Mexico Returnable Packaging Market Research Report, 2027

Returnable or reusable packaging systems are widely used in various industries for the handling, storage, and transportation of products from one place to another. The returnable packaging system is the most cost-effective solution for the shipment of the products. The system provides safety for the products and protects the products from the external environment. Mexico is the fastest growing country in the use of returnable packaging solutions in the North American region. Mexico's economy is estimating the immense growth in the returnable packaging market during the forecast period. Growing economies are the main driving factor for the increasing demand for returnable packaging solutions. Rapid expansion of the various end-use industries and urbanisation are factors that play a key role in the growth of the returnable packaging market in the country. The expansion of the food and beverage industries in the country will drive the demand for returnable packaging solutions. Mexico is a major exporter of various products to different countries. Fresh food products and agricultural products are the main export products of Mexico. Export activities of products require the proper and efficient packaging solutions over long distances. Manufactures are more focused on the investment in returnable packaging solutions. The initial costs of the returnable packaging are high, but it gives maximum advantages to manufacturers in the long run. Returnable packaging solutions reduce the cost of the shipment, as large numbers of the products are shipped at one time. It also reduces material wastage and uses several times less time for transportation of products. Consumers are nowadays more concerned about the environment and sustainability. These returnable packaging products are environmentally friendly and have less impact on the environment. According to the report title, "Mexico Returnable Packaging Market Overview, 2027," published by Actual Market research, the market is anticipated to grow with a CAGR of 6.24% during the forecast period of 2022 to 2027. The government in Mexico is also supporting the use of sustainable products. Various rules and regulations are formed by the government to reduce the environmental impact of hazardous packaging materials. The government is also focusing on domestic production; increasing domestic production activities will boost the market for returnable packaging in Mexico. The chemical industry is growing in Mexico. The need for effective and safe packaging solutions for chemical products will ultimately give rise to the returnable packaging market in the forecast period. The food and beverages segment is leading the market with more than 37% of the value market share in Mexico. The increasing production of the automotive industry in Mexico is also striving for returnable packaging products for the transportation of vehicles and automotive parts. The automotive sector is estimated to grow at the highest CAGR during the forecast period. The pallets segment is leading the market, followed by the crates segment. The market is segmented into four categories based on the material type: plastic, wood, metal, glass, and foam. The plastic segment is leading the returnable packaging market in Mexico. Light weight, durability, and convenience are factors that lead to the high demand for plastic as a packaging material. Considered in this report • Geography: Mexico • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Mexico Returnable Packaging market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Five Force models • Top profiled companies • Strategic recommendation Types of Material in the report: • Plastic • Metal • Wood • Others By End-Use in the report: • Food and Beverages • Automotive • Consumer Durables • Healthcare • Others Types of Product in the report: • Pallets • Crates • Intermediate Bulk Containers (IBCs) • Tanks, Drums, and Barrels • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to returnable packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.