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A Manifold Increase is Anticipated in the Share of the Organised Sector as the Current Capacity Addresses Just about 25% of the Market
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The eWaste management market in India is expected to offer major opportunities for existing as well as new participants in the market. With current levels of installed capacity catering just to 25% of the total e-waste generated in 2019, capacity additions are highly likely during the study period. Frost & Sullivan predicts that the market will touch 11.5 million tonnes by 2025.The study delves into various insights on the current state of the eWaste management market in India and jots down the drivers and restraints to its growth. The increase in the number of dual-income families, the burgeoning electronics industry, the rapid growth of IT companies, and progressive policies that aim to improve the formal channel are the key growth drivers in the market. At the same time, the market growth is restrained by a general lack of awareness about proper eWaste management, the presence of a large unorganised channel and the capital-intensive nature of eWaste management market. It is also worth noting that the high level of capital expenditure is also a major barrier for entry into the market.
The study discusses the various sources of eWaste, including large household appliances, consumer electronics, and IT and telecom equipment. Commonly-used recycling technologies are also discussed in detail to provide a perspective of the current landscape of the market. The research service also talks about top companies that have established robust e-waste management programs.
While strategic partnerships are certain to help find success in the market, this study also offers insights into other growth opportunities available in the market and lays down the critical factors to consider for succeeding in the industry.
The presence of a large unorganised channel and its impact on the eWaste management market including safety issues are also discussed. Growth opportunities involving the unorganised sector have been identified and analysed.
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