Yesterday we mentioned how the state of Oregon alone recycled nearly 19 million pounds of e-waste just last year. Consider for a moment the economic value of that to companies who handle the recycling and reclamation of items like computers and televisions. How much money do you think could be made from that as an industry? ABI Research, out with a new study today, suggests it could reach a staggering $14.7 billion by the end of 2014 worldwide.
ABI Research said that last year the market for e-waste recovery globally was around $5.7 billion. This revenue is described as money generated through reclamation of valuable materials from e-scrap. A number of factors drive this growth, including rising rates of e-waste collection and recycling, larger availability of more cost-effective recycling technologies and “the integration of formal and informal recycling markets in key Asia-Pacific locations.” This latter one we worry about somewhat as a profit indicator, given the nasty little issue of exporting e-waste to developing parts of the world for cheaper and not always safe handling.
“The combined impact of the ongoing global economic recovery and strengthening e-waste recycling legislation worldwide will drive improved recycling/recovery rates in each of the next five years,” said ABI director Larry Fisher in a statement.