Market Trends of Mexico Pouch Packaging Industry
The Food Segment is Expected to Dominate the Market
- Mexico, second only to Brazil in Latin America's economic landscape, is witnessing a food and beverage consumption surge. This increase is fueled by a combination of factors: a burgeoning tourism industry, evolving consumer tastes, and a heightened appetite for convenient, ready-to-eat, and processed foods driven by increasingly busy lifestyles.
- Highlighted in the United States Department of Agriculture's (USDA) 2023 report, the Mexican food processing industry hit a valuation of USD 35.8 billion. This growth was largely spurred by the dominance of supermarkets and hypermarkets, which collectively command a substantial 58% share of the Mexican food retail sector. Consequently, sales of retort pouches, catering to processed and preserved foods, snacks, candies, and frozen items, saw a notable uptick.
- Mexico's expertise in producing and exporting fresh fruits and vegetables is a key driver of the pouch packaging market. Notably, the USDA's 2023 data underscores Mexico's organic exports to the United States, with avocados, strawberries, raspberries, blackberries, and tomatoes leading the pack. This surge in exports, coupled with a rising consumer preference for pouch packaging that ensures the freshness and safety of these produce items, is further fueling the market's growth.
- Furthermore, the Mexican dairy sector is experiencing significant growth. The USDA projects a 2% increase in milk production for 2024. Impressively, over half of Mexico's milk output is channeled into dairy products, underscoring the pivotal role of pouch packaging in preserving their quality and freshness.
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Aseptic Pouch Packaging is Expected to Have the Largest Market Share
- Aseptic packaging involves sterilizing food, pharmaceuticals, and other contents before filling, effectively preventing microorganisms from contaminating the package. This method is gaining traction in the Mexican market.
- Mexico's demand for ready-to-drink fruit juices and beverages is on the rise, driven by a busy lifestyle, evolving consumer tastes, and advancements in packaging technology that extend product shelf life. Aseptic packaging, particularly for liquid products, negates the need for expensive cold chain logistics for Mexican manufacturers.
- Leading manufacturers like Amcor Group and Sonoco Products Company are introducing innovative barrier technologies in pouch packaging that cater to various applications. The increasing adoption of aseptic pouches for liquids, including sauces, soups, and beverages, is propelling the market's growth in Mexico.
- Mexico's expanding healthcare sector is witnessing a surge in pharmaceutical sales, consequently driving the demand for aseptic medical packaging. Notably, Mexico ranks as the 15th largest pharmaceutical market globally and the second largest in Latin America, as per the International Trade Administration. In 2023, pharmaceutical sales in Mexico reached USD 10.83 billion, marking a 7.02% increase from the previous year.
