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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Industrial bulk packaging is a packaging of heavy industrial goods in order to protect them from damages and contamination. Industrial bulk packaging is widely done across various manufacturing facilities such as food & beverages, chemicals & petrochemicals, and pharmaceuticals. On the basis of packaging type, they are classified into drums, pails, and jerry cans.

Mexico industrial bulk packaging market is estimated to be valued at US$ 613.3 million in 2021 and is expected to exhibit a CAGR of 5.4 % over the forecast period (2021-2028).

Recent Developments:

  • In 2019 and 2020, Mexico saw a dramatic decrease in packaging and processing machinery acquisition, mostly driven by perceived political instability, unclear government policies, and heightened risk concerning foreign direct investment, exchange rate fluctuations, and the slowdown of the economy as a result of the global pandemic.
  • In 2019, the packaging material production industry represented 1.7% of Mexico’s GDP, 5.8% of the industrial sector GDP, and 8.5% of manufacturing GDP. In terms of 2019 volume, Mexico produced 12.8 million tons of packaging containers and packaging materials with a value of USD 16 billion.

Chemicals & Petrochemicals in application held dominant position in Mexico industrial bulk packaging market in 2020, accounting for 64.6% share in terms of value, followed by Food & Beverage and Pharmaceuticals, respectively. Owing to growing massive growth of chemicals and petrochemicals industry in Mexico is expected to propel the sales of industrial bulk packaging during the forecast period. Drums, pails and industrial bulk containers are mostly preferred packaging solutions among the chemical manufacturing companies.

Mexico Industrial Bulk Packaging Market: Drivers

Growth in the pharmaceutical industry in Mexico is primarily fueling the market growth of the industrial bulk packaging. They are widely used in the storage of medical devices and other pharmaceutical products. Growing demand for plastic-based packaging products such as drums in the country is also anticipated to augment the market growth of the industrial bulk packaging over the forecast period.

Increasing export of food &agriculture products in the Mexico is expected to propel the market growth of industrial bulk packaging. According to The International Trade Administration, Mexico became the United States’ second-largest agricultural partner in 2018. U.S. agricultural and related product exports to Mexico totaled USD 19 billion with overall bilateral agricultural trade of USD 45 billion. Moreover, Mexico was the top export destination for corn, wheat, and rice by volume in 2018. 

Mexico Industrial Bulk Packaging Market: Opportunities

The increasing popularity of flexible intermediate bulk containers (IBCs) in the country is projected to bring new opportunities to the market of the industrial bulk packaging. These are lightweight and thus encouraging manufacturer to increase the production of flexible intermediate bulk containers in order to meet the rising demand. Hence, the growing demand for flexible intermediate bulk containers will favor market growth over the forecast timeframe.

Growth in the chemical industry in the Mexico country is projected to offer potential opportunities to the market of industrial bulk packaging. Increasing investment in the chemical industry in promoting modern economy as it plays a very important role in almost all sectors such as communications, food, clothing, housing, transport, etc. will further favor the market growth. Thus, growth in the chemical industry is expected to augment the market growth of the Mexico industrial bulk packaging.

Market Trends:

Increasing wine trade in Mexico owing to increasing consumption of wine around the globe is a major trend in the market. Rapidly growing population coupled with the increasing disposable income and changing spending patterns is creating demand for various consumer goods. Moreover, the growing transportation of minerals and semi-finished products is also expected to propel the market growth of Mexico industrial bulk packaging.

Merger and acquisition by key manufacturers for market expansion is a growing trend in the industry. This trend is expected to spur the market growth of the Mexico industrial bulk packaging. For instance, in April 2018, ORBIS Corporation a provider of reusable packaging and part of Menasha Corporation, has acquired Response Packaging, headquartered in Piedmont, South Carolina. Response Packaging has 245 employees in the U.S. and Mexico and serves the automotive and industrial markets.

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Mexico Industrial Bulk Packaging Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 613.3 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.4% 2028 Value Projection: US$ 886.1 Mn
Geographies covered:
  • Mexico
Segments covered:
  • By Product Type: Drums, IBC, Pails, Jerry Cans
  • By Application: Chemicals & Petrochemicals, Food & Beverages, Pharmaceuticals, Others
Companies covered:

Mauser Group B.V., Greif, Inc., International Paper Company, Hoover Container Solutions, Inc., Menasha Corporation, Cleveland Steel Container Corporation, Composite Containers LLC

Growth Drivers:
  • Growth in the pharmaceutical industry 
  • Increasing export of food & agriculture products
Restraints & Challenges:
  • High cost of the logistics 
  • Poor road infrastructure and strict rules and regulations on industrial packaging for direct food contact and healthcare products

Figure 1. Mexico Industrial Bulk Packaging Market Share, By Product Type, 2020

Mexico Industrial Bulk Packaging  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among product type, the Drums held dominant position in the market and accounted for 43.9% share in Mexico industrial bulk packaging market in 2020. The segment is expected to reach US$ 195.2 million in 2028.
  • Drums segment is expected to be the attractive product type of industrial bulk packaging among the manufacturers for its enormous usage of it in the chemical and petrochemical industry.

