Market Trends of Packaging Industry in Mexico
This section covers the major market trends shaping the Mexico Packaging Market according to our research experts:
Plastics to Drive the Market
- Plastic bottles and jars are most frequently used in the food, beverage, cosmetics, and personal care industries. The plastic bottle market in the beverage industry is anticipated to grow significantly due to the demand for bottled water and non-alcoholic beverages.
- For instance, in April last year, Mondi launched a sustainable packaging solution for the food industry. Mono Formable PP is a semi-rigid plastic tray created from mono-material polypropylene (PP) that features a printed top web and a thermoformable semi-rigid bottom web. The packaging weighs 30% less than a comparable polyester (PET) tray and has features like easy-peel for convenient opening and reclosure.
- Carbonated beverages have a significant market share in Mexico's soft drinks business. Though packaged water and fruit-based drinks have gained appeal among Mexican consumers recently, carbonated beverages outperform the rest of the country's soft drinks sector.
- Moreover, pouch packaging is rapidly gaining popularity, as it is a highly convenient and portable packaging solution. Over the past decade, consumers across the region exponentially drove the demand for stand-up pouches (for snack food, beverage, baby food, or industrial oils and lubricants).
Understand The Key Trends Shaping This Market
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Food and Beverage to Have the Largest Market Share
- The consumer trends in Mexico are moving rapidly in terms of new products that match unique worldwide lifestyles, including frozen or ready-made meals, on-the-go snacks for breakfast/lunch, and many more.
- Moreover, The rise of touchless packaging gives chances for food businesses to differentiate their products by providing a better customer packaging experience. Aesthetically appealing packaging that delivers health and hygiene may appeal to grocery buyers. The buyers want tamper-resistant packaging across the region that is also easy to open and packaging that makes food preparation convenient, easy, and safe.
- Most fresh-baked products have only a few days shelf life at ambient temperature. Molds are the most typical type of spoilage organism related to baked products. Storage temperature and water activity are the two most important factors governing the mold-free shelf life of cakes. The lower the water activity and storage temperature, the longer the product's shelf life. In several emerging economies, table bread usually has a shelf life of around 4 to 5 days and is generally packed in polyethylene and polypropylene bags, which are twist-tied.
- Consumers are changing the way they consume and buy beverages. Factors such as high disposable income, ease of availability, improvement in living standards, and a wide variety fuel the country's carbonated soft drinks industry's growth. The demand for consumption during different events may rise due to efforts to reduce the calories in soft drinks, which would substantially impact the demand for plastic packaging.
