The Mexico flexible packaging market was valued at $3.1 billion in 2017, and is projected to reach $5.5 billion by 2027, registering a CAGR of 6.0% from 2023 to 2027. Flexible packaging refers to a type of packaging made from materials that are easily pliable such as plastic films, paper, aluminum foil, or a combination of these materials. It offers several advantages such as lightweight, cost-effectiveness, ease of storage, transportation, and disposal. In addition, it serves as a barrier to moisture, oxygen, light, and other external factors that affect product quality or shelf life. 
However, stringent government regulations on plastic packaging products pose significant challenges to the growth of flexible packaging in Mexico. As concerns about plastic pollution and environmental sustainability continue to escalate, governments around the world including Mexico, have implemented increasingly strict regulations aimed at reducing the use of single-use plastics and promoting more sustainable packaging alternatives. All these factors hamper the Mexico flexible packaging market growth.
The shift towards recyclable and biodegradable solutions in flexible packaging creates opportunities for innovation and differentiation within the market. Manufacturers leverage advancements in material science and packaging design to develop innovative solutions that offer both performance and sustainability benefits. Whether through bio-based polymers, compostable films, or hybrid materials that combine recyclability and biodegradability, there is ample room for creativity and experimentation to meet the diverse needs of customers and industries in Mexico. All these factors are anticipated to offer new growth opportunities for Mexico flexible packaging market during the forecast period.
On the basis of material, the paperboard segment accounted for two-fifths of Mexico flexible packaging market share in 2017 and is expected to maintain its dominance during the forecast period. Environmental concerns and sustainability initiatives have prompted a shift towards more eco-friendly packaging solutions. Paperboard, being a renewable and biodegradable material, aligns well with these objectives. Its recyclability and composability make it preferable option for brands and consumers that seeking to reduce their carbon footprint and minimize environmental impact. As a result, the demand for paperboard-based flexible packaging has surged, particularly in industries where sustainability is a priority.
On the basis of end-use industry, the food and beverage segment accounted for more than half of Mexico flexible packaging market share in 2017 and is expected to maintain its dominance during the forecast period. Flexible packaging offers superior design flexibility and printing capabilities, allowing brands to differentiate themselves on the shelf and communicate with consumers effectively. This adaptability enables innovative packaging designs such as resealable pouches, stand-up pouches, and portion-controlled packaging, catering to changing consumer preferences for convenience and portion control. Moreover, advancements in digital printing technology have made it easier and more cost-effective for brands to create eye-catching graphics, vibrant colors, and personalized packaging solutions, thereby enhancing brand visibility and consumer engagement.
Depending on packaging type, the films segment accounted for three-fifths Mexico flexible packaging market share in 2017 and is expected to maintain its dominance during the forecast period. The growing consumer preference for convenience and on-the-go consumption has fueled the demand for films in flexible packaging. Features such as resealable closures, easy-open tear notches, and portion-controlled packaging make flexible films ideal for modern lifestyles.
The key players in the Mexico flexible packaging market include Berry Global Inc., Folmex S.A. de C.V., Constantia Flexibles, EMSUR, FINPAK Flexibles, S.A. de C.V., FLAIR Flexible Packaging Corporation, Guala Pack S.p.a., Mondi, Sealed Air, and Sonoco. Apart from these major players, there are other key players in the Mexico flexible packaging industry. These include Excel Nobleza, Flex Films, aba S.A. de C.V., Graficos Mundial, Bluepack, and Plasticos Uribe.
Market Dynamics
The surge in e-commerce activities and the growing popularity of food delivery services in Mexico have significantly driven the demand for flexible packaging solutions. For instance, Napse a tech company that provides service solutions to retailers, reported that Mexico’s market share in food delivery amounts to almost 30% of the Latin American market. As more consumers turn to online platforms for their shopping needs, there is an increasing need for packaging that withstands the rigors of transportation while still effectively protecting the products inside. Flexible packaging offers the durability and versatility required for safe transit, ensuring that items reach consumers in optimal condition, regardless of the distance they travel.However, stringent government regulations on plastic packaging products pose significant challenges to the growth of flexible packaging in Mexico. As concerns about plastic pollution and environmental sustainability continue to escalate, governments around the world including Mexico, have implemented increasingly strict regulations aimed at reducing the use of single-use plastics and promoting more sustainable packaging alternatives. All these factors hamper the Mexico flexible packaging market growth.
