Mexico Plastic Bottles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 156.81 Million |
| Market Size (2029) | USD 198.40 Million |
| CAGR (2024 - 2029) | 4.82 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Mexico Plastic Bottles Market Analysis
The Mexico Plastic Bottles Market size is estimated at USD 156.81 million in 2024, and is expected to reach USD 198.40 million by 2029, growing at a CAGR of 4.82% during the forecast period (2024-2029). In terms of production capacity, the market is expected to grow from 164.61 thousand tonnes in 2024 to 204.42 thousand tonnes by 2029, at a CAGR of 4.43% during the forecast period (2024-2029).
- Plastic bottles and containers, primarily made of polyethylene terephthalate, polypropylene, and polyethylene, are widely used due to their lightweight properties and recyclability. These characteristics make plastic the preferred choice among end users in various industries, including food and beverage, personal care, and household products. The increasing global consumption of packaged and processed foods and the growing demand for bottled beverages are expected to fuel the market's growth. The versatility of plastic packaging, its ability to extend product shelf life, and its convenience for consumers further contribute to its popularity.
- Plastic packaging has gained popularity among Mexican consumers due to its lightweight and durable nature, enhancing ease of handling and transportation. Manufacturers prefer plastic packaging for its lower production costs and design versatility. The introduction of advanced polymers like polyethylene terephthalate (PET) and high-density polyethylene (HDPE) has expanded applications for plastic bottles across food and beverage, personal care, and household product industries. The market has seen increased demand for PET bottles, driven by their recyclability, clarity, and barrier properties. This trend is supported by growing consumer awareness of environmental issues and demand for sustainable packaging solutions.
- Mexico's deep integration into the global economy makes it an attractive destination for foreign direct investment (FDI). The country's strategic location, large domestic market, abundant natural resources, and diverse economy draw companies to establish production facilities. These facilities cater to domestic demand and serve neighboring markets in the United States and Canada. In recent years, Mexico's trade landscape has evolved significantly. The growth in imports and exports has led to increased demand for packaging that meets international standards. This demand is particularly evident in the plastic bottle industry, as products must comply with global packaging requirements to ensure the quality of exported goods.
- Mexico's dynamic lifestyles and increasing consumer reliance on packaged beverages drive growth in the plastic bottles and containers market. These products are preferred due to their superior barrier properties, convenience, high-quality printability, and efficient use of materials. The growing demand for packaged drinking water in Mexico further propels the plastic bottle packaging market. This packaging option provides extended shelf life, ease of use, enhanced product protection from potential deterioration, and cost-effectiveness compared to alternative packaging materials.
- The Mexican government has implemented several laws and regulations regarding plastic and single-use plastic in packaging. These regulations aim to reduce environmental impact and promote sustainability. As a result, manufacturers face both challenges and opportunities in adapting their packaging strategies. This situation introduces opportunities for manufacturers to innovate and incorporate recycled content in plastic bottles. Companies are now exploring alternative materials, redesigning packaging, and investing in recycling technologies to comply with regulations and meet consumer demands for eco-friendly solutions. The shift toward sustainable packaging helps manufacturers comply with legal requirements, enhances their brand image, and appeals to environmentally conscious consumers.
Mexico Plastic Bottles Market Trends
Polyethylene Terephthalate (PET) segment to Hold Significant Market Share
- PET has become a vital packaging material for bottle manufacturers across the country. The increasing use of lightweight PET resins offers high strength, toughness, abrasion resistance, heat resistance, low creep at elevated temperatures, and good chemical resistance. These properties make PET ideal for bottle and container production, enabling manufacturers to create durable and versatile packaging solutions that meet various industry needs.
- The trend toward lightweight products is cost-effective and helps manufacturers gain a competitive edge. Companies can lower production costs and improve profit margins by reducing material usage without compromising performance. Lightweight PET bottles contribute to reduced transportation costs and environmental impact, aligning with the growing consumer demand for sustainable packaging options.
- PET plastic bottles are increasingly replacing glass bottles due to their lightweight and durable nature. These bottles provide reusable packaging for mineral water and other beverages, enabling more cost-effective transportation. PET's transparency and inherent CO2 barrier properties make it suitable for various applications and allow easy molding into bottles or different shapes. The properties of PET can be enhanced with additives such as colorants, UV blockers, and oxygen barriers/scavengers to create bottles tailored to specific brand requirements.