Mexico Industrial Bulk Packaging Market: Restraints

The high cost of the logistics and poor road infrastructure in the Mexico is projected to restrict the market growth of the industrial bulk packaging.

Strict rules and regulations on industrial packaging for direct food contact and healthcare products is expected to curb the market growth. Also, strict regulations on the use of volatile organic compounds are further expected to limit the market growth of Mexico industrial bulk packaging.

Mexico Industrial Bulk Packaging Market: Competitive Landscape

Major players operating in Mexico industrial bulk packaging market include, Mauser Group B.V., Greif, Inc., International Paper Company, Hoover Container Solutions, Inc., Menasha Corporation, Cleveland Steel Container Corporation, Composite Containers LLC

Recent Developments

In July 2018, Greif, the global provider of industrial packaging products and services, has announced the launch of GCUBEShield, in the category of GCUBE intermediate bulk containers (IBCs). It has improved product stability, shelf-life, and operational performance.

The Mexican economy has grown rapidly for the past couple of years, making Mexico a great place to do business. The increase in the international shipment of products into this country and the rise in industrial development have caused a significant need for industrial bulk packaging in this country. The reason that this market is so competitive is that there are so many companies in Mexico offering the same types of services. Because of this, it becomes necessary for businesses to do a little bit of research to ensure they get the best package. One way that businesses are finding out which companies offer the best service and quality for their money is to ask to see samples of their work. Companies that have done numerous consultations and have delivered excellent packages with no complaints are often a good place to start.

Market Dynamics:

Launch of new products is expected to propel growth of Mexico industrial bulk packaging market over the forecast period. For instance, in January 2021, Mauser Packaging Solutions launched KORTRAX barrier tight-head container, expanding its portfolio of tight-head containers.

Mexico industrial bulk packaging market is witnessing rise in cost of products. For instance, in August 2021, Greif, Inc. announced to implement a US$ 70 per ton price increase for all grades of uncoated recycled paperboard and an 8.5 percent increase on all tube and core and protective packaging products.

Key features of the study:

  • This report provides in-depth analysis of Mexico industrial bulk packaging market, and provides market size (US$ Million & Million Units) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in Mexico industrial bulk packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Mauser Group B.V., Greif, Inc., International Paper Company, Hoover Container Solutions, Inc., Menasha Corporation, Cleveland Steel Container Corporation, Composite Containers LLC
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Mexico industrial bulk packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing Mexico industrial bulk packaging market

Detailed Segmentation:

  • Mexico Industrial Bulk Packaging Market, By Product Type:
    • Drums
    • IBC
    • Pails
    • Jerry Cans
  • Mexico Industrial Bulk Packaging Market, By Application:
    • Chemicals & Petrochemicals
    • Food & Beverages
    • Pharmaceuticals
    • Others
  • Mexico Industrial Bulk Packaging Market, By Country:
    • Mexico
      • By Product Type
        • Drums
        • IBC
        • Pails
        • Jerry Cans
      • By Application
        • Chemicals & Petrochemicals
        • Food & Beverages
        • Pharmaceuticals
        • Others
  • Company Profiles
    • Mauser Group B.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Greif, Inc.
    • International Paper Company
    • Hoover Container Solutions, Inc.
    • Menasha Corporation
    • Cleveland Steel Container Corporation
    • Composite Containers LLC

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, Product Type
      • Market Snippet, Application
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Mexico Industrial Bulk Packaging Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Mexico Industrial Bulk Packaging Market – COVID-19
    • Impact Analysis
  5. Mexico Industrial Bulk Packaging Market, By Product Type, 2017- 2028 (US$ Mn & Mn Units)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Drums
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
    • IBC
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
    • Pails
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
    • Jerry cans
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
  6. Mexico Industrial Bulk Packaging Market, By Application, 2017- 2028 (US$ Mn & Mn Units)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Chemicals & Petrochemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
    • Food & Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & Mn Units)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Mauser Group B.V.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Greif, Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • International Paper Company
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Hoover Container Solutions, Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Menasha Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Cleveland Steel Container Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Composite Containers LLC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 50 market data tables* and 45 figures* on "Industrial Bulk Packaging Market” - Global forecast to 2028.

FAQgrowicon

Frequently Asked Questions

Growth in the pharmaceutical industry and increasing export of food & agriculture products boost demand for industrial bulk packaging in Mexico.
High cost of the logistics and poor road infrastructure and strict rules and regulations on industrial packaging for direct food contact and healthcare products are factors hindering growth of the market.
The market was valued at US$ 581.1 million in 2020.
Drums in product type held dominant position in the market in 2020.
Increasing wine trade and merger and acquisition by key manufacturers for market expansion are key market trends.
Major players operating in the market include, Mauser Group B.V., Greif, Inc., International Paper Company, Hoover Container Solutions, Inc., Menasha Corporation, Cleveland Steel Container Corporation, Composite Containers LLC
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