Plastic manufacturers are found throughout Mexico, with Coahuila, Sonora, Jalisco, Querétaro, Mexico City, Nuevo León, Puebla, Guanajuato, and San Luis Potosí being some of the most productive areas. However, it's worth noting that Querétaro's plastic manufacturing industry is the fifth most productive in the state, which is primarily dominated by aerospace and automotive manufacturing.
Mexico's plastics cluster - featuring manufacturers GW Plastics, Adapt, Mitchell Plastics, and Duqueine Group - is a crucial driver of the country's competitiveness. Our site selection services can assist you if you want to learn more about this or get help choosing a location.
Companies that locate their plastic manufacturing operations in Mexico can benefit from several advantages.
The Mexico Plastic Packaging Market was valued at USD 7.46 billion in 2021 and is expected to reach USD 9.12 billion by 2027, growing at a CAGR of 3%.
The market studied refers to the Mexico Plastic Packaging Market, and it was valued at USD 7. 46 billion in 2021. The market is expected to grow to USD 9. 12 billion by 2027, registering a CAGR of 3%.
Mexico’s Plastics and Resins Production and Market Size.
(Figures in USD billions)| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Total Local Production | 20.77 | 21.83 | 21.88 | 19.43 | 19.43 | 20.77 |
| Total Exports | 11.81 | 12.70 | 12.70 | 12.11 | 12.11 | 11.87 |
| Total Imports | 30.03 | 32.32 | 31.44 | 27.49 | 27.49 | 30.03 |
| Imports from the U.S. | 20.02 | 21.52 | 19.94 | 17.44 | 18.32 | 19.03 |
| Total Market Size* | 38.99 | 41.46 | 40.62 | 34.82 | 34.82 | 45.06 |
| Exchange Rates | 18.91 | 19.23 | 19.26 | 20.00 | 21.00 | 23.03 |
Yes! Mexico's plastic manufacturing sector is booming, with an annual production value of over USD 20 billion. Despite recent scrutiny of plastic products in the food and appliance packaging arenas, the plastics manufacturing industry has demonstrated its resilience against market disruptions.
In 2021, plastic packaging production grew by 18%, driven by demand for cleaning products, food and beverages, and medicine.
The plastics industry in Mexico is an ever-growing and changing field that, as of 2020, brought in 0.4% of the country's total GDP. Not only does Mexico produce a lot of plastic products, but it is also ranked high in the world for recycling such materials.