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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 Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.38 Billion
Market Size (2029) USD 2.87 Billion
CAGR (2024 - 2029) 4.00 %
Market Concentration Low

Major Players

Mexico Glass Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mexico Glass Packaging Market Analysis

The Mexico Glass Packaging Market size is estimated at USD 2.38 billion in 2024, and is expected to reach USD 2.87 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).

The country's glass packaging market has grown significantly, driven by demand from diverse end-user industries. As consumers increasingly lean towards eco-friendly choices, the shift towards sustainable packaging solutions reshapes market dynamics.

  • Mexican companies are eyeing high-quality, innovative options, especially as they seek to adopt new technologies. Furthermore, the rising demand for safer, healthier packaging propels market expansion. Glass bottles, cherished for their heritage and premium appeal, dominate the packaging landscape. Urbanization and rising disposable incomes have been catalysts for this growth. Premium packaging enhances brand satisfaction and increases the likelihood of repurchase and recommendations.
  • The glass industry caters to various sectors, offering packaging solutions for food, beverages, perfumery, cosmetics, and pharmaceuticals. Glass packaging is trusted for its health, taste, and environmental safety benefits, ensuring product freshness and security over extended periods. Moreover, the appeal of high-quality, innovative options positions Mexican companies favorably in pursuing new technologies, further fueling market growth.
  • Industry players in Mexico's glass sector are optimistic about its long-term trajectory. Key growth drivers include Mexico's strategic geographic positioning, its engagement in free trade agreements, and the active participation of numerous international firms. Data from the International Trade Center (ITC) highlights the country's robust export activities. Over the decades, Mexico's proximity to the U.S. has been a boon for its container glass industry. The North American Free Trade Agreement (NAFTA) has streamlined logistics and supply channels, seamlessly connecting Mexico, Canada, and the U.S.
  • Health-conscious trends are rising, with beverages leaning towards low-calorie and reduced-sugar options. These shifts cater to individual choices and mirror a societal move towards holistic well-being. Consequently, as spirit and alcohol manufacturers innovate to align with these health-centric demands, market growth is set to accelerate.
  • However, the market also witnesses challenges, as glass packaging is fragile and demands meticulous handling during operations and logistics. Its weight and bulkiness further complicate matters, rendering it less suitable for long-distance transport.

Mexico Glass Packaging Industry Segmentation

The market for the study defines the revenue generated from the sales of various products such as bottles, containers, vials, jars, and more. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the Mexico packaging market in terms of drivers and restraints.

Mexico Glass Packaging Market is Segmented by Products (Bottles and Containers, Vials, Ampoules, Jars) and End-User Industries (Pharmaceuticals, Personal Care, Household Care, Food and Beverage, and Other End-User Verticals). The Market Sizes and Forecasts are Provided in Value (USD) for all the Above Segments.

By Product
Bottles and Containers
Vials
Ampoules
Jars
By End-user Vertical
Pharmaceuticals
Personal Care
Household Care
Food and Beverage
Other End-user Verticals
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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 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Bottles and 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 Food and Beverage

      5. 2.2.5 Other End-user Verticals

Mexico Glass Packaging Market Size FAQs

The Mexico Glass Packaging Market size is expected to reach USD 2.38 billion in 2024 and grow at a CAGR of 4% to reach USD 2.87 billion by 2029.

In 2024, the Mexico Glass Packaging Market size is expected to reach USD 2.38 billion.

Mexico Glass Packaging Market Report Snapshots

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