This market research report by Technavio provides detailed segmentation of the global green and recycled mobile phone market by materials (metal, plastic, and others) and by geography (APAC, MEA, Europe, and Americas). Key vendors in this market are Arrow electronics, Cloudblue technologies, Corporate Mobile Recycling, Redeem, and SIMS Recycling Solutions Holdings Inc.
Technavio has released updated information on the recycling market, with the publication of its new market research report, global green and recycled mobile phone market. The global green and recycled mobile phone market is expected to grow at a CAGR of around 16% between 2015 and 2019. The introduction of initiatives such as the e-cycle and e-stewards certification to reduce the illegal and improper disposal of e-wastes is expected to foster growth in this market during the forecast period. The Americas is the leading market for green and recycled mobile phones, accounting for 53% of the total market share. Rising consumer awareness pertaining to the importance of handling e-waste is a critical factor that drives growth in this region
“Increase in the use of electronic goods especially mobile phones, has inevitably surged the volume of e-wastes. Hence, to ensure environmental safety, the mobile phones manufactures have started producing devices that are made from recycled materials or easily recyclable materials. Also, several mobile companies are monitoring the amount of toxic substances that are incorporated into mobile phones during their production,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Currently, metals dominate the global green and recycled mobile phone market, by occupying 40% of the total market share. However, the plastic segment is expected to lead the global market owing to its ability to make the phone resistant to damage and its capacity to bring down the manufacturing cost. Recently, Motorola has unveiled mobile phones that are made using recycled plastic.
The key players in the global green and recycled mobile phone market include Arrow electronics, Cloudblue technologies, Corporate Mobile Recycling, Redeem, and SIMS Recycling Solutions Holdings Inc. This market is highly competitive and is dominated by a few key players like Arrow and Cloudblue. The rapid penetration of mobile phones across the globe is expected to play a vital role in increasing the demand for e-waste management. On an average, a customer uses a mobile phone for about two years before purchasing a new product. This leads to an increase in the volume of waste being generated, which in turn brings about market growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Green and Recycled Mobile Phone Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Global Green and Recycled Mobile Phone Market 2014-2018
- Plastic Bottle Recycling Market in the US 2015-2019
- Global Recycled Paper Packaging Market 2015-2019
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