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The Mexico packaging market size is estimated to grow at a CAGR of 3.51% between 2022 and 2027. The market size is forecast to increase by USD 2,333.59 million. The growth of the market depends on several factors, such as the growing consumer demand for packaged food products, the changing lifestyles and demographics driving demand for innovative packaging solutions, and the growing food processing industry in Mexico.
This Mexico packaging market report extensively covers market segmentation by end-user (food, beverage, healthcare, personal care, and others), and type (board, rigid plastic, flexible, metal, and glass). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing consumer demand for packaged food products is driving growth in the Mexico packaging market. The main driver for the packaging business is the growing population and rising disposable incomes in Mexico, which have driven an increase in consumers' demand for packaged goods. A larger variety of products, notably packaged goods, are becoming more affordable as the population increases and disposable income among the population increases.
However, consumer demand has increased for packaging solutions that can be used to store, protect, and distribute these products. As a result, in order to meet this demand, packaging manufacturers and suppliers must come up with creative and effective solutions. Developing buyer requests is supposed to fuel the extension and improvement of the Mexico bundling market during the forecast period.
Eco-friendly and recyclable packaging materials are a primary trend in the Mexico packaging market. The Mexican market for packaging materials is currently characterized by a clear trend in the use of eco-friendly and recyclable materials. The adoption of strict environmental regulations and growing consumer demand for sustainable products are the driving forces behind the transition to eco-friendly and recyclable packaging materials. As viable alternatives to traditional material for packaging, recycled containers have become more popular. Compostable and bioplastic materials are also gaining popularity. This pattern demonstrates a rise in consumer awareness of the negative environmental effects of packaging waste, such as plastic bags.
Moreover, the necessity of using eco-friendly packaging solutions to comply with legislation requirements and in line with consumer preferences is becoming recognized by manufacturers and brand owners. In Mexico, the Mexico packaging market is being driven by efforts to develop innovative and eco-friendly packaging solutions that will reduce environmental damage and promote a circular economy. As a result of the growing availability of eco-friendly and recyclable packaging materials, the market in focus is expected to witness significant growth during the forecast period.
The inadequate transportation and storage infrastructure is a major challenge faced by the Mexico packaging market. Inadequate transportation and storage infrastructure in rural or underdeveloped areas of Mexico presents significant obstacles for the packaging market. The effective distribution and supply chain management of packaged goods is hampered by the lack of adequate roadways, transportation networks, and storage facilities. This makes it hard to cope with consumer demand, maintain the integrity of products, and avoid delays in delivery. Also, the shortage of refrigerated storage facilities is affecting the ability to store perishable goods.
However, these infrastructure gaps lead to logistical difficulties and expenses in the case of packaging companies active in these areas. It is essential that these infrastructure deficiencies are filled in order to guarantee successful packaging operations and reach consumers in far-flung areas. Hence, failing to bridge the gap of infrastructure limitations will expose the market in focus to significant challenges owing to which the growth of the market in focus is expected to be hindered during the forecast period.
The market research report includes the adoption lifecycle of the market, 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 growth strategies.
Packaging Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc - The company offers packaging solutions such as flexible packaging, rigid containers, specialty cartons, closures, and services for food, beverage, pharmaceutical, medical-device, home, and personal care.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The food segment is estimated to witness significant growth during the forecast period. The packaging market in Mexico is dominated by the food industry due to several reasons The country's growing population, rising disposable incomes, and shifting consumer preferences have all contributed to an increase in the demand for packaged food products. Mexico's thriving food industry, which includes processed meals, beverages, and snacks, requires efficient and dependable packaging solutions in order to improve customer convenience, extend product shelf life, and guarantee product safety.
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The food segment was the largest segment and was valued at USD 4,103.02 million in 2017. Sustainable packaging is gaining traction due to the growing emphasis on lowering waste and enhancing recyclability. Packaging companies are capable of developing and adapting to the growing needs of the food sector in this country, thanks to increasing demand from the packaged foodstuffs industry as well as greater availability of optimum packaging solutions. Hence, the use of packaging in the food industry is expected to grow and hence drive the growth of the market in focus during the forecast period.
The Mexico packaging market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Mexico Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
136 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.51% |
Market growth 2023-2027 |
USD 2,333.59 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.32 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
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., and Winpak Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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