MEXICO INDUSTRIAL BULK PACKAGING MARKET ANALYSIS
Mexico industrial bulk packaging market was valued at US$ 643.0 Million in 2022 in terms of revenue, exhibiting a CAGR of 6.7 % during the forecast period (2023 to 2030).
Market Trends
Increasing wine trade in Mexico, owing to the increasing consumption of wine around the globe, is a major trend in the market. A rapidly growing population coupled with increasing disposable income and changing spending patterns is creating demand for various consumer goods. Moreover, the growing transportation of minerals and semi-finished products is also expected to propel the market growth of Mexico industrial bulk packaging.
Mergers and acquisitions by key manufacturers for business expansion is a growing trend in the market. This trend is expected to spur the market growth of Mexico industrial bulk packaging. For instance, in April 2018, ORBIS Corporation, a provider of reusable packaging and part of Menasha Corporation, acquired Response Packaging, headquartered in Piedmont, South Carolina. Response Packaging has 245 employees in the U.S. and Mexico and serves the automotive and industrial markets.
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