![]() 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. Such metals need to be recovered from e-waste for reuse in another production. 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. In contrast, Best Buy lists the recycling companies it uses on its website.E-waste contains unique and precious metals, including silver, gold, palladium, platinum, indium, and gallium. As the Coalition says of the program, “There is little transparency on Lenovo’s site.” In fact, Lenovo does not disclose the recycling companies it uses. One of the reasons for Lenovo’s low grade is the fact that there is little transparency in regards to its take back program. ![]() Lenovo is also the fourth largest computer program in the world. The company is Lenovo and it is the fastest growing computer company in the world, according to the Coalition, with record profits last year. The Coalition gives one company’s take back program a “D” rating. Since none of the companies listed uses e-Stewards, there is not way to know for sure if they are exporting “conflict” minerals, or those minerals from the Democratic Republic of Congo whose sale is used to fund militias that terrorize the local population. Most of the electronics programs listed on the Coalition’s website do not use the e-Stewards certification program, including Best Buy. ![]() Not all electronic take back programs are the same as the Electronics Take Back Coalition points out. Now that stores such as Radio Shack and Best Buy have take back programs, there really is no excuse to not recycle worn-out electronics. Trendwatching points out something very important about take back programs: “These programs leave consumers no excuse to not recycle in 2012.” When it comes to electronics, before the rise of take back programs it was simply easier for people to just take their old TVs, DVD players and other end-of-life electronics to a local landfill. It attributes the rise of this type of recycling by companies as coming from an increasing awareness among consumers of the “material and ecological value of stuff,” and dubs that awareness “eco-cycology” Trendwatching lists the “phenomenon of brands helping consumers recycle by taking back all old items from customers, and actually doing something constructive with them” as one of its green trends for 2012. A total of 2.37 million tons of electronics were ready for end-of-life management in 2009, but only 25 percent were collected for recycling. In 2009, 438 million new electronic products were sold. Consider a few statistics about electronic products in the U.S. Electronics, in particular, fit into that category. It’s an important trend because some products just can’t be put into a recycling bin outside of your house. A number of companies have take back programs that allow customers to return products at the end of their life cycles.
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