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Plastic Products Manufacturing in Mexico - Market Research Report (2009-2024)

Smith Sanders IV Smith Sanders IV New York, United States Last Updated: April 2019 NAICS 32611MX

Revenue

$321.4bn

2019

$321.4bn

Past 5-Year Growth

Profit

$XX.Xbn

Employees

273k

Businesses

3,641

Wages

$XX.Xbn

Plastic Products Manufacturing in Mexico industry analysis

The Plastic Products Manufacturing industry in Mexico is primarily engaged in the production of plastic bags, bottles, films, pipes, laminated plastics, polystyrene foam products, urethane foam products and other plastic products. The industry also produces nonsensitized plastic sheets and films; domes; foams for acoustic and thermal insulation; disposal plastic plates and cutlery; plastic tanks; plastic doors and windows; and plastic mesh products for agricultural and industrial use. Over the five years to 2019, the industry has experienced healthy growth due to increasing demand from domestic industrial and consumer markets as well as export markets. Over the five years to 2024, the industry is expected to continue growing, but at a slower rate due to cooling demand for exports.

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    Market size and recent performance (2009-2024)

    Industry revenue has grown at a CAGR of 3.2% over the past five years, to reach an estimated $321.4bn in 2019.

    Trends and Insights

    • As a result of sustained demand for the industry's products, industry employment is expected to grow
    • Additional trends and insights available with purchase

    Biggest companies in the Plastic Products Manufacturing in Mexico

    Company
    2019
    Market Share (%)
    2019
    Revenue ($m)
    2019
    Profit ($m)
    2019
    Profit Margin (%)
    2019
    Saudi Basic Industries Corporation
    DowDuPont Inc.
    Reynolds Group Holdings Ltd.

    To view the market share and analysis for all 4 top companies in this industry, view purchase options.

    Products & Services Segmentation

    Industry revenue is measured across several distinct product and services lines, including Plastic films, sheets and bags, Plastic pipes and parts and Laminated plastic products. Plastic films, sheets and bags is the largest segment of the Plastic Products Manufacturing in Mexico.

    Trends and Insights

    • In 2019, plastic auto components are expected to account for 24.2% of industry revenue.

    Table of Contents

    About this industry

    Industry definition

    The Plastic Products Manufacturing industry in Mexico is primarily engaged in the production of plastic bags, bottles, films, pipes, laminated plastics, polystyrene foam products, urethane foam products and other plastic products. The industry also produces nonsensitized plastic sheets and films; domes; foams for acoustic and thermal insulation; disposal plastic plates and cutlery; plastic tanks; plastic doors and windows; and plastic mesh products for agricultural and industrial use. Over the five years to 2019, the industry has experienced healthy growth due to increasing demand from domestic industrial and consumer markets as well as export markets. Over the five years to 2024, the industry is expected to continue growing, but at a slower rate due to cooling demand for exports.

    What's included in this industry?

    Manufacturing plastic film for bags and packagingManufacturing unlaminated plastic sheets (except packaging)Manufacturing laminated plasticManufacturing plastic bottlesManufacturing plastic motor vehicle partsManufacturing plastic housewares (e.g. fixtures and fittings)Plastic films, sheets and bagsPlastic pipes and partsLaminated plastic productsPolystyrene foam productsUrethane foam productsPlastic bottlesPlastic auto componentsOther plastic products

    Companies

    Saudi Basic Industries CorporationDowDuPont Inc.Reynolds Group Holdings Ltd.

    Purchase this report to view all 4 major companies in this industry.

    Related Terms

    INJECTION MOLDINGPOLYETHYLENEPOLYSTYRENE

    Industry Code

    NAICS

    NAICS 32611MX - Plastic Products Manufacturing in Mexico

    Performance

    Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

    Analyst insights

    Industrial production index. Manufacturers from a variety of industries, including automobiles, appliances, packaged food and others, use plastic products in the manufacturing...

    In this chapter (4)

    • Current Performance
    • Outlook
    • Volatility
    • Life Cycle

    Key metrics

    • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
    • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
    • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
    • Total Profit, Profit Margin, Profit per Business

    Charts

    • Revenue, including historical (2009-2018) and forecast (2019-2024)
    • Employees, including historical (2009-2018) and forecast (2019-2024)
    • Businesses, including historical (2009-2018) and forecast (2019-2024)
    • Profit, including historical (2009-2019)
    • Industry Volatility vs. Revenue Growth
    • Industry Life Cycle

    Detailed analysis

    • Trends in supply, demand and current events that are driving current industry performance
    • Expected trends, economic factors and ongoing events that drive the industry's outlook
    • Key success factors for businesses to overcome volatility
    • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

    Products and Markets

    Learn about an industry's products and services, markets and trends in international trade.

    Analyst insight

    • In 2019, plastic auto components are expected to account for 24.2% of industry revenue.

    In this chapter

    • Products & Services
    • Major Markets

    Key metrics

    • Largest market segment and value in 2019
    • Product innovation level

    Charts

    • Products & services segmentation in 2019
    • Major market segmentation in 2019

    Detailed analysis

    • Trends impacting the recent performance of the industry's various segments
    • Innovations in the industry's product or service offering, specialization or delivery method
    • Key factors that successful businesses consider in their offerings
    • Buying segments and key trends influencing demand for industry products and services

    Geographic Breakdown

    Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

    Analyst insights

    The Plastic Products Manufacturing industry in Mexico is concentrated in the center of the country, with the highest concentration of establishments located in the Southwester...

