Enjoy complimentary customisation on priority with our Enterprise License!
The Mexico plastic packaging market size is forecast to increase by USD 7.48 billion at a CAGR of 12.9% between 2023 and 2028. The plastic packaging market is experiencing significant growth, driven by the increasing demand for enhanced safety and hygiene in various sectors. The use of plastics as raw material for packaging continues to rise due to its shatterproof and lightweight properties. In the food industry, plastic packaging ensures food safety and extends the shelf life of perishable items. In the medical sector, plastic packaging plays a crucial role in preserving the efficacy of medicines and medical devices, ensuring their sterility and protecting against contamination. Sealability is another key factor driving the market, as plastic packaging offers reliable and efficient solutions for maintaining product integrity. The availability of a wide range of polymer chains enables manufacturers to cater to diverse packaging needs, making plastic packaging a preferred choice for numerous industries. Despite the numerous benefits, the market faces challenges such as the availability of substitutes for plastic packaging and growing concerns over the environmental impact of plastic waste.
The Mexico plastics packaging market is witnessing significant growth due to the unique properties offered by polymer chains and plastics raw materials. These materials provide essential benefits such as safety, shatterproof qualities, and excellent sealability, making them the preferred choice for various industries. Safety is a crucial factor driving the plastics packaging market. Plastics offer superior protection for food safety and hygiene, ensuring the preservation of perishable foodstuffs and medicines. In the medical sector, plastics are extensively used in packaging medical devices and body tissue due to their sterilization properties and lightweight, high-strength characteristics.
Another significant trend in the plastics packaging market is the emphasis on security and tamper-evident features. Plastics offer excellent opportunities for designing tamper-evident and child-resistant closures, ensuring the safety of consumers, especially in the food and pharmaceutical industries. Moreover, plastics offer design freedom and various processing technologies, including injection molding, blow molding, and thermoforming. These technologies enable the creation of innovative pack shapes and coloring possibilities, enhancing brand identification and consumer appeal. Sustainable development is another key trend in the plastics packaging market. Plastics offer energy savings and reduced emissions during manufacturing, making them an eco-friendly alternative to traditional packaging materials.
Additionally, advancements in recycling technologies are making plastics a more sustainable choice for packaging. In the plastics packaging market, processing technologies play a significant role in the production of high-quality, safe, and efficient packaging solutions. Injection molding, blow molding, and thermoforming are the most commonly used processing technologies, each offering unique advantages. Injection molding provides excellent dimensional accuracy and high production rates, while blow molding offers cost-effective production of large, hollow parts, and thermoforming offers the ability to create complex shapes. In , the plastics packaging market is experiencing growth due to the unique properties offered by polymer chains and plastics raw materials. These materials provide essential benefits such as safety, shatterproof qualities, and excellent sealability, making them the preferred choice for various industries. Additionally, advancements in processing technologies and sustainable development initiatives are driving innovation and growth in the plastics packaging market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The flexible segment is estimated to witness significant growth during the forecast period. The Preeminence of Flexible Plastic Packaging in Mexico: Extending Shelf Life and Reducing Environmental Impact Flexible plastic packaging has emerged as a preferred choice in Mexico's plastic packaging market due to its versatility and adaptability. This type of packaging, comprised of polymer chains, is known for its ability to be easily shaped into various forms, such as pouches, wraps, sachets, foils, films, bags, and envelopes.
Get a glance at the market share of various segments Download the PDF Sample
The flexible segment was valued at USD 4.89 billion in 2018. The extensive usage of flexible packaging can be attributed to its wide applicability across various industries, including pharmaceuticals, food and beverages, and retail. In the pharmaceutical sector, flexible packaging is employed in blister packaging applications, ensuring the safety and hygiene of medicines. In the food industry, it is instrumental in maintaining food safety and extending the shelf life of foodstuffs. Flexible packaging offers several advantages, including shatterproof properties, sealability, and printability. It serves as a viable alternative to rigid plastic packaging, offering reduced energy consumption and lower transportation-related emissions, contributing positively to the environment. Moreover, flexible packaging offers several benefits, such as even heating, barrier protection, and re-sealability. Its lightweight nature makes it an attractive option for industries looking to minimize their carbon footprint. The use of flexible plastic packaging is expected to continue its growth trajectory in Mexico, driven by its versatility, cost-effectiveness, and environmental benefits.
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.
Rising focus on improving shelf life of products is notably driving market growth. A Strong, Durable, and Lightweight Solution Plastic packaging plays a pivotal role in extending the shelf life of various products, thereby reducing wastage and enabling their transportation and exportation without damage. This packaging solution offers several advantages, including strength, durability, resistance to moisture and oxygen, and lightweight properties. For instance, fruits such as bananas can be kept fresh for an extended period when packaged in plastic, as it slows down the ripening process. Similarly, coffee products are protected from oxygen and moisture by being packaged in pouches, ensuring their quality and freshness.
Moreover, plastic packaging is energy-efficient as it requires less fuel for transportation compared to traditional materials like glass, wood, or fabric. In , plastic packaging is a cost-effective and efficient solution for maintaining the shelf life and integrity of perishable products, making it an indispensable component in numerous industries. Thus, such factors are driving the growth of the market during the forecast period.
