Mexico Flexible Plastic Packaging Market Size
| Study Period | 2022 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.57 Million tonnes |
| Market Volume (2029) | 0.73 Million tonnes |
| CAGR (2024 - 2029) | 5.07 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Flexible Plastic Packaging Market Analysis
The Mexico Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.57 Million tonnes in 2024 to 0.73 Million tonnes by 2029, at a CAGR of 5.07% during the forecast period (2024-2029).
Flexible packaging solutions, known for their lightweight nature and convenience, are crucial in preserving product freshness. Their adaptability across various product categories has significantly boosted demand in Mexico. This form of packaging offers economic advantages and allows for a high degree of customization. In Mexico, the popularity of flexible plastic packaging is on the rise, largely due to its efficiency and cost-effectiveness.
- The rising population in Mexico and growing purchasing power and accessibility of products have fueled a notable uptick in consumer demand for various packaged goods. This heightened demand spans items like beverages, cosmetics, personal care products, and pharmaceuticals, consequently boosting the need for flexible plastic packaging.
- The Mexican food and beverage sector is witnessing growth, driven by increasing tourism, a growing appetite for snacked and processed foods, and a booming food service industry. This, in turn, is fueling the demand for lightweight and convenient flexible plastic packaging solutions.
- Stand-up pouches, favored for their ability to keep food fresh for extended periods and their effective barrier against moisture and oxygen, are in high demand for food packaging in Mexico. Manufacturers in the flexible plastic packaging sector stand to gain significantly by focusing on product innovations, especially in eco-friendly stand-up pouches, aligning with the evolving market preferences.
- However, the Mexican market faces a notable challenge in the form of rising plastic prices. Fluctuations in resin costs, particularly for materials like polyethylene (PE), polyvinyl chloride (PVC), and bi-oriented polypropylene (BOPP), driven by both heightened demand and production variations, can potentially impact the Mexican flexible packaging market.
Mexico Flexible Plastic Packaging Market Trends
The Polyethylene (PE) Segment is Expected to Witness Strong Growth
- Polyethylene (PE), a lightweight, partially crystalline, thermoplastic resin, finds its primary application in the Mexican flexible plastic packaging industry, notably in plastic bags, films, and pouches. Its attributes, including high chemical resistance, low moisture absorption, and sound insulation, bolster the demand for flexible plastic packaging.
- Flexible plastic packaging solutions crafted from polyethylene (PE) boast leak-proof qualities, safeguarding products from both moisture and tampering. PE, known for its affordability, ease of processing, and durability, also offers robust barrier properties against gases, aromas, and light. This makes it a preferred choice for crafting stand-up pouches of varying sizes, especially prominent in Mexico's food and beverage, personal care, pet care, and pharmaceutical sectors.
- Furthermore, Mexican manufacturers are increasingly focusing on research and development to create eco-friendly packaging that caters to industries like food, beverages, consumer goods, and personal care. In a recent development, in February 2024, Amcor PLC, an Australian packaging giant with operations in Mexico, collaborated with Stonyfield Organic and Cheer Pack North America to introduce a polyethylene (PE) spouted pouch for refrigerated yogurt.
- Given the rising demand for plastic products in Mexico, the nation's plastic market presents a lucrative opportunity for US exporters. Data from the National Institute of Statistics and Geography (INEGI) and the International Trade Administration reveals that Mexico's local plastic and resin production saw a 1.81% increase in 2023, driven largely by the surge in food and beverage packaging demands.
The Food Industry is Expected to Hold a Significant Share in the Market
- The surge in food consumption, spanning baked goods, snacks, confectionery, and processed foods, is a key driver behind the escalating demand for flexible plastic packaging in Mexico. As per the United States Department of Agriculture (USDA), Mexico ranks third in the Americas for its food processing industry, trailing only the United States and Brazil. Notably, the heightened demand for bakery items, closely followed by meat and dairy products, is fueling the Mexican flexible packaging market.
- Furthermore, as Mexican consumers increasingly pivot toward healthier food choices and exhibit a growing penchant for on-the-go indulgence, coupled with the resurgence of the nation's tourism sector, the market is witnessing a notable upswing. Highlighting this trend, in 2023, Mexico's processed food imports from the United States reached a value of USD 5.86 billion, further amplifying the need for flexible plastic packaging.
- With a working population seeking convenient food options, the demand for easily transportable food items is rising in Mexico. Ready-to-eat meals, a rapidly expanding segment, are predominantly housed in plastic laminate pouches featuring wide seals. These pouches cater to a variety of products, from fully cooked thermo-stabilized meals to those that can be reheated with hot water or a heater or even consumed cold, thereby widening the market's scope.
- Additionally, the burgeoning Mexican pet food industry is driving up the demand for pouches and bags. The country's rising income levels and a surge in pet ownership are key factors propelling the flexible packaging market. Notably, with nearly 70% of Mexican households owning pets, the nation is poised to become the world's fifth-largest consumer market for pet food, as per the International Trade Administration.
Mexico Flexible Plastic Packaging Industry Overview
The Mexican flexible plastic packaging market exhibits a moderate level of consolidation, with companies of varying sizes, such as Amcor PLC, Innovia Films, and Sonoco Products Company, competing for significant market shares. These firms are actively pursuing strategies like new product launches, mergers, acquisitions, and market expansions to bolster their revenues.
