Mexico Glass Bottles Market Report and Forecast 2024-2032

Mexico Glass Bottles Market Outlook

The Mexico glass bottles market size reached USD 565.46 million in 2023. The market is projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching almost USD 858.99 million by 2032.

Key Takeaways:

• The demand for glass bottles rose by 11% in the first quarter of 2022-23 in Mexico.

• Shortage of glass bottles was faced despite a 7.1% y-o-y increase in production. 

• There are 94 glass bottle plants in Mexico, which operate at a capacity of 95%.

The increase in demand for glass bottles in Mexico is driven by an increase in the production of tequila, sauces, jams, and mayonnaise, and beer, among others. Since glass is a non-toxic and chemical-free packaging material which boosts the aesthetic appeal of the product and enhances its shelf life, it finds increasing application in the food and beverage industry.

As concerns surrounding sustainability are beginning to play an integral role in influencing consumer purchase decisions, the popularity of glass is expected to grow due to its recyclability. Driven by these factors, the Mexico glass bottles market growth is expected to record an upward trajectory over the forecast period.

The Mexican beer industry is one of the largest end users of glass bottles as they facilitate branding and labelling operations. In order to drive circular economic development in Mexico, major beer companies like Grupo Modelo are aiming to enhance their capacity to produce glass bottles by investing in the construction of new facilities and expanding their existing network. This is expected to accelerate the Mexico glass bottles market expansion.

Moreover, collaboration across various key industries is expected to facilitate the recovery and recycling of glass bottles from consumers and drive the domestic consumption of recycled bottles for various purposes, thereby driving the market growth.

Market Segmentation

Mexico Glass Bottles Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Type I

• Type II

• Type III

Market Breakup by Application

• Beverage

• Food 

• Personal Care and Cosmetics

• Pharmaceutical

• Chemicals

• Others

Market Breakup by Region

• Baja California

• Northern Mexico

• The Bajío

• Central Mexico

• Pacific Coast

• Yucatan Peninsula

The key market players are Seekbottles, Vitro, S.A.B de C.V, Jocoglass, OI Glass, Inc., Saverglass Group, Fevisa Industrial, S.A. de C.V., MJS Packaging, Glassnow, Vetropack Holding Ltd, and Verallia Packaging, among others.

Key Highlights of the Report