Mexico Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 4.45 Million tonnes |
| Market Volume (2029) | 5.29 Million tonnes |
| CAGR (2024 - 2029) | 3.51 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Container Glass Market Analysis
The Mexico Container Glass Market size in terms of shipment volume is expected to grow from 4.45 Million tonnes in 2024 to 5.29 Million tonnes by 2029, at a CAGR of 3.51% during the forecast period (2024-2029).
Manufacturers leverage glass's versatility in shape and size to craft diverse packaging solutions that align with consumer preferences and branding strategies. Supermarkets, convenience stores, and online retail platforms have expanded the accessibility of glass products, thereby driving demand.
- With a burgeoning middle class and the allure of affordable labor, many consumer-packaged goods companies are channeling their investments into Mexico. The director of PMMI's Latin America office, the Association for Packaging and Processing Technologies, highlighted that Mexico's middle class is rising. Furthermore, with a projected economic growth of 3.4% this year, Mexico will outpace other major economies in North and South America.
- Players in the glass industry express optimism about the sector's long-term prospects in México. Key drivers for this growth include México's strategic geographic location, participation in a free trade agreement, and the involvement of several international businesses. According to the International Trade Center (ITC), the country has exported.
- Proximity to the United States has significantly benefited the growth of México's container glass industry over the past few decades. The North American Free Trade Agreement (NAFTA) has facilitated seamless logistics and supply channels across México, Canada, and the USA, transcending national boundaries.
- Major players operating in the region are focused on expanding their business through innovations of new furnaces in the country. For instance, in July 2023, Vitro Glass Containers inaugurated a new furnace at its Toluca plant, boosting its capacity to cater to the perfumery and liquor segments by over 50%. This USD 70 million investment in the new furnace enables a production capacity of 230 tons daily. With this upgrade, Vitro's Toluca plant is set to become one of the world's most extensive facilities dedicated to glass containers for cosmetic products, premium liquors, and specialities.
- The market also faces challenges due to factors such as unpredictable prices for crucial raw materials like silica sand, soda ash, and limestone. When these costs rise, glass manufacturers often see their profit margins tighten. Additionally, the growing popularity of alternative packaging materials, including plastics and aluminium, threatens the container glass market. These substitutes boast lower production costs and are also lighter, potentially diminishing the market share of container glass.
Mexico Container Glass Market Trends
Pharmaceutical Sector is Expected to Witness Growth
- Mexico boasts a robust pharmaceutical industry, producing diverse generic and branded medications. Mexico's burgeoning middle-class and business-friendly environment is driving an uptick in demand for healthcare services. The confluence of a sizable middle class, an inviting business climate, heightened demand for pharmaceutical products and healthcare services, and an increase in quality certifications are pivotal in propelling the growth of Mexico's pharmaceutical landscape.
- According to the International Trade Administration (ITA) in November 2023, Mexico is the 15th-largest pharmaceutical market globally and the second-largest in Latin America. The Mexican pharmaceutical landscape is segmented into patented medicines, accounting for 51% of the market value; generics, 35%; and over-the-counter products, 14%. The broad pharmaceutical market in the country can improve the container glass market.
- Several key developments are shaping the current trends in the Mexican pharmaceutical retail industry. Firstly, as investments in e-commerce platforms and online ordering systems surge, pharmacists increasingly establish their online presence. According to the United States Department of Commerce, the pharmaceutical sales in Mexico in 2015 was USD 9.37 billion and it has reached USD 10.83 billion in 2023. Rise in pharmaceutical sales would drive the demand for container glass in the industry.
- Various global pharmaceutical companies are focused on expanding their business in the country. For instance, in July 2023, Neuraxpharm Group (Neuraxpharm), a prominent European specialty pharmaceutical firm specializing in central nervous system (CNS) disorders, has launched affiliates in Mexico and other countries. These nations represent the largest pharmaceutical markets in Latin America and mark Neuraxpharm's initial steps in its expansion beyond Europe.
