Mexico Flexible Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.59 Billion |
| Market Size (2029) | USD 4.47 Billion |
| CAGR (2024 - 2029) | 4.49 % |
| Market Concentration | Low |
Major Players.webp "Mexico Flexible Packaging Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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Mexico Flexible Packaging Market Analysis
The Mexico Flexible Packaging Market size is estimated at USD 3.59 billion in 2024, and is expected to reach USD 4.47 billion by 2029, growing at a CAGR of 4.49% during the forecast period (2024-2029).
- The need for lightweight, convenient solutions across key sectors such as food and beverages, pharmaceuticals, and e-commerce primarily drives the surge in demand for flexible packaging in Mexico. Rising incomes, urbanization, and evolving consumer preferences further fuel this demand. As more consumers seek convenience and portability, the packaging industry has responded with innovative solutions that cater to these needs.
- Over the past two decades, flexible packaging has experienced significant growth attributed to technological advancements, sustainability imperatives, and favorable economics. Consumers are increasingly valuing sustainability, leading to a shift from traditional rigid packaging to more eco-friendly, flexible alternatives. This shift is driven by sustainability concerns and the need for packages that are both consumer-friendly and offer enhanced product protection. The development of new materials and technologies has enabled manufacturers to create functional and environmentally responsible packaging.
- Moreover, the demand for on-the-go packaging solutions is rising in Mexico. Manufacturers are responding by offering a variety of sizes and shapes that are not only easy to handle but also boast innovative features, such as high-barrier films that shield against moisture, making them particularly appealing to the pharmaceutical sector. These high-barrier films ensure that products remain fresh and effective for longer periods, which is crucial for maintaining the integrity of pharmaceutical products.
- Challenges loom while the demand for flexible packaging, driven by its cost-effectiveness and versatility, is set to soar in Mexico. Environmental concerns and governmental restrictions on single-use plastics hinder the market's growth trajectory. The industry must navigate these challenges by continuing to innovate and develop sustainable packaging solutions that meet regulatory requirements and consumer expectations.
Mexico Flexible Packaging Market Trends
Pouches are Expected to Hold Significant Share
- Pouches play a pivotal role in the food and beverages segment, finding applications in pet food, baby food, and liquid packaging (such as tea, coffee, and juices). Beyond F&B, pouches are gaining traction in e-commerce, pharmaceuticals, and cosmetics, lauded for their safety, convenience, and subsequent market growth. Their versatility makes them suitable for various products, enhancing their appeal across various industries.
- As the packaging industry pivots toward heightened recyclability, there is a notable shift from multi-material to mono-material structures. This transition aims to simplify the recycling process and reduce environmental impact. Leading the charge, companies like Amcor are rolling out innovative, sustainable packaging solutions, particularly in Latin America, aiming to boost sales and align with evolving environmental norms. Amcor's commitment to sustainability includes developing packaging that meets the highest recyclability standards without compromising performance or aesthetics.
- E-commerce entities increasingly turn to pouch packaging, recognizing its efficiency and cost-effectiveness. Pouches offer superior protection and ease of handling, which is critical in the fast-paced e-commerce environment. This trend is especially pronounced in a country witnessing a burgeoning e-commerce landscape, offering a promising avenue for market expansion. According to the International Trade Administration, the e-commerce sector's growth is expected to drive significant demand for flexible packaging solutions like pouches.
- Pouch-packaged products' durability and logistical ease are key drivers for the demand for flexible packaging. Pouches provide excellent barrier properties, ensuring product freshness and extending shelf life. Additionally, pouches are cost-effective for manufacturers and tout a lightweight nature, making them a preferred choice over traditional formats like PET packaging. In 2023, Mexico's cosmetics and personal care product exports hit approximately USD 2.7 billion, slightly increasing from 2022's USD 2.6 billion, signaling a steady sectoral growth. This rise underscores the mounting international appetite for Mexican beauty and personal care offerings. The increase in export value reflects the growing global recognition of the quality and innovation inherent in Mexican cosmetic products.
