Mexico - North America Food Wrap Market Size & Outlook
Global Market
Related Markets
Mexico food wrap market highlights
- The Mexico food wrap market generated a revenue of USD 244.0 million in 2023 and is expected to reach USD 370.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
Food wrap market data book summary
| Market revenue in 2023 | USD 244.0 million |
| Market revenue in 2030 | USD 370.8 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, Mexico accounted for 4.7% of the global food wrap market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. food wrap market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,747.2 million by 2030.
The Mexico food wrap market is expected to witness significant growth over the forecast period. This growth is attributed to the expanding restaurant industry in the country, which is dominated by micro and small food service businesses. Additionally, the share of international, as well as domestic food chains, is increasing due to the presence of favorable government regulations in Mexico.
In addition, online food delivery is an emerging trend in the country, while the trend of take-out/home delivery is becoming more popular in Mexico. This is expected to drive market growth in Mexico over the forecast period.
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Publish Date: Oct 15, 2024
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amcor PLC | View profile | 41,000 | 83 Tower Road North, Warmley, Bristol, United Kingdom, BS30 8XP | www.amcor.com |
| Berry Global Group Inc | View profile | 44,000 | 101 Oakley Street, Evansville, IN, United States, 47710 | www.berryglobal.com |
| Ahlstrom-Munksjö | View profile | 5001-10000 | Helsinki, Southern Finland, Finland, Europe | www.ahlstrom-munksjo.com/ |
| Mitsubishi Chemical Group Corp | View profile | 74,632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | www.mcgc.com |
| Reynolds Consumer Products Inc Ordinary Shares | View profile | 6,000 | 1900 W. Field Court, Lake Forest, IL, United States, 60045 | www.reynoldsconsumerproducts.com |
| Georgia-Pacific Packaging & Cellulose | View profile | 251-500 | Atlanta, Georgia, United States, North America | www.gppackaging.com |
| ProAmpac | View profile | 5001-10000 | Cincinnati, Ohio, United States, North America | www.proampac.com/ |
| Veritiv | View profile | 10001+ | Atlanta, Georgia, United States, North America | www.veritivcorp.com |
| Pixelle Specialty Solutions | View profile | 1001-5000 | Spring Grove, Pennsylvania, United States, North America | www.pixelle.com/ |
| Huhtamaki | View profile | 10001+ | Espoo, Southern Finland, Finland, Europe | huhtamaki.com/ |
Mexico - North America Food Wrap Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Food Wrap Market Outlook will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 55.94% in 2023.
Horizon Databook has segmented the Mexico - North America food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
The Mexico food wrap market is expected to witness significant growth over the forecast period. This growth is attributed to the expanding restaurant industry in the country, which is dominated by micro and small food service businesses. Additionally, the share of international, as well as domestic food chains, is increasing due to the presence of favorable government regulations in Mexico.
In addition, online food delivery is an emerging trend in the country, while the trend of take-out/home delivery is becoming more popular in Mexico. This is expected to drive market growth in Mexico over the forecast period.
- Mexico - North America Food Wrap Market Material Outlook (Revenue, USD Million , 2018-2030)
- Plastic Foil
- Aluminum Foil
- Paper
- Mexico - North America Food Wrap Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food Service
- Online
- Institutional
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Target buyers of Food Wrap Market Outlook databook
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Food Wrap Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Food Wrap Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Food Wrap Market, 2018-2030 (US$M)
Mexico food wrap market statistics, by material, 2018-2030 (Kilo Tons)
