A new study predicts that the worldwide market for waste electrical and electronic equipment (WEEE) will reach a volume of $1.87bn per year. Noting that revenues from e-scrap last year stood at $1.42bn, the new report published by consultancy Frost & Sullivan estimates that the market will expand by four per cent annually.
The European market was the most important worldwide, due to its comparatively ambitious regulatory scheme and the presence of leading recycling companies, said Frost & Sullivan.
But high rates of growth were to be expected in other markets as well, above all in North America. The consultancy predicts that the growing volumes of WEEE provide market momentum there.