Mexico E-Waste Management market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.
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Highend report of this product is available
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 Overview 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).
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