Mexico Flexible Packaging Market Size

Mexico Flexible Packaging Market Analysis

The Mexico Flexible Packaging Market size is estimated at USD 3.59 billion in 2024, and is expected to reach USD 4.47 billion by 2029, growing at a CAGR of 4.49% during the forecast period (2024-2029).

• Flexible packaging is rising faster than many other forms. It includes trends like e-commerce, digital printing, and sustainability that can be used to drive market development and growth. Customers in the region are eager to pay more for certain product attributes boosted by flexible packaging.
• Technological innovation, sustainability trepidations, and attractive economics are reasons for the remarkable growth of flexible packaging in the last two decades. The way consumers view and interact with packages is altering. Due to the increasing focus on sustainability, traditional rigid packaging solutions are replaced by innovative, more sustainable, flexible packaging. The growing demand for customer-friendly packages and heightened product protection is expected to boost flexible packaging as a viable and cost-effective substitute.
• Local trends, such as e-commerce (presence of online marketplaces, such as Amazon, Mercado Libre, and Linio, in Mexico) and digital printing, are driving the developments in flexible packaging. Similarly, the growing penetration of end-user verticals and allied demand for product protection has boosted the role of flexible packaging as a viable and cheap option in Mexico. Recent innovations have also made these packages eco-friendly, increased shelf-life, and sustainable.
• The increasing demand for convenient and portable packaging is another factor that is driving the growth of flexible packaging in Mexico. The flexible packaging offers options to offer content in different sizes and shapes and offers an easy opening, pouring, and serving. The healthy growth of end-users, such as pet food, fresh food, and coffee that require convenient packaging, is expected to drive the need for producing higher flexible packaging. The general trend of the shift from rigid to flexible to avail the benefits of convenience packaging and fit the changing lifestyles, along with the growth of smaller households, is increasing the need for single-serve options.
• Consumers are becoming increasingly aware of the packaging solutions and health benefits of snacks. The demand is primarily driven by taste and health considerations. Also, a greater reliance on ready-prepared nutritious foods drives the Mexican flexible packaging market in the snack product segment.
• There is an enormous opportunity to gain market share in the nutritional, portable, and easy-to-eat meal alternative market for the Mexican flexible packaging snack manufacturers. Baked and salted snacks also show strong growth, providing vast opportunities for flexible packaging manufacturers in Mexico. Potato chips, tortillas, and corn chips are the most extensive product segments within the salted snacks product group. An emerging trend in the snack food products is the evolution of fruit snacks and nuts with attractive and portable packaging.
• Increasing demand for consumer-friendly packages and rising demand for product protection boost the role of flexible packaging as a viable and cheap option in Mexico, which is expected to drive market growth during the forecast period. However, the growing concern about the environment and the government ban on single-use plastic hinders market growth.
• According to Plastics Technology Mexico, packaging remained crucial despite COVID-19 due to the protection function provided by packaging for necessities and the flexibility and security they allow for transport and distribution. According to the company, several regulations exempted the packaging sector from restrictions by associating it with the activities that participate in the market supply chain and the operation of the production centers of goods and services of first necessity. Most of the manufacturers in the market remained operational using health measures.
• For instance, Constantia AluprintinMexico, which offers flexible packaging producers for the pharma, food, and hygiene industry, announced that it remained operational during the pandemic using an integrated value chain and safety precautions.