Mexico E-Waste Management Market Overview, 2028

Mexico E-Waste Management Market Overview, 2028

In Mexico, electronic waste has begun having more importance since that was included in the General Law for Prevention and Integral Management of Wastes. This law classifies electronic waste for special handling and establishes the obligation to make management plans and specific programmes for disposition because this waste represents a high risk for the population, environment, and/or natural resources. This waste contains persistent toxic substances and bioaccumulation, and materials can be recovered. Mexico generates approximately 1 to 1.1 million metric tonnes of electronic waste annually, ranking among the largest e-waste generators in Latin America. Mexico City alone generates around 312 metric tonnes per day, making it the fastest-growing type of waste in the city. Eight out of every nine electrical or electronic devices in Mexico are thrown away and end up in landfills, ravines, or clandestine dumps, while merely 10% are recycled. Currently, only eight of the country’s 32 states have specific regulations related to e-waste management. Recently, the recycling and sorting of e-waste has become the primary source of income for a growing number of Mexicans. In most cases, this is done informally, with little or no security measures.

According to the research report “Mexico E-waste Management Market Overview, 2028, published by Bonafide Research, the market is expected to add USD 0.39 billion by 2028. The rapid expansion of the electronics industry is creating a positive Research Report for the market. Product innovation and the introduction of new devices have resulted in an increase in the sale of electronic devices. This has increased the disposal of old electronics, which has aided market growth. In line with this, rising environmental consciousness among consumers as a result of the negative impact of increasing waste volume, which leads to adverse health hazards, is positively impacting market growth. Furthermore, various technological advancements, such as the immediate integration of artificial intelligence (AI) and machine learning (ML) to identify, sort, and categorise waste, are propelling market growth. Furthermore, the scarcity of precious metals such as gold, platinum, silver, and indium is facilitating the need for e-waste management in order to manufacture new devices from recycled components with a lower carbon footprint. This, in turn, has a positive impact on market growth. Other factors, such as rising consumer spending power to afford premium-priced electronic devices and the implementation of several government initiatives to raise awareness about proper e-waste disposal, are expected to lead the market forward. The e-waste market is segmented into three categories: source (household appliances, consumer electronics, and industrial electronics), material (metal, plastic, and glass), and application (trash and recycled).

The e-waste management market in Mexico is segmented by source type: household appliances, consumer electronics, and industrial electronics. Household appliances are those appliances that are used in a household, such as air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, trash compactors, microwave ovens, and induction cookers, among others. Mobile devices, wearables, TVs, set-top boxes, monitors, laptops, tablets, computers, printers, scanners, and so on are examples of consumer electronics. IT & Telecom Equipment, IT Accessories, PCBs, Digital Boards, Datacenters, Medical Equipment and Accessories, and so on are examples of industrial appliances. During the forecast period, household appliances are expected to dominate the Mexico e-waste management market.
The e-waste management market in Mexico is divided into three categories: metal, plastic, and glass. Because metals recovered from e-waste are very valuable, the metals segment is expected to dominate the market for e-waste management during the forecast period. Metals recovered from e-waste include aluminium, ferrous metals, copper, gold, and silver.

The e-waste management market in Mexico is divided into two segments: trashed and recycled. Due to an increase in E waste and certain government initiatives to improve E waste management, which are major drivers of the Mexico E waste management market, the recycling segment is expected to dominate the Mexico E waste management market.

Rapid technological advancement and frequent product innovations result in an increase in the sale of electronic products. Mobile devices, televisions, and computer devices, in particular, are experiencing rapid growth around the world. With rising purchasing power and a rising trend in disposable income, the sale of these electronics is steadily increasing. Furthermore, new product launches with updated features and added services entice customers to replace their old products with new ones. This has reduced the device's life span to about 3–4 years. As a result, e-waste is increasing at an alarming rate, encouraging industry players to expand their operations and establish a broad network for e-waste collection and processing facilities.

COVID 19 IMPACT
E-waste management industry was suffering during the COVID-19 pandemic due to a halt in e-waste recycling and collection. Furthermore, the sudden increase in COVID-19 infections halted production. Furthermore, trade restrictions hampered economic progress and limited mobility. However, the reinstatement of lockdown restrictions enabled manufacturers to increase their activity and improve their market position. These factors aided the growth of the industry.

Considered in this report
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Mexico E waste management market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Source Type
• Household Appliances
• Consumer Electronics
• Industrial Electronics

By Material Type
• Metal
• Plastic
• Glass

By Application Type
• Trashed
• Recycled

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Air purifier market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.