「A look at the New Market of Latin America’s multi-billion recycling industry」
The Latin American waste management market is estimated to reach US$ 308 billion this year, new data from Research & Markets suggests, with the region’s industry projected to grow 6% this year.
Finding a solution to these problems is imperative due to new transformative mega trends, such as calls for sustainable business models and legislation in line with the circular economy,’ the analysts state. ‘The waste management market in Latin America is expanding, as it seeks to improve efficiency, increase private participation to boost investment, and incorporate digital solutions.’
Electroncis recycling is a niche showing significant promise.
Although Latin America is still dealing with the basics of e-scrap recycling in terms of setting up proper collection networks and environmentally sound facilities, I think modern waste streams like Lithium ion batteries and E-waste will be rapidly integrated in the eco-friendly recycling processes.
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