The food service packaging market in Mexico is thriving, driven by its crucial role in preserving hygiene, quality, and safety of processed and semi-processed food items. Catering to diverse end-users such as restaurants, fast-food joints, and catering services, this industry is pivotal in extending the shelf life of products, ensuring freshness. A gamut of materials like plastic, paper, wood pulp, and glass are employed. This dynamic market underscores Mexico's commitment to food safety and convenience.
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Data Bridge Market Research analyses that the Mexico Food Service Packaging Market will grow at a CAGR of 4.3% during the forecast period of 2022 to 2029. The exponential growth of food delivery apps in Mexico has reshaped consumer food access. To uphold food quality during transit, dependable packaging is indispensable for customer contentment, intensifying demand within the food service packaging sector.
Key Findings of the Study
Competitive foodservice landscape, packaging goes beyond preservation and is expected to drive the market's growth rate
In Mexico's competitive foodservice landscape, packaging goes beyond preservation. It serves as a canvas for brand identity, aiding establishments to stand out. Creative and distinctive packaging not only safeguards product quality but also elevates a business's unique image. This drive for differentiation fuels the demand for innovative packaging solutions, driving growth within Mexico's food service packaging market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Type (Food and Beverages), Material Type (Plastic, Paper, Molded Fiber/Pulp, Wood, Glass, and Others), Product Type (Rigid Packaging, Flexible Packaging and Others), Application (Retailing, Transportation, and Others), Distribution Channel (Direct and Indirect)
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Market Players Covered
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International Paper (U.S.), WestRock Company (U.S.), Dart Container Corporation (U.S.), Berry Global Inc. (U.S.), Sabert Corporation (U.S.), Huhtamaki (Finland), Amcor plc (Switzerland), Sealed Air (U.S.), Fabri-Kal (U.S.), Genpak, LLC (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Mexico food service packaging market is segmented based on type, material type, product type, application, and distribution channel.
- On the basis of type, Mexico food service packaging market is segmented into food and beverages.
- On the basis of material type, Mexico food service packaging market is segmented into plastic, paper, molded fiber/pulp, wood, glass and others.
- On the basis of product type, Mexico food service packaging market is segmented into rigid packaging and Flexible Packaging
- On the basis of application, Mexico food service packaging market is segmented into retailing, transportation and others.
- On the basis of distribution channel, the Mexico food service packaging market is segmented into direct and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the major Mexico food service packaging market players in Mexico food service packaging market are International Paper (U.S.), WestRock Company (U.S.), Dart Container Corporation (U.S.), Berry Global Inc. (U.S.), Sabert Corporation (U.S.), Huhtamaki (Finland), Amcor plc (Switzerland), Sealed Air (U.S.), Fabri-Kal (U.S.), Genpak, LLC (U.S.)
Market Developments
- In November 2021, WestRock Company clinched the Sustainability Award of the Year, along with recognition for packaging design excellence at the 78th Annual North American Paperboard Packaging Competition. This achievement bolstered the company's position in the North American market, showcasing its commitment to sustainable practices and innovative packaging solutions.
- In April 2022, Amcor launched the AmFiberTM platform, a groundbreaking range of paper-based packaging products. Demonstrating Amcor's adaptability and consumer-centric approach to innovation, this initiative aimed to redefine traditional paper packaging capabilities. The platform addressed evolving consumer needs by offering diverse features and functional benefits, heralding a new era in paper packaging versatility.
- In February 2022, Apollo's affiliates reached a final agreement to acquire a significant portion of Novolex, following a transaction with Carlyle. While Carlyle retained a minority stake, Apollo's acquisition marked a pivotal development. Though financial terms remained undisclosed, this move signaled strategic shifts in Novolex's ownership and future prospects within the industry.
- In January 2022 saw Huhtamaki's full ownership acquisition of its Polish joint venture, Huhtamaki Smith Anderson Sp. z o.o., from Smith Anderson Group Ltd SA. The company's base in Czeladz, Poland, focused on manufacturing and selling foodservice paper bags in Eastern Europe. This move reflected Huhtamaki's strategic expansion in the region, strengthening its presence and capabilities.
For more detailed information about the Mexico food service packaging market report, click here – https://www.databridgemarketresearch.com/fr/reports/mexico-food-service-packaging-market
