ÌÇÐÄvlog´«Ã½

Mexico Packaging Market Analysis

The packaging industry in Mexico is anticipated to register a CAGR of 14% over the forecast period.

• The longer product shelf life, changing lifestyle of people, and new innovative products across the region will drive market growth. The country's packaging landscape has been garnering high foreign direct investments across the food processing industry. This is expected to maintain an upward growth trend for flexible packaging demand. Consequently, manufacturers in the region have witnessed the demand for high-quality machines for packaging needs.
• Plastic packaging has been observing a positive inclination from consumer products over other products for material handling, as plastic packages are lightweight and more comfortable. Furthermore, even major manufacturers prefer plastic packaging solutions owing to their lower production costs.
• The Mexican market is one of the world's largest per capita consumers of soft drinks. But increasing health consciousness and concerns about obesity are leading to a growing focus on water and non-carbonated beverages. As physical activity across the country grows, the demand for energy drinks will improve, leading to the growth of plastic bottles in the country.
• Packaging effectively protects the product from oxygen and moisture thanks to its longer and better barrier capabilities. However, it is projected that worries about the environment and recycling will hinder and limit market expansion.
• Alternatively, amidst the outbreak of the COVID-19 pandemic, the demand for FMCG and packaged food has been leading to significant demand for fibers, films, and flexible packaging. Moreover, the stock-piling behaviors among consumers have led critical converters in the country to pre-order plastic film in anticipation of a shortage in packaging raw materials.

Mexico Packaging Industry Segmentation

Packaging Industry is of paramount importance and plays a vital role in the international trade of goods. Packaging can be classified based on their type of use, which is primary packaging, secondary packaging, tertiary packaging, and ancillary packaging.

The packaging industry in Mexico is segmented by packaging material (plastic, metal, glass, and other packaging types), packaging type (flexible packaging (pouches & bags, films and wraps, and tubes), rigid packaging (bottles and jars and trays and containers), and other packaging materials) and end-user vertical (personal care, home care, automotive, pharmaceutical, food and beverage, and other end user verticals).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.