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Growing Amount of E-waste and Its Subsequent Impact on Environment is Key Factor Helping to Shape Global and Japan Mobile Phone Recycling Service Market
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Mobile phones can be recycled at the end of their life. Rapid technology change, low initial cost, and even planned obsolescence have resulted in a fast-growing surplus, which contributes to the increasing amount of electronic waste around the globe. Recyclers consider electronic waste a "rapidly expanding" issue. In the United States, an estimated 70% of heavy metals in landfills comes from discarded electronics, while electronic waste represents only 2% of America's trash in landfills. This presents a lucrative opportunity for the development of the global and Japan mobile phone recycling service market.
Mobile phones are "considered hazardous waste" in across the globe; many chemicals in such phones leach from landfills into the groundwater system. Environmental advocacy group Greenpeace claims that the soldering of the iPhone battery into its handset hinders its being recycled. It also states that its scientists found toxic phthalates on iPhone cables, and it holds that this contravenes Such efforts are not only creating awareness among consumers about mobile waste and but also aiming to provide growth opportunities for the overall growth of the global and Japan mobile phone recycling service market.
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Recycling of Phones Is Becoming Crucial for Environmental Purpose
The recycling of mobile phones and devices is very important, partially because of the planned obsolescence and quick evolution of these products. As traditional cell phones quickly morphed into today’s smartphone devices and other kinds of rapid evolution made certain hardware obsolete, the result has been a glut of potentially toxic electronic waste that can clog landfills and contaminate the environment. That offers global and Japan mobile phone recycling service market an important aspect of health and safety around the world.
The global and Japan mobile recycling service market can be segmented in terms of service type, application, and region. Based on type of service, the global and Japan mobile recycling service market can be segmented into physical store, internet, and recycle bin. Of these, the internet segment is expected to witness maximum growth over the course of the given forecast period ranging from 2015 to 2026. The growth of the segment can be primarily attributed to the increasing number of people using internet services to donate their phones for recycling.
Based on application, the global and Japan mobile phone recycling service market can be segmented into recycling and pollution prevention. Both the segments are expected to witness ample growth avenues in the coming years of the forecast period.
Some of the key players in the global and Japan mobile phone recycling market include names such as Apple, ReCellular, Cloudblue Technologies, Redeem, and ReCell One among others.
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