![]() ![]() The damage to the atmosphere is one of the most significant environmental impacts of e-waste.When electronic waste is thrown away in landfills, its toxic materials seep into groundwater, affecting land and sea animals. Lead, if released into the environment, can cause damage to human blood, kidneys, as well as central and peripheral nervous systems.When e-waste is warmed up, toxic chemicals are released into the air damaging the atmosphere. Some important facts about the environmental effects of e-waste:Computers and most electronics contain toxic materials such as lead, zinc, nickel, flame retardants, barium, and chromium. E-waste has a horrible effect on the environment, and giving the e-waste to an R2-certified recycling facility is essential. Electronic devices can be reused, resold, salvaged, recycled, or disposed of. How does e-waste impact the environment ?E-Waste, also called electronic waste, is the name for electronic products that have come towards the end of their "beneficial life." It covers computers, monitors, televisions, stereos, copiers, printers, fax machines, cell phones, DVD players, cameras, batteries, and many more electronic devices. In addition, the dumping of e-waste from developed regions to developing countries such as India, China, and Pakistan are creating numerous opportunities for the effective management of e-waste.This article was contributed by our expert Mahendra Thanai Frequently Asked Questions Answered by Mahendra Thanai1. This results in a rapid increase in e-waste each year. ![]() Users often refrain from repairing defective or obsolete products, as in some cases, the repair cost exceeds the price of a brand-new device. ConclusionThe rise in sales of electronic and electrical devices and the hesitance to repair defective devices increase the volume of e-waste each year. Such metals need to be recovered from e-waste for reuse in another production. In addition, with the increase in disposable income, customers can afford premium-priced electronic devices, which drives the demand for these devices.The ever-increasing demand and scarcity of rare metals have been leading to a rapid rise in the prices of these metals. Moreover, rapid technology advancements and constant innovations in the product are enabling the electronic industry players to launch new products every day, decreasing the life of all white goods. The current estimation of 2028 is projected to be higher than pre-COVID-19 estimates.In terms of economic impact, the market has experienced a growth trend, adoption of work-from-home policies has led to increased demand for mobile computing devices, which has reduced the usage of stationary desktops and devices, thus, to reduce the operational cost, enterprises have been focusing on recycling these systems, creating an immense opportunity for the overall market growth.Current StatusThe ongoing sale of electronic products, especially in emerging countries, would provide a lucrative environment for e-waste management in the coming years. This also benefits manufacturers to produce electronic devices with lower cost and gain cost advantages over competitors.COVID Impact Analysis on E-Waste Management MarketPost-COVID-19, the size of the e-waste management market is estimated to grow from 49,880 million in 2020 and is projected to reach $143,870 million by 2028, at a CAGR of 14.3%. The global e-waste management market size was valued at $50 billion ($49,880 million) in 2020 and is projected to reach $143 billion ($143,870 million) by 2028, registering a CAGR of 14.3% from 2021 to 2028. For instance, from the e-waste generated by one million mobile phones, around 250 kg of silver, 24 kg of gold, and 9 tons of copper can be recovered. This also benefits nations in reducing greenhouse gas emissions and helps reduce global warming hazards.E-Waste Management Market Statistics: 2028Ever-increasing demand and scarcity of rare metals have been leading to a rapid rise in prices of these metals. Thus, these issues indeed force manufacturers of electronic devices to look for raw materials from recycled e-waste. This has increased the need to reuse, refurbish, and recycle devices made from metals. Due to the scarcity of these metals, their products' prices are also high. These scarce elements are widely used in producing consumer electronics and IT and communication devices. E-waste contains unique and precious metals, including silver, gold, palladium, platinum, indium, and gallium. ![]()
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