Mexico Plastic Recycling Market Introduction and Overview
According to SPER Market Research, the Mexico Plastic Recycling Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
The report includes an in-depth analysis of the Mexico Plastic Recycling Market, including market size and trends, product mix, distribution channels, and supplier analysis. The process of gathering and transforming plastic waste into new products minimizes the environmental impact and lessens the demand for the creation of virgin plastic. This is known as plastic recycling. The collecting of plastic debris, which is then sorted and cleaned to remove impurities, usually marks the start of the recycling process. After that, various plastic kinds are shred into tiny flakes and identified by their resin identity codes. It is possible to melt and remould these flakes into new products like fibers, containers, or even plastic goods.The process of gathering and transforming plastic waste into new products minimizes the environmental impact and lessens the demand for the creation of virgin plastic. This is known as plastic recycling.
- A new recycling facility near Salt River will open, according to a January 2024 announcement from Republic Services, Inc. Due to its increased capacity and more sophisticated technology than its predecessor, the new facility will be essential in raising recycling rates in the Valley.
- Biffa announced in April 2023 that it will purchase Esterpet Ltd., a polyethylene terephthalate (PET) plastic recycler located in North Yorkshire. Esterpet produces high-purity plastic pellets from 25,000 tons of plastic flakes produced from recycled bottles annually.
Market Opportunities and Challenges
Opportunities: Throughout the projected period, the market is anticipated to rise at a rapid pace due to rising plastic use in the manufacturing of lightweight components used in a variety of industries, including automotive, electrical and electronics, and building and construction. Recycling efforts and the reduction of plastic waste have gained importance as governments, businesses, and consumers place an increasing emphasis on sustainability. The recovery plastics industry is expanding due in part to a rise in demand and large investments made in technology and infrastructure for recycling. Furthermore, growing public awareness of plastic waste's harmful effects on the environment has raised demand for sustainable solutions. Nowadays, governments, corporations, and people are actively looking for methods to promote recycling programs as they recognize how important it is to reduce the pollution caused by plastics. The effectiveness and caliber of recycled plastics have increased because to developments in recycling methods. Better sorting, cleaning, and reprocessing are made possible by innovative methods, which increases manufacturers' interest in recovered plastics.
Challenges: There are a number of significant challenges preventing the plastic recycling sector in Mexico from expanding and operating more efficiently. One significant problem is the inadequate infrastructure for garbage collection and processing, which results in a large percentage of plastic waste being disposed of in landfills as opposed to being recycled. Low participation rates in recycling programs are also a result of a lack of public education and knowledge regarding recycling methods. Economic issues are also important. The market for recycled materials can be impacted by changes in the price of oil globally, which makes it challenging for recycling plants to stay profitable.
Market Competitive Landscape
The Plastic Recycling Market in Mexico is moderately consolidated. Some of the market key players are Tetra Tech Inc, Stryker Corp, Domini Sustainable Solutions Inv, Sonoco Products Co, Pure Hydrogen Corp Ltd, Valmet Corp, SAP SE ADR, Alphabet Inc Class A, Siemens Healthineers AG ADR, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End User
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| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region
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| Companies Covered | Tetra Tech Inc, Stryker Corp, Domini Sustainable Solutions Inv, Sonoco Products Co, Pure Hydrogen Corp Ltd, Valmet Corp, SAP SE ADR, Alphabet Inc Class A, Siemens Healthineers AG ADR, Others.
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COVID-19 Impact on Mexico Plastic Recycling Market
The COVID-19 epidemic had a major effect on Mexico's plastic recycling industry, creating new obstacles in addition to aggravating pre-existing ones. Lockdowns forced several recycling plants to either close or scale back operations, which increased the amount of plastic garbage dumped in landfills. Recycling efforts were further stretched by the increased demand for single-use plastics due to health and safety concerns. Disruptions in the supply chain also made it more difficult to collect and process recyclables, which led to a backlog of plastic garbage.
