Mexico plastic recycling market

Mexico Plastic Recycling Market Overview

Mexico plastic recycling market is projected to grow at fastest CAGR due to the increasing awareness about adverse impact of plastic waste on environment along with the favorable government initiatives to restrict single use of plastic throughout the country.

Major Mexico Plastic Recycling Market Drivers

Rising population along with the increasing consumption of packaged food and beverages is generating large amount of plastic waste is driving the Mexico plastic recycling market. Growing environmental concern with the increasing consumer spending is further promoting the plastic recycling market in Mexico. The country has introduced various initiatives and policies to limit use of plastic bags and to encourage adoption of recycling facilities across industries. This will further foster the acceptance of the sustainable and green solutions across the country. The government is also launching campaign regarding the single use of plastics to minimise the environmental impact.

The recycling rate of PET is higher in Mexico as compared to other countries which is predicted to increase the demand for packaging across F&B industry. In addition, the country is the one of the largest consumers of food and beverages across the globe. Increasing need for recycled polyethylene terephthalate in packaging industry for food and beverages products such as bottle packaging and food containers is expected to increase sales of the Mexico plastic recycling market. For example, Coco-Cola, a beverage company signed a partnership with the Ecology & Corporate Commitment to provide recycled PET throughout the country.

Industries produces large amount of PVC, PET, PP, and PE which end up in landfills. In addition, almost 60% of recycled plastics are consumed in domestic market itself. Companies are collecting waste from end-user industries such as packaging, automotive, building and construction and others. In addition, key players are also adopting plastic recycling technologies such as waste-to-energy to reduce the plastic waste. The national statistics and geography institute estimated that 2,767 organisations are associated with the supply chain of Mexico recycling market in which 95% are the small and medium scaled enterprises in terms of the production and capacity.

The demand for recycled plastic is increasing in packaging industry due to the growing demand for recycled PET and PVC in food and beverage sector. Likewise, increasing use of recycled plastic such as water containers and pipes, insulator, and electrical parts in construction sector. Increasing use of plastic products such as greenhouse, irrigation pipe, wrap film, among others are in agriculture sector. The country consumes more than 280,000 tonnes of plastic in agriculture industry each year. This is expected to create more opportunities for recycled plastic in this sector.

Segments covered in the Report:

The Mexico plastic recycling market has been segmented on the basis of Material Type and Application. Based on the Material Type, the market is segmented into Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene, Others. Based on the Application, the market is segmented into Packaging, Building & Construction, Textile, Automotive, Others.

Market Segmentation

Mexico Plastic Recycling Market by Material Type

• • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Polyethylene
  • Others

Mexico Plastic Recycling Market by Application

• • Packaging
  • Building & Construction
  • Textile
  • Automotive
  • Others