Mexico Flexible Packaging Market Report and Forecast 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