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Mexico Glass Packaging Market Size (2024 - 2029)

The Mexico Glass Packaging Market is poised for significant growth, driven by the expansion of production capacities and the increasing demand from the craft beer sector. Despite the challenges posed by the COVID-19 pandemic, which temporarily affected alcohol production and glass container requirements, the market is expected to recover and expand. The acquisition of glass manufacturing facilities by major companies underscores the strategic importance of the Mexican market, as they aim to capitalize on the rising demand for glass packaging. This growth trajectory highlights the robust market size potential in Mexico's glass packaging industry.

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Market Size of Mexico Glass Packaging Industry

Mexico Glass Packaging Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 9.50 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Mexico Glass Packaging Market Analysis

The Mexico Glass Packaging Market is expected to register a CAGR of 9.5% during the forecast period. With the outbreak of COVID-19, the country has taken steps to deem alcohol production and non-essential business. This will significantly impact the consumption and requirement of glass containers and further suspended beer production after preventive orders from the Mexican government to stop the spread of the coronavirus.

  • The country has been witnessing an active expansion of its production capacities. For instance, The joint venture between Constellation Brands, O-I, and Industria Vidriera de Coahuila (IVC), operates several glass bottle plants in Mexico. Further, in early 2020, IVC opened the fifth furnace in Piedras Negras.
  • Although the growth rate is less than the United States, Mexico's craft beer market is growing by 53% every year. According to the Mexican craft beer association, Acermex estimates that there are now over 600 independent breweries in Mexico. This is expected to drive increased demand for the glass packaging market.
  • Further, Owens-Illinois Inc.,acquired Nueva Fabrica Nacional de Vidrio, from Grupo Modelo for USD 188 million. The glass bottle manufacturer expects the Mexican market to contribute around USD 140 million of revenue and an additional USD 40 million yearly earnings before interest, taxes, depreciation, and amortization. Currently, this plant has four furnaces that can produce and supply approximately 300,000 metric tons of glass containers annually for Grupo Modelo brands, which include Corona, Modelo Especial, and Pacifico. This acquisition happened to capture the growing glass market in Mexico, which is expected to strengthen the demand for glass packaging in the country.

Mexico Glass Packaging Industry Segmentation

Glass is one of the most preferred materials for the packaging of food, beverages, pharmaceuticals, and cosmetics and perfumery. Properties, such as excellent barrier properties, sterility, and reusability, make it a superior packaging material. The other major advantage of glass packaging is that it can be molded into various shapes and sizes, facilitating its use across different industry verticals.

The scope of the study covers the key types, such as food, beverage, cosmetics and perfumery, and pharmaceuticals. The study also covers types such as bottles/containers, vials, ampoules, and jars

The study further covers the Assessment of COVID-19 on the Mexico Glass Industry.

By Type
Bottles/Containers
Vials
Ampoules
Jars
By End-user Vertical
Pharmaceuticals
Personal Care
Household Care
Agricultural
Other End-user Vertical
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Mexico Glass Packaging Market Size Summary

The Mexico Glass Packaging Market is poised for significant growth, driven by the expansion of production capacities and the increasing demand from the craft beer sector. The market is characterized by strategic partnerships and acquisitions, such as the joint venture between Constellation Brands, O-I, and Industria Vidriera de Coahuila, which has bolstered glass bottle production in the country. The acquisition of Nueva Fabrica Nacional de Vidrio by Owens-Illinois Inc. further underscores the market's potential, with expectations of substantial revenue contributions. Despite challenges posed by the COVID-19 pandemic, the market is expected to benefit from trade agreements and the traditional manufacturing of alcoholic beverages, which remains a cornerstone of Mexico's glass packaging industry.

In addition to the alcoholic beverage sector, the personal care industry is also contributing to the demand for glass packaging, supported by the strong US dollar and trade agreements like the renegotiated North American Free Trade Agreement. The market is moderately competitive, with players engaging in product innovation, partnerships, and mergers to enhance their market share. The COVID-19 pandemic has spurred a surge in demand for glass packaging, particularly for sanitizers, as companies like IZO Agave Spirits pivoted to meet community needs. The market's growth trajectory is further supported by global players expanding their operations in Mexico, indicating a robust outlook for the glass packaging industry in the coming years.

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Mexico Glass Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Impact of COVID-19 on the Mexico Glass Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Bottles/Containers

      2. 2.1.2 Vials

      3. 2.1.3 Ampoules

      4. 2.1.4 Jars

    2. 2.2 By End-user Vertical

      1. 2.2.1 Pharmaceuticals

      2. 2.2.2 Personal Care

      3. 2.2.3 Household Care

      4. 2.2.4 Agricultural

      5. 2.2.5 Other End-user Vertical

Mexico Glass Packaging Market Size FAQs

The Mexico Glass Packaging Market is projected to register a CAGR of 9.5% during the forecast period (2024-2029)

Sonoco Products Company, Corning Incorporated, Schott AG , Frigo Glass and Gerresheimer AG are the major companies operating in the Mexico Glass Packaging Market.

Mexico Glass Packaging Market Report Snapshots

Mexico Glass Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)