The shift towards recyclable and biodegradable solutions in flexible packaging creates opportunities for innovation and differentiation within the market. Manufacturers leverage advancements in material science and packaging design to develop innovative solutions that offer both performance and sustainability benefits. Whether through bio-based polymers, compostable films, or hybrid materials that combine recyclability and biodegradability, there is ample room for creativity and experimentation to meet the diverse needs of customers and industries in Mexico. All these factors are anticipated to offer new growth opportunities for Mexico flexible packaging market during the forecast period.
Segments Overview
The Mexico flexible packaging market is segmented into material, end-use industry, and packaging type. On the basis of material, the market is classified into paperboard, plastic, aluminum foil, PET film, and others. Depending on end-use industry, it is segregated into food & beverage, personal care, medical, household care, pet care, and others. By packaging type, it is fragmented into stand-up pouch, films, sacks, and others.On the basis of material, the paperboard segment accounted for two-fifths of Mexico flexible packaging market share in 2017 and is expected to maintain its dominance during the forecast period. Environmental concerns and sustainability initiatives have prompted a shift towards more eco-friendly packaging solutions. Paperboard, being a renewable and biodegradable material, aligns well with these objectives. Its recyclability and composability make it preferable option for brands and consumers that seeking to reduce their carbon footprint and minimize environmental impact. As a result, the demand for paperboard-based flexible packaging has surged, particularly in industries where sustainability is a priority.
On the basis of end-use industry, the food and beverage segment accounted for more than half of Mexico flexible packaging market share in 2017 and is expected to maintain its dominance during the forecast period. Flexible packaging offers superior design flexibility and printing capabilities, allowing brands to differentiate themselves on the shelf and communicate with consumers effectively. This adaptability enables innovative packaging designs such as resealable pouches, stand-up pouches, and portion-controlled packaging, catering to changing consumer preferences for convenience and portion control. Moreover, advancements in digital printing technology have made it easier and more cost-effective for brands to create eye-catching graphics, vibrant colors, and personalized packaging solutions, thereby enhancing brand visibility and consumer engagement.
Depending on packaging type, the films segment accounted for three-fifths Mexico flexible packaging market share in 2017 and is expected to maintain its dominance during the forecast period. The growing consumer preference for convenience and on-the-go consumption has fueled the demand for films in flexible packaging. Features such as resealable closures, easy-open tear notches, and portion-controlled packaging make flexible films ideal for modern lifestyles.
The key players in the Mexico flexible packaging market include Berry Global Inc., Folmex S.A. de C.V., Constantia Flexibles, EMSUR, FINPAK Flexibles, S.A. de C.V., FLAIR Flexible Packaging Corporation, Guala Pack S.p.a., Mondi, Sealed Air, and Sonoco. Apart from these major players, there are other key players in the Mexico flexible packaging industry. These include Excel Nobleza, Flex Films, aba S.A. de C.V., Graficos Mundial, Bluepack, and Plasticos Uribe.
Key Market Trends
- On the basis of material, the plastic segment is anticipated to grow at the fastest CAGR of 6.3% during the forecast period.
- By end-use industry, the medical segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of packaging type, the films segment is anticipated to grow at the fastest CAGR of 6.3% during the forecast period.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Mexico flexible packaging market analysis from 2017 to 2027 to identify the prevailing Mexico flexible packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Mexico flexible packaging market statistics and segmentation assists to determine the prevailing market opportunities.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the Mexico flexible packaging market trends, key players, market segments, application areas, and market growth strategies.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MEXICO FLEXIBLE PACKAGING MARKET, BY MATERIAL
CHAPTER 5: MEXICO FLEXIBLE PACKAGING MARKET, BY END-USE INDUSTRY
CHAPTER 6: MEXICO FLEXIBLE PACKAGING MARKET, BY PACKAGING TYPE
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | April 2024 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 3.1 billion |
| Forecasted Market Value ( USD | $ 5.5 billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Mexico |
| No. of Companies Mentioned | 9 |