- PET has become a crucial packaging material for bottle manufacturers across Mexico. The United States was the leading destination for Mexico's pharmaceutical exports in 2023, reaching over USD 1 billion. Canada followed, importing around USD 193 million worth of pharmaceuticals from Mexico. Mexico's pharmaceutical exports amounted to approximately USD 2.3 billion in 2023. The growth in PET usage can be attributed to several factors, including increased consumer demand for pharmaceutical packaging, advancements in packaging technology, and the expansion of the healthcare industry in Mexico. The rise in PET usage is particularly notable in the pharmaceutical sector, where its lightweight properties and recyclability make it an attractive option for manufacturers. The food and personal care industries have also seen an increase in PET packaging adoption, further driving the overall growth of the packaging industry in Mexico.
- Sustainable packaging solutions have gained prominence in Brazil due to increasing consumer awareness of eco-friendly packaging's environmental benefits. PET has become an essential resin in developing sustainable packaging materials because of its recyclability and potential for circularity. Collecting, processing, and transforming used PET products into new packaging materials offers a significant opportunity to reduce reliance on virgin resources and mitigate environmental waste.
- The future of PET recycling in Mexico is closely tied to technological advancements that enhance efficiency, cost-effectiveness, and environmental sustainability. Improved methods for collecting, processing, and transforming used PET products into new packaging materials offer significant opportunities to reduce reliance on virgin resources and mitigate environmental waste. These advancements may include more sophisticated sorting technologies, enhanced chemical recycling processes, and innovative packaging designs that facilitate easier recycling. As Mexico continues to focus on sustainable practices, the PET recycling industry will likely see increased investment in research and development and supportive government policies to encourage recycling initiatives and circular economy principles.
Expected to Hold Significant Share in the Market
- Packaging for carbonated drinks requires containers that can endure pressure without altering flavors. Historically, glass bottles dominated the packaging of carbonated soft drinks. However, there's been a noticeable shift towards plastic packaging in recent years. This change is primarily attributed to the challenges of reusing glass bottles, which pose significant manufacturing costs. Additionally, glass bottles are prone to breakage and damage during transportation.
- Mexico's hot and humid climate, changing demographics, increasing purchasing power among the youth, rapid urbanization, and expanding consumption in rural areas are driving a notable shift in the country's demand for carbonated soft drinks (CSDs). In April 2023, sales of flavored soft drinks in Mexico surpassed USD 195.9 million, a rise from USD 159.6 million in February 2023. This uptick in carbonated soft drink consumption is also reflected in the growing sales of carbonated soft drinks in plastic bottles nationwide. The market is witnessing a significant transformation as these factors collectively contribute to evolving consumer preferences and purchasing behaviors.
- Moreover, one significant factor in the soft drinks industry's success is consumer globalization. Technology and transportation have enabled companies to reach consumers worldwide, creating new markets and growth opportunities. Multinational soft drink brands have also exploited globalization by partnering with regional bottlers/distributors in various regions. By working with regional partners familiar with local markets and channels, they can expand into new markets more quickly, changing the consumption landscape and demand for plastic bottles throughout Mexico.
- The manufacturing, selling, marketing, and trading of soft drinks in plastic bottles are raising concerns nationwide as consumers become more aware of the packaging format and its environmental impact. This has prompted soft drink manufacturers to innovate, invest, and develop bottles that address these concerns. Companies throughout the region are launching recyclable bottles made from recycled content to promote circularity in the supply chain.
Mexico Plastic Bottles Industry Overview
The Mexico Plastic Bottles Market is fragmented, with several global and regional players, such as ALPLA Group, Amcor Group, Berry Global, and others, vying for attention in a contested market space. This market is characterized by low product differentiation, growing levels of product penetration, and high levels of competition. Significant investment in research and development activities and strategic mergers and acquisitions have allowed the companies to gain a strong foothold in the market.
- April 2024 - Amcor, a global player in packaging solutions, unveiled a one-liter carbonated soft drink (CSD) bottle crafted entirely from post-consumer recycled (PCR) polyethylene terephthalate (PET) material.
- August 2023 - ALPLA supports the collection of used beverage packaging in Mexico by offering payment for PET bottles, even in areas without established plastic collection points. The company deploys specialized vans to accept collected materials locally. ALPLA then reprocesses the raw material in its recycling facilities.
Mexico Plastic Bottles Market Leaders
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ALPLA Group
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Amcor Group
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Berry Global Inc.
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Plastimax, S.A.
