Mexico Polyethylene Terephthalate (PET) Market By Type (Virgin, Recycled), By Application (Packaging, Automotive, Construction, Medical, Others): Opportunity Analysis and Industry Forecast, 2023-2032

Mexico Polyethylene Terephthalate (PET) Market

The Mexico polyethylene terephthalate (PET) market is anticipated to grow rapidly in the upcoming years, owing to rise in demand for PET from various end user industries such as packaging, automotive, construction, medical, and others. In addition, increase in efforts of the government to reduce the PET manufacturing cost and to provide technological assistance to increase the production capacity, which are expected to strengthen the growth of the PET industry in Mexico. 

The Mexico PET market is expected to garner a major share in the upcoming years. This is attributed to surge in demand from industries such as pharmaceutical, milk & dairy, food, and consumer products. Moreover, increase in integration of PET in automotive and construction applications is expected to drive the market growth. Manufacturers are heavily investing in research & development activities and are introducing innovative products such as PET films and woven bags, which encourage the growth of the PET market in Mexico. 

However, high cost of raw materials is anticipated to hamper the market growth. On the contrary, manufacturers are focusing on producing cost-effective PET products to meet the rising demand, which is expected to offer remunerative opportunities for the market expansion during the forecast period. Furthermore, the PET market in Mexico is expected to witness significant growth due to the rise in government initiatives toward the recycling and reuse of the plastics and PET products for packaging of different FMCG products This factor is projected to create lucrative opportunities for the manufacturers operating in the market as there is a huge scope for replacing the traditional packaging materials with PET. 

Furthermore, ongoing investments to increase the production capacity in Mexico is anticipated to offer ample growth opportunities for the PET market. In addition, with increase in demand for PET in the medical sector, manufacturers are incorporating advanced technologies to develop medical grade PET to produce advanced medical applications. This factor is projected to create potential opportunities for the players in the upcoming years. 

The Porter’s five force analysis for the PET market in Mexico mainly focuses on the competitive and pricing dynamics prevailing in the market. The degree of competition in the market is high as new competitors are entering the market due to increase in demand for PET. The bargaining power of suppliers is high due to the presence of numerous suppliers in the market and fluctuation in prices of raw materials as per the market supply and demand. The bargaining power of buyers is low due to the presence of different substitutes in the market. 

 The major strength of the PET market in Mexico is the increasing demand from different industrial applications. Furthermore, increase in use of PET in automotive and construction industries is anticipated to drive the market growth in the upcoming years. 

Despite the presence of numerous opportunities, high cost of raw materials is a major concern for the growth of the PET market. Conversely, increase in investments in research & development activities toward cost-effective products is projected to create lucrative opportunities for the market in the coming future. The presence of substitutes in the market, such as nylon, polypropylene and polycarbonate, is anticipated to restrain the growth of the Mexico PET market. 

Implementation of various environmental regulations is propelling the manufacturers to produce cost-effective PET products.  Thus, manufacturers are introducing advanced products such as PET films and woven bags. In addition, manufacturers are focusing on introducing innovative packaging solutions for different products. and different pricing strategies to increase their market presence. 

In addition, the Mexico-based companies are investing heavily in the expansion of their existing facilities to meet the rising demand for PET and forming different strategic collaborations and agreements to reduce their overall production cost. 

Furthermore, the PET market in Mexico is anticipated to witness rapid growth during the forecast period due to increase in demand from different end user industries. The growing investments to increase the production capacity and development of cost-effective PET products in Mexico provides lucrative opportunities for manufacturers in the upcoming years. 

Key Benefits For Stakeholders

Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.

Analyze the key strategies adopted by major market players in mexico polyethylene terephthalate (pet) market.

Assess and rank the top factors that are expected to affect the growth of mexico polyethylene terephthalate (pet) market.

Top Player positioning provides a clear understanding of the present position of market players.

Detailed analysis of the mexico polyethylene terephthalate (pet) market segmentation assists to determine the prevailing market opportunities.

Identify key investment pockets for various offerings in the market.

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Key Market Segments

○ Quimtex Plástico

Scope of Mexico Polyethylene Terephthalate (PET) Market Report

1.1. Report Description

1.2. Key Market Segments

1.3. Key Benefits to the Stakeholders

1.4. Research Methodology

1.4.1. Primary Research

1.4.2. Secondary Research

1.4.3. Analyst Tools and Models

2.1. CXO Perspective

3.1. Market Definition and Scope

3.2. Key Findings

3.2.1. Top Impacting Factors

3.2.2. Top Investment Pockets

3.3. Porter’s Five Forces Analysis

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.5. COVID-19 Impact Analysis on the market

