Mexico Bag In Box Container Market Size & Outlook
Mexico bag in box container market, 2017-2030 (US$M)
Related Markets
Mexico bag in box container market highlights
- The Mexico bag in box container market generated a revenue of USD 87.3 million in 2021 and is expected to reach USD 148.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.1% from 2022 to 2030.
- In terms of segment, food & beverage was the largest revenue generating application in 2021.
- Household Products is the most lucrative application segment registering the fastest growth during the forecast period.
Bag in box container market data book summary
| Market revenue in 2021 | USD 87.3 million |
| Market revenue in 2030 | USD 148.8 million |
| Growth rate | 6.1% (CAGR from 2021 to 2030) |
| Largest segment | Food & beverage |
| Fastest growing segment | Household Products |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverage, Industrial Liquids, Household Products |
| Key market players worldwide | Amcor PLC, Smurfit Kappa Group PLC, DS Smith PLC, SIG Group AG Ordinary Shares, Liqui-Box, CDF Corporation, Accurate Box Company, TPS Rental Systems, Aran Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.3% of the global bag in box container market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. bag in box container market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 298.7 million by 2030.
Food & beverage was the largest segment with a revenue share of 69.42% in 2021. Horizon Databook has segmented the Mexico bag in box container market based on food & beverage, industrial liquids, household products covering the revenue growth of each sub-segment from 2017 to 2030.
An increase in the import of food & beverage products, coupled with rising R&D investments in the packaging sector by various manufacturers, is expected to contribute to the market growth over the forecast period.
A rise in packaged and readymade food & beverages products among the younger generation is expected to contribute to the market growth of bag-in-box container. In addition, rising need for increasing the shelf life of products and changes in consumer buying trends are anticipated to contribute to the growth of the bag-in-box container market over the forecast period.
The rise in the consumer consumption of household products owing to increasing consumer confidence, favorable demographics, and inflation stabilization in the region are expected to increase the market growth.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico bag in box container market size, by application, 2017-2030 (US$M)
Mexico Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
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