A look at 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

What happened

Latin America presents an interesting case study for recyclers. It’s an emerging market with great potential, even though the region is facing several waste management problems. Analysts note recycling rates generally do not exceed 10% with many open-air dumps in operation. ‘Other issues include high levels of informality in the workplace and more than 40% of incorrectly managed waste,’ they note.

Why it matters

‘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 our region 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 batteries and solar panels will be rapidly integrated in our processes,’ observes Jhoanna Rosales, founder of Vertmonde in Ecuador. ‘This may sound illogical — but it is not,’ she tells Recycling International.

‘There are two main reasons. The first is that decades ago, when the e-scrap industry started out, these products were not around, while our regional industry is born in a world in which they are already matured products. The second is that our region is a relevant player when it comes to lithium production and solar power generation.’

This news brief is based on reporting published by Recycling International on 2023-04-25. The original report is linked below.