Frost & Sullivan: Legislation Propels Growth of the European Batteries Waste Management Market
By Frost Sullivan, PRNETuesday, April 13, 2010
LONDON, April 14, 2010 - Batteries waste management has been a growing market across Europe
principally because legislative pressure and impending deadlines are altering
the way battery waste has been dealt with so far. The EU Batteries Directive
is one of the most dominant tools that have shaped market demand, supported
scientific advances and encouraged investment in the batteries waste
management market. While automotive and industrial batteries have already
achieved a high recycling percentage due to the economic benefits of
recycling, the Directive now has stringent targets for the regulation of
portable batteries, paving way for new opportunities for the market
participants.
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New analysis from Frost & Sullivan (www.environmental.frost.com),
European Batteries Waste Management Market, finds that the market earned
revenues of US$10.3 million in 2009, and estimates this to reach US$74.0
million by 2016. The regions covered in this research service are the United
Kingdom, Germany, France, Benelux (Belgium, the Netherlands and Luxembourg),
Alpine (Switzerland and Austria), Scandinavia (Sweden, Denmark, Norway and
Finland), southern Europe (Italy, Spain and Portugal) and central and eastern
Europe (CEE).
"The new battery directive imposes collection targets and recycling
efficiencies for all batteries and introduces extended producer
responsibility (EPR) as a regulatory instrument," says Frost & Sullivan
Programme Manager Suchitra Padmanabhan. "Therefore, the transposition of this
directive is expected to have a radical impact on the countries that are not
yet forerunners in this field."
The intensifying volumes of waste batteries in Europe widen the scope of
market opportunities for battery disposal services companies. With
fast-approaching deadlines for legislative compliance, the demand for
efficient solutions and material recovery is on the rise.
However, the diverse nature of local legislation regarding batteries
across the European Union has made the implementation as well as its
potential interpretations extremely varied.
"Waste management companies find it challenging to manage these
variations arising from lack of clarity, unified registration and reporting
requirements across member states in the EU," explains Padmanabhan. "This has
hampered development of an integrated unified waste management solution by
these companies."
Companies are seeking to address these local variations by gradually
formulating strategies depending on the state of compliance with the EU
legislation and the availability of infrastructure to meet these demands.
"Companies should establish their credentials as per EU legislation to
compete with well-established leaders who dominate the market space, in order
to gain substantial market share in this high growth market," concludes
Padmanabhan. "Recycling capabilities and adherence to local and EU
legislation are essential to succeed in this market."
If you are interested in more information on this study, please send an
e-mail to Chiara Carella, Corporate Communications, at
chiara.carella@frost.com, with your full name, company name, title, telephone
number, company e-mail address, company website, city, and country.
European Batteries Waste Management Market is part of the Environmental
Growth Partnership Services programme, which also includes research in the
following markets: Global biological waste to energy market, Mergers &
Acquisitions in the European Waste Management Market, European Waste Electric
and Electronic Equipment Market. All research services included in
subscriptions provide detailed market opportunities and industry trends that
have been evaluated following extensive interviews with market participants.
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European Batteries Waste Management Market
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Contact: Chiara Carella Corporate Communications - Europe P: +44-(0)-20-7343-8314 M: +44-(0)-753-3017689 E: chiara.carella@frost.com
www.frost.com
Chiara Carella, Corporate Communications - Europe of Frost & Sullivan, +44-(0)-20-7343-8314, mobile, +44-(0)-753-3017689, chiara.carella at frost.com
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