Page 23 - Plastics News May 2024

ENVIRONMENT NEWS

E-Waste Management Market Report 2024: Trends and Revenue
Forecasts to 2033

he market for e-waste management is expanding quickly; at a compound annual growth rate (CAGR) of 14%, it
is expected to rise from $60.25 billion in 2023 to $70 billion in 2024 and then to $118.32 billion by 2028. The
growing amount of e-waste being produced, CSR programs, environmental concerns, and the need for scrap
management solutions are some of the factors driving this expansion.

Technological developments, recycling technology advances, digital solutions for streamlined operations, adoption of
advanced recycling technologies, and a focusing on eco-design principles to improve sustainability are some of the major
industry trends.
The expansion of the e-waste management industry is mostly being driven by the rising sales of electronic items. Busi-
nesses are creating digital technology solutions to improve their offerings. One example is Zolo's Single Touch e-waste
recycling software, which attempts to guarantee regulatory compliance and expedite recycling procedures. Companies
are increasing their geographic reach and skills in the e-waste recycling sector through strategic acquisitions, such as
Elemental Holding Group's acquisition of Colt Recycling LLC. Glencore International AG, Veolia Environment SA, Aurubis
AG, Waste Management Inc., and Boliden AB are some of the leading companies in the sector.

Asia-Pacific is anticipated to develop at the quickest rate throughout the forecast period, with Europe remaining the larg-
est region in the e-waste management market in 2023. The market study includes countries like Australia, Brazil, China,
France, Germany, India, Indonesia, Japan, South Korea, UK, USA, Canada, Italy, and Spain along with regions like Asia-
Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. In addition to material
recovery (metal, plastic, glass, and other materials), source (industrial electronics, IT and telecom equipment, data centers,
networking cards/equipment, digital boards, and others), and application (disposal, reuse, landfill, incineration, recycle),
the report divides the market into two categories: recycled and unrecycled.
Source:-https://finance.yahoo.com/news/e-waste-management-market-report-081600670.html
Hokkaido University Paves the Way for Recyclable Plant-Based

Polymers
n an important step toward reducing plastic pollution, Hokkaido University researchers have made progress
in producing recyclable polymers from plant materials. Through the utilization of compounds found in plant
cellulose, they have created a process for making highly adaptable polymers that are entirely recyclable. Their
novel approach is described in the article that was published in ACS Macro Letters.
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