Mexico Rigid Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 1.99 Million tonnes |
| Market Volume (2029) | 2.42 Million tonnes |
| CAGR (2024 - 2029) | 4.03 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Rigid Plastic Packaging Market Analysis
The Mexico Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 1.99 Million tonnes in 2024 to 2.42 Million tonnes by 2029, at a CAGR of 4.03% during the forecast period (2024-2029).
Rigid plastic packaging provides unique benefits, such as stiffness, high impact strength, and high barrier properties, which have contributed to the growth of the market in recent years. In Mexico, the food industry is one of the significant contributors to the rigid plastic packaging market. According to the International Trade Administration, packaging was the key driver of Mexico's plastics industry, contributing to 47% of the market demand. Plastic packaging items in the food and beverage industry are usually locally created.
- The country's rigid plastic packaging market is highly fragmented. Global players in the market include Amcor, Grupo Phoenix, Berry Group, and ALPLA. There are also several regional Mexican contract packaging firms operating in the market. Although barriers to entry for new players are moderate, regional packaging companies see value in foraying owing to the significant demand from various end-user industries.
- Plastic products and resins topped the list of US exports to Mexico. Mexico is the leading export market for plastics, processing machinery, and related equipment for the Americas. This is largely driven by intense nearshoring packaging activities across Mexico.
- In response to mounting environmental concerns, the plastics industry is actively exploring recycling technologies to align with global sustainability goals. ECOCE, a non-profit ecological education and packaging recycling organization, reported that Mexico's recycled content in packaging rose from 18% in 2022 to 20% in 2023.
- Carbonated beverages dominate the Mexican soft drinks industry. Though packaged water and fruit-based drinks started gaining popularity among Mexican consumers in recent years, carbonated beverages are way ahead of the rest of these categories in the country's soft drinks industry. The isotonic drinks segment in Mexico is the largest in Latin America.
- However, environmental concerns surrounding plastic packaging could hinder market growth. In Mexico, plastic waste is a predominant component of uncollected refuse, frequently making its way to the coast. A report from the Ministry of Environment and Natural Resources indicated that pollution levels along Mexico's coastlines had reached alarming heights. According to Plastic-Free Oceans at Oceana, a prominent marine conservation entity, the ocean is inundated with plastic waste equivalent to two truckloads every minute.
Mexico Rigid Plastic Packaging Market Trends
Demand For PET Bottles is Expected to Witness High Growth
- Plastic bottles crafted from PET are increasingly supplanting their heavier and more fragile glass counterparts. This shift can be attributed to PET's ability to provide reusable packaging for mineral water and various beverages, facilitating more cost-effective transportation.
- PET, known for its clarity and natural barrier against CO2, boasts diverse applications and can be effortlessly molded into bottles or other shapes. Furthermore, by incorporating colorants, UV blockers, oxygen barriers/scavengers, and other additives, the properties of PET can be tailored to align with a brand's unique requirements.
- In recent years, heightened consumer awareness about the environmental benefits of eco-friendly packaging has propelled the adoption of sustainable packaging solutions. PET, recognized for its recyclability and potential for circularity, has become a key resin in the quest for eco-friendly packaging materials.
- Post-pandemic, there was a significant shift toward healthy and hygienic product packaging. Owing to its eco-friendly nature, PET became a better choice as a packaging material for packaging healthy organic products.
- As reported by Agriculture and Agri-Food Canada, retail sales of organic beverages in Mexico are projected to soar to USD 35 billion, a substantial leap from USD 24.8 million in 2022. This upward trajectory is anticipated to continue during the forecast period, fueling the demand for sustainable PET bottles in the organic beverage industry.
Rising Demand For Food Packaging Drives the Market
- Mexico boasts a rich tapestry of dining options, from time-honored eateries to contemporary restaurants. The food and beverage industry has grown significantly, encompassing restaurants, fast-food outlets, cafes, supermarkets, and street food vendors. This can be attributed to shifting consumer lifestyles, increasing emphasis on convenience, and varied packaging choices.
- Ranked among the world's top ten producers of packaged food, Mexico plays a pivotal role as a significant exporter. Notably, Mexico emerged as the leading food supplier to the United States, providing a substantial portion of its imported agri-food products. With a rising trend of Mexican consumers purchasing packaged food, many producers are ramping up their capacities to meet the burgeoning demand.
- Consumer demand for convenience food products is propelling US packaged food imports, even as high inflation in Mexico sways purchasing choices. Leading product prospects encompass private-label offerings across all categories, particularly dairy, including cheese, convenience foods, health-centric foods, and plant-based options.
- According to the Organic Trade Association, organic packaged food sales in Mexico totaled USD 63 million in 2021 and are projected to reach USD 84 million by 2025. This is expected to bolster the demand for rigid plastic food packaging options during the forecast period.
Mexico Rigid Plastic Packaging Industry Overview
The Mexican rigid plastic packaging market is fragmented. It comprises several global and regional players competing for attention in a contested space. Major market players include Amcor Rigid Packaging Mexico, Grupo Phoenix, and Aptar Group Inc.
- January 2024: ALPLA Group, a global leader in packaging and recycling, acquired Fortiflex, a Puerto Rico-based packaging specialist. This move underscored ALPLA's commitment to ramping up the production of large-volume plastic packaging across Latin America. Fortiflex Inc. has been a trusted partner of ALPLA for several years, collaborating on a diverse range of products, including buckets, lids, crates, and tubs. Their joint operations span Puerto Rico, Costa Rica, and the Dominican Republic.
Mexico Rigid Plastic Packaging Market Leaders
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Amcor Rigid Packaging Mexico
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Grupo phoenix
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Aptar Group Inc
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GREIF Inc.