- In April 2024, Amcor PLC, an Australian packaging giant, collaborated with Kimberley Clark to introduce a line of flexible packaging for its Eco Protect Diapers in Latin America. This innovative packaging boasts 30% recycled materials, aligning with sustainability trends.
Mexico Flexible Plastic Packaging Market Leaders
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Amcor PLC
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Sonoco Products Company
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Huhtamaki Oyj
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Innovia Films
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Berry Global Inc.
*Disclaimer: Major Players sorted in no particular order
Mexico Flexible Plastic Packaging Market News
- June 2024: EXPO Pack Mexico 2024 marked a historic milestone as Latin America's largest packaging and processing trade show. The expo had more than 20,000 packaging and processing buyers over 40 verticals and featured 700 exhibitors. The event featured nine international pavilions from Brazil, Canada, China, France, Italy, Spain, Taiwan, Turkey, and the United States.
- September 2023: Sonoco Products Company, a US-based entity, finalized its acquisition of RTS Packaging. This strategic move broadened Sonoco's reach and integrated a network of 15 facilities and a substantial workforce across the United States, Mexico, and Latin America.
Mexico Flexible Plastic Packaging 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 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 The Growing Food and Beverage Sector is Expected to Propel the Demand for Flexible Plastic Packaging
5.1.2 Boost in Demand for Stand-up Pouches in the Country
5.2 Market Challenge
5.2.1 Fluctuating Plastic Costs to Hamper the Market's Growth
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Polyethene (PE)
6.1.2 Bi-oriented Polypropylene (BOPP)
6.1.3 Cast Polypropylene (CPP)
6.1.4 Polyvinyl Chloride (PVC)
6.1.5 Ethylene Vinyl Alcohol (EVOH)
6.1.6 Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS)
6.2 By Product Type
6.2.1 Pouches
6.2.2 Bags
6.2.3 Films and Wraps
6.2.4 Other Product Types (Blister Packs, Liners, etc)
6.3 By End-User Industry
6.3.1 Food
6.3.1.1 Candy & Confectionery
6.3.1.2 Frozen Foods
6.3.1.3 Fresh Produce
6.3.1.4 Dairy Products
6.3.1.5 Dry Foods
6.3.1.6 Meat, Poultry, And Seafood
6.3.1.7 Pet Food
6.3.1.8 Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)
6.3.2 Beverage
6.3.3 Medical and Pharmaceutical
6.3.4 Personal Care and Household Care
6.3.5 Other End user Industries ( Automotive, Chemical, Agriculture)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Galas De Mexico
7.1.2 GURPA
7.1.3 Amcor PLC
7.1.4 Huhtamaki Oyj
7.1.5 Sonoco Products Company
7.1.6 Sealed Air Corporation
7.1.7 Berry Global Inc.
7.1.8 Innovia Films
7.1.9 Finpak Flexibles
7.1.10 Zubex
- *List Not Exhaustive
7.2 Heat Map Analysis
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OUTLOOK
Mexico Flexible Plastic Packaging Industry Segmentation
The study on the Mexican flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material and tracks the market size for respective end-user types. The estimates for the Mexican flexible plastic packaging market include all the costs associated with flexible plastic packaging manufacturing, from raw material procurement to end-use industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using both bottom-up and top-down approaches for segmentation, and volume has also been taken into consideration.
The Mexico Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture]).The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.
| By Material Type | |
| Polyethene (PE) | |
| Bi-oriented Polypropylene (BOPP) | |
| Cast Polypropylene (CPP) | |
| Polyvinyl Chloride (PVC) | |
| Ethylene Vinyl Alcohol (EVOH) | |
| Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS) |
| By Product Type | |
| Pouches | |
| Bags | |
| Films and Wraps | |
| Other Product Types (Blister Packs, Liners, etc) |
| By End-User Industry | ||||||||||
| ||||||||||
| Beverage | ||||||||||
| Medical and Pharmaceutical | ||||||||||
| Personal Care and Household Care | ||||||||||
| Other End user Industries ( Automotive, Chemical, Agriculture) |
Mexico Flexible Plastic Packaging Market Research FAQs
How big is the Mexico Flexible Plastic Packaging Market?
The Mexico Flexible Plastic Packaging Market size is expected to reach 0.57 million tonnes in 2024 and grow at a CAGR of 5.07% to reach 0.73 million tonnes by 2029.
What is the current Mexico Flexible Plastic Packaging Market size?
In 2024, the Mexico Flexible Plastic Packaging Market size is expected to reach 0.57 million tonnes.
Who are the key players in Mexico Flexible Plastic Packaging Market?
Amcor PLC, Sonoco Products Company, Huhtamaki Oyj, Innovia Films and Berry Global Inc. are the major companies operating in the Mexico Flexible Plastic Packaging Market.
What years does this Mexico Flexible Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Mexico Flexible Plastic Packaging Market size was estimated at 0.54 million tonnes. The report covers the Mexico Flexible Plastic Packaging Market historical market size for years: 2022 and 2023. The report also forecasts the Mexico Flexible Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Flexible Plastic Packaging Industry Report
Statistics for the 2024 Mexico Flexible Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Flexible Plastic Packaging analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
