Market Forecast By Source (Industrial Waste, Municipal Waste), By Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polystyrene, Others), By Product Type (Packaging, Construction, Automotive, Electrical & Electronics, Others), By Treatment Method (Collection, Recycling, Disposal) And Competitive Landscape
Product Code: ETC340323 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Mexico Plastic Waste Management Market |
Forecast period | 2025-2031 |
CAGR | 6.3% |
Growing Sector | Packaging |
Mexico Plastic Waste Management Market Report thoroughly covers the market by source, material, product type and treatment method. The Mexico Plastic Waste Management Market Outlook report provides an unbiased and detailed analysis of the ongoing Mexico Plastic Waste Management Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Mexico plastic waste management market is witnessing significant growth driven by increasing environmental concerns and stringent governmental regulations. The country is actively seeking effective solutions to address the escalating problem of plastic waste, with both private and public sectors spearheading various initiatives. Several innovative recycling technologies and waste-to-energy projects are being implemented to manage plastic waste sustainably. Additionally, heightened awareness among consumers regarding the detrimental impact of plastic pollution is fostering a more responsible behavior towards waste segregation and recycling. As a result, Mexico's plastic waste management market is expected to continue its upward trajectory, contributing positively to the nation's environmental conservation efforts.
According to 6Wresearch, Mexico Plastic Waste Management Market size is projected to rise at a CAGR of 6.3% during 2025-2031. One of the major drivers of this market is the increasing awareness of environmental issues and the importance of proper waste disposal. With a growing population and industrialization, there's been a significant rise in plastic consumption, resulting in a substantial amount of plastic waste. This has prompted governments and organisations to implement strict regulations and promote sustainable practices for managing plastic waste. Additionally, technological advancements and innovations in recycling and waste management have also fueled market growth.
However, there are also challenges faced by this market, such as the lack of proper infrastructure and resources for effective waste management. This includes issues like insufficient collection and recycling facilities, leading to a significant amount of plastic waste being left unmanaged. Additionally, the growing demand for single-use plastic products in Mexico contributes to the volume of plastic waste generated, requiring more advanced and sustainable solutions for management. Moreover, there's a lack of awareness and education among the public regarding proper waste management practices, which further impedes Mexico Plastic Waste Management Market Growth.
Some key players in the Mexico Plastic Waste Management Industry include names like Veolia, SUEZ, Waste Management Inc., REMEX, and Fomento Economico Mexicano (FEMSA). These companies play a crucial role in addressing the issue of plastic waste in Mexico by providing services such as collection, sorting, recycling, and disposal.
The Plastic Waste Management industry in Mexico has been a major focus for the government, given its significant environmental impact. Recently, the government has launched several initiatives to address this issue and promote sustainable waste management practices. A key scheme is the National Strategy for Sustainable Solid Waste Management, which encourages recycling and fosters a circular economy to reduce plastic waste. Furthermore, the government has imposed bans on single-use plastics in certain areas and offers incentives for businesses to adopt eco-friendly packaging materials. These measures have not only reduced plastic pollution but also generated job opportunities in recycling and waste management sectors.
The Mexico Plastic Waste Management Market has experienced steady growth due to increasing environmental concerns and government efforts. This expansion is fueled by growing awareness of plastic waste's environmental impact, driving demand for sustainable solutions. Government actions like banning single-use plastics and implementing recycling programs have also boosted industry growth in Mexico. With these trends expected to persist, the market offers opportunities for companies to invest in eco-friendly solutions and contribute to a greener future.
According to Dhaval, Research Manager, 6Wresearch, the Industrial Waste segment dominated this industry. However, with increasing efforts and initiatives towards sustainable waste management practices, the Municipal Waste segment is projected to dominate the industry in the coming years.
On the basis of material, the Mexico Plastic Waste Management Market is dominated by the Polyethylene (PE) segment. This is mainly due to their wide range of applications in different industries, including packaging, construction, automotive, and electronics. In the coming years, the Polyethylene Terephthalate (PET) segment is projected to dominate the market, driven by the increasing demand for PET bottles in the beverage industry and its high recyclability rate.
