Mexico Plastic Market Size & Outlook, 2023-2030
Mexico plastic market, 2018-2030 (US$M)
Related Markets
Mexico plastic market highlights
- The Mexico plastic market generated a revenue of USD 7,924.6 million in 2023 and is expected to reach USD 10,543.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2023.
- Medical Devices is the most lucrative end use segment registering the fastest growth during the forecast period.
Plastic market data book summary
| Market revenue in 2023 | USD 7,924.6 million |
| Market revenue in 2030 | USD 10,543.4 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Covestro AG, Toray Industries Inc, Mitsui & Co Ltd, Teijin Ltd, INEOS, LG Chem, Lanxess AG, CHIMEI, Huntsman Corp, LyondellBasell Industries NV Class A, Miller Waste Mills |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global plastic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastic 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 9,817.0 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico plastic 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 plastic market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 35.35% in 2023. Horizon Databook has segmented the Mexico plastic market based on packaging, construction, electricals & electronics, automotive, medical devices, agriculture, furniture & bedding, consumer goods, utility covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, Mexico was the largest consumer of cola drinks globally, which is the reason the country consumes a large quantity of PET bottles. The country is also a major consumer of several oils, personal care, hair care, and alcoholic beverage products, which creates a robust market for PET bottles.
Mexico is expected to benefit from the rising construction spending and growing inclination of consumers toward the utilization of sustainable and lightweight building materials in place of conventional materials.
The expanding automotive sector on account of electric vehicles and a shift in consumer purchase behavior from considering cars as luxuries to now considering them necessities are also anticipated to have a positive impact on the plastics market in the region.
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Our clientele includes a mix of plastic 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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico plastic market , including forecasts for subscribers. This country databook contains high-level insights into Mexico plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico plastic market size, by end use, 2018-2030 (US$M)
Mexico Plastic Market Outlook Share, 2023 & 2030 (US$M)
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