Mexico Medical Device Packaging Market Size & Outlook
Mexico medical device packaging market, 2017-2028 (US$M)
Related Markets
Mexico medical device packaging market highlights
- The Mexico medical device packaging market generated a revenue of USD 945.1 million in 2020 and is expected to reach USD 1,604.2 million by 2028.
- The Mexico market is expected to grow at a CAGR of 6.8% from 2021 to 2028.
- In terms of segment, plastic was the largest revenue generating material in 2020.
- Metal is the most lucrative material segment registering the fastest growth during the forecast period.
Medical device packaging market data book summary
| Market revenue in 2020 | USD 945.1 million |
| Market revenue in 2028 | USD 1,604.2 million |
| Growth rate | 6.8% (CAGR from 2020 to 2028) |
| Largest segment | Plastic |
| Fastest growing segment | Metal |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic, Paper & Paperboard, Metal |
| Key market players worldwide | Amcor PLC, Sonoco Products Co, Mondi PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Constantia Flexibles, WestRock Co, Berry Global Group Inc, Glenroy, Inc., SteriPack Contract Manufacturing |
Other key industry trends
- In terms of revenue, Mexico accounted for 4.3% of the global medical device packaging market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. medical device packaging market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,604.2 million by 2028.
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Medical Device Packaging Market Scope
Medical Device Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico medical device packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device packaging market will help companies and investors design strategic landscapes.
Plastic was the largest segment with a revenue share of 65.81% in 2020. Horizon Databook has segmented the Mexico medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
Mexico is a prominent manufacturing hub for various industries due to advantages such as no tariff on trade of goods manufactured in Mexico. Manufacturers operating in this country can take advantage of Mexico’s 14 trade agreements, which allow them to ship their products to 46 different countries duty free.
On the back of these factors, Mexico has strengthened its position in the medical device market and it is the largest exporter of medical devices to the U.S. and Latin America. This large-scale production is benefiting the medical device packaging industry in the country.
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Target buyers of Mexico medical device packaging market databook
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Our clientele includes a mix of medical device packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico medical device packaging market size, by material, 2017-2028 (US$M)
Mexico Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
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