Mexico Food Service Packaging Market, By Type (Food and Beverages), By Material Type (Paper, Plastic, Molded Fiber/Pulp, Wood, Glass and Others), Product Type (Rigid Packaging and Flexible Packaging), Application (Transportation, Retailing and Others), Distribution Channel (Direct and Indirect)Industry Trends and Forecast to 2029.
Market Analysis and Insights
Food service packaging is widely used for packaging processed and semi-processed food products. The food service packaging helps maintain hygiene and quality and enhances the safety of food products. End-users of food service packaging include restaurants, catering services, fast-food joints, and others. Food packaging also helps enhance the shelf life of the food product and keep food and beverages products fresh for a longer duration. Different materials are used for food packaging, including plastic, paper, wood pulp, glass, and others.
Bags, containers, and boxes made of wood, plastic, paper, and others are widely used for packaging food and beverage products. The growing demand for convenient and flexible packaging significantly impacts the expansion of the market for food service packaging. In line with this, increasing adoption of eco-friendly and biodegradable products for food service packaging is expected to propel the market growth. However, stringent regulations laid by the governmental bodies regarding packaging materials may be a major restraint on the growth of the food service packaging market.
The growing demand for sustainable packaging solutions coupled with increasing adoption of modern technology in the packaging industry will create more future opportunities for the food service packaging market. However, maintaining the standard quality of packaging products can challenge the growth of the food service packaging market during the forecast period.
Data Bridge Market Research analyzes that the Mexico food service packaging market will grow at a CAGR of 4.3% during the forecast period of 2022 to 2029.
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2019 - 2014) |
|
Quantitative Units |
Revenue in Million, Volume in Million Units, Pricing in USD |
|
Segments Covered |
By 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) |
|
Countries Covered |
Mexico |
|
Market Players Covered |
International Paper, WestRock Company, Dart Container Corporation, Berry Global Inc., Sabert Corporation, Huhtamaki, Amcor plc, Sealed Air, Fabri-Kal, Genpak, LLC |
Market Definition
Food service packaging is widely used for packaging processed and semi-processed food products. It helps maintain hygiene and quality and enhances the safety of food products. The end-users of the food service packaging include restaurants, catering services, fast-food joints and others. The food packaging also helps enhance the shelf life of the food product and helps keep the food and beverages products fresh for a longer duration. Different materials are used for food packaging, including plastic, paper, wood pulp, glass and others.
Mexico Food Service Packaging Market Dynamics
Drivers
-
On-the-go lifestyle is increasing the demand for foodservice packaging
The demand for various packaging, including cups, cutlery, plates, trays, food containers, pouches, bags, and others, is increasing in the food service industry due to the hectic life schedule and rising preference for on-the-go food and beverages products. The hectic and sedentary lifestyle of the individuals in Mexico has affected the purchasing pattern, hence instigating them to go for the on-the-go meal or request takeaway from the eateries. The factor, as mentioned earlier, is increasing the demand for the unique, innovative, and new packaging among food services to offer their food and beverages products which will aid the growth of the Mexico food service packaging market.
-
Rising demand for convenience and prepared food
The demand for food products that saves the time of meal preparation and clean-up has grown recently in Mexico. The increased disposable income coupled with the rising demand for convenience and prepared food products owing to a hectic lifestyle will increase the demand for food service packaging products. Moreover, the eating habit of Mexico consumers are changing, and they prefer to eat at fast-food restaurants or quick-service restaurants to save time cooking. The factor mentioned above is increasing the demand for packaging in food services which is anticipated to propel the growth of the Mexico food service packaging market. The increase in the demand for convenience and prepared food and the increase in the number of quick-service restaurants or fast-food restaurants in Mexico will aid in the market growth.
Opportunity
-
Growing demand for sustainable packaging solutions
The demand for sustainable, reliable, environmentally friendly packaging is increasing among food service providers, encouraging manufacturers to introduce novel and modern technology to manufacture packaging products. The demand for sustainable, high-quality, and attractive packaging materials for food and beverages is increasing, which will create immense opportunities for food service packaging manufacturers. Modern technology offers high-quality and sturdy packaging products, which attracts foodservice manufacturers. The rising demand for reliable and innovative packaging solutions in the food service industry is encouraging manufacturers to introduce modern technologies for manufacturing packaging solutions.
Restraint/Challenge
- Stringent government regulations on packaging materials
Government regulations are essential in influencing the packaging design for many manufacturers in the market. Various stringent regulations and policies must be complied with by the packing product manufacturers. Government organizations regulate and monitor the packaging products of food and beverages and the usage of raw materials to protect the environment and ensure consumer safety and confidence.
Most of the packaging solutions today are “use and throw” without any reusability factor. This results in a huge amount of packaging waste, which results in pollution and environmental degradation. The government is introducing packaging norms to make manufacturers design packaging solutions according to the circular economy approach. Also, importing and exporting raw materials for the production of packaging products is becoming very difficult due to which manufacturers are facing problems with storing raw materials.
Food packaging has always remained the topic of focus for various packaging regulations relating to food safety. Compliance with such regulations is important for the market players to avoid penalties. In addition, governmental bodies in Mexico are imposing strict rules and regulations for packaging materials of food & beverages.
Post COVID-19 Impact on Mexico Food Service Packaging Market
COVID-19 has affected the market to some extent. Due to the lockdown, the food and beverages industry faced a major crisis, which initially decreased the demand for food service packaging. Post-pandemic, the demand for food service packaging has increased due to increasing demand for packaged and prepared food products. Moreover, changing eating habits and growing inclination toward convenience food & beverages products are increasing the demand for convenient packaging in the food service industry.
Recent Development
- In November 2021, WestRock Company achieved the Sustainability Award of the Year and was recognized for packaging design excellence at the 78th Annual North American Paperboard Packaging Competition. This has helped the company to strengthen its position in the North American market
Mexico Food Service Packaging Market Scope
Mexico food service packaging market is segmented based on type, material type, product type, application and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Food
- Beverages
Based on type, Mexico food service packaging market is segmented into food and beverages.
Material Type
- Plastic
- Paper
- Molded Fiber/Pulp
- Wood
- Glass
- Others
Based on material type, Mexico food service packaging market is segmented into plastic, paper, molded fiber/pulp, wood, glass and others.
Product Type
- Rigid Packaging
- Flexible Packaging
Based on product type, Mexico food service packaging market is segmented into rigid packaging and flexible packaging.
Application
- Retailing
- Transportation
- Others
Based on application, Mexico food service packaging market is segmented into retailing, transportation and others.
Distribution Channel
- Direct
- Indirect
Based on the distribution channel, the Mexico food service packaging market is segmented into direct and indirect.
Competitive Landscape and Mexico Food Service Packaging Market Share Analysis
Mexico food service packaging market competitive landscape provides details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Mexico presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies' focus on Mexico food service packaging market.
Some of the major players operating in the Mexico food service packaging market are International Paper, WestRock Company, Dart Container Corporation, Berry Global Inc., Sabert Corporation, Huhtamaki, Amcor plc, Sealed Air, Fabri-Kal., Genpak, LLC, among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Mexico Vendor Share Analysis. Please request an analyst call in case of further inquiry.
SKU-
