Mexico Plastic Caps and Closures Market 2021 Outlook with Key Industry Manufacturers - Albea Reynosa, Silgan Holdings Inc., Closure Systems International Inc., Guala Closures Mexico SA DE CV

Latest released, the research study on Mexico Plastic Caps and Closures Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Mexico Plastic Caps and Closures Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Mexico Plastic Caps and Closures. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Albea Reynosa, Silgan Holdings Inc., Closure Systems International Inc., Guala Closures Mexico SA DE CV, Essel, BERICAP North America Inc.

The Mexico plastic caps and closures market is expected to register a CAGR of 4% during the forecast period (2021-2026).

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Industry News and Updates:

- December 2019, Bericap UK's NEC stand will feature the expansion of the range of the caps and closures manufactured at the company's site in Hull. As part of Bericap's broader global product and capacity growth, the new UK manufactured products increase the diversity of caps, closures, and associated products, as well as the local capacity and availability to supply the UK domestic market.
- November 2019 - At this BrauBeviale in Nuremberg, BERICAP, one of the world's leading manufacturers of plastic closures, will demonstrate how individual drinking comfort can be optimally combined with environmental protection and recycling. They will also learn more about various weight-reduced closures, and how sports caps add more dynamism to their product range.

Polyethylene Terephthalate(PET) to Account for a Significant Share

- Increasing the growth of packaged food is positively impacting the growth of the 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. Consumers 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 market.
- According to the United States country commercial guide, Mexico produces 80 percent of domestic demand for PE, PP, PET, and PVC. Two large companies, Alpek and Braskem/IDESA, are responsible for the majority of the produced volume. Moreover, Mexico has Latin Americas largest recycling ratio of plastic waste at around 58%; however, that is only a portion of the countrys 17% overall recycling rate. Almost 40% of recycled PET materials are exported. Efforts such as these that cater to environmental concerns regarding the increased use of plastic plays a vital role in achieving sustainable growth in the market.

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