Mexico Food Storage Container Market Overview, 2029

Mexico Food Storage Container Market Overview, 2029

The Mexican food storage container industry is a dynamic terrain driven by a distinct blend of cultural preferences, environmental concerns, and a growing emphasis on convenience. At its heart, this market is seeing an increase in the popularity of reusable containers, driven by a growing concern about health and environmental sustainability. Consumers are increasingly favouring environmentally friendly materials such as glass, stainless steel, and bamboo. Furthermore, the trend toward portion control containers reflects a greater cultural emphasis on health and wellness, responding to the requirements of busy people attempting to maintain balanced meals despite their demanding schedules. In the Mexican food storage container business, aesthetics are as important as practicality. Consumers are drawn to containers that not only serve a utilitarian purpose but also improve the aesthetics of their dining experience. Vibrant colours and eye-catching designs are sought-after characteristics, with many containers also serving as serveware to suit the desire for products that move easily from storage to tabletop. The government is aggressively lobbying for plastic trash reduction, with an emphasis on encouraging sustainable alternatives that may effect typical plastic containers. Measures such as promoting eco-friendly packaging and establishing limitations on single-use plastics are intended to reduce the environmental impact of plastic waste. Certifications like NOM-AMBT-002/SE-2018 contribute significantly to this effort by encouraging the use of recycled materials in industrial processes. These certifications not only encourage the use of environmentally responsible procedures, but also help to establish customer trust in products containing recycled content.

According to the research report “ Mexico Food Storage Container Market Overview, 2029,"" published by Bonafide Research, the Mexico Food Storage Container market is growing at a CAGR of more than 5% from 2024 to 2029. Cultural variables have a substantial impact on consumer preferences and behaviours in this sector. Family values drive the demand for larger storage containers, which accommodate the practice of community dining and home-cooked meals that Mexican families treasure. Concurrently, rising disposable income feeds demand for premium and novel storage solutions that combine functionality and design. Furthermore, convenience is vital in a society characterised by a fast-paced lifestyle, resulting in a preference for containers that are simple to use and microwave-safe, catering to the needs of busy people looking for quick meal alternatives. However, the market is not without problems and regulatory concerns. While customers emphasise sustainability, pricing remains a critical concern, providing a challenge for businesses attempting to strike a balance between environmentally responsible methods and cost-effective production. Furthermore, strong food safety laws, such as the NOM (Norma Oficial Mexicana) standards for food contact materials, are required to assure customer trust and legal compliance. Furthermore, the market is competitive with low-cost imports, notably from Asia, emphasising the need for local producers to differentiate their products through quality, innovation, and adherence to cultural norms.

The rapidly expanding e-commerce business represents a significant opportunity for food storage container sales. With an increased propensity for online purchasing, particularly in the aftermath of the COVID-19 pandemic, there is a growing demand for convenient and practical storage options. Expo Alimentaria provides a forum for industry companies to present innovative products and technology, drawing both domestic and international buyers. Mexico's sizable import industry creates additional opportunities for foreign firms to enter the market and capitalise on its expanding potential. Price segmentation in the food storage container market caters to a wide range of consumer needs and preferences. The industry offers a diverse selection of items, from low-cost plastic containers to high-end, multi-compartment glass choices. However, calculating an average selling price (ASP) is difficult due to the variety in materials, sizes, and features between product categories. Despite this obstacle, pricing segmentation enables firms to efficiently target certain consumer categories and customise their offerings to changing demands. Established competitors continue to dominate the food storage container industry thanks to their large product portfolios and strong brand recognition. Furthermore, local companies emerge as serious competitors, exploiting their knowledge of local consumer tastes and market dynamics. Furthermore, the industry is seeing the development of new participants offering innovative and sustainable solutions to meet the growing need for environmentally friendly options. These newcomers bring new viewpoints and disruptive technology, increasing competitiveness and driving innovation in the industry.

The food storage container market encompasses a variety of product types catering to diverse consumer needs. Leading the market are bottles and jars, typically crafted from glass or plastic, offering versatility in storing liquids, dry goods, and even hot foods. Boxes, available in cardboard, plastic, or metal, provide alternative storage solutions, while cans, sealed metal containers, remain popular for commercially processed and shelf-stable foods. Cups and tubs, predominantly plastic-made, are experiencing growth, diversifying in sizes and lid mechanisms. Additionally, other innovative options such as bags, pouches, lunch boxes for portability, nesting containers for space-saving storage, silicone bags for sous vide cooking, and reusable cloth wraps for bowl covering are gaining traction. Plastic remains the leading material in the market, offering affordability and durability, while glass and metal are experiencing growth due to their perceived sustainability and hygiene benefits. In terms of application, refrigerator storage holds the dominant position, followed by freezer storage and pantry storage. Notably, the on-the-go and lunch container segment is witnessing growth, reflecting evolving consumer lifestyles and preferences for convenient food packaging solutions. Overall, the food storage container market presents a diverse landscape, driven by innovation, sustainability considerations, and changing consumer behaviours.

Investments in bioplastics manufacturing facilities have increased dramatically in recent years, showing a significant change towards sustainability in the industry. This trend reflects a growing awareness of the environmental consequences of traditional plastics, as well as a purposeful attempt to transition to more environmentally friendly alternatives. Companies are rapidly investing in R&D to develop bioplastics that can efficiently replace traditional plastics in a variety of applications, including packaging and consumer goods. This investment frenzy reflects a broader commitment to decreasing carbon footprints and combating plastic pollution issues. Mergers and acquisitions have become common in the industry, indicating a consolidation trend. As businesses look to strengthen their market positions and streamline operations, they are turning to strategic mergers and acquisitions. Consolidation activities allow businesses to economise resources, increase efficiency, and broaden their product offerings. Furthermore, mergers and acquisitions create economies of scale, allowing businesses to cut costs while increasing market competitiveness. The consolidation trend is expected to change the industry landscape, with larger conglomerates emerging as prominent actors. When comparing the industry dynamics of Mexico and Brazil, it is clear that both countries prioritise cost, however Mexico's market size may be significantly less. Despite this, Mexico has a thriving plastics manufacturing industry, with easily available raw ingredients for production. This advantage increases the country's competitiveness in the global market and strengthens its position as a significant player in the industry. However, in Mexico, the availability of sustainable materials such as glass may be limited when compared to plastics, emphasising potential areas for industry growth and development. In contrast, the US market stands out for its maturity, as evidenced by a higher penetration of premium and specialist containers. This suggests that consumers are prepared to pay more for high-quality, specialised products, which drives market innovation and distinctiveness. The mature structure of the US market also allows corporations to offer unique packaging methods and cater to changing consumer preferences.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Food Storage Container market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Bottles & Jars
• Boxes
• Cans
• Cups & Tubs
• Others (Bags and pouch)

By Material
• Plastic
• Glass
• Metal
• Others

By Application
• Refrigerator storage
• Freezer Storage
• Pantry Storage
• On-the-go $ Lunch Containers
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Food Storage Container industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.