Mobile Phone Protective Cover Industry ESG Thematic Report, 2023

Environmental, Social and Governance (ESG) in the Mobile Phone Protective Cover Industry

Integrating ESG into decision making and business strategies contributes to an effective due diligence and a better investment decision for the company as well as relevant stakeholders. Companies which are focused on the Mobile phone protective cover market have not been disclosing ESG data for a while.

This segment has been heavily influenced by the growing smartphone market as repairing a cracked or damaged phone can be expensive. Most of the phone cases are plastic which are made from polymerization, which are byproducts obtained after refining oil and gas drilling. Minimizing the plastic usage has been one of the main concerns from investors. Along with this mobile cover packages are also a vital aspect that have potential environmental impact. Even though it has a potential for innovative spaces like 3d printing, the hard plastic which is generated can't be recycled as easily as other plastics. The United Nations’ Sustainable Development Goals (UN SDGs) is a comprehensive framework that helps companies in this market obtain a perspective on the impact of their products and operations on ESG parameters.

ESG Trends

Main trends for this segment have been with the innovative space(SDG 9- industry, Innovation and infrastructure) alongside 3d printing which had a huge impact in the market as the possibility of custom built designs on consumer demand. Custom designs can be downloaded from websites like Thing verse and a slicer can further be used to modify to customer demand. Sliced G-code file can be sent to a 3d printer to print as per demand.  Minimizing plastic both in product and packages have been a critical aspect for this segment, many innovations like biodegradable or compostable eco phone cases have been developed in the market. For example, many companies have introduced phone cases which are made from plant-based polymers and reclaimed with wheat fibers. Many companies have also focused on sustainable and recyclable materials too in order to mitigate plastic pollution prevailing in the market. In addition to this many companies have put forward plastic free packaging or sustainable or reusable/ recyclable packaging strategies which can also be coupled to reduce the impact of plastic pollution. Moreover, one of the top companies in this market has also made an agenda to remove 1 billion pounds of plastic from the waste stream by 2028.

ESG Challenges

There are many challenges for the mobile phone protective cover segment, starting off with product innovation; Samsung has introduced flexible and unbreakable mobile phones which don’t require any protective cover and many companies are also working to achieve customer demand for unbreakable smart or mobile phones. Since this technology poses a threat to the existence of this market, it will be a great challenge to assure business growth and sustainability. Majority of covers used by consumers are made from hard plastics which cannot be recycled or degradable and poses a grave danger to the environment. Even though there have been eco-cases which protect phones as well as the environment, it might not be affordable to many. 

Growth Of the Mobile Phone Protective Cover Market

The segment doesn’t assured stability in the future as innovative space of mobile is far ahead of mobile covers, necessity of covers won’t be required in future. But if innovative and unbreakable phones aren't being commercialized this segment can sustain. Considering the same scenario, introduction of affordable and eco-friendly cases can have a positive impact for this market.   This mobile phone protective covermarket has been valued at 21.4 billion USD in 2018 and expected to have a compound annual growth rate at 7.5% over the forecast period.

Key Companies in this theme

    • Otter Products LLC

    • Shenzhen Ipaky Electronic Co., Ltd

    • CG Mobile

    • Incipio, LLC

    • Griffin Technology

    • Amzer

    • MOKO

    • ZAGG Intellectual Property Holding Co., Inc.

    • Belkin International, Inc

    • XtremeGuard.

Scope Of Mobile Phone Protective Cover Industry ESG Thematic Report

    • Macro-economic and ESG-variable analysis of the industry, including regulatory, policy, and innovation landscape

    • Key insights on infrastructure developments and ESG issues affecting the theme

    • Identify key initiatives and challenges within the industry

    • Identify ESG leaders within the industry

    • Understand key initiatives and the impact of companies within the sector to fuel an informed decision-making process

    • Analysis of industry activities based on multi-media sources, including significant controversies and market sentiment

Key Benefits of Mobile Phone Protective Cover Industry ESG Thematic Report

    • Developing a comprehensive understanding of macro-economic, Policies & Regulations and innovations affecting the Mobile phone protective cover space, globally

    • Key insights into environmental developments and ESG issues affecting the theme

    • Identifying ESG risks and opportunities to business among leading players in the Mobile phone protective cover

    • Obtaining a clear and relevant understanding of company actions, progress, and impact and find opportunities for investment into the sector