Mexico Industrial Bulk Packaging Market, By Product Type (Drums, IBC, Pails, and Jerry Cans) and By Application (Chemicals & Petrochemicals, Food & Beverages, Pharmaceuticals, and Others)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
The Mexican economy has grown rapidly for the past couple of years, making Mexico a great place to do business. An increase in the international shipment of products into the country and rapid industrial development have caused a significant need for industrial bulk packaging in this country. This market is very competitive, as there are so many companies in Mexico offering the same types of services. Therefore, it becomes necessary for businesses to do a little bit of research to ensure they get the best package. One way that businesses are finding out which companies offer the best service and quality for their money is to ask to see samples of their work. Companies that have done numerous consultations and have delivered excellent packages with no complaints are often a good place to start.
Market Dynamics
Launch of new products is expected to propel growth of Mexico industrial bulk packaging market over the forecast period. For instance, in January 2021, Mauser Packaging Solutions launched KORTRAX barrier tight-head container, expanding its portfolio of tight-head containers.
Mexico industrial bulk packaging market is witnessing a rise in the cost of products. For instance, in August 2021, Greif, Inc. announced to implement a US$ 70 per ton price increase for all grades of uncoated recycled paperboard and an 8.5% increase on all tube and core and protective packaging products.
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