Mexico Flexible Plastic Packaging Market Size (2024 - 2029)

Mexico Flexible Plastic Packaging Market Analysis

The Mexico Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.57 Million tonnes in 2024 to 0.73 Million tonnes by 2029, at a CAGR of 5.07% during the forecast period (2024-2029).

Flexible packaging solutions, known for their lightweight nature and convenience, are crucial in preserving product freshness. Their adaptability across various product categories has significantly boosted demand in Mexico. This form of packaging offers economic advantages and allows for a high degree of customization. In Mexico, the popularity of flexible plastic packaging is on the rise, largely due to its efficiency and cost-effectiveness.

• The rising population in Mexico and growing purchasing power and accessibility of products have fueled a notable uptick in consumer demand for various packaged goods. This heightened demand spans items like beverages, cosmetics, personal care products, and pharmaceuticals, consequently boosting the need for flexible plastic packaging.
• The Mexican food and beverage sector is witnessing growth, driven by increasing tourism, a growing appetite for snacked and processed foods, and a booming food service industry. This, in turn, is fueling the demand for lightweight and convenient flexible plastic packaging solutions.
• Stand-up pouches, favored for their ability to keep food fresh for extended periods and their effective barrier against moisture and oxygen, are in high demand for food packaging in Mexico. Manufacturers in the flexible plastic packaging sector stand to gain significantly by focusing on product innovations, especially in eco-friendly stand-up pouches, aligning with the evolving market preferences.
• However, the Mexican market faces a notable challenge in the form of rising plastic prices. Fluctuations in resin costs, particularly for materials like polyethylene (PE), polyvinyl chloride (PVC), and bi-oriented polypropylene (BOPP), driven by both heightened demand and production variations, can potentially impact the Mexican flexible packaging market.

Mexico Flexible Plastic Packaging Industry Segmentation

The study on the Mexican flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material and tracks the market size for respective end-user types. The estimates for the Mexican flexible plastic packaging market include all the costs associated with flexible plastic packaging manufacturing, from raw material procurement to end-use industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using both bottom-up and top-down approaches for segmentation, and volume has also been taken into consideration.

The Mexico Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture]).The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.