According to the report by Expert Market Research (EMR), the Mexico Flexible Packaging Market Size reached a value of USD 2.58 billion in 2023. Aided by the surging demand in the food and beverage sector, along with the expanding e-commerce sector, the market is projected to further grow at a CAGR of 3.8% between 2024 and 2032 to reach a value of USD 3.59 billion by 2032.
Flexible packaging, characterised by its malleability, includes products such as pouches, bags, films, and envelopes, primarily made from materials like plastic, paper, or aluminium foil. The inherent advantages of flexible packaging, including lightweight, enhanced shelf life, and reduced material usage, make it an increasingly preferred choice across various industries, especially in the fast-moving consumer goods (FMCG) sector.
A key propellant for the Mexico flexible packaging market growth trajectory is the burgeoning food and beverage sector in the country. With urbanisation and changing lifestyles, there’s a notable inclination towards packaged foods, given their convenience and longer shelf life. Flexible packaging, with its superior barrier properties and lightweight, ensures the freshness of these food products, driving its demand in the sector.
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Furthermore, the e-commerce boom in Mexico acts as a pivotal stimulant for Mexico flexible packaging market expansion. The soaring online shopping trends, expedited by digital transformation and increased smartphone penetration, have resulted in a substantial demand for flexible packaging solutions, especially for the shipment of perishable goods and fragile items.
Mexico’s commitment to sustainability has also paved the way for innovations in the flexible packaging sector. The increasing demand for eco-friendly packaging solutions made from biodegradable materials or those with reduced carbon footprints has pushed manufacturers to evolve and adapt, further boosting the Mexico flexible packaging market share.
Moreover, Mexico’s position as a prominent exporter in the global market, especially in sectors like agriculture and automotive, necessitates advanced packaging solutions. Flexible packaging, with its ability to reduce transportation costs due to its lightweight, has emerged as a favoured choice for exporters. The trend towards smaller, single-serve packaging portions is driven by changing consumer lifestyles, increasing urbanisation, and the rise of on-the-go consumption habits. Flexible packaging formats that offer convenient single servings and portion control options cater to this demand, particularly in the food and beverage sector.
As per the Mexico flexible packaging market analysis, the consistent research and development efforts aiming to produce sustainable packaging alternatives and the government’s push towards a circular economy model offer optimistic growth avenues for the market. Additionally, as Mexico continues to solidify its reputation as a significant player in the global export arena, the demand for efficient packaging solutions will invariably witness an upswing.
As per the Mexico flexible packaging market outlook, ESL packaging solutions, such as modified atmosphere packaging (MAP) and vacuum packaging, are gaining traction in Mexico, particularly in the food and beverage sector. These packaging formats help extend the shelf life of perishable products, reduce food waste, and meet consumer expectations for freshness and quality.
Collaboration between packaging manufacturers, brand owners, retailers, and recycling stakeholders is becoming increasingly important to drive sustainability initiatives and circular economy practices in the flexible packaging value chain. Partnerships focused on the collection, sorting, and recycling of flexible packaging waste are essential for achieving a more sustainable packaging ecosystem in Mexico.
Regulatory changes and government initiatives in flexible packaging market in Mexico aimed at reducing packaging waste and promoting recycling are shaping the flexible packaging market in Mexico. Manufacturers are adapting to new regulations on labelling, material composition, and extended producer responsibility (EPR) to ensure compliance and minimise environmental impact.
Mexico Flexible Packaging Market Segmentation
The market can be divided based on material, product type, and application.
Market Breakup by Material
- Plastic
- Paper
- Aluminium
- Others
Market Breakup by Product Type
- Printed Rollstock
- Preformed Bags
- Pouches
- Others
Market Breakup by Application
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Others
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Competitive Landscape of Mexico Flexible Packaging Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Mexico flexible packaging market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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