Overview of the Mobile Phone Recycling Business
Mobile phones have become a requirement in everybody’s life, especially after COVID. In a lockdown, everyone was using mobile to conduct their daily work, whether studying or conducting official meetings. According to the latest statistics released in 2022, the figure relating to smartphone users worldwide is around 6.648 billion, which, if calculated, amounts to 83.37 per cent of the world’s population. Further, it is estimated that in 2025, 7.49 billion of the total population will have mobile phones. With this huge amount of the population using mobile phones, it is guaranteed that the waste related to this will also skyrocket. Thus, there is a strong need for a mobile phone recycling business, especially in India.
According to the telecom analysis firm counterpoint research, India is the largest smartphone market after China, with around 650 million total mobile users. It is also estimated that personal devices constitute around 82 per cent of e-waste generated in India. Moreover, another report indicates that out of the total e-waste generated in India, computer equipment amounts to 70 per cent, followed by mobile phones - at 12 per cent. Furthermore, electrical equipment amounts to8 per cent, medical equipment - 7 per cent and household e-waste - the remaining. Although most of this e-waste is recycled or handled by the informal sector, it instigates more pollution and environmental damage.
Therefore, it is said earlier also that there is an urgent need to establish a Mobile Phone Recycling Business for proper regulation and management of this gadget.
Market Overview of Mobile Phone Recycling Business
According to the market overview reports on the mobile phone recycling business, it is clear that there is an urgent need, which is now being realised by the world as well. According to statistics for the e-waste management business, the market size for EWM globally was valued at $49,880 million in 2020. It is estimated to increase to $143,870 million by 2028, recording the Compound Annual Growth Rate (CAGR) of 14.3 per cent from 2021 to 2028. Additionally, if we look specifically at the mobile phone recycling business, it has recorded aCAGR of 18.92% from 2021 to 2028.
Benefits of Mobile Phone Recycling Business
Establishing mobile phone recycling business has many benefits apart from contributing to the growth of India’s GDP. Some of the benefits are: -
- When recycling a 1-ton mobile phone waste, approximately 300 grams of gold, 140 kilogram of copper, and 140 grams of palladium and platinum are extracted.
- Upon recycling the phones' battery, cobalt, copper and other such metal are recovered for resale.On the other hand, other recovered components can be used in cement factories, road building materials and smelting work.
- Circuit board of mobile phones also contain gold and silver, which are further used as raw materials in other industries.
The process adopted in Mobile Phone Recycling Business
Recycling mobile phones, whether normal cell phones or smartphones, remains similar. Following the four main steps involved in the process are usually carried out at the mobile phone recycling business: -
- Dismantling and sorting
- Recycling the battery of mobile phones. The batteries are made of lithium-ion and their polymer and are reprocessed through pyrolysis heat treatment.
- Recycling mobile circuit boards. This step involves the following equipment: -
- A soldering guns/hot bar
- Vacuum tools or specialised conviction
- Solder baths
- Infrared heating
- Forced hot air
- Recycling the plastic which follows the process:-
- Plastic collection
- Manual sorting
Channelisation process followed by Mobile Phone Recycling Business
Recycling or reprocessing is not a single-step procedure, but it has many channels with one or more operations. The first step or phase is the gathering and consolidation of mobile phone waste. This step is either done by the Producer Responsibility Organisation (PRO) employed by producers or by the informal sector, that is, kabadiwalas(Waste Collector). The second step is the treatment or recycling phase, which is explained above. Both these steps are indispensable for the mobile phone recycling business.
How can Enterclimate assist you?
Individualised legal assistance
Our legal experts support obtaining a license for a Mobile phone recycling business.
Aid in annual report filing
We offer complete guidance exclusively to your dedicated needs. Our team of professionals also provide help in annual report filing.
Support on filing for renewal
Our team of professionals also provide thorough service for filing a renewal application for a Mobile phone recycling business license.