We as human beings have a passionate love towards our day to day usable gadgets like smart phones, tablets, flat screen televisions etc. Most of us are also addicted to them so much and believe in the concept of regular up gradation to the latest and greatest models in the market.

When we look around the world, every year 30 to 50 plus million tons of electronic devices are thrown or tossed away just like that. The rate of electronic waste is on the rise by an impressive three to five percent per year as the demand by the consumers is more towards “smart” products. Then the question arises where do all those old electronic items end up?

Many of those devices now a day’s end up totally forgotten in the dark corners of the cup boards or drawers worse in a landfill. So according to some famous research and the report published, say that we as human beings can make a choice or take up the decision on bringing up new Electronic Waste (Hazardous waste) recycling programs which will be designed to ensure that valuable materials contain within those electronic products find a second life.

There are certain researches which provide a crucial evidence base to really inform us all in a large scale and encourage everyone to think about the amount of the hidden or embedded value and precious materials found in the electronic products that we use on the day to day basis.

Various European countries have made it one of the priorities to work on a circular economy, where the wastes will be recognized as resources, and we can see how clear the effort is to make a good sense out of it when it comes to economics.

Some studies estimate the major revenues from recycled Electronic Waste at more than two billion Euros during the year of 2014 in the European market alone. the value which we can associate with those recycled resources can be expected to rise by the year of 2020 estimating it to be around 3.5 billion Euros. Popular electronic goods like smart phones, tablets contain precious materials, which includes platinum, gold, copper, silver, cobalt, and much more.

Various researchers have come up with the methodology to help certain organizations to know and look into such key materials and to focus more of their investments on materials to recover looking into factors including a number of materials which are available in waste streams, their material composition, the volatility of the price of recovered materials, the degree of required purity and much more. So they can rely on this methodology to get the major revenues from the recovery of popular electronic products, including LCD and LED items, television, computer monitors, smart phones, solar panels etc.

Obviously, recycling the E-Waste also do a better job in the reduction of environmental pollution by conserving the resources which are meant to be a virgin. The ones which are used for the manufacturing of high-tech based consumer products in the industries like Aerospace, Automobile and other such industries. As the demand for such limited resources continues to increase, the industries will be left with very little choice but to go for recycled materials for manufacturing those items and meet demands for new products.

As the rate of Electronic Waste and its challenges for managing a steady and growing stream of electronic waste remain quite daunting, we can be optimistic that the new frameworks coming in to practice together with market forces will move Electronics Waste recycling efforts forward.

It is important for everybody present on this planet, including government agencies, industries, consumers and various other stake holders, that we all come together and work and encourage the reuse, recycling, and recovery of such materials and improve the economy so that we all have a better and a sustainable future to live and operate.