Pharmaceuticals are Expected to Witness Significant Growth
- Pharmaceuticals' growing emphasis on modern packaging has prompted brands to use characteristic flexible packaging to safeguard drugs and enhance their visual appeal and marketability. In Mexico, the aesthetic allure of flexible plastic packaging stands out as a key driver for its adoption in pharmaceutical packaging. Flexible packaging offers several advantages, including lightweight properties, ease of transportation, and the ability to conform to various shapes, which makes it highly suitable for diverse pharmaceutical products.
- Also, advancements in printing technologies are amplifying the demand for flexible packaging in Mexico's pharmaceutical sector. High-definition printing allows for detailed and vibrant graphics, including critical information such as dosage instructions, expiration dates, and safety warnings. Companies like Amcor are at the forefront, offering patented, sustainable, child-resistant packaging solutions that present an eco-friendly alternative to traditional plastic packaging. These solutions meet regulatory requirements and address consumer concerns about safety and environmental impact.
- As the International Trade Administration highlighted, Mexico boasts a robust pharmaceutical market, ranking Latin America's second-largest, trailing only behind Brazil. The country's strategic location and well-established manufacturing infrastructure make it a pivotal player in the pharmaceutical supply chain. With Mexico witnessing a rise in medical equipment production and undergoing notable demographic shifts, the demand for pharmaceutical packaging is poised for a significant upsurge. The aging population and increasing prevalence of chronic diseases drive the need for more sophisticated and reliable packaging solutions.
- Demand for pharmaceuticals is rising, directly translating to an increased appetite for flexible packaging solutions. In 2023, Mexico's pharmaceutical exports hit a record high of around USD 2.3 billion, a notable leap from the USD 1.85 billion recorded in 2014. This surge underscores Mexico's growing importance in the global pharmaceutical market and highlights the critical role of innovative packaging solutions in supporting this growth. The continuous evolution of packaging technologies and materials will be essential in meeting the pharmaceutical industry's future demands.
Mexico Flexible Packaging Industry Overview
The Mexican flexible packaging market is fragmented, featuring prominent players such as Amcor PLC, Constantia Flexibles, Berry Global Inc., and Transcontinental. Regional companies are implementing strategic initiatives to enhance their market share, including mergers and acquisitions, expansions, and product launches. For instance, Amcor PLC focuses on sustainable packaging solutions, while Constantia Flexibles is expanding its production capabilities to meet increasing demand. Berry Global Inc. invests in advanced manufacturing technologies, and Transcontinental diversifies its product portfolio to serve various industries.
November 2023 - PAC Worldwide, a customized and contract packaging solution provider, opened its new flexible packaging facility in San Juan Vista, Mexico. PAC Worldwide would shift its operations from its Pedro Escobedo, Mexico location into the new full-service 83,000 sq. ft plant. The multinational corporation would produce various poly products and solutions from the plant, such as Mailjacket and Polyjacket mailers, pouches, roll film, and security bags.
Mexico Flexible Packaging Market Leaders
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Berry Global Inc.
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Amcor PLC
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Constantia Flexibles
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Sealed Air Corporation
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Innovia Films
*Disclaimer: Major Players sorted in no particular order
Mexico Flexible Packaging Market News
- February 2024: Crawford Packaging announced a partnership and distribution agreement in Central Mexico with StePacPPC, one of the global leaders in Modified Atmosphere Packaging (MAP) solutions for extending the shelf life of fresh produce. StePacPPC’s products are changing fresh produce packaging by naturally altering gas composition and controlling moisture, creating an environment that extends the product's shelf life, preserves freshness, and reduces spoilage in the supply chain.
- April 2024: ProMach, a North American packaging company, announced the acquisition of Etiflex, a Mexican label converter. The acquisition will likely expand ProMach's labeling and packaging capabilities throughout North America.
