Mexico Plastic Caps and Closures Market Size (2024 - 2029)

The Mexico plastic caps and closures market is experiencing growth driven by consumer demand for safety features that protect against theft, tampering, contamination, and counterfeiting. This has led to an increased preference for high-value dispensing and child-resistant closures. The market size is also influenced by the shift from glass to plastic packaging, supported by technological advancements in production. Despite challenges posed by environmental concerns and the COVID-19 pandemic, which raised questions about virus survival on plastics, the market is poised for expansion due to opportunities from new trade agreements and the rising demand in the food and pharmaceutical sectors.

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Market Size of Mexico Plastic Caps and Closures Industry

mexico cans and closures
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %
Market Concentration Medium

Major Players

Mexico Plastic Caps and Closures Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mexico Plastic Caps & Closures Market Analysis

The Mexico plastic caps and closures market is expected to register a CAGR of 4% during the forecast period (2021-2026). Key trends that are becoming increasingly important to today's consumers in Mexico are caps and closures that provide safety from theft, tampering, contamination, and counterfeiting. The result of this trend has been a growing demand for high value dispensing and child-resistant closures (CRCs).

  • Another factor affecting caps and closures demand is the continued shift from the use of glass bottles and jars to plastic packaging. Advances in technology and production (e.g., hot-fill processing and barrier technologies) have allowed gains in plastic bottles and jars from glass alternatives.
  • According to Mexico's National Institute of Statistics and Geography (Instituto Nacional de Estadística y Geografía or INEGI), Mexico's economy grew 2.0 percent in 2018, while the value of total production in the plastics industry grew by 6.9 percent. In 2019, this industry faced the challenge of a more environmentally conscious society. Despite that, manufacturers see an opportunity to rebound to higher growth rates as Mexico negotiates additional free trade agreements with key economies.
  • The food industry is one of the significant contributors to the caps and closures market in Mexico. The increased demand for packaged food and pharmaceutical products may drive market growth during the spread of COVID-19. However, claims regarding the survival of the virus up to 72 hours on materials, such as plastic and stainless steel, may hamper growth.

Mexico Plastic Caps & Closures Industry Segmentation

Caps/closures are manufactured by either the injection molded process or the compression molded process. Plastic caps/closures are made using various raw materials (resins) like PET, PP, HDPE, LDPE, and others. Of the total caps and closures market, plastic caps and closures have 70% of the market share. The rest is split between metal, metal-plastic, and rubber/cork.

Material
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Other Types of Materials
Type
Threaded
Dispensing
Unthreaded
Child-Resistant
End User Industry
Beverage
Food
Pharmaceutical and Healthcare
Cosmetics and Toiletries
Household Chemicals (Detergents, Cleaners, Soaps, and Polishes)
Other End-user Industries
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Mexico Plastic Caps and Closures Market Size Summary

The Mexico plastic caps and closures market is experiencing a steady growth trajectory, driven by evolving consumer preferences and technological advancements. The demand for caps and closures that ensure safety from theft, tampering, contamination, and counterfeiting is on the rise, with a particular emphasis on high-value dispensing and child-resistant closures. The shift from glass to plastic packaging is further propelling market expansion, supported by innovations in hot-fill processing and barrier technologies. The food and beverage industries are significant contributors to this market, with the beverage sector leading due to the increasing consumption of bottled water and non-carbonated drinks. The growing health consciousness among consumers is also influencing the demand for single-serving beverage bottles, which are becoming more popular for fruit juices and enhanced waters.

Regulatory measures and environmental concerns are shaping the market dynamics, with initiatives against single-use plastics prompting a shift towards recyclable options like PET caps and closures. The rise in packaged food consumption, particularly in bakery and frozen processed foods, is positively impacting market growth. Mexico's robust production of key plastics and its leading recycling ratio in Latin America underscore the country's pivotal role in the industry. However, environmental regulations are encouraging the adoption of more sustainable materials, such as High-Density Polyethylene (HDPE). The market is moderately concentrated, with key players focusing on product innovation and strategic partnerships to enhance their offerings and expand their market presence.

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Mexico Plastic Caps and Closures Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Market Drivers

    5. 1.5 Market Restraints

    6. 1.6 Assessment of Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Polyethylene (PE)

      2. 2.1.2 Polyethylene Terephthalate (PET)

      3. 2.1.3 Polypropylene (PP)

      4. 2.1.4 Other Types of Materials

    2. 2.2 Type

      1. 2.2.1 Threaded

      2. 2.2.2 Dispensing

      3. 2.2.3 Unthreaded

      4. 2.2.4 Child-Resistant

    3. 2.3 End User Industry

      1. 2.3.1 Beverage

      2. 2.3.2 Food

      3. 2.3.3 Pharmaceutical and Healthcare

      4. 2.3.4 Cosmetics and Toiletries

      5. 2.3.5 Household Chemicals (Detergents, Cleaners, Soaps, and Polishes)

      6. 2.3.6 Other End-user Industries

Mexico Plastic Caps and Closures Market Size FAQs

The Mexico Plastic Caps and Closures Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

Albéa Reynosa, Silgan Holdings Inc.​, BERICAP North America Inc., Essel and Guala Closures Mexico S.A. DE C.V. are the major companies operating in the Mexico Plastic Caps and Closures Market.

Mexico Plastic Caps and Closures Report Snapshots

Mexico Plastic Caps and Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)