Mexico Thermoformed Plastic Market Size & Outlook
Mexico thermoformed plastic market, 2019-2030 (US$M)
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Mexico thermoformed plastic market highlights
- The Mexico thermoformed plastic market generated a revenue of USD 232.5 million in 2023 and is expected to reach USD 331.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polymethyl methacrylate (PMMA) is the most lucrative product segment registering the fastest growth during the forecast period.
Thermoformed plastic market data book summary
| Market revenue in 2023 | USD 232.5 million |
| Market revenue in 2030 | USD 331.9 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polymethyl methacrylate (PMMA) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymethyl methacrylate (PMMA), Bio-degradable polymers, Polyethylene (PE), Acrylonitrile butadiene styrene (ABS), Poly vinyl chloride (PVC), High impact polystyrene (HIPS), Polystyrene (PS), Polypropylene (PP) |
| Key market players worldwide | Pactiv Evergreen Inc Ordinary Shares, Genpak, Sonoco Products Co, Packaging Corp of America, PLACON, Brentwood Industries, Greiner Bio-One, Palram Industries (1990) Ltd |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global thermoformed plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. thermoformed plastic market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 331.9 million by 2030.
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Thermoformed Plastic Market Scope
Thermoformed Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico thermoformed 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 thermoformed plastic market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 21.89% in 2023. Horizon Databook has segmented the Mexico thermoformed plastic market based on polymethyl methacrylate (pmma), bio-degradable polymers, polyethylene (pe), acrylonitrile butadiene styrene (abs), poly vinyl chloride (pvc), high impact polystyrene (hips), polystyrene (ps), polypropylene (pp) covering the revenue growth of each sub-segment from 2019 to 2030.
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 thermoformed plastics market in the region.
In 2022, polypropylene was among the most consumed product in the country due to high demand from the automotive, electrical & electronics, and packaging industries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico thermoformed plastic market , including forecasts for subscribers. This country databook contains high-level insights into Mexico thermoformed plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico thermoformed plastic market size, by product, 2019-2030 (US$M)
Mexico Thermoformed Plastic Market Outlook Share, 2023 & 2030 (US$M)
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