TechNavio recognizes the following companies as the key players in the Global Collection Services Market in the E-waste Industry: SIMS Recycling Solutions Holdings Inc., and Waste Management Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The increase in the adoption of various governmental policies in the E-waste industry is one of the major factors driving growth of the Global Collection Services market in the E-waste industry. For instance, the US EPA and the United Nations Environment Program have formulated rules and regulations to encourage the reuse and recycling of e-waste in the US. In all the states of the US, except California, producer-responsibility approach is brought in by the US government, while it is mandatory for electronic product manufacturers to pay for the recycling process. Around 24 states in the US have passed mandatory legislation for e-waste management and recycling.”
According to the report, one of the major drivers is the increase in initiatives taken worldwide for e-waste collection. For instance, various household hazardous wastes and e-wastes, such as VCRs, DVD players, stereos, radios, video game consoles, thinners, unused pesticides, solvents, and lawn chemicals were collected in Jerusalem, and were dispensed with in a proper manner. Such initiatives are expected to contribute to the growth of the Global Collection Services market in the E-waste industry in the future.
Further, the report states that one of the major challenges in this market is the unwanted accumulation of electronic devices. Various buyers of electronic goods are reluctant to dispose of their electronic goods, which have become obsolete. This will in turn adversely affect growth of the market in the future.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are American Retroworks Inc., California Electronic Asset Recovery Inc., E-Waste Pty. Ltd., Egyptian Electronic Recycling Co., Electronic Recyclers International Inc., E-ParisaraaPvt. Ltd., and NextStep Recycling
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-collection-services-market-e-was…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Collection Services Market in the E-waste Industry 2012-2016
