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Published Date: 2017-03-10Number of Pages: 74

Industrial Bulk Packaging Market (Product Type - Drums, IBC, Pails, and Jerry Cans; Application - Chemicals & Petrochemicals, Food & Beverages, and Pharmaceuticals) - Mexico Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024

Mexico Industrial Bulk Packaging Market: Snapshot 

The Mexico market for industrial bulk packaging has been expanding steadily for the last few years. The rise in industrialization and the increased shipment of goods in this country have driven a significant demand for industrial bulk packaging here. Boosted by this, this market was expected to reach US$232.0 mn by 2016. 

Going forwards, the improving performance of the manufacturing sector and the rising industrial output are likely to reflect positively on the performance of the industrial bulk packaging market in Mexico over the forthcoming years. With a stable economic condition in the country, the market is anticipated to gain substantially from the rebounded performance of the chemicals sector, which is one of the prominent consumers of bulk industrial containers. Projected to rise at a CAGR of 5.50% between 2016 and 2024, the market is likely to reach a value of US$357 mn by the end of 2024. 

The manufacturers of industrial bulk packaging materials are leveraging their in-house research and development capabilities to innovate products that suit specific requirements. Along with this, the players are also emphasizing on the technological advancements of their current offerings to meet the exact requirements of customers. However, this is a difficult marketplace, where customer-specific needs are rarely communicated to product developers, which, to an extent, hampers the market’s growth. Apart from this, the supply chain complexities are also creating manufacturing issues for producers, which is likely to hinder this market in the long run. 

mexico industrial bulk packaging market

Demand for Drums to Remain High 

Drums, intermediate bulk containers (IBCs), pails, and jerry cans are some of the key products available in the Mexico industrial bulk packaging market. Among these, the demand for drums has been significantly higher than other products and is expected to remain so, rising at a CAGR of 4.90% from 2016 to 2024. Plastic, steel, and fiber/paperboard are the main components of the drum segment. With players shifting towards the sustainable packaging solutions over plastic and steel materials, the fiber/paperboard sub-segment is likely to witness considerable rise over the next few years. 

Among others, IBCs are also projected to exhibit a significant rise in their demand in the near future, thanks to the remarkable progress in the chemical industry in Mexico. On the other hand, the demand for pails is expected to grow at a moderate pace over the forthcoming years, driven by their usage in a broad range of mid-sized applications, such as paints and coatings. Similarly, Jerry cans are also anticipated to witness stable growth rate in the years to come. 

Chemicals and Petrochemicals to Surface as Leading Application Area of Industrial Bulk Packaging 

The chemicals and petrochemicals, food and beverages, and the pharmaceuticals sectors are the prime application areas of industrial bulk packaging across the world. The chemicals and petrochemicals sector have been registering a strong demand for industrial bulk packaging in Mexico, acquiring the top position among the end users. Analysts predict the scenario to remain so over the forthcoming years, increasing at a CAGR of 5.20% from 2016 to 2024. 

Containers, such as rigid IBCs and drums, are mostly preferred for the packaging of chemicals and petrochemicals products and are expected continue like this in the near future due to high concentration of these products.  The demand for industrial bulk packaging is also anticipated to increase considerably in the pharmaceuticals industry over the next few years. 

Some of the leading vendors of industrial bulk packaging in Mexico are Hoover Container Solutions Inc., Mauser Group B.V., International Paper Co., Greif Inc., Menasha Corp., Cleveland Steel Container Corp., and Composite Containers LLC.

1.Executive Summary

2.Research Methodology

3.Assumptions and Acronyms Used

4.Market Introduction
    4.1.Taxonomy
    4.2. Value Chain

5.Market Dynamics
    5.1. Drivers
    5.2. Restraints

6.Mexico Industrial Bulk Packaging Market Overview
    6.1. Value (US$ Mn) and Volume (‘000’ Units)
    6.2. Absolute $ Opportunity

7.Mexico Industrial Bulk Packaging Market Analysis, by Product type
    7.1.Introduction
          7.1.1.Market share and Basis Points (BPS) Analysis By Product Type
          7.1.2.Y-o-Y Growth Projections By Product Type
    7.2.Market Size (US$ Mn) and Volume (‘000’ Units) Forecast, By Product Type
          7.2.1.Drums
          7.2.2.IBC
          7.2.3.Pails
          7.2.4.Jerry Cans
    7.3. Market Attractiveness Analysis, By Product Type

8.Mexico Industrial Bulk Packaging Market Analysis, by Application
    8.1.Introduction
          8.1.1.Market share and Basis Points (BPS) Analysis By Application
          8.1.2.Y-o-Y Growth Projections By Application
    8.2.Market Size (US$ Mn) and Volume (‘000’ Units) Forecast, By Application
          8.2.1.Chemicals & Petrochemicals
          8.2.2.Food & Beverages
          8.2.3.Pharmaceuticals
          8.2.4.Others
    8.3. Market Attractiveness Analysis, By Application

9.Competitive Landscape
    9.1.Competition Dashboard
    9.2.Company Profiles (Details – Overview, Financials, Strategy, Recent Developments, SWOT analysis)
          9.2.1.Mauser Group B.V.
                  •Overview
                  •Financials
                  •Strategy
                  •Recent Developments
                  •SWOT analysis
          9.2.2.Greif, Inc.
                  •Overview
                  •Financials
                  •Strategy
                  •Recent Developments
                  •SWOT analysis
          9.2.3.International Paper Company
                  •Overview
                  •Financials
                  •Strategy
                  •Recent Developments
                  •SWOT analysis
          9.2.4.Hoover Container Solutions, Inc.
                  •Overview
                  •Financials
                  •Strategy
                  •Recent Developments
                  •SWOT analysis
          9.2.5.Menasha Corporation
                  •Overview
                  •Financials
                  •Strategy
                  •Recent Developments
                  •SWOT analysis
          9.2.6.Cleveland Steel Container Corporation
                  •Overview
                  •Financials
                  •Strategy
                  •Recent Developments
                  •SWOT analysis
          9.2.7.Composite Containers LLC
                  •Overview
                  •Financials
                  •Strategy
                  •Recent Developments
                  •SWOT analysis

