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Mexico Flexible Packaging Market Size, Share, Growth, Forecast: By Material: Plastic, Paper, Aluminium, Others; By Product Type: Printed Rollstock, Preformed Bags, Pouches, Others; By Application: Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Others; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Mexico Flexible Packaging Market Outlook
The Mexico flexible packaging market size reached nearly USD 2.58 billion in 2023. The market is projected to grow at a CAGR of 3.8% between 2024 and 2032 to reach a value of around USD 3.59 billion by 2032.
Key Trends in the Market
Flexible packaging refers to a type of packaging which uses non-rigid packaging products. The shape of flexible packaging solutions can be readily changed, making them convenient to carry, use, and transport.
- The thriving food and beverage sector in Mexico is driving the demand for flexible packaging to preserve the freshness of food items and extend their shelf life. Hence, the increasing demand for packaged Mexican snacks, such as Takis, Duvalin, and Ganistos, among others, is driving the Mexico flexible packaging market growth.
- Flexible packaging is economical and easy to transport. In this regard, the increasing demand for efficient packaging products by businesses to enhance their scalability and profitability is further propelling the market growth.
- Growing expansion of e-commerce platforms, including Mercado Libre, Amazon, Walmart, Coppel, and Liverpool, among others, across Mexico is driving the usage of flexible packaging solutions as they reduce the amount of packaging wastage, can withstand rough handling, and are cost-effective. The Increasing demand for consumer goods via online and offline channels is a crucial Mexico flexible packaging market trend.
Market Analysis
Based on material, the market is segmented into plastic, paper, and aluminium, among others. On the basis of product type, the market is classified into printed rollstock, preformed bags, and pouches, among others. By application, the Mexico flexible packaging market segmentation includes food and beverages, personal care and cosmetics, and pharmaceuticals, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Mexico flexible packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Amcor Plc
- Berry Global Inc.
- Sealed Air Corporation
- Winpak Ltd.
- Flexitek de México, SA de CV
- Constantia Flexibles
- Grupo Lantero
- Altopro S. de R.L. de C.V.
- Transcontinental Inc.
- Others
Market Share by Product Type
Pouches account for a significant portion of the Mexico flexible packaging market share. Flexible pouches can protect the contents from moisture, vapour, odour, pests, and air, among other environmental components. Hence, they are increasingly used in the food and beverage sector to enhance the shelf life of food, maintain its freshness, and preserve its nutritional content.
Market Share by Application
The robust growth of the pharmaceuticals sector is likely to generate a significant demand for flexible packaging in the coming years. Flexible packaging makes it possible to include information such as details about the usage, dosage, and contents of drugs. This factor brings convenience and trust among the patients, leading to a heightened growth of this segment.
Over the forecast period, the anticipated expansion of the pharmaceutical sector, owing to the increasing prevalence of chronic diseases, is likely to bolster the Mexico flexible packaging market demand.
Competitive Landscape
Amcor Plc is a leading global packaging company which offers packaging solutions for various sectors, including food, healthcare, home care, and personal care, among others. Its origin dates back to 1860s and it is headquartered in Zurich, Switzerland.
Berry Global Inc. is a company which manufactures and markets high-quality plastic packaging products, such as containers, tubes, pots, jars, and tapes and adhesives, among others. It was established in 1967 and is headquartered in Indiana, the United States.
Sealed Air Corporation is a leading packaging company which offers food and protective packaging products, food equipment, medical components, and dispensers, among others. The company was founded in 1960 and is headquartered in North Carolina, the United States.
Other Mexico flexible packaging market players include Winpak Ltd., Flexitek de México, SA de CV, Constantia Flexibles, Grupo Lantero, Altopro S. de R.L. de C.V., and Transcontinental Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
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| Breakup by Product Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Mexico Flexible Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Mexico Flexible Packaging Historical Market (2018-2023)
8.3 Mexico Flexible Packaging Market Forecast (2024-2032)
8.4 Mexico Flexible Packaging Market by Material
8.4.1 Plastic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Paper
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Aluminium
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Mexico Flexible Packaging Market by Product Type
8.5.1 Printed Rollstock
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Preformed Bags
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pouches
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Mexico Flexible Packaging Market by Application
8.6.1 Food and Beverages
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Personal Care and Cosmetics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Pharmaceuticals
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyers Powers
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Amcor Plc
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Berry Global Inc.
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Sealed Air Corporation
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Winpak Ltd.
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Flexitek de México, SA de CV
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Constantia Flexibles
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Grupo Lantero
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 Altopro S. de R.L. de C.V.
10.2.8.1 Company Overview
10.2.8.2 Product Portfolio
10.2.8.3 Demographic Reach and Achievements
10.2.8.4 Certifications
10.2.9 Transcontinental Inc.
10.2.9.1 Company Overview
10.2.9.2 Product Portfolio
10.2.9.3 Demographic Reach and Achievements
10.2.9.4 Certifications
10.2.10 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Flexible Packaging Market: Key Industry Highlights, 2018 and 2032
2. Mexico Flexible Packaging Historical Market: Breakup by Material (USD Billion), 2018-2023
3. Mexico Flexible Packaging Market Forecast: Breakup by Material (USD Billion), 2024-2032
4. Mexico Flexible Packaging Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Mexico Flexible Packaging Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Mexico Flexible Packaging Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Mexico Flexible Packaging Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Mexico Flexible Packaging Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 2.58 billion in 2023.
The market is estimated to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.59 billion by 2032.
The thriving food and beverage sector in Mexico, the increasing demand for efficient packaging products to enhance the profitability of businesses, and the rising demand for flexible packaging materials from the pharmaceutical sector are the major drivers of the market.
The key trends in the market include the growing expansion of e-commerce companies across Mexico, the rising demand for flexible pouches in the pharmaceuticals sector, and the increasing demand for consumer goods.
Plastic, paper, and aluminium, among others, are the different materials used in flexible packaging.
Printed rollstock, preformed bags, and pouches, among others, are the major applications of the market.
Amcor Plc, Berry Global Inc., Sealed Air Corporation, Winpak Ltd., Flexitek de México, SA de CV, Constantia Flexibles, Grupo Lantero, Altopro S. de R.L. de C.V., and Transcontinental Inc., among others, are the key market players.
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