The coronavirus (COVID-19) is rewriting the nature of the global society. According to the data published by the Environment Agency, U.K., collection targets for WEEE (Waste of Electrical and Electronic Equipment) were missed in the second quarter of 2020. This means that companies in the U.K. WEEE waste recycling market need to pay a compliance fee, as collection targets were missed. Companies are adhering to the guidelines set by the Defra (Department for Environment, Food and Rural Affairs), the U.K., to abide by the compliance fee methodologies.
Companies in the U.K. WEEE waste recycling market have registered a drastic fall in the collection of household appliances compared to provisional figures published in 2019. Hence, Defra is increasing efforts to draw possible leniency in compliance fee methodologies to minimize the pressure put on recycling companies.
Developing environment-safe recycling processes for WEEE management has become the need of the hour. Hence, companies such as Sustainable Innovations (SIE)— a Spanish advisory firm deploying its services in European countries, has introduced its 48-month project called PLAST2bCLEANED, which is in its communication strategy phase to deploy environment-safe recycling processes for WEEE management. Thus, companies in the U.K. WEEE waste recycling market can take cues from such firms to initiate ambitious objectives for WEEE plastics recycling.
The U.K. WEEE waste recycling market is projected to reach a valuation of ~US$ 200 Mn by the end of 2030. Companies are increasing efforts to innovate in communication strategies that help educate the general public. They are organizing a series of knowledge transfer activities that help to meet desired project outcomes.
The U.K. WEEE waste recycling market is expected to clock a favorable CAGR of 8% during the forecast period. This indicates that WEEE is a rapidly growing sub-sector of the larger waste and recycling industry. However, recycling companies need to comply with WEEE regulations in order to prevent materials from harming the environment. Hence, companies such as OPEX Corporation— a specialist in high-speed mail and warehouse automation, are increasing efforts to help recycling companies streamline their workflow to deliver efficiency and profitability.
Companies in the U.K. WEEE waste recycling market can be relieved, since the WEEE Regulations 2006 even apply to the producers and manufacturers. This helps in sharing the responsibility of safely disposing WEEE waste and reduce the waste treatment pressure on local authorities and taxpayers. Thus, recycling companies are taking the assistance of consultancy firms to efficiently finance the collection and treatment of WEEE waste.
The European Institute of Innovation & Technology (EIT) is increasing its R&D to upscale in the metallurgical treatment of 100% WEEE concentrates. Companies in the U.K. WEEE waste recycling market should collaborate with such institutes to innovate in processing technologies. They are increasing their research to develop a smelting furnace in combination with an optimized separation and refining process, which facilitates the treatment of 100% low grade WEEE concentrates. Recycling companies are deploying technological innovations to recover rare metals such as silver, copper, platinum, etc.
European experts are anticipating that WEEE waste collection is about to climb several million tons by the end of 2020. Hence, companies in the U.K. WEEE waste recycling market are taking cues from the Bollate Prison in Milan to increase rates for the collection and treatment of WEEE. Recycling companies are promoting social inclusion and job creation to improve operational efficiencies in organizations.
Rapidly growing ICT networks and services have raised the need of strict and broader legislation for WEEE waste management. The increasing number of electrical devices and electronic equipment is becoming obsolete, which is one of the key drivers translating into business opportunities for companies in the U.K. WEEE waste recycling market. This is why recycling companies are relying on continuous process developments to improve and incorporate state-of-the-art innovations in recycling.
Companies in the U.K. WEEE waste recycling market are promoting the reuse and renovation of WEEE to reduce its ecological environmental impact. They are adopting sustainability planning methods such as eco-designs to effectively dismantle and recycle WEEE concentrates. Recycling companies are increasing awareness about sustainable electronic product designs, which help to simply recycling processes and reduce costs for companies.
Companies in the U.K. WEEE waste recycling market should participate on workshops conducted by the European Commission. The European Commission is increasing efforts to improve information dissemination with regard to WEEE waste treatment. This information exchange is crucial between electrical devices and electronic equipment manufacturers and recyclers to minimize the environmental impacts caused due to improper disposal of WEEE. As such, the concept of achieving a circular economy is becoming increasingly popular in the market landscape.
The trend of sustainable electronic product designs is playing a key role in efficient information exchange between product manufacturers and recyclers. Local authorities are offering incentives and tools to electronic product manufacturers to deploy sustainable product designs. With the advent of new product launches due to fast obsolesce of devices, recyclers are emphasizing on reuse and recycling of sustainable materials. There is a growing need for industry-led, collaborative initiatives to improve operational efficiencies at treatment facilities when new electrical and electronic equipment are placed in the U.K. market.
Analysts’ Viewpoint
The £5 million WEEE Support Grants and Loans Package is helping the continuation of WEEE waste collection and recycling amidst uncertainties stemming from the coronavirus outbreak. Advisory and consultancy firms are playing a crucial role in improving the workflow in recycling companies and deliver profitability for clients. The idea of establishing a circular economy is helping producers and recyclers to save on resources and create more employment opportunities. However, several metric tons of generated e-waste lacks documentation, ends up in landfills, burned or are illegally traded. Hence, companies in the U.K. WEEE waste recycling market should devise knowledge transfer activities to increase rates of collection and management of WEEE concentrates.