- Glass containers like bottles are pivotal in the healthcare and pharmaceutical industries. The pharmaceutical sector heavily relies on diverse glass bottle types, primarily due to their ability to control alkalinity and hydrolytic resistance. Furthermore, glass's resistance to high washing temperatures and its durability over multiple reuse cycles make it the preferred material for refillable products.
The Beverage Sector is Poised to Propel Market Growth
- In Mexico, glass containers are a staple product, mainly due to the country's rich tradition of producing alcoholic beverages. This surge in demand for glass containers has catalyzed significant growth in Mexico's glass manufacturing sector, which has experienced rapid development. The predominant use of glass containers in Mexico centers around alcoholic beverages, including beer, wine, and spirits, leading to a robust demand for these glass products.
- Mexican manufacturers prioritize high-quality materials for their glass bottles and jars, enhancing their customers' brand value. Glass containers, celebrated as the premier packaging solution, find extensive application across food, beverages, pharmaceuticals, cosmetics, and perfumes. Mexican glass bottle producers advocate glass as the sustainability standard, highlighting its recyclability, reusability, and natural composition.
- The growing production of cola drinks in Mexico, as reported by the National Institute of Statistics and Geography (INEGI), is driving the demand for the container glass market. In April 2023, the sales volume of cola drinks totaled nearly 1.11 billion liters, marking an increase from the previous month. This surge in sales highlights the need for glass to accommodate the rising production levels in the beverage industry.
- Furthermore, incorporating small-scale producers into larger cooperatives or companies, such as LaLa and Alpura, boosts efficiency and capitalizes on economies of scale. This surge in fluid milk production is poised to drive the demand for glass packaging within the dairy sector. As production ramps up, the need for packaging materials, notably glass bottles, will expand to match the increased output of fluid milk. As dairy operations enhance their scale and efficiency, the industry's appetite for packaging solutions, particularly glass containers, is set to grow (FAO and US Department of Agriculture).
- According to the National Institute of Statistics and Geography (INEGI), the sales value of tequila produced in Mexico in 2020 was MXN 48.93 billion (USD 2.75 billion), and it reached MXN 70.86 billion (USD 3.99 billion) in 2023. Therefore, a rise in the production of alcoholic beverages such as spirits would drive the market growth for the container glass market.
Mexico Container Glass Industry Overview
Rising consumer demand for eco-friendly packaging materials, coupled with the consistent expansion of the glass container market, is driving the market's steady growth. Also, rising demand for craft beverages, organic products, and premium packaging has fueled the need for glass containers in the market.
The Mexico container glass market is fragmented. Key players operating in the country include global and domestic players such as Fusión y Formas S.A. de C.V., JocoGlass, Vitro, S.A.B. de C.V., O-I Glass, Inc., Gerresheimer AG, and others. These companies are pursuing strategies such as new product development, expansion, and mergers and acquisitions to enhance product functionality and broaden their geographic presence in the country.
Mexico Container Glass Market Leaders
-
Fusión y Formas S.A. de C.V.
-
JocoGlass
-
Vitro, S.A.B. de C.V.
-
O-I Glass, Inc.
-
Gerresheimer AG
*Disclaimer: Major Players sorted in no particular order
Mexico Container Glass Market News
- July 2024: Glass & Glass, a Mexican producer of container glass, has unveiled plans to expand its manufacturing facility. The expansion aims to boost the production of containers, catering to sectors like perfumery, wines, and spirits. Specializing in glass container manufacturing, Glass & Glass offers a diverse range of type III quality products.
- May 2023: HORN Glass Industries has secured an order from VICHISA, a CROWN subsidiary, to install their new furnace B in Chihuahua, Mexico. HORN will supply all necessary components, including refractory material, E-fusion boosting, heating systems, and control systems for the furnace, distributor, and forehearths. With this new furnace in Chihuahua, CROWN aims to bolster its production capacity, catering to the Central and North American markets with flint, green, and amber container glass bottles.
