Plastic Packaging Market in Mexico by Product and End-user - Forecast and Analysis 2022-2026

The plastic packaging market share in Mexico is expected to increase by USD 7.81 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.26%.

This plastic packaging market in Mexico research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers plastic packaging market in Mexico segmentation by product (flexible and rigid) and end-user (food and beverages, healthcare, retail, and others). The plastic packaging market in Mexico report also offers information on several market vendors, including 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. among others.

What will the Plastic Packaging Market Size in Mexico be During the Forecast Period?

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Plastic Packaging Market in Mexico: Key Drivers, Trends, and Challenges

The key development is notably driving the plastic packaging market growth in Mexico, although factors such as the availability of substitutes for packaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the plastic packaging industry in Mexico. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Plastic Packaging Market Driver in Mexico

One of the key factors driving the plastic packaging market growth in Mexico is the key development and initiatives by vendors to expand their product portfolios and geographical reach. Vendors are adopting strategies such as product innovation, mergers & acquisitions, and strategic collaborations to gain optimum market penetration. In September 2020, Austria-based Alpla Group announced that it is planning to establish a high-density polyethylene (HDPE) plastic recycling factory in Toluca, Mexico. According to the firm, the recycled-content HDPE produced in Toluca will be used for packing non-food applications. In February 2020, Direct Pack, Inc. (DPI) announced to expand its global operations with the acquisition of Mexico-based Atmosphera Verde, located in Guadalajara, which can recycle 20,000 tons of PET, including post-consumer PET thermoforms. Such factors are expected to propel the growth of the market in focus in the coming years.

Key Plastic Packaging Market Trend in Mexico

The growing popularity of lightweight packaging is one of the key Mexico plastic packaging market trends that is expected to impact the industry positively in the forecast period. Lightweight packaging is both cost-effective and recyclable. Reduced costs resulting from lower material consumption during the manufacturing process and higher shipping efficiency of lightweight plastic packaging products. Lower material consumption during the manufacturing process also reduces the environmental impact during the entire process. Lightweight plastic packaging provides a barrier that is resistant to light, air, and moisture and is suitable for closures and seals due to its ductile nature. Such factors will support the growth of the market in focus in the forecast years.

Key Plastic Packaging Market Challenge in Mexico

One of the key challenges to the plastic packaging market growth in Mexico is the availability of substitutes for packaging. The increasing environmental concerns and health awareness are posing a major challenge to the plastic packaging market. Therefore, vendors are focusing on multiple substitute materials such as glass, board, and paper. In addition, metal packaging is valued for its portability, as it is durable enough to keep up with consumers' active lifestyles without any concern of accidental breakage. Furthermore, it has the ability to cool more rapidly than other packaging materials, due to which metal packaging is preferred by many enterprises in industries such as consumer-packaged goods. Moreover, packaging product manufacturers are coming up with innovative combo packages such as plastic and paper combinations. Such factors may hinder the demand for plastic packaging during the forecast period.

This plastic packaging market in Mexico analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the plastic packaging market in Mexico as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the plastic packaging market in Mexico during the forecast period.

Who are the Major Plastic Packaging Market Vendors in Mexico?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 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.
• Winpak Ltd.

 

This statistical study of the plastic packaging market in Mexico encompasses successful business strategies deployed by the key vendors. The plastic packaging market in Mexico is fragmented and the vendors are deploying growth strategies such as product innovation, and mergers & acquisitions to compete in the market.

Product Insights and News

• Amcor Plc - The company offers high-quality plastic packaging for food, beverage, and health care products. 
• Amcor Plc - In January 2022, the company announced a new platform for paper-based packaging products to provide a wide range of features and functional benefits to meet the changing needs of consumers. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The plastic packaging market in Mexico forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Plastic Packaging Market in Mexico Value Chain Analysis

Our report provides extensive information on the value chain analysis for the plastic packaging market in Mexico, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Segments in the Plastic Packaging Market in Mexico?

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The plastic packaging market share growth in Mexico by the flexible segment will be significant during the forecast period. The growth is attributed to the wide applications of flexible packaging in the pharmaceutical, food and beverages, and retail industries. For instance, it is used in the blister packaging application in the pharmaceutical industry. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the plastic packaging market size in Mexico and actionable market insights on the post-COVID-19 impact on each segment.

 

Plastic Packaging Market Scope in Mexico
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 13.26%
Market growth 2022-2026	$7.81 billion
Market structure	Fragmented
YoY growth (%)	12.95
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
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 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.

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What are the Key Data Covered in this Plastic Packaging Market in Mexico Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive plastic packaging market growth in Mexico during the next five years
• Precise estimation of the plastic packaging market size in Mexico and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the plastic packaging industry in Mexico  
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of plastic packaging market vendors in Mexico 

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