Mexico Flexible Packaging Market

Mexico's flexible packaging market outlook (2018-2032)the mexican flexible packaging market is experiencing major growth. the packaging market experience a strong growth of 1.8% in 2017 compared to 2016. it increased sharply to 3.6% in 2018. the improvement in the mexican economy and population growth has helped in fueling the demand for packaging. consumer preference for the application of multiple use packaging items such as soap wrappings has further helped this segment in the market. also the increase in the manufacturing sector in mexico's main export markets such as the united states and europe has also driven up demand for mexican packaging.in general packaging in mexico is expected to experience continued growth at a cagr of 2.6%, reaching a value of 47 billion usd in 2032. the flexible packaging segment is expected to experience higher growth as it benefits from cost cutting associated with materials, transportation and storage.besides the cost cutting, there will also be growth in technological advancements over the years. improved paper, film and foil materials will be introduced which will help companies in the mexican market further cut down on cost and hence remain competitive both in the domestic and global market. for instance, advanced packaging machinery will lead to greater product consistence, improved packaging speed and accuracy and produce better quality products.analyzing the mexican flexible packaging market based on regional and product segmentation, the central region leads the market with a share of 44% and followed by north east with a share of 33%, and the north west has a share of 23%. in terms of product category, the lamination and coating segment leads with 33.7%, followed by bags and pouches at 27.1%, and other segments such as shrink sleeves and wrappers have a share of 26.2%.overall for the mexican flexible packaging segment over the upcoming years, market players need to focus on improving on product innovation, technological development and customer service in order to maintain their competitive edge. players should also strive to create and tap into different segments such as retail, consumer goods, and food retail in order to increase the penetration in the market. with all these necessary changes, the mexican flexible packaging market can continue to thrive and remain as a major export market.