List of Figures

Figure 01: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), 2015–2024
Figure 02: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), 2016?2024
Figure 03: Mexico Industrial Bulk Packaging Value Share (%) and BPS Analysis by Product Type 2016 & 2024
Figure 04: Mexico Industrial Bulk Packaging Market Y-o-Y Growth, by Product Type, 2015–2024
Figure 05: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by Drum Segment 2015–2024
Figure 06: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by Drum Segment 2016?2024
Figure 07: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by IBC Segment 2015–2024
Figure 08: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by IBC Segment 2016?2024
Figure 09: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by Pails Segment 2015–2024
Figure 10: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by Pails Segment 2016?2024
Figure 11: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by Jerry Cans Segment 2015–2024
Figure 12: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by Jerry Cans Segment 2016?2024
Figure 13: Mexico Industrial Bulk Market Attractiveness, by Product Type, 2016–2024
Figure 14: Mexico Industrial Bulk Packaging Value Share (%) and BPS Analysis by Application 2016 & 2024
Figure 15: Mexico Industrial Bulk Packaging Market Y-o-Y Growth, by Application, 2015–2024
Figure 16: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by Chemicals & petrochemicals segment 2015–2024
Figure 17: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by Chemicals & petrochemicals segment 2016?2024
Figure 18: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by Food & Beverage Segment 2015–2024
Figure 19: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by Food & Beverage Segment 2016?2024
Figure 20: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by Pharmaceuticals Segment 2015–2024
Figure 21: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by Pharmaceuticals Segment 2016?2024
Figure 22: Mexico Industrial Bulk Packaging Market Value (US$ Mn) and Volume ('000 Units), by Others Segment 2015–2024
Figure 23: Mexico Industrial Bulk Packaging Market Absolute $ Opportunity (US$ Mn), by Others Segment 2016?2024
Figure 24: Mexico Industrial Bulk Market Attractiveness, by Application, 2016–2024

List of Tables

Table 01: Mexico Industrial Bulk Packaging Market Size (US$ Mn) and Volume ('000 Units), by Product type, 2015–2024
Table 02: Mexico Industrial Bulk Packaging Market Size (US$ Mn) and Volume ('000 Units), by Application, 2015–2024

Mexico Industrial Bulk Packaging Market: Overview 

This report provides forecast and analysis of the Mexico industrial bulk packaging market. The study provides historic data of 2015 along with forecast from 2016 to 2024 based on volume (Thousand units) and revenue (US$ Mn). It includes drivers, restraints and the ongoing trend of the Mexico industrial bulk packaging market along with their impact on demand during the forecast period. The report also comprises the study of opportunities available in the market for Mexico industrial bulk packaging market. 

Factors which are contributing to the growth of industrial bulk packaging are increasing urbanization, increase in industrial spending on packaged goods. Rigid packaging consumption will also be supported by the extensive and expanding recycling infrastructure for metal, glass, and plastic. Chemicals and petrochemicals sector is the most significant end-use market for industrial bulk packaging. The chemicals market represents maximum revenue of the steel drum and rigid intermediate bulk containers (IBC) market. 

Mexico Industrial Bulk Packaging Market: Research Methodology 

In order to provide the users of this report with comprehensive view of market, we have included detailed competitiveness analysis and company players. The competitive dashboard provides detailed comparison of Mexico industrial bulk packaging market manufacturers on parameters such as company’s revenue, unique selling propositions and key strategic developments. The study encompasses market attractiveness analysis, by product type and application type. 

Market statistics have been estimated based on average consumption and weighted average pricing of Mexico industrial bulk packaging market by product type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of Mexico market. The Mexico industrial bulk packaging market has been analyzed based on expected demand of the various industrial bulk packaging products. Prices considered for the calculation of revenue are average prices obtained through primary quotes from numerous industrial packaging manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Market numbers for the product type and application segments have been derived using the top down approach. 

Factors which are contributing to the growth of industrial bulk packaging are increasing urbanization, increase in industrial spending on packaged goods. Rigid packaging consumption will also be supported by the extensive and expanding recycling infrastructure for metal, glass, and plastic. Chemicals and petrochemicals sector is the most significant end-use market for industrial bulk packaging. The chemicals market represents maximum revenue of the steel drum and rigid intermediate bulk containers (IBC) market. The market has been forecast based on constant currency rates. A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Industrial Association, Packaging Digest, Packaging world, and Hoover’s, and company annual reports and publications. 

Companies Mentioned in this Report 

The report provides detailed competitive outlook including company profiles of key participants operating in the Mexico market. Key players in the Mexico industrial bulk packaging market include Mauser Group B.V., Greif, Inc., International Paper Company, Hoover Container Solutions, Inc., Menasha Corporation, Cleveland Steel Container Corporation, and Composite Containers LLC. 

The Mexico industrial bulk packaging market is segmented below 

By Product Type

  • Drums
    • Plastic
    • Steel
    • Fiber/Paperboard
  • IBC
    • Plastic
    • Steel
    • Fiber/Paperboard
  • Pails
    • Plastic
    • Steel
  • Jerry Cans
    • Plastic
    • Steel 

By Application

  • Chemicals & Petrochemicals
  • Food & Beverages
  • Pharmaceuticals
  • Others


 
 
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