Global Green and Recycled Mobile Phone Market: Key Trends, Industry Opportunities and Forecast

The latest industry research report on Green and Recycled Mobile Phone Market by MRC provides a thorough analysis of the Global Green and Recycled Mobile Phone Market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Green and Recycled Mobile Phone industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.

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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.”

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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.

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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.

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