Global Green and Recycled Mobile Phone Market 2017-2021
About Green and Recycled Mobile Phone
Issues related to e-waste management has become a growing concern for industries across the world. Due to rising trend of digitalization and IoT (Internet of things), the use of electronic devices has been increasing substantially. Green and recycled phones are manufactured using e-waste as it contains valuable components and materials, including gold, silver, copper, and plastic. Most of these products are refurbished, reused, or recycled in an environmentally sound manner, thus aiding in the reduction of environmental pollution.
Technavio’s analysts forecast the global green and recycled mobile phone market to grow at a CAGR of 15.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global green and recycled mobile phone market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Green and Recycled Mobile Phone Market 2017-2021
Technavio recognizes the following companies as the key players in the global green and recycled mobile phone market: Arrow Electronics, Ingram Micro ITAD, Corporate Mobile Recycling, Redeem, and SIMS RECYCLING.
Other Prominent Vendors in the market are: MobileMuster, Electronic Recyclers International, Karma Recycling, Greencyc, Mazuma Mobile, ReCellOne, and GRC Wireless.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing concept of Internet of things (IoT). Internet of things connects devices to the Internet, facilitating communication and allowing objects to be controlled remotely across an existing network infrastructure. It is one of the key trends that is likely to prevail in the future.”
According to the report, one driver in the market is rise in environmental awareness. The number of individuals who understand the importance of sustainable management of the ecosystem has been rising. Certain regions, including the US, Europe, and Japan, strive for environmental sustainability. The increase in the disposal of e-waste has raised concerns due to hazards associated with it. The improper disposal of e-waste can lead to various environmental hazards, such as the contamination of groundwater and soil. Due to the toxic nature of e-waste, its proper disposal is essential.
Further, the report states that one challenge in the market is lack of awareness regarding recycle of mobile phones. Mobile phones are usually recycled at the end of their life cycle. However, with rapid advances in technology, most consumers dispose of their cell phones early to purchase the latest one. This increases the obsolescence rate, thereby increasing the volume of e-waste generated across the globe. Most of these phones are disposed of in landfills, thus increasing the volume of e-waste. The only way to reduce e-waste is creating awareness about the negative impacts of such devices on the environment.
row Electronics, Ingram Micro ITAD, Corporate Mobile Recycling, Redeem, SIMS RECYCLING, MobileMuster, Electronic Recyclers International, Karma Recycling, Greencyc, Mazuma Mobile, ReCellOne, GRC Wireless