Mexico Container Glass Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 PESTEL ANALYSIS - Container Glass Industry in Mexico
4.3 Industry Standards and Regulations for Container Glass for Packaging
4.4 Raw Material Analysis & Material Considerations for Packaging
4.5 Sustainability Trends for Packaging
4.6 Container Glass Furnace Capacity and Location in Mexico
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Need for Premium Packaging Products Across End-User Industries
5.1.2 Sustainable and Reyclability Trends to Drive the Demand for Glass
5.2 Market Restraint
5.2.1 Availability Alternative Materials and Operational Costs
5.3 Analysis of the Current Positioning of Mexico in the Latin America Container Glass Market
5.4 Trade Scenario - Analysis of the Historical and Current Export-Import Paradigm for the Container Glass Industry in Mexico
6. MARKET SEGMENTATION
6.1 End-user Industry
6.1.1 Beverage
6.1.1.1 Alcoholic Beverages
6.1.1.1.1 Wines and Spirits
6.1.1.1.2 Beer and Cider
6.1.1.2 Non-Alcoholic Beverages
6.1.1.2.1 Carbonated Drinks
6.1.1.2.2 Water
6.1.1.2.3 Dairy-Based
6.1.1.2.4 Other Non-Alcoholic Beverages
6.1.2 Food
6.1.3 Cosmetics
6.1.4 Pharmaceuticals
6.1.5 Other End user verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Fusion y Formas S.A. de C.V.
7.1.2 JocoGlass
7.1.3 SaverGlass (Orora Group)
7.1.4 O-I Glass, Inc.
7.1.5 Vitro, S.A.B. de C.V.
7.1.6 Gerresheimer AG
7.1.7 Corning Incorporated
7.1.8 Fevisa Industrial, S.A. de C.V.
- *List Not Exhaustive
8. SUPPLEMENTARY COVERAGE - ANALYSIS OF MAJOR FURNACE SUPPLIERS TO CONTAINER GLASS PLANTS IN MEXICO
9. FUTURE OUTLOOK OF THE MARKET
Mexico Container Glass Industry Segmentation
Glass Containers refer to clean bottles and jars made from glass. The scope excludes windows and other non-container glass products. Container glass is used in the alcoholic and non-alcoholic beverage industries due to its ability to maintain chemical inertness, sterility, and non-permeability. Glass packaging is valued for its unique properties, including its transparency, inertness, and ability to preserve the quality and integrity of its contents.
Mexico Container Glass Market is segmented by end-user industry ((beverages (alcoholic beverages (wines and spirits, beer and cider) and non-alcoholic beverages (carbonated drinks, water, dairy-based, other non-alcoholic beverages)), food, cosmetics, pharmaceuticals, and other end-user industries). The market sizes and forecasts are provided in terms of volume (tons) for all the above segments.
| End-user Industry | ||||||||||||
| ||||||||||||
| Food | ||||||||||||
| Cosmetics | ||||||||||||
| Pharmaceuticals | ||||||||||||
| Other End user verticals |
Mexico Container Glass Market Research Faqs
How big is the Mexico Container Glass Market?
The Mexico Container Glass Market size is expected to reach 4.45 million tonnes in 2024 and grow at a CAGR of 3.51% to reach 5.29 million tonnes by 2029.
What is the current Mexico Container Glass Market size?
In 2024, the Mexico Container Glass Market size is expected to reach 4.45 million tonnes.
Who are the key players in Mexico Container Glass Market?
Fusión y Formas S.A. de C.V., JocoGlass, Vitro, S.A.B. de C.V., O-I Glass, Inc. and Gerresheimer AG are the major companies operating in the Mexico Container Glass Market.
What years does this Mexico Container Glass Market cover, and what was the market size in 2023?
In 2023, the Mexico Container Glass Market size was estimated at 4.29 million tonnes. The report covers the Mexico Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Container Glass Industry Report
Statistics for the 2024 Mexico Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Container Glass analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