Mexico Flexible 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
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitutes products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Increasing Demand for Packaged Food and Beverage
- 5.1.2 Increasing Demand for Convenient and Portable Packaging
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5.2 Market Challenge
- 5.2.1 Concerns Regarding Environment and High Cost of Recycling
6. MARKET SEGMENTATION
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6.1 By Material Type
- 6.1.1 Plastic
- 6.1.1.1 Polyethene (PE)
- 6.1.1.2 Biaxially-oriented Polypropylene (BOPP)
- 6.1.1.3 Cast Polypropylene (CPP)
- 6.1.1.4 Other Types of Plastic (EVOH, PA, PVC, PS, and Bioplastic)
- 6.1.2 Paper
- 6.1.3 Aluminum
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6.2 By Product Type
- 6.2.1 Pouches
- 6.2.2 Bags
- 6.2.3 Films and Wraps
- 6.2.4 Other Product Types
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6.3 By End-user Industry
- 6.3.1 Food and Beverage
- 6.3.2 Personal Care and Cosmetics
- 6.3.3 Pharmaceuticals
- 6.3.4 Other End-user Industries
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles*
- 7.1.1 Amcor PLC
- 7.1.2 Transcontinental Inc.
- 7.1.3 Constantia Flexibles
- 7.1.4 Printpack Inc.
- 7.1.5 Flexitek de Mexico SA de CV
- 7.1.6 Berry Global Inc.
- 7.1.7 Sealed Air Corporation
- 7.1.8 Emsur Macdonell SAU
- 7.1.9 Winpak Ltd
- 7.1.10 Altopro SA de CV
- 7.1.11 Innovia Films
- 7.1.12 Sonoco Products Company
- 7.1.13 PO Empaques Flexibles SA de CV
- 7.1.14 Clifton Packaging SA de CV
- 7.1.15 FLAIR Flexible Packaging Corporation
- 7.1.16 Constantia Flexibles
- 7.1.17 Uflex Limited
- 7.1.18 Taghleef Industries
- 7.1.19 Huhtamaki OYJ
- 7.1.20 Mondi Group
- 7.1.21 Coexpan SA
- 7.1.22 ABA SA de CV
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Mexico Flexible Packaging Industry Segmentation
Flexible packaging packs products using nonrigid materials, allowing more economical and flexible options. The study aims to analyze and understand Mexico's flexible packaging market's current growth, opportunities, and challenges. The scope of market analysis is segmented by material type (plastic, paper, and aluminum), product type (pouches, bags, films, and wraps), and end-user industry (food and beverages, personal care and cosmetics, and pharmaceuticals). The market sizes and forecasts regarding value in (USD) for all the above segments are provided.
| By Material Type | Plastic | Polyethene (PE) |
| Biaxially-oriented Polypropylene (BOPP) | ||
| Cast Polypropylene (CPP) | ||
| Other Types of Plastic (EVOH, PA, PVC, PS, and Bioplastic) | ||
| By Material Type | Paper | |
| Aluminum | ||
| By Product Type | Pouches | |
| Bags | ||
| Films and Wraps | ||
| Other Product Types | ||
| By End-user Industry | Food and Beverage | |
| Personal Care and Cosmetics | ||
| Pharmaceuticals | ||
| Other End-user Industries |
Mexico Flexible Packaging Market Research FAQs
How big is the Mexico Flexible Packaging Market?
The Mexico Flexible Packaging Market size is expected to reach USD 3.59 billion in 2024 and grow at a CAGR of 4.49% to reach USD 4.47 billion by 2029.
What is the current Mexico Flexible Packaging Market size?
In 2024, the Mexico Flexible Packaging Market size is expected to reach USD 3.59 billion.
Who are the key players in Mexico Flexible Packaging Market?
Berry Global Inc., Amcor PLC, Constantia Flexibles, Sealed Air Corporation and Innovia Films are the major companies operating in the Mexico Flexible Packaging Market.
What years does this Mexico Flexible Packaging Market cover, and what was the market size in 2023?
In 2023, the Mexico Flexible Packaging Market size was estimated at USD 3.43 billion. The report covers the Mexico Flexible Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Flexible Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Flexible Packaging Industry Report
Statistics for the 2024 Mexico Flexible Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Flexible Packaging analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
