valuable materials from e-waste. This is attracting more formal
recyclers and businesses that recognize the economic potential of e-waste.
Major companies
operating in the India Waste Electrical & Electronic Equipment Recycling
Market are:
- Sims Metal
Management Ltd
- Veolia
Environmental SA
- Electronic
Recyclers International, Inc.
- Umicore
- Gershman,
Brickner & Bratton, Inc.
- MBA Polymers,
Inc.
- Stena Metall AB
- AER Worldwide
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“The India Waste Electrical and
Electronic Equipment (WEEE) Recycling market presents significant opportunities
driven by increasing e-waste generation, stringent regulatory frameworks, and
growing consumer awareness of environmental sustainability. With the
implementation of the E-Waste (Management) Rules and the Extended Producer
Responsibility (EPR) framework, there is a rising demand for certified
recycling services. The market is poised for growth as investments in advanced
recycling technologies, such as AI-driven sorting and hydrometallurgical
processes, enhance recovery efficiency. Additionally, expanding e-waste
collection infrastructure across urban and rural regions further creates
avenues for growth, fostering a circular economy and reducing environmental
impact.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“India Waste Electrical
& Electronic Equipment Recycling Market, By Waste
Source (Household E-Waste, Commercial E-Waste, Industrial E-Waste), By
Recycling Process (Manual Processing, Mechanical Processing, Hydrometallurgical
and Pyrometallurgical Processing), By Material Recycled (Metals, Plastics,
Glass, Other Materials), By End-Use (Recycled Products, Raw Materials for
Manufacturing, Waste Disposal) By Region, Competition, Forecast &
Opportunities, 2020-2030F”,
has evaluated the future growth potential of India Waste Electrical &
Electronic Equipment Recycling Market and provides statistics & information
on Market size, structure and future Market growth. The report intends to
provide cutting-edge Market intelligence and help decision-makers make sound
investment decisions., The report also identifies and analyzes the emerging
trends along with essential drivers, challenges, and opportunities in the India
Waste Electrical & Electronic Equipment Recycling Market.
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