Mexico has a growing market for PET packaging as the country is expected to increase consumption of bottled water. It is estimated that demand for PET in Mexico will grow by 2.5 % in 2016 inline with the economy’s growth.
Mexico is one of the largest consumers of carbonated sodas in the world. But a tax on sodas in 2014 resulted in sales drop of 12% that year. The country is now expected to show a shift in preference towards bottled water over CSDs. This poses another challenge for PET makers as water bottles use less PET per bottle than soft drink bottles.
PET producers such as DAK Americas says that their customers are looking at new molds and new shapes to attract consumers. There are new extrusion blow molded handles in the market that can be used for health and beauty products as well as industrial uses. Some of these handles are already been commercialized, while others are in development.
Another new trend is smaller sized bottles that can be conceived as ‘healthier’ by consumers.
CMT’s 14th LAPET – on November 29-30 – in Mexico City discusses many of these new trends in LATAM PET packaging market.
Email Ms. Hafizah at email@example.com or call (65) 6346 9218 for more information on the event.