The Mexico blister packaging market is estimated to grow at a CAGR of 3.93% to reach a market size of US$178.644 million in 2024 from US$141.720 million in 2018. The steady increase in the relatively inexpensive human capital and simultaneous efforts by the government of Mexico to improve the business environment to leading to many large firms across the verticals to set up their facilities in the country, allowing them to serve the domestic and as well markets in Canada and the United States. As such, the growing domestic production is expected to drive the blister packaging market at the second fastest pace in the region. In contrast to the market scenario in the United States and Canada, the food industry is dominating the Mexico blister packaging market, constituting 51.32% share in 2018 and is further expected to grow at a highest CAGR of 4.58% to reach a market size of US$95.162 million on account of growing investment in the development of food infrastructure and greater preference for packaged food.
The Mexico Blister Packaging Market – Forecasts from 2019 to 2024 is an exhaustive study that presents the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, material, technology and end user.
The Mexico blister packaging market on segmented based on type, material, technology, end user and geography. Based on type the market has been segmented into compartment, slide and wallet. By material, the market has been classified into PVC, PVDC, and PP. By technology, market is segmented as cold-form and thermoformed. By end user, the market has been classified into consumer goods, food and pharmaceutical.
Major players in the Mexico blister packaging market such as Bemis Company,
Sonoco Products Company, Honeywell International LLC, WestRock, and Dow Chemical Company among others have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Mexico blister packaging market.
• By Type
• By Material
• By Technology
• By End-User
o Consumer Goods