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ALPLA Mexico S.A. de C.V. (ALPLA GROUP)
*Disclaimer: Major Players sorted in no particular order
Mexico Rigid Plastic Packaging Market News
- November 2023: Amcor, globally recognized for its dedication to producing responsible packaging solutions, signed a memorandum of understanding (MOU) with NOVA Chemicals Corporation, a top player in sustainable polyethylene production. With NOVA Chemicals' prowess in sustainable polyethylene and Amcor's integration of mechanically recycled resin, the collaboration was expected to bolster the plastic packaging market in Mexico.
- May 2023: Greenback, a plastic recycling firm based in the United Kingdom, inaugurated an advanced recycling plant in Cuautla, Mexico, in collaboration with Nestlé Mexico. The company also announced intentions to implement its chemical recycling technology across various regions in Mexico, throughout Latin America, and globally, targeting areas with excess plastic scrap.
Mexico Rigid 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 Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Trade Scenario
4.4.1 Trade Analysis (Top 5 Import-Export Countries)
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Demand For Bottled Water and Carbonates-Based Products
5.1.2 Industrial Sector Expected to Rebound Steadily Over the Next Few Years
5.2 Market Challenges
5.2.1 Environmental and Cost Challenges
6. MARKET SEGMENTATION
6.1 By Resin Type
6.1.1 Polyethylene (PE)
6.1.1.1 Low-Density Polyethylene (LDPE) & Linear Low-Density Polyethylene (LLDPE)
6.1.1.2 High Density Polyethylene (HDPE)
6.1.2 Polyethylene terephthalate (PET)
6.1.3 Polypropylene (PP)
6.1.4 Polystyrene (PS) and Expanded polystyrene (EPS
6.1.5 Polyvinyl chloride (PVC)
6.1.6 Other Resin Types
6.2 By Product Type
6.2.1 Bottles and Jars
6.2.2 Trays and Containers
6.2.3 Caps and Closures
6.2.4 Intermediate Bulk Containers (IBCs)
6.2.5 Drums
6.2.6 Pallets
6.2.7 Other Product Types
6.3 By End-use Industries
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
6.3.2 Foodservice
6.3.3 Beverage
6.3.4 Healthcare
6.3.5 Cosmetics and Personal Care
6.3.6 Industrial
6.3.7 Building and Construction
6.3.8 Automotive
6.3.9 Other End User Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Amcor Rigid Plastics De Mexico
7.1.2 Grupo Phoenix
7.1.3 ALPLA Mexico SA de CV (ALPLA Group)
7.1.4 Greif Inc.
7.1.5 Aptar Group Inc.
7.1.6 Berry Global Mexico
7.1.7 Sonoco Mexico Products Company
7.1.8 Coexpan Mexico SA de CV (COEXPAN SA)
7.1.9 Monoflo International
7.1.10 Schütz ELSA, SA de CV
7.2 Heat Map Analysis
7.3 Competitor Analysis - Emerging vs. Established Players
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OUTLOOK
Mexico Rigid Plastic Packaging Industry Segmentation
The study tracks the demand for rigid plastic packaging materials across various end-user industries, such as food, foodservice, beverages, healthcare, personal care, cosmetics, industrial, building and construction, and automotive. Rigid plastics can be of different grades and different material combinations based on the type of product being packed, like polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and bio-plastics.
The Mexican rigid plastic packaging market is segmented by resin type (polyethylene (PE) (low-density polyethylene (LDPE) & linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE)), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS) and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other resin types), product type (bottles and jars, trays and containers, caps and closures, intermediate bulk containers (IBCs), drums, pallets, and other product types), and end-user industry (food (candy & confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products), foodservice, beverages, healthcare, cosmetics and personal care, industrial, building and construction, automotive, and other end-user industries). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.
| By Resin Type | ||||
| ||||
| Polyethylene terephthalate (PET) | ||||
| Polypropylene (PP) | ||||
| Polystyrene (PS) and Expanded polystyrene (EPS | ||||
| Polyvinyl chloride (PVC) | ||||
| Other Resin Types |
| By Product Type | |
| Bottles and Jars | |
| Trays and Containers | |
| Caps and Closures | |
| Intermediate Bulk Containers (IBCs) | |
| Drums | |
| Pallets | |
| Other Product Types |
| By End-use Industries | ||||||||||
| ||||||||||
| Foodservice | ||||||||||
| Beverage | ||||||||||
| Healthcare | ||||||||||
| Cosmetics and Personal Care | ||||||||||
| Industrial | ||||||||||
| Building and Construction | ||||||||||
| Automotive | ||||||||||
| Other End User Industries |
Mexico Rigid Plastic Packaging Market Research FAQs
How big is the Mexico Rigid Plastic Packaging Market?
The Mexico Rigid Plastic Packaging Market size is expected to reach 1.99 million tonnes in 2024 and grow at a CAGR of 4.03% to reach 2.42 million tonnes by 2029.
What is the current Mexico Rigid Plastic Packaging Market size?
In 2024, the Mexico Rigid Plastic Packaging Market size is expected to reach 1.99 million tonnes.
Who are the key players in Mexico Rigid Plastic Packaging Market?
Amcor Rigid Packaging Mexico, Grupo phoenix, Aptar Group Inc, GREIF Inc. and ALPLA Mexico S.A. de C.V. (ALPLA GROUP) are the major companies operating in the Mexico Rigid Plastic Packaging Market.
What years does this Mexico Rigid Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Mexico Rigid Plastic Packaging Market size was estimated at 1.91 million tonnes. The report covers the Mexico Rigid Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Rigid Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Rigid Plastic Packaging Industry Report
Statistics for the 2024 Mexico Rigid Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Rigid Plastic Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Mexico Rigid Plastic Packaging Market Report Snapshots