    In this chapter (1)

    • Business Locations

    Charts

    • Share of revenue, establishment, wages and employment in each region
    • Share of population compared to establishments in each region in 2019

    Tables

    • Number and share of establishments in each region in 2019
    • Number and share of revenue each region accounts for in 2019
    • Number and share of wages each region accounts for in 2019
    • Number and share of employees in each region in 2019

    Detailed analysis

    • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
    • Key success factors for businesses to use location to their advantage

    Competitive Forces

    Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

    Analyst insights

    Economies of scale. Manufacturers with larger plastic resin requirements may be in a stronger position to negotiate lower prices with suppliers.

    In this chapter (4)

    • Concentration
    • Barriers to Entry
    • Substitutes
    • Buyer & Supplier Analysis

    Key metrics

    • Industry concentration level
    • Industry competition level and trend
    • Barriers to entry level and trend
    • Substitutes level and trend
    • Buyer power level and trend
    • Supplier power level and trend

    Charts

    • Market share concentration among the top 4 suppliers from 2014-2019
    • Supply chain including upstream supplying industries and downstream buying industries, flow chart

    Detailed analysis

    • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
    • Key success factors for businesses to manage the competitive environment of the industry.
    • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
    • Key success factors for potential entrants to overcome barriers to entry.
    • Competitive threats from potential substitutes for the industry’s own products and services.
    • Key success factors for how successful businesses can compete with substitutes.
    • Advantages that buyers have to keep favorable purchasing conditions.
    • Advantages that suppliers have to maintain favorable selling conditions.
    • Key success factors for how businesses can navigate buyer and supplier power.

    Companies

    Learn about the performance of the top companies in the industry.

    Analyst insights

    Headquartered in Riyadh, Saudi Arabia, the Saudi Basic Industries Corporation (SABIC) is a diversified chemical, industrial polymer and fertilizer manufacturer with more than ...

    In this chapter

    • Market Share Concentration
    • Companies
    • Company Spotlights

    Charts

    • Industry market share by company in 2015 through 2019
    • Major companies in the industry, including market share, revenue, profit and profit margin in 2019
    • Overview of Saudi Basic Industries Corporation's performance by revenue, market share and profit margin from 2013 through 2019
    • Overview of DowDuPont Inc.'s performance by revenue, market share and profit margin from 2013 through 2019
    • Overview of Reynolds Group Holdings Ltd.'s performance by revenue, market share and profit margin from 2013 through 2019
    • Overview of revenue, market share and profit margin trend for one additional company

    Detailed analysis

    • Description and key data for Saudi Basic Industries Corporation, and factors influencing its performance in the industry
    • Description and key data for DowDuPont Inc., and factors influencing its performance in the industry
    • Description and key data for Reynolds Group Holdings Ltd., and factors influencing its performance in the industry
    • Description, key data and performance trends for one additional company

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    Like the rest of the Mexican manufacturing sector, the Plastic Products Manufacturing industry in Mexico is subject to environmental and labor regulations. At the federal leve...

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

      Detailed analysis

      • Demographic and macroeconomic factors influencing the industry
      • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
      • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

      Key Statistics

      Industry Data

      Data Tables

      Including values and annual change:

      • Revenue (2009-2024)
      • IVA (2009-2024)
      • Establishments (2009-2024)
      • Enterprises (2009-2024)
      • Employment (2009-2024)
      • Exports (2009-2024)
      • Imports (2009-2024)
      • Wages (2009-2024)

      Top Questions Answered

      Unlock comprehensive answers and precise data upon purchase. View purchase options.

      What is the estimated market size of the Plastic Products Manufacturing industry in Mexico in 2019?

      The market size of the Plastic Products Manufacturing industry in Mexico is $321.4bn in 2019.

      How many businesses are there in the Plastic Products Manufacturing in Mexico industry in 2019?

      There are 3,641 businesses in the Plastic Products Manufacturing industry in Mexico, which has declined at a CAGR of -1.6% between 2014 and 2019.

      Has the Plastic Products Manufacturing industry in Mexico grown or declined over the past 5 years?

      The market size of the Plastic Products Manufacturing industry in Mexico has been at a CAGR of 3.2% between 2014 and 2019.

      What is the forecast growth of the Plastic Products Manufacturing industry in Mexico over the next 5 years?

      The Plastic Products Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024

      What are the biggest companies in the Plastic Products Manufacturing market in Mexico?

      The biggest companies operating in the Plastic Products Manufacturing market in Mexico are Saudi Basic Industries Corporation, DowDuPont Inc. and Reynolds Group Holdings Ltd.

      What does the Plastic Products Manufacturing in Mexico include?

      Manufacturing plastic film for bags and packaging and Manufacturing unlaminated plastic sheets (except packaging) are part of the Plastic Products Manufacturing industry.

      Which companies have the highest market share in the Plastic Products Manufacturing in Mexico?

      The company holding the most market share in Mexico is Saudi Basic Industries Corporation.

      How many people are/were employed in the Plastic Products Manufacturing in Mexico in 2019?

      There are 273k employed in the Plastic Products Manufacturing industry in Mexico 2019.

      Widen your competitive advantage with related industries

      Related Domestic Industries

      • Industry operators manufacture acyclic and cyclic aromatic hydrocarbons (i.e. petrochemicals) from refined petroleum or liquid hydrocarbons.
      • Establishments in this industry primarily manufacture rubber goods, including doormats, rubber bands, globes and tubing.
      • Companies in this industry are primarily engaged in custom compounding of resins.

      View all industries in Mexico

      Methodology

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      Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

      IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

      What data sources do IBISWorld analysts use?

      Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

      Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

      These sources include:

      • Industry and trade associations
      • Industry federations or regulators
      • Major industry players annual or quarterly filings

      Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

      How does IBISWorld forecast its data?

      IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

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