Japan E-Waste Management Market Research Report, 2028

Japan E-Waste Management Market Research Report, 2028

Actual Market Research 30-01-2023 61 Pages Figures : 5 Tables : 14 Region : Asia-Pacific Country : Japan Category : Energy & Utility Environmental

Electronic waste is a major environmental issue in Japan. In spite of the fact that Japan was among the first countries in the world to implement a recycling program for electronic waste, it still faces serious issues in managing the waste effectively. Further, much of the waste generated in Japan is exported to the neighbouring nations. It is, therefore, necessary for the country to plan new recycling initiatives, by means of which, it can turn trash into treasure and also avoid damage to the environment at the same time. Japan relies on a strong legal framework, an advanced collection system, and a developed processing infrastructure. In 2016, under the Act on Recycling of Specified Kinds of Home Appliances, Japan collected around 570.3 kt through official channels. In 2019, the Japanese government reported that approximately 2.6 million tons of e-waste was collected and treated in Japan, Not only does e-waste harm the environment if untreated, it also becomes a fiscal loss due to the material lost that could have been salvaged. Much of Japan's e-waste is actually exported to neighbouring countries. During the Tokyo Olympic 2020 in japan the medals were made from e waste of japan. According to the research report “Japan E-waste Management Market Research Report, 2028," published by Actual Market Research, the market is expected to add USD 2.42 billion by 2028. The rapid expansion of the electronics industry is creating a positive Research Report for the market. Product innovation and the introduction of new devices have resulted in an increase in the sale of electronic devices. This has increased the disposal of old electronics, which has aided market growth. In line with this, rising environmental consciousness among consumers as a result of the negative impact of increasing waste volume, which leads to adverse health hazards, is positively impacting market growth. Furthermore, various technological advancements, such as the immediate integration of artificial intelligence (AI) and machine learning (ML) to identify, sort, and categorise waste, are propelling market growth. Furthermore, the scarcity of precious metals such as gold, platinum, silver, and indium is facilitating the need for e-waste management in order to manufacture new devices from recycled components with a lower carbon footprint. This, in turn, has a positive impact on market growth. Other factors, such as rising consumer spending power to afford premium-priced electronic devices and the implementation of several government initiatives to raise awareness about proper e-waste disposal, are expected to drive the market forward. The e-waste market is segmented into three categories: source (household appliances, consumer electronics, and industrial electronics), material (metal, plastic, and glass), and application (trash and recycled). The e-waste management market in Japan is segmented by source type: household appliances, consumer electronics, and industrial electronics. Household appliances are those appliances that are used in a household, such as air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, trash compactors, microwave ovens, and induction cookers, among others. Mobile devices, wearables, TVs, set-top boxes, monitors, laptops, tablets, computers, printers, scanners, and so on are examples of consumer electronics. IT & Telecom Equipment, IT Accessories, PCBs, Digital Boards, Datacenters, Medical Equipment and Accessories, and so on are examples of industrial appliances. During the forecast period, household appliances are expected to dominate the Japan e-waste management market. The e-waste management market in Japan is divided into three categories: metal, plastic, and glass. Because metals recovered from e-waste are very valuable, the metals segment is expected to dominate the market for e-waste management during the forecast period. Metals recovered from e-waste include aluminium, ferrous metals, copper, gold, and silver. The e-waste management market in Japan is divided into two segments: trashed and recycled. Due to an increase in E waste and certain government initiatives to improve E waste management, which are major drivers of the Japan E waste management market, the recycling segment is expected to dominate the Japan E waste management market. The Association for Electric Home Appliances developed the home appliance recycling ticket system which is the foundation of e-waste recycling and treatment. This ticketing system was installed to ensure that relevant parties would forward smoother home appliance recycling activities under the Law for the Recycling of Specified Kinds of Home Appliances (LRHA). Although it is one system, it comes in two types. The first type requires consumers to pay recycling and transportation fees to the retailer and the second type requires them to pay recycling fees through postal transfer. The cost of transportation as well as the recycling of the e-waste when discarding home appliances is the responsibility of the consumer The foundation of Japanese e-waste recycling contains two elements; the first is the Law for the Promotion of Effective Utilization of Resources (LPUR) and the other is the Law for the Recycling of Specified Kinds of Home Appliances (LRHA). The first law was revised in 2001, called the Law for the Promotion of Effective Utilization of Resources (LPUR). This law encourages manufacturers to voluntarily help recycle goods and reduce the generation of the waste. The second law became effective on April 1, 2009, called the Law for the Recycling of Specified Kinds of Home Appliances (LRHA). This law imposes more requirements on the recycling efforts of both consumers and manufacturers of home appliances Rapid technological advancement and frequent product innovations result in an increase in the sale of electronic products. Mobile devices, televisions, and computer devices, in particular, are experiencing rapid growth around the world. With rising purchasing power and a rising trend in disposable income, the sale of these electronics is steadily increasing. Furthermore, new product launches with updated features and added services entice customers to replace their old products with new ones. This has reduced the device's life span to about 3–4 years. As a result, e-waste is increasing at an alarming rate, encouraging industry players to expand their operations and establish a broad network for e-waste collection and processing facilities. Some of major companies for e waste recycling in japan includes Toshiba, Panasonic, Corona, JVC, Daikin, Hitachi, Mitsubishi, Sony Sharp, Mitsubishi Heavy Industries, Fujitshu General, Funai, and Chofu are among the Japanese companies with more than 40 e-waste recycling plants. COVID 19 IMPACT This e-waste management industry was suffering during the COVID-19 pandemic due to a halt in e-waste recycling and collection. Furthermore, the sudden increase in COVID-19 infections halted production. Furthermore, trade restrictions hampered economic progress and limited mobility. However, the reinstatement of lockdown restrictions enabled manufacturers to increase their activity and improve their market position. These factors aided the growth of the industry. Considered in this report • Geography: Japan • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Japan E waste management market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Source Type • Household Appliances • Consumer Electronics • Industrial Electronics By Material Type • Metal • Plastic • Glass By Application Type • Trashed • Recycled The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Air purifier market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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