MEXICO INDUSTRIAL BULK PACKAGING MARKET ANALYSIS

Market News

Recent Developments

• In April 2020, Greif, Inc., a manufacturer of packaging products, offers industrial packaging products such as steel, fiber, and plastic drums, rigid intermediate bulk containers, transit protection products, closure systems for industrial packaging products, water bottles, and reconditioned containers, acquired a minority stake in Centurion Container LLC, in order to expand its intermediate bulk container (IBC) reconditioning network in North America. This acquisition of Centurion Container LLC is expected to enhance the company’s IBC and IBC reconditioning businesses.
•  In 2020, Mexico saw a dramatic decrease in packaging and processing machinery acquisition, mostly driven by perceived political instability, unclear government policies, and heightened risk concerning foreign direct investment, exchange rate fluctuations, and the slowdown of the economy as a result of the global pandemic.
• In January 2021, Mauser Packaging Solutions launched the KORTRAX barrier tight-head container, expanding its portfolio of tight-head containers