Mexico Packaging Market Outlook

Over the past few years, the packaging market in mexico has been gradually expanding, with growth mainly driven by the growing demand for food from both the domestic and the export sectors. according to the mexican packaging association (mpa), the packaging sector in 2017 alone saw an increase of 5.2% in sales over the previous year. the mexican packaging market comprises of a wide variety of products such as paperboard, aluminum, and other flexible plastic material. it is estimated that the packaged food sector accounts for nearly 80% of the total packaging market. the growing demand for convenience foods from the food and beverage industries has further fueled the growth of this sector. the rise in e-commerce and the need for more product safety and secure packaging from consumers has resulted in an uptick in demand for better quality packaging materials. as such, the demand for rigid packaging materials such as glass and plastic is expected to grow steadily in the coming years. the mexican government has taken a number of initiatives to encourage the expansion of the packaging market. for instance, in 2017, the ministry of economy provided a credit line of us$250 million for businesses in the packaging sector. the funds are intended to help companies implement new technologies and increase their productivity. in addition to this, the mexican government has implemented regulations that require organizations to use recyclable packaging. this has compelled companies to switch to sustainable packaging materials, thus creating further opportunities for manufacturers. the mexican packaging market is projected to experience steady growth over the forecast period (2018–2032). government initiatives such as credit lines and environmental regulations are expected to contribute to the increasing demand for better quality packaging. moreover, increasing urbanization and the rise of the middle class population in the country will continue to drive growth in the sector. consequently, market players must capitalize on these favorable conditions and capitalize on the growth potential of the mexican packaging market.