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Packaging Industry in Mexico Market 2019-2024 Comprehensive Analysis of Leading Key Players with Significant Growth Rate and Gross Margin Forecast to 2024

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Packaging Industry in Mexico

Packaging Industry in Mexico Market” report provides an in-depth research of market-based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Packaging Industry in Mexico Market is comprehensively prepared with main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It also analyzes the current and future prospect of Packaging Industry in Mexico Market.

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Key Insights of Packaging Industry in Mexico Market:

  • Complete in-depth analysis of the Packaging Industry in Mexico
  • Important changes in market dynamics.
  • Segmentation analysis of the market.
  • Emerging segments and regional markets.
  • Historical, on-going, and projected market analysis based on volume and esteem.
  • Assessment of niche industry players.
  • Market share analysis.
  • Key strategies of major players

Market Overview:

  • An enhanced and upgraded economic performance in the region, compounded by a progressively sophisticated consumer and a greater purchasing power, has molded the way of the packaging market in Mexico. The outcome is the appearance or emergence of higher quality packaging, offering convenience and graphic appeal. More than 75% of all finished products in Mexico need packaging, of these, 90% are in the food and drinks category. Confirming Mexico’s significance to the global industry, its paper packaging segment has seen robust M&A activity as well as investment in new dimensions. This growth and expansion have not yet kept speed with demand, as a substantial amount of its apparent consumption is achieved and satisfied with imports.
  • – In addition to a developing middle class, improving conditions among poorer customers have fuelled robust expansion in packaging volumes, creating a key opportunity for packaging firms. The industry offers an extensive and diverse range of opportunities where beverages, food processing, personal care, and pharmaceutics are the main sectors.
  • – The foremost market driver has been the demand for an elongated shelf life of products and varying and changing the lifestyle of people. Additionally, the shelf life can be augmented by protecting products from potential deteriorating agents, such as oxygen, microbes, and moisture. To defend and guard the products, businesses need a cost-effective packaging solution, and at the same period, provide adequate protection to the product.
  • – Packaging has longer and superior barrier abilities and can effectually defend the product from moisture and oxygen. Though, concerns about the environment and recycling are anticipated to restrict and limit the market growth.

    Packaging Industry in Mexico Market Segmentation by Top Key Players:

  • Amcor Limited
  • Mondi PLC
  • Wipak Group
  • Sit Group SpA
  • Phoenix Closures Inc.
  • Glenroy Inc.
  • Fres-co System USA Inc.
  • JL Packaging Corporation
  • Belmark Inc.
  • Printpack Inc.
  • Bemis Company Inc.
  • Constantia Flexibles Group
  • Innovia Films Mexico S.A. de C.V.

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    Scope of the Report:

  • The packaging is a portion of the multi-faceted system for providing products from the point of manufacture to the point of consumption. Its principal purpose is to guard the product and ensure it is delivered safely and securely and in flawless and perfect condition to the end user (manufacturer of product or consumer). Its role in a circular economy is to sustain the value in a product for as long as required and to help remove product waste. It is a sector ripe for future and upcoming innovation.
  • Key Market Trends:

    Increasing Industrial Demand for Down Gauging to Drive the Market

    – Packaging has been preferred in many instances, owing to its low usage of resources and energy, as compared to alternative forms of packaging methods. It provides significant performance advantages over rigid packagings, such as significant reductions in packaging costs, materials used, and transportation costs. Flexible packaging for commodity goods and services requires large volumes of raw materials, despite the low-profit-margin for product polymer manufacturers, as there are a plethora of raw material suppliers in the industry to cater to this demand.
    – The price of plastic feedstocks is subject to the variability of the global hydrocarbon market, which determines the price and the costs incurred by plastic polymer manufacturers. To counter this, packaging manufacturers have searched for alternatives, to provide a much better solution, which has a reduced impact on the environment, and which is expected to produce higher efficiency.
    – Down gauging refers to reducing the amount of material in a product, while still maintaining, or even improving the properties of the material. Improved plastics have been recognized to offer tremendous down gauging opportunities in packaging. A gram or two saved in the weight of a package has been identified to have an enormous impact on the environment, and the energy efficiency obtained when considering millions of individual packages produced annually.

    Food & Beverage End-user Segment to Have the Largest Market Share

    – The steady decline in poverty rates, coupled with a growing middle-class population, has led to the growth of the food industry in Mexico. Packaged food products have recorded high growth, owing to the growing need for convenience and ‘on-the-go’ lifestyle of the local populace.
    – Packaging companies around the world are manufacturing packages that help achieve these objectives so that food manufacturer can safely transport and sell their products to end customers. Mexico is witnessing the fastest growth for retail packaging in the food sector, after Brazil, in Latin America.
    – Owing to the slump in soft drink consumption in North America and Europe, Mexico is seen as a potential market. Though carbonated soft drinks sales are declining, due to growing conscientious population, high growth is witnessed in the RTD drinks, energy drinks, and fruit juices.
    – From morning juice to rejuvenating drinks, consumers currently are spending more on products that are safe to consume to keep them refreshed. On the other hand, the consumption of alcoholic drinks in this country is on the rise, due to low taxes, unregulated marketing, and flexible government policies.
    – This country has one of the highest per capita consumers of alcohol and there is a surge in the demand for packaging. The packaging for alcohol has increased the portability in the supply chain, allowing consumers to consume at their comfort.

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    Packaging Industry in Mexico Market Covers Following Points in TOC:

    • Chapter 1: Packaging Industry in Mexico Market Definition
    • Chapter 2: Research Methodology of Packaging Industry in Mexico Market
    • Chapter 3: Packaging Industry in Mexico Market Executive Summary
    • Chapter 4: Packaging Industry in Mexico Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Packaging Industry in Mexico Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Packaging Industry in Mexico Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Packaging Industry in Mexico Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Packaging Industry in Mexico Market

     

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