Packaging Market Analysis Mexico - Size and Forecast 2024-2028

Mexico Packaging Market Size 2024-2028

The Mexico packaging market size is forecast to increase by USD 2.54 billion at a CAGR of 3.68% between 2023 and 2028.

• The market is experiencing significant growth due to increasing consumer demand for convenient and safe packaged food products. This trend is driven by the country's expanding population and urbanization. Additionally, there is a growing emphasis on eco-friendly and recyclable packaging materials as consumers become more environmentally conscious. However, challenges persist In the form of inadequate transportation and storage infrastructure, which can hinder the market's growth. Producers must navigate these challenges to meet the rising demand for high-quality, sustainable packaging solutions. High-definition printing and various materials, including paper, plastic, molded fiber, wood, glass, rigid, and flexible packaging, cater to diverse industry needs. Overall, the market is poised for continued expansion as it adapts to evolving consumer preferences and sustainability initiatives.

What will be the size of the Mexico Packaging Market during the forecast period?

Request Free Sample

• The Mexican packaging market exhibits dynamic growth, driven by increasing consumer preferences for lightweight, eco-friendly, and sustainable solutions. Food and beverages remaIn the largest market segment due to the sector's significant contribution to Mexico's economy and consumer culture. E-commerce growth is fueling demand for packaging that ensures product freshness and extended shelf life. Sustainability and eco-friendliness are key trends, with high-barrier films, pouches, and multi-material packaging gaining popularity. Recyclability and mono-material solutions are also important, as retailers and consumers prioritize reducing waste.
• Hygiene, quality, safety, and transportation considerations are essential in this market, as distribution channels shift towards direct sales and retailing. Cosmetics and consumer goods sectors also contribute significantly, with a focus on innovative packaging designs and materials.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Food
  • Beverage
  • Healthcare
  • Personal care
  • Others
• Type
  • Board
  • Rigid plastic
  • Flexible
  • Metal
  • Glass
• Geography
  • Mexico

By End-user Insights

• The food segment is estimated to witness significant growth during the forecast period. The Mexican packaging market is primarily driven by the food and beverages sector, fueled by increasing disposable income and population growth. Consumers' preference for ready-to-eat meals and on-the-go snacks necessitates innovative packaging solutions that prioritize safety and extend product freshness and shelf life. Sustainability is a significant trend, as there is a growing focus on reducing waste and improving recyclability. Convenience is another crucial factor, with the demand for flexible, single-serve, and easy-to-open packaging continuing to rise. Advanced materials, such as high-barrier films, pouches, and multi-material and mono-material structures, are increasingly used to address these needs.
• The e-commerce sector's growth is also influencing the market, with vacuum packages and high-definition printing becoming more common to ensure product safety and maintain product appeal during transportation and retailing. Additionally, the aging population and the rise of chronic diseases have led to increased demand for pharmaceutical exports, necessitating child-resistant packaging and other safety features. The market is fragmented, with various materials, including paper, plastic, molded fiber, wood, glass, rigid packaging, and flexible packaging, being used to cater to diverse consumer needs. The environmental impact of packaging is a growing concern, with the use of eco-friendly, biodegradable, and sustainable packaging becoming increasingly important.

Get a glance at the market share of various segments Request Free Sample

• The food segment was valued at USD 4.19 billion in 2018 and showed a gradual increase during the forecast period. Modern technology and convenience continue to shape the market, with prepared food and quick-service restaurants driving demand for high-performance packaging that maintains product quality and safety. A larger variety of products, notably rigid plastic packaged goods, are becoming more affordable as the population increases and disposable income among the population increases.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Mexico Packaging Market?

• The growing consumer demand for packaged food products is the key driver of the market. The market is experiencing significant growth due to the expanding population and increasing disposable income, leading to heightened demand for various packaged goods. This trend is driving the need for innovative and effective packaging solutions to preserve product freshness, extend shelf life, and ensure safety and hygiene. The market is witnessing a shift towards lightweight, eco-friendly, and sustainable packaging options, such as high-barrier films, pouches, and multi-material packaging. E-commerce growth is also fueling the demand for packaging that meets the specific requirements of online retailers, including vacuum packages and high-definition printing for product differentiation. Moreover, the growing aging population and prevalence of chronic diseases have increased the demand for pharmaceutical exports, necessitating child-resistant packaging and other safety features.
• Sustainability concerns are also influencing consumer preferences, leading to a focus on biodegradable, eco-friendly, and sustainable packaging materials like paper, plastic, molded fiber, wood, glass, and rigid or flexible packaging. Transportation and distribution channels, including retailing and catering services, are also adopting modern technology to enhance convenience and reduce environmental impact. Fast-food joints, restaurants, and quick-service restaurants are increasingly using high-performance packaging to maintain product freshness and prevent contamination during processing, meat processing, and cheese processing. Overall, the market is expected to continue expanding and evolving to meet the changing needs and preferences of consumers and businesses.

What are the market trends shaping the Mexico Packaging Market?

