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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The recycling of used smartphones is handled through disposal facilities. Finding local businesses that recycle our old smartphones is crucial, for this reason. Phones may typically be disposed of using a mobile recycling machine.
The recycling facilities that provide secure recycling services will receive those phones. They can safely dispose of potentially dangerous materials from cell phones. You should back up your data and erase it completely from the device, though, before throwing away old phones in the mobile recycling machine.
The Global Smartphone recycling market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The most environmentally friendly smartphone to date, the Nokia X30 5G, is being released by HMD Global. It is constructed of 65% recycled plastic and 100% recycled aluminium.
To help the mobile industry transition to a more "circular economy" that minimises waste and further cuts carbon emissions, Vodafone announced a significant programme to extend the life of new mobile phones and encourage users to trade in or recycle their old handsets.
Samsung Electronics, a South Korean technology powerhouse, promised to use recycled materials in every one of its new mobile products.
Apple has provided updated information on its growing use of recycled materials in all of its products. The company increased the use of recycled cobalt, tungsten, and rare earth elements by more than double and for the first time offered certified recycled gold. The amount of recycled materials used in Apple products was close to 20%.
In order to recycle its obsolete models, British network provider Vodafone announced a partnership with Recommerce in Barcelona.
Smartphone recycling has become a booming industry in recent years as more people are becoming aware of the environmental benefits of recycling and disposing of their old devices.
With the introduction of new and innovative technologies, consumers are buying and upgrading their devices more frequently than ever before, leading to an influx of used smartphones that need to be properly recycled to avoid hazardous waste.
To meet this increasing demand, many businesses have taken advantage of the potential of the mobile phone recycling market by partnering with each other to offer the most comprehensive services and products.
One of the most recent and notable partnerships in the smartphone recycling market is between two of the leading companies in the sector, Brightstar and Maximus. Brightstar is a global leader in the mobile device industry and provides services to over 170 countries.
It offers a range of services and products, including device sourcing, financing, and aftermarket services. Maximus is a leading recycling and asset recovery provider, offering a variety of services for mobile device recycling and refurbishment.
Through their newly formed partnership, Brightstar and Maximus are providing an integrated solution for the mobile device recycling and refurbishment market. The partnership offers a comprehensive solution that includes devices sourcing and financing, recovery of assets, and recycling services.
The two companies have also developed a mobile device recycling platform that allows customers to easily identify and sort devices into various categories based on their condition, age, and model. This platform helps to ensure that all devices are properly recycled and reused in an environmentally friendly way.
In addition, the companies have also collaborated to introduce a mobile device collection and repair service. This service allows customers to drop off their old devices at designated locations and have them refurbished or recycled.
The service also provides customers with a convenient way to donate their old devices, helping to reduce e-waste and contribute to a more sustainable future.
The partnership between Brightstar and Maximus is a prime example of how businesses can come together to provide comprehensive solutions for the mobile device recycling market.
This collaboration has allowed them to offer a comprehensive platform that is designed to make device recycling and refurbishment easier and more efficient.
The integrated solution has also enabled them to provide customers with a more sustainable, convenient, and cost-effective way to recycle and reuse their old devices, which is essential to creating a more sustainable future.
By leveraging their resources and expertise, Brightstar and Maximus have been able to create an innovative and comprehensive solution for the mobile device recycling market.
This partnership has enabled them to tap into the growing demand for used smartphones and provide consumers with a convenient, cost-effective, and eco-friendly way to recycle and reuse their old devices.
This is a powerful example of how businesses can come together to create a more sustainable future and make a positive impact on the environment.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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