4.1. Overview

4.1.1. Market Size and Forecast, By Type

4.2. Virgin

4.3. Recycled

5.1. Overview

5.1.1. Market Size and Forecast, By Application

5.2. Packaging

5.3. Automotive

5.4. Construction

5.5. Medical

5.6. Others

6.1. Introduction

6.2. Top winning strategies

6.3. Product Mapping of Top 10 Player

6.4. Competitive Dashboard

6.5. Competitive Heatmap

6.6. Top player positioning, 2022

7.1. Grupo Imsa

7.1.1. Company overview

7.1.2. Key Executives

7.1.3. Company snapshot

7.1.4. Operating business segments

7.1.5. Product portfolio

7.1.6. Business performance

7.1.7. Key strategic moves and developments

7.2. Alpek

7.2.1. Company overview

7.2.2. Key Executives

7.2.3. Company snapshot

7.2.4. Operating business segments

7.2.5. Product portfolio

7.2.6. Business performance

7.2.7. Key strategic moves and developments

7.3. Unigel

7.3.1. Company overview

7.3.2. Key Executives

7.3.3. Company snapshot

7.3.4. Operating business segments

7.3.5. Product portfolio

7.3.6. Business performance

7.3.7. Key strategic moves and developments

7.4. PetStar

7.4.1. Company overview

7.4.2. Key Executives

7.4.3. Company snapshot

7.4.4. Operating business segments

7.4.5. Product portfolio

7.4.6. Business performance

7.4.7. Key strategic moves and developments

7.5. Grupo Ercibes

7.5.1. Company overview

7.5.2. Key Executives

7.5.3. Company snapshot

7.5.4. Operating business segments

7.5.5. Product portfolio

7.5.6. Business performance

7.5.7. Key strategic moves and developments

7.6. PetMatex

7.6.1. Company overview

7.6.2. Key Executives

7.6.3. Company snapshot

7.6.4. Operating business segments

7.6.5. Product portfolio

7.6.6. Business performance

7.6.7. Key strategic moves and developments

7.7. Cardis

7.7.1. Company overview

7.7.2. Key Executives

7.7.3. Company snapshot

7.7.4. Operating business segments

7.7.5. Product portfolio

7.7.6. Business performance

7.7.7. Key strategic moves and developments

7.8. Promens

7.8.1. Company overview

7.8.2. Key Executives

7.8.3. Company snapshot

7.8.4. Operating business segments

7.8.5. Product portfolio

7.8.6. Business performance

7.8.7. Key strategic moves and developments

7.9. Plastiplas

7.9.1. Company overview

7.9.2. Key Executives

7.9.3. Company snapshot

7.9.4. Operating business segments

7.9.5. Product portfolio

7.9.6. Business performance

7.9.7. Key strategic moves and developments

7.10. Quimtex Plásticos

7.10.1. Company overview

7.10.2. Key Executives

7.10.3. Company snapshot

7.10.4. Operating business segments

7.10.5. Product portfolio

7.10.6. Business performance

7.10.7. Key strategic moves and development

LIST OF TABLES

TABLE 01. MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2022-2032 ($MILLION)

TABLE 02. MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2022-2032 (KILOTON)

TABLE 03. MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2022-2032 ($MILLION)

TABLE 04. MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2022-2032 (KILOTON)

TABLE 05. GRUPO IMSA: KEY EXECUTIVES

TABLE 06. GRUPO IMSA: COMPANY SNAPSHOT

TABLE 07. GRUPO IMSA: OPERATING SEGMENTS

TABLE 08. GRUPO IMSA: PRODUCT PORTFOLIO

TABLE 09. GRUPO IMSA: KEY STRATERGIES

TABLE 10. ALPEK: KEY EXECUTIVES

TABLE 11. ALPEK: COMPANY SNAPSHOT

TABLE 12. ALPEK: OPERATING SEGMENTS

TABLE 13. ALPEK: PRODUCT PORTFOLIO

TABLE 14. ALPEK: KEY STRATERGIES

TABLE 15. UNIGEL: KEY EXECUTIVES

TABLE 16. UNIGEL: COMPANY SNAPSHOT

TABLE 17. UNIGEL: OPERATING SEGMENTS

TABLE 18. UNIGEL: PRODUCT PORTFOLIO

TABLE 19. UNIGEL: KEY STRATERGIES

TABLE 20. PETSTAR: KEY EXECUTIVES

TABLE 21. PETSTAR: COMPANY SNAPSHOT

TABLE 22. PETSTAR: OPERATING SEGMENTS

TABLE 23. PETSTAR: PRODUCT PORTFOLIO

TABLE 24. PETSTAR: KEY STRATERGIES

TABLE 25. GRUPO ERCIBES: KEY EXECUTIVES

TABLE 26. GRUPO ERCIBES: COMPANY SNAPSHOT

TABLE 27. GRUPO ERCIBES: OPERATING SEGMENTS

TABLE 28. GRUPO ERCIBES: PRODUCT PORTFOLIO

TABLE 29. GRUPO ERCIBES: KEY STRATERGIES

TABLE 30. PETMATEX: KEY EXECUTIVES

TABLE 31. PETMATEX: COMPANY SNAPSHOT

TABLE 32. PETMATEX: OPERATING SEGMENTS

TABLE 33. PETMATEX: PRODUCT PORTFOLIO

TABLE 34. PETMATEX: KEY STRATERGIES

TABLE 35. CARDIS: KEY EXECUTIVES

TABLE 36. CARDIS: COMPANY SNAPSHOT

TABLE 37. CARDIS: OPERATING SEGMENTS

TABLE 38. CARDIS: PRODUCT PORTFOLIO

TABLE 39. CARDIS: KEY STRATERGIES

TABLE 40