Mexico Rigid Plastic Packaging Market Size (2024 - 2029)

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 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.