The growing popularity of lightweight packaging is the key trend in the market. The demand for lightweight plastic packaging is on the rise due to its numerous advantages over traditional packaging solutions. companies are investing heavily in research and development to create innovative, lightweight packaging options that offer enhanced end-user convenience and reduced wastage. For example, glass packaging is heavy and costly, making it less desirable for transporting beverages, garments, or other products. In contrast, lightweight plastic alternatives, such as heat-sealed beverage cups, stretch film, shrink wrap, and fresh produce bags, offer superior performance and lower production costs.
Moreover, the use of lightweight plastic packaging for applications like frozen produce bags, squeezy condiment bottles, and wires and cables, has become increasingly popular. The lower material consumption during the manufacturing process results in reduced costs and improved shipping efficiency. Additionally, the reduced weight of these packaging solutions minimizes the environmental impact throughout the entire production process. Overall, the lightweight plastic packaging market is poised for significant growth due to its cost-effectiveness, recyclability, and high-performance capabilities. Thus, such trends will shape the growth of the market during the forecast period.
The availability of substitutes for packaging is the major challenge that affects the growth of the market. ln the realm of packaging, various materials such as glass, board, paper, metal, and plastic are extensively used. Among these, paper and metal are gaining significant attention as substitutes for plastic, particularly in the food industry. While plastic is widely utilized due to its low cost and versatility, its environmental impact and potential health concerns are becoming increasingly problematic. Paper packaging is a popular alternative due to its renewable and biodegradable nature. It is an eco-friendly choice that aligns with the growing environmental consciousness and health awareness among consumers.
Furthermore, paper packaging is suitable for both rigid and flexible applications, making it a versatile option. Metal packaging, on the other hand, is valued for its durability and portability. Its strong structure enables it to withstand the rigors of active lifestyles, ensuring that the contents remain intact. Additionally, metal packaging offers excellent barrier properties, preventing the entry of light, air, and moisture, thereby preserving the freshness of the contents. In the European market, there is a growing trend towards the use of paper and metal packaging due to their environmental benefits and functionality. For instance, Low-Density Polyethylene (LDPE) and other plastic packaging materials contribute significantly to the carbon footprint due to their production and disposal. In contrast, paper and metal packaging have a lower carbon footprint and can be recycled multiple times.
Moreover, the use of paper and metal packaging in the food industry is not limited to Europe. It is a global trend that is gaining momentum due to the increasing demand for sustainable packaging solutions. The food industry is a significant contributor to the overall packaging market, and the shift towards eco-friendly packaging materials is expected to continue. In, the packaging market is witnessing a paradigm shift towards sustainable materials such as paper and metal. While plastic remains a popular choice due to its low cost and versatility, environmental concerns and health awareness are driving the demand for alternative packaging materials. Paper and metal packaging offer several advantages, including renewability, biodegradability, durability, and functionality, making them attractive options for various industries, particularly the food industry. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting 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 market growth analysis strategies.
Customer Landscape
Companies 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 plastic packaging solutions for food, beverage, and health care products.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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.
The Mexico plastics packaging market is witnessing significant growth due to the unique properties of plastics as a raw material. Polymer chains in plastics offer shatterproof, lightweight, and high-strength solutions for various industries, including food safety and medical applications. Plastic packaging plays a crucial role in ensuring food safety and hygiene by providing tamper-evident, child-resistant closures and maintaining the freshness of foodstuffs through modified atmosphere packaging. Plastic materials are used in medical devices and body tissue packaging, ensuring security and sterility. Processing technologies such as injection molding, blow molding, and thermoforming offer design freedom and energy savings. Plastic packaging is also used in various industries like wires and cables, offering efficient, strong, and durable solutions.
Moreover, sustainable development is a key focus in the plastics packaging market, with energy savings, emissions reduction, and waste minimization becoming essential. Low-density polyethylene (LDPE) is a popular plastic material due to its versatility and cost-effectiveness. Plastic packaging offers a wide range of pack shapes and coloring possibilities for brand identification. It is a viable alternative to traditional materials like glass, wood, fabric, paper, and metal, offering advantages in terms of weight, strength, and resistance. The European study on plastic packaging highlights the importance of energy efficiency and fuel savings, making plastics a preferred choice for various applications. Plastic materials are used in various forms, including rigid and flexible packaging, for food packaging, garbage bags, plastic bags, beverage cups, stretch film, shrink wrap, squeezy condiment bottles, fresh produce bags, and frozen produce bags.
Market Scope |
|
Report Coverage |
Details |
Page number |
121 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.9% |
Market growth 2024-2028 |
USD 7.48 Billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.0 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Altopro SA de CV, Amcor Plc, AptarGroup Inc., Ball Corp., Berry Global Inc., CCL Industries Inc., Clifton Packaging Group Ltd., Constantia Flexibles Group GmbH, FLAIR Flexible Packaging Corp., Flexitek de Mexico SA de CV, Fres-co System USA Inc., Glenroy Inc., LANINVER SHC SL, Mondi Plc, Phoenix Closures Inc., PO Empaques Flexibles SA de CV, Printpack Inc., SIT Group Spa, Transcontinental Inc., and Winpak Ltd. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our market 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. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.