U.K. WEEE Waste Recycling Market: Overview
Rise in Focus on Circular Economy: Key Driver of U.K. WEEE Waste Recycling Market
Increase in Applications of WEEE Waste Recycling in Material Recycling
U.K. WEEE Waste Recycling Market: Competition Landscape
U.K. WEEE Waste Recycling Market: Strategic Partnerships
U.K. WEEE Waste Recycling Market – Segmentation
TMR’s research study assesses the WEEE waste recycling market in the U.K. based on source and end use. This report presents extensive market dynamics and progressive trends associated with different segments, and how they are influencing the growth prospects of the WEEE waste recycling market.
Source |
|
End Use |
|
1. Executive Summary
1.1. Market Outlook
1.2. Key Facts and Figures
1.3. Key Trends
1.4. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Market Indicators
3. Market Dynamics
3.1. Drivers and Restraints Snapshot Analysis
3.1.1.1. Drivers
3.1.1.2. Restraints
3.1.1.3. Opportunities
3.2. Porter’s Five Forces Analysis
3.2.1. Threat of Substitutes
3.2.2. Bargaining Power of Buyers
3.2.3. Bargaining Power of Suppliers
3.2.4. Threat of New Entrants
3.2.5. Degree of Competition
3.3. Regulatory Scenario
3.4. Value Chain Analysis
4. Price Trend Analysis
5. U.K. WEEE Generation Overview
6. COVID-19 Impact Analysis
7. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Analysis, by Source
7.1. Key Findings and Introduction
7.2. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Source, 2019–2030
7.2.1. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Household Appliances, 2019–2030
7.2.2. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by IT & Telecommunication Equipment, 2019–2030
7.2.3. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Consumer Equipment & PV, 2019–2030
7.2.4. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Others, 2019–2030
7.3. U.K. WEEE Waste Recycling Market Attractiveness Analysis, by Source
8. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Analysis, by End-use
8.1. Key Findings and Introduction
8.2. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
8.2.1. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Material Recycling, 2019–2030
8.2.2. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Energy Recovery, 2019–2030
8.2.3. U.K. WEEE Waste Recycling Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Others, 2019–2030
8.3. U.K. WEEE Waste Recycling Market Attractiveness Analysis, by End-use
9. Competition Landscape
9.1. Competition Matrix
9.2. WEEE Waste Recycling Market Share Analysis, by Company (2019)
9.3. Market Footprint Analysis
9.4. Company Profiles
9.4.1. SUEZ
9.4.1.1. Company Details
9.4.1.2. Company Description
9.4.1.3. Business Overview
9.4.1.4. Financial Details
9.4.1.5. Strategic Overview/Recent Developments
9.4.2. Veolia
9.4.2.1. Company Details
9.4.2.2. Company Description
9.4.2.3. Business Overview
9.4.2.4. Financial Details
9.4.2.5. Strategic Overview/Recent Developments
9.4.3. Sims Metal Management Limited
9.4.3.1. Company Details
9.4.3.2. Company Description
9.4.3.3. Business Overview
9.4.3.4. Financial Details
9.4.3.5. Strategic Overview/Recent Developments
9.4.4. Ragn-Sells Group
9.4.4.1. Company Details
9.4.4.2. Company Description
9.4.4.3. Business Overview
9.4.4.4. Financial Details
9.4.4.5. Strategic Overview/Recent Developments
9.4.5. REMONDIS SE & Co. KG
9.4.5.1. Company Details
9.4.5.2. Company Description
9.4.5.3. Business Overview
9.4.5.4. Financial Details
9.4.5.5. Strategic Overview/Recent Developments
9.4.6. Kuusakoski
9.4.6.1. Company Details
9.4.6.2. Company Description
9.4.6.3. Business Overview
9.4.6.4. Financial Details
9.4.6.5. Strategic Overview/Recent Developments
9.4.7. Fortum
9.4.7.1. Company Details
9.4.7.2. Company Description
9.4.7.3. Business Overview
9.4.7.4. Financial Details
9.4.7.5. Strategic Overview/Recent Developments
9.4.8. Marius Pedersen a.s.
9.4.8.1. Company Details
9.4.8.2. Company Description
9.4.8.3. Business Overview
9.4.8.4. Financial Details
9.4.8.5. Strategic Overview/Recent Developments
9.4.9. Norsk Gjenvinning Norge AS
9.4.9.1. Company Details
9.4.9.2. Company Description
9.4.9.3. Business Overview
9.4.9.4. Financial Details
9.4.9.5. Strategic Overview/Recent Developments
9.4.10. SCHOLZ RECYCLING GMBH
9.4.10.1. Company Details
9.4.10.2. Company Description
9.4.10.3. Business Overview
9.4.10.4. Financial Details
9.4.10.5. Strategic Overview/Recent Developments
10. Primary Research – Key Insights
11. Appendix
11.1. Research Methodology and Assumptions
List of Tables
Table 01: U.K. WEEE Recycling Market Volume (Kilo Tons) Forecast, by Source, 2019–2030
Table 02: U.K. WEEE Recycling Market Value (US$ Mn) Forecast, by Source, 2019–2030
Table 03: U.K. WEEE Recycling Market Volume (Kilo Tons) Forecast, by End-use, 2019–2030
Table 04: U.K. WEEE Recycling Market Value (US$ Mn) Forecast, by End-use, 2019–2030
List of Figures
Figure 01: U.K. WEEE Recycling Market Value Share Analysis, by Source
Figure 02: U.K. WEEE Recycling Market Attractiveness Analysis, by Source
Figure 03: U.K. WEEE Recycling Market Value Share Analysis, by End-use
Figure 04: U.K. WEEE Recycling Market Attractiveness Analysis, by End-use