The Packaging segment has dominated the Mexico Plastic Waste Management Market in recent years and is expected to continue its dominance in the coming years. This can be attributed to the high demand for plastic packaging materials in various industries such as food and beverage, healthcare, and consumer goods.
The recycling segment dominates the Mexico Plastic Waste Management market due to increasing awareness and implementation of sustainable waste management practices. However, with growing environmental concerns and government initiatives towards reducing plastic pollution, the disposal segment is projected to dominate the industry in the coming years. This can be attributed to the strict regulations and policies aimed at promoting proper disposal methods for plastic waste.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Plastic Waste Management Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Plastic Waste Management Market Revenues & Volume, 2021 & 2031F |
3.3 Mexico Plastic Waste Management Market - Industry Life Cycle |
3.4 Mexico Plastic Waste Management Market - Porter's Five Forces |
3.5 Mexico Plastic Waste Management Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Mexico Plastic Waste Management Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Mexico Plastic Waste Management Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Mexico Plastic Waste Management Market Revenues & Volume Share, By Treatment Method, 2021 & 2031F |
4 Mexico Plastic Waste Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Plastic Waste Management Market Trends |
6 Mexico Plastic Waste Management Market, By Types |
6.1 Mexico Plastic Waste Management Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Mexico Plastic Waste Management Market Revenues & Volume, By Source, 2021 - 2031F |
6.1.3 Mexico Plastic Waste Management Market Revenues & Volume, By Industrial Waste, 2021 - 2031F |
6.1.4 Mexico Plastic Waste Management Market Revenues & Volume, By Municipal Waste, 2021 - 2031F |
6.2 Mexico Plastic Waste Management Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Mexico Plastic Waste Management Market Revenues & Volume, By Polyethylene, 2021 - 2031F |
6.2.3 Mexico Plastic Waste Management Market Revenues & Volume, By Polypropylene, 2021 - 2031F |
6.2.4 Mexico Plastic Waste Management Market Revenues & Volume, By Polyethylene Terephthalate, 2021 - 2031F |
6.2.5 Mexico Plastic Waste Management Market Revenues & Volume, By Polystyrene, 2021 - 2031F |
6.2.6 Mexico Plastic Waste Management Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Mexico Plastic Waste Management Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Mexico Plastic Waste Management Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.3.3 Mexico Plastic Waste Management Market Revenues & Volume, By Construction, 2021 - 2031F |
6.3.4 Mexico Plastic Waste Management Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.5 Mexico Plastic Waste Management Market Revenues & Volume, By Electrical & Electronics, 2021 - 2031F |
6.3.6 Mexico Plastic Waste Management Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Mexico Plastic Waste Management Market, By Treatment Method |
6.4.1 Overview and Analysis |
6.4.2 Mexico Plastic Waste Management Market Revenues & Volume, By Collection, 2021 - 2031F |
6.4.3 Mexico Plastic Waste Management Market Revenues & Volume, By Recycling, 2021 - 2031F |
6.4.4 Mexico Plastic Waste Management Market Revenues & Volume, By Disposal, 2021 - 2031F |
7 Mexico Plastic Waste Management Market Import-Export Trade Statistics |
7.1 Mexico Plastic Waste Management Market Export to Major Countries |
7.2 Mexico Plastic Waste Management Market Imports from Major Countries |
8 Mexico Plastic Waste Management Market Key Performance Indicators |
9 Mexico Plastic Waste Management Market - Opportunity Assessment |
9.1 Mexico Plastic Waste Management Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Mexico Plastic Waste Management Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Mexico Plastic Waste Management Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Mexico Plastic Waste Management Market Opportunity Assessment, By Treatment Method, 2021 & 2031F |
10 Mexico Plastic Waste Management Market - Competitive Landscape |
10.1 Mexico Plastic Waste Management Market Revenue Share, By Companies, 2024 |
10.2 Mexico Plastic Waste Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |