|
Legislation propels growth of the European batteries waste market
Battery 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.
New analysis from Frost & Sullivan European Batteries Waste
Management Market, found that the market earned revenues of $10.3
million in 2009, and estimates this to reach $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,” said Frost & Sullivan
program 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,” explained
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.
|