Mexico Caps and Closure Market Research Report, 2029

The caps and closures market in Mexico is governed by a comprehensive framework of regulations aimed at ensuring consumer safety, environmental sustainability, and the integrity of products. Under the General Health Law, there are strict safety standards for food, beverage, and pharmaceutical packaging. These require caps and closures that ensure non-contamination and are tamper-evident. Specific standards, such as NOM-051-SCFI/SSA1-2010, require labeling that indirectly influences the design of closures to truthfully and clearly inform consumers about the product. With regard to environmental sustainability, the General Law on the Prevention and Integral Management of Waste is an avenue toward increased utilization of recyclable and biodegradable materials, placing it at the level of international practices regarding "green" packaging. The legislative reforms that introduced Extended Producer Responsibility (EPR) require companies to take responsibility for the lifecycle of their products, down to post-consumer waste, guiding the market toward more sustainable practices. Caps and closures can move freely across borders under trade deals, such as USMCA, given compliance with the regulations in force, whereas pharmaceutical and food packaging are strongly regulated by COFEPRIS and SAGARPA to provide a high level of safety and efficacy for pharmaceuticals and food products. It is in bridging these complex regulatory gaps that market players could guarantee compliance, consumer health protection, and environmental sustainability. The food industry is one of the significant contributors to the caps and closures market in Mexico. The increased demand for packaged food and pharmaceutical products may drive market growth during the spread of COVID-19. However, claims regarding the survival of the virus up to 72 hours on materials, such as plastic and stainless steel, hamper growth. stringent environmental regulations controlling the increasing use of PET has led to rising demand for environmentally friendly alternatives, such as High-Density Polyethylene (HDPE) to some extent, and are expected to impact the growth of the market negatively. According to the research report "Mexico Caps and Closures Market Research Report, 2029," published by Actual Market Research, the Mexico Caps and Closures market is expected to reach a market size of more than USD 2 Billion by 2029. Increasing the growth of packaged food is positively impacting the growth of the Mexican market. The major categories of packaged food are bakery products and frozen processed food. Some of the emerging categories in this sector are frozen ready to eat foods as storage life can be extended, notably by making storage temperatures colder. Consumer’s expectations of food quality are rising. There is an increase in the frozen food packaging market with the consumer appreciation of the product quality leading to the growth of caps and closures in the Mexican market. Another factor affecting caps and closures demand is the continued shift from the use of glass bottles and jars to plastic packaging. Advances in technology and production (e.g., hot-fill processing and barrier technologies) have allowed gains in plastic bottles and jars from glass alternatives. The Mexican market is one of the largest 'per capita" consumers of soft drinks in the world. But increasing health consciousness and concerns of obesity are leading to a growing focus on water and non-carbonated beverages. As physical activity across the country grows, the demand for energy drinks will improve, leading to the growth of caps and closures in the country. Rising consumption of packaged food products, Ready-To-Eat (RTE) meals, and on-the-go snacks is anticipated to drive segment growth over the forecast period. Moreover, in the healthcare segment, caps and closures are used for sealing bottles and cans of drugs, supplements, saline bottles, and vaccine vials among others. Growing demand for senior-friendly as well as child-resistant closures that minimize incidences of accidental ingestion of over the counter (OTC) medications by infants and children is expected to augment demand for caps and closures.