• Eco-friendly and recyclable packaging materials is the upcoming trend in the market. In Mexico, the packaging market is witnessing a significant shift towards eco-friendly and recyclable packaging materials. This trend is being driven by increasing environmental regulations and growing consumer consciousness regarding sustainable products. Reusable containers, compostable packaging, and bioplastics are gaining popularity as alternatives to traditional packaging materials. Consumers are becoming increasingly aware of the negative environmental impact of packaging waste, particularly plastic bags. In response, manufacturers and brand owners are turning to eco-friendly solutions to meet regulatory requirements and cater to consumer preferences. High-performance materials such as high-barrier films, pouches, and multi-material and mono-material packaging are being used to ensure product freshness and extend shelf life for food and beverage, cosmetics, and pharmaceutical exports. Compostable and bioplastic materials are also gaining popularity.
• E-commerce growth is also fueling the demand for lightweight and convenient packaging solutions, particularly for vacuum-sealed packages and online retailers. The packaging industry is also addressing environmental issues by reducing greenhouse gas emissions and water footprints through the use of sustainable packaging materials such as paper, molded fiber, wood, and glass. The trend towards eco-friendly and recyclable packaging is expected to continue as consumers prioritize convenience, product freshness, and sustainability In their purchasing decisions.

What challenges does Mexico Packaging Market face during the growth?

• Inadequate transportation and storage infrastructure is a key challenge affecting the market growth. The market is characterized by the growing demand for lightweight, eco-friendly, and sustainable solutions, particularly In the food and beverages sector. E-commerce growth and changing consumer preferences are driving the need for high-barrier films, pouches, and multi-material packaging. Sustainability and recyclability are key concerns, with a focus on reducing environmental impact through the use of eco-friendly packaging, biodegradable materials, and modern technology. Food and beverage companies are prioritizing product freshness and shelf life, leading to the increased use of high-performance packaging materials such as high-definition printing, child-resistant packaging, and vacuum packages. The aging population and the prevalence of chronic diseases have fueled the demand for pharmaceutical exports, leading to a fragmented market for packaging materials including paper, plastic, molded fiber, wood, glass, rigid packaging, and flexible packaging.
• The convenience of prepared food and disposable income have led to an increase in demand for packaging In the quick-service restaurant industry. However, logistical challenges persist due to inadequate transportation and distribution channels, particularly in rural or underdeveloped areas. This can impact the freshness of perishable items and increase costs for packaging companies. The use of lightweight, high-performance materials and innovative packaging solutions is essential to address these challenges and meet consumer demands for quality, safety, and sustainability. The cosmetics industry is also a significant player In the Mexican packaging market, with a focus on hygiene and safety.
• The use of eco-friendly and sustainable packaging is becoming increasingly important, as consumers become more conscious of the environmental impact of their purchases. The use of mono-material and recyclable packaging is on the rise, as companies seek to reduce their carbon footprint and meet sustainability goals. In summary, the Mexican packaging market is dynamic and complex, with a diverse range of industries and consumer demands. The use of lightweight, high-performance, and sustainable packaging solutions is essential to meet the challenges of logistical infrastructure gaps, preserve product integrity, and address consumer preferences for eco-friendly and convenient packaging. The market is expected to continue to grow, driven by the increasing importance of sustainability, the rise of e-commerce, and the changing demographics of the Mexican population.

Exclusive Mexico Packaging Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, market growth and forecasting, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Altopro SA de CV
• Amcor Plc
• AptarGroup Inc.
• Ball Corp.
• Berry Global Inc.
• BWAY Corp.
• CCL Industries Inc.
• Clifton Packaging Mexico
• Constantia Flexibles Group GmbH
• EMSUR MACDONELL S.A.U
• Flexitek de Mexico SA de CV
• Glenroy Inc.
• Mondi Plc
• PO Empaques Flexibles SA de CV
• Printpack Inc.
• Sonoco Products Co.
• Tetra Laval SA
• Transcontinental Inc.
• UFlex Ltd.
• Winpak Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market continues to evolve, driven by various market dynamics. One significant trend shaping the industry is the increasing focus on lightweight packaging solutions, particularly In the food and beverages sector. This shift is influenced by several factors, including e-commerce growth and consumer preferences for convenience. Sustainability and eco-friendliness are crucial considerations in today's packaging landscape. As such, high-barrier films, pouches, and multi-material packaging are gaining popularity due to their ability to maintain product freshness and extend shelf life. These packaging types also contribute to reducing the environmental impact by minimizing material usage and improving recyclability. The cosmetics industry is another sector that relies heavily on packaging. High-definition printing and eco-friendly, biodegradable materials are becoming increasingly important in this market. Child-resistant packaging is also a priority to ensure safety, particularly for products targeted at an aging population with chronic diseases. Pharmaceutical exports are another significant market for packaging in Mexico. The fragmented nature of the industry calls for packaging solutions that cater to various product requirements, such as high performance, safety, and quality. Environmental concerns are increasingly influencing packaging choices. Packaging materials like paper, plastic, molded fiber, wood, glass, and rigid or flexible packaging are all undergoing innovations to minimize their environmental impact. For instance, the use of greenhouse gas emissions and water footprints In the evaluation of packaging materials is becoming more common.

The retailing and distribution channels are also evolving, with direct sales and e-commerce gaining traction. Vacuum packages and internet penetration are crucial factors in this context. Online retailers are increasingly relying on packaging that ensures product freshness and safety during transportation. The foodservice industry, including restaurants, catering services, fast-food joints, and prepared food, is another significant market for packaging. Convenience, disposable income, and quick-service restaurants are driving the demand for packaging solutions that cater to the unique requirements of this sector. Processed meat and cheese are popular food categories that require specialized packaging. Lightweight properties and contamination prevention are essential considerations for these products, particularly during processing and transportation. In summary, the market is influenced by various factors, including consumer preferences, sustainability, e-commerce growth, and environmental concerns. The industry is continuously evolving to cater to the unique requirements of various sectors, such as food and beverages, cosmetics, pharmaceuticals, and foodservice. Innovations in packaging materials and technologies are key to addressing the evolving needs of these markets while minimizing environmental impact.

Request Free Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across Mexico
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements Get in touch