Mexico Paper & Paperboard Packaging Market Outlook

The paper and paperboard packaging market in mexico is a highly competitive yet promising sector with a projected cagr of 3.8% during 2018 to 2032. the market was valued at 4,104.7 million usd in 2017 and is likely to see a rise in the coming years. the growing demand in the foodservice and automotive industry are some of the key factors driving the growth of the paper and paperboard packaging market in mexico. the food industry is the largest user of paper and paperboard packaging, and the mexican market has been witnessing a steady increase in the consumption of packaged food products by manufacturers, retailers, and consumers. this has been further strengthened with the introduction of diverse product portfolios to meet consumer expectations. the rising demand for convenience products and the use of e-commerce in mexico have also triggered the growth of the market. the increasing consumer focus on sustainable packaging solutions is also a crucial factor positively impacting the growth of the paper and paperboard packaging market in mexico. this has encouraged manufacturers to invest in green initiatives such as the use of recycled paper and development of biodegradable packaging. furthermore, the increasing government commitments to promote the use of innovative packaging solutions and the emergence of a new culture of adept and technology-driven packaging are some of the other factors further propelling the market. despite the numerous growth prospects, the paper and paperboard packaging market in mexico is restrained by the high operational cost of processing and the scarcity of raw materials. the environmental concerns, such as the issue of air pollution caused by the use of paper and paperboard packaging material, are also contributing to the limitations of the market. nevertheless, with the rising technological advancements, manufacturers are likely to experience a surge in opportunities in the coming years. to conclude, it can be said that the paper and paperboard packaging market in mexico is well-poised for growth during 2018 to 2032. manufacturers are expected to benefit from the rising demand in the foodservice and automotive industry due to the growing preference for proven packaging solutions.