Key Target Audience:
- Government Agencies
- Environmental Organizations
- Recycling Companies
- Manufacturers and Producers
- Retailers and Distributors
- Consumers
- Waste Management Firms
- Investors and Stakeholders
Our in-depth analysis of the Mexico Plastic Recycling Market includes the following segments:
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By Type:
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Polyethylene
Polypropylene
Polyethylene Terephthalate
Polyvinyl Chloride
Polyurethane
Polystyrene
Others
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By End User:
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Packaging
Automotive & Transportation
Infrastructure & Construction
Consumer Goods
Healthcare & Pharmaceuticals
Electrical & Electronics
Others
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Key Topics Covered in the Report:
- Mexico Plastic Recycling Market Size (FY’2024-FY’2033)
- Overview of Mexico Plastic Recycling Market
- Segmentation of Mexico Plastic Recycling Market By Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Polyurethane, Polystyrene, Others)
- Segmentation of Mexico Plastic Recycling Market By End User (Automotive & Transportation, Infrastructure & Construction, Consumer Goods, Healthcare & Pharmaceuticals, Electrical & Electronics, Others)
- Expansion Analysis of Mexico Plastic Recycling Market
- Problems and Obstacles in Mexico Plastic Recycling Market
- Competitive Landscape in the Mexico Plastic Recycling Market
- Impact of COVID-19 and Demonetization on Mexico Plastic Recycling Market
- Details on Current Investment in Mexico Plastic Recycling Market
- Competitive Analysis of Mexico Plastic Recycling Market
- Prominent Players in the Mexico Plastic Recycling Market
- SWOT Analysis of Mexico Plastic Recycling Market
- Mexico Plastic Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report
1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data
2.1.2.Primary Data
2.1.3.SPER’s internal database
2.1.4.Premium insight from KOL’s
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers
4.1.2.Restraints
4.1.3.Opportunities
4.1.4.Challenges
4.2.COVID-19 Impacts of the Mexico Plastic Recycling Market
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths
5.1.2.Weaknesses
5.1.3.Opportunities
5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape
5.2.2.Economic Landscape
5.2.3.Social Landscape
5.2.4.Technological Landscape
5.2.5.Environmental Landscape
5.2.6.Legal Landscape
5.3.PORTER’s Five Forces
5.3.1.Bargaining power of suppliers
5.3.2.Bargaining power of buyers
5.3.3.Threat of Substitute
5.3.4.Threat of new entrant
5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Mexico Plastic Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Mexico Plastic Recycling Market
7.Mexico Plastic Recycling Market, By Type (USD Million) 2020-2033
7.1.Mexico Plastic Recycling Market Size, Share and Forecast, By Type, 2020-2026
7.2.Mexico Plastic Recycling Market Size, Share and Forecast, By Type, 2027-2033
7.3.Polyethylene
7.4.Polypropylene
7.5.Polyethylene Terephthalate
7.6.Polyvinyl Chloride
7.7.Polyurethane
7.8.Polystyrene
7.9.Others
8.Mexico Plastic Recycling Market, By End User (USD Million) 2020-2033
8.1.Mexico Plastic Recycling Market Size, Share and Forecast, By End User, 2020-2026
8.2.Mexico Plastic Recycling Market Size, Share and Forecast, By End User, 2027-2033
8.3.Packaging
8.4.Automotive & Transportation
8.5.Infrastructure & Construction
8.6.Consumer Goods
8.7.Healthcare & Pharmaceuticals
8.8.Electrical & Electronics
8.9.Others
9.Mexico Plastic Recycling Market Forecast, 2020-2033 (USD Million)
9.1.Mexico Plastic Recycling Market Size and Market Share
10.Mexico Plastic Recycling Market, By Region, 2020-2033 (USD Million)
10.1.Mexico Plastic Recycling Market Size and Market Share By Region (2020-2026)
10.2.Mexico Plastic Recycling Market Size and Market Share By Region (2027-2033)
10.3.Eastern Region
10.4.Western Region
10.5.Northern Region
10.6.Southern Region
11.Company Profile
11.1.Tetra Tech Inc
11.1.1.Company details
11.1.2.Financial outlook
11.1.3.Product summary
11.1.4.Recent developments
11.2.Stryker Corp
11.2.1.Company details
11.2.2.Financial outlook
11.2.3.Product summary
11.2.4.Recent developments
11.3.Domini Sustainable Solutions Inv
11.3.1.Company details
11.3.2.Financial outlook
11.3.3.Product summary
11.3.4.Recent developments
11.4.Sonoco Products Co
11.4.1.Company details
11.4.2.Financial outlook
11.4.3.Product summary
11.4.4.Recent developments
11.5.Pure Hydrogen Corp Ltd
11.5.1.Company details
11.5.2.Financial outlook
11.5.3.Product summary
11.5.4.Recent developments
11.6.Valmet Corp
11.6.1.Company details
11.6.2.Financial outlook
11.6.3.Product summary
11.6.4.Recent developments
11.7.SAP SE ADR
11.7.1.Company details
11.7.2.Financial outlook
11.7.3.Product summary
11.7.4.Recent developments
11.8.Alphabet Inc Class A
11.8.1.Company details
11.8.2.Financial outlook
11.8.3.Product summary
11.8.4.Recent developments
11.9.Siemens Healthineers AG ADR
11.9.1.Company details
11.9.2.Financial outlook
11.9.3.Product summary
11.9.4.Recent developments
11.10.Others
12.Conclusion
13.Reference Links
14.List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
