The sewerage, waste collection and management services industry in Mexico experienced significant growth between 2013 and 2023, reaching 34.83 Billion Mexican Pesos in 2023. Over the past decade, the industry has demonstrated resilience and adaptation with notable fluctuations in year-on-year variations. For instance, after a strong growth of 22.3% in 2021, the industry saw a modest decline of -5.62% in 2022, followed by a recovery with a 9.7% increase in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stood at 6.38%.
Across the next five years, between 2024 and 2028, the forecast suggests an average annual growth rate (CAGR) of 3.68%, projecting the industry to grow by 19.8% by 2028. This indicates steady, albeit slower, growth compared to the previous decade.
Future trends to watch for include:
- Increased investment in sustainable waste management technologies.
- Regulatory changes focusing on environmental impact reduction.
- Adoption of circular economy practices among waste management firms.
- Impact of urbanization and population growth on service demand.
