PUBLISHER: Grand View Research | PRODUCT CODE: 1433559
PUBLISHER: Grand View Research | PRODUCT CODE: 1433559
Post-consumer Recycled Plastics In Consumer Electronics Market Growth And Trends
The global post-consumer recycled plastics in consumer electronics market size is anticipated to reach USD 37.79 million by 2033 and is projected to grow at a CAGR of 10.8% from 2024 to 2030 according to a new report by Grand View Research, Inc. The rapidly increasing quantity of e-waste is a serious global challenge that is being tackled by a number of governments. Many companies have accepted the use of post-consumer recycled polymers in the creation of their electrical devices as part of their sustainability goals.
Global urbanization, rising disposable incomes, and fast industrialization have fueled demand for electronic equipment. Plastics have gained popularity in the production of electronic equipment such as computers, cellphones, and other wearable gadgets due to properties such as durability, hardness, transparency, high heat and chemical resistance, and lightweight.Furthermore, an increasing number of environmental conservation awareness programs are being implemented to keep both customers and electronic device manufacturers informed about the growing increase of e-waste.
Furthermore, several end-use applications have embraced the use of post-consumer recycled plastics in the creation of their products. This allows them to keep raw material costs under control while also portraying themselves as an environmentally responsible product developer in comparison to their competitors. Lenovo Group Limited, for example, uses post-consumer recycled plastics in the production of its notebooks, desktops, workstations, monitors, and other peripherals.