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Plastic are the most used raw material in caps and closures in Mexico because it is cheap, versatile, and easy to be processed. Plastic closures are preferred for being of lesser weight, therefore reducing freight costs, and for their potential to be injection molded into different forms and sizes for various packaging needs. Plastic has been widely used due to its appropriateness in numerous applications: food and beverages, personal care, household items, etc. Moreover, innovations made to plastic technology, such as tighter seals or changeable designs, further strengthen this power. Metals have huge growth in the Mexican market due to an increase in demand for premium and sustainable packaging solutions. Due to the fact that metal closures are durable, secure, and recyclable, the areas of their application include industries related to food, beverages, and high-end care products. A major drive in this surge is the trend toward greener packaging solutions and consumer demand for recyclable raw materials. Metals exude an upscale appearance and provide efficient tamper evidence, thus attracting both manufacturers and consumers. Glass closures are considered of a premium nature, owing to their fine feel and preservative properties, although they are less frequent due to the cost associated with this material and the fact that glass breaks relatively easily. Closures made of wood are not so much applied in mainstream packaging but make a distinct association with specialty or artisanal products where traditional aesthetics are at stake. While rubber and elastomers can provide flexibility and effective sealing, they are seldom used because they are costly and have narrower applications compared to plastics and metals. Paperboards are the fast-growing segment in the sustainable packaging industry due to their eco-friendliness, but still constitute a smaller share because of their limitations with respect to durability and sealing performance compared to other materials. Food & Beverages is the leading end-user industry in Mexico, considering that a huge demand for packaging solutions that would maintain freshness, safety, and comfort for their product already exists. Caps and closures, in this respect, play a very crucial role in the integrity of food and beverage products, as they ensure tamper evidence and airtight sealing. The large amount of packaged goods that are either consumed locally or exported from Mexico underlines the need for reliable closures. Improvements in the packaging technology, such as superior sealing and easier manipulation, further support this segment's leadership. Cosmetics and Toiletries are growing strongly in Mexico, mostly due to an increase in consumer expenditure for personal care products and a leading preference for premium and innovative packaging. Closure solutions offering ease of use, metered dosing, and outstanding design support growth in this segment by addressing the ever-growing demand for convenience and aesthetics in personal care products. Another reason for the growth in this segment could be that consumers are now trending more towards eco-friendly and functional packaging solutions. The pharmaceutical and healthcare industries use closures that are subject to a variety of strict, regulatory-based requirements related to safety and tamper evidence for medical products. This segment is relevant for health and safety reasons, growth rates are far more stable compared to the other two categories, Food & Beverages and Cosmetics, which grow dynamically. The focus is on complying and reliability rather than fast growth. Other industries, such as Chemical and Automotive, use tailor-made closures that best fit their needs. The chemical closures have the ability to corrode by substances and provide tight sealing, while the automotive closures are applied for a different number of fluid containers and need to be strong under severe conditions. Screw closures dominate the market due to their wide field of operation, usability, and reliability. Closures are versatile and find application across a broad spectrum of industries: food and beverages, personal care, and pharmaceuticals. The design allows a tight seal, which prevents leakage and contamination and makes it easy to reseal. Screw closures are preferred because they are cost-effective and can be used in high-volume production, thus consolidating their lead in the Canadian market. Easy-Open Can Ends be gaining fast, driven by consumer demand for convenience and ease of use. Closures are constantly gaining favor in the food and beverage industry, that holds a high regard for quick and easy access. Thus, with convenience foods and ready-to-eat meals on a rise in Mexico, easy-open can ends benefit greatly from playing into this user-friendly solution and enhancing the overall consumer experience. Metal Lug Closures preserve foods and beverages in jars with great frequency. They have a crimped edge that secures firmly with a metal lid. Much less common than screw closures, they are still popular because they stay on longer and enhance quality. They are important for products which need to be both strong and tamper evident. Dispensing Caps control the flow of liquids or powders from a container and therefore find application in very important products, such as personal care items, cleaning solutions, and pharmaceuticals. Some of the major areas they provide service to include those that require controlled product release, which requires dispensing and usability features. Some others include various sorts of specialized closures not otherwise mentioned under any of the main categories. It includes those closures used in niche applications and by emerging technologies, further adding diversity to the market.

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Kripa Shah

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Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Caps and Closure 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 Raw Material • Plastic • Metals • Others (Glass, wood, Rubber & Elastomers and paperboads)

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By End user Industries • Food & beverages • Cosmetics and Toiletries • Pharmaceutical & health care • Others (chemical and automotive) By Types • Screw Closures • Easy-Open Can End • Metal Lug Closures • Dispensing Caps • 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 Caps and Closure 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.