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Pretium Packaging
*Disclaimer: Major Players sorted in no particular order
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Mexico Plastic Bottles Market News
- May 2024 - ALPLA, a specialist in plastic packaging, is introducing a safe, affordable, and sustainable recyclable PET wine bottle. Weighing just an eighth of a traditional glass bottle, this innovation cuts the carbon footprint by as much as 50% and offers potential cost savings of up to 30%. The bottle can be produced entirely from recycled PET (rPET). Currently, the packaging solution is available in 0.75-liter and 1-liter sizes.
- January 2024 - The anti-dumping investigation initiated by South Korea against Chinese PET resin is expected to reduce PET resin exports from China to South Korea significantly. This investigation follows a surge in Chinese PET resin exports to South Korea, driven by trade barriers imposed by the United States and Japan on Chinese PET resin from 2015 to 2017. The preliminary ruling is anticipated within three months, and the potential imposition of anti-dumping tariffs is likely to cause a rapid decline in Chinese PET bottle chip exports to South Korea.
- Additionally, Mexico has announced its decision to launch an anti-dumping investigation into PET bottle chips and PET fiber chips originating from China in response to applications from local polyester manufacturers Alpek and Indorama.
Mexico Plastic Bottles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Defintion
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Popularity of Lightweight Packaging Solutions
5.2 Market Challenges
5.2.1 Growing Environmental Concerns over the Use of Plastic
5.3 Trade Scenario
5.3.1 EXIM Data
5.3.2 Trade Analysis
6. MARKET SEGMENTATION
6.1 By Resin
6.1.1 Polyethylene (PE)
6.1.2 Polyethylene Terephthalate (PET)
6.1.3 Polypropylene (PP)
6.1.4 Other Resins (Polystyrene, PVC, Polycarbonate, etc.)
6.2 By End-use Industries
6.2.1 Food
6.2.2 Beverage
6.2.2.1 Bottled Water
6.2.2.2 Carbonated Soft Drinks
6.2.2.3 Alcoholic Beverages
6.2.2.4 Juices & Energy Drinks
6.2.2.5 Other Beverages
6.2.3 Pharmaceuticals
6.2.4 Personal Care & Toiletries
6.2.5 Industrial
6.2.6 Household Chemicals
6.2.7 Paints & Coatings
6.2.8 Other End-use Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Gerresheimer AG
7.1.2 Indorama Ventures Public Company Limited.
7.1.3 Plastimax, S.A.
7.1.4 Maxipet S.A de C.V.
7.1.5 Pretium Packaging
7.1.6 ALPLA Group
7.1.7 KHS GmbH
7.1.8 Amcor Group
7.1.9 Berry Global Inc.
7.1.10 VALGROUP
7.2 Heat Map Analysis
7.3 Competitor Analysis - Emerging vs. Established Players
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OUTLOOK
Mexico Plastic Bottles Industry Segmentation
The scope of the study characterizes the plastic bottles market based on the raw materials of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as food, pharmaceuticals, beverages, cosmetics, toiletries, and more across multiple countries. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Mexico Plastic Bottles Market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other resins [polystyrene, PVC, polycarbonate, etc.]) and by end-use industries (food, beverage [bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks and other beverages], pharmaceuticals, personal care and toiletries, household chemicals, paints and coatings, and other end-use industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD billion) and Volume (tonnes) for all the Above Segments.
| By Resin | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Other Resins (Polystyrene, PVC, Polycarbonate, etc.) |
| By End-use Industries | |||||||
| Food | |||||||
| |||||||
| Pharmaceuticals | |||||||
| Personal Care & Toiletries | |||||||
| Industrial | |||||||
| Household Chemicals | |||||||
| Paints & Coatings | |||||||
| Other End-use Industries |
Mexico Plastic Bottles Market Research FAQs
How big is the Mexico Plastic Bottles Market?
The Mexico Plastic Bottles Market size is expected to reach USD 156.81 million in 2024 and grow at a CAGR of 4.82% to reach USD 198.40 million by 2029.
What is the current Mexico Plastic Bottles Market size?
In 2024, the Mexico Plastic Bottles Market size is expected to reach USD 156.81 million.
Who are the key players in Mexico Plastic Bottles Market?
ALPLA Group, Amcor Group, Berry Global Inc., Plastimax, S.A. and Pretium Packaging are the major companies operating in the Mexico Plastic Bottles Market.
What years does this Mexico Plastic Bottles Market cover, and what was the market size in 2023?
In 2023, the Mexico Plastic Bottles Market size was estimated at USD 149.25 million. The report covers the Mexico Plastic Bottles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Plastic Bottles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Plastic Bottles Industry Report
Statistics for the 2024 Mexico Plastic Bottles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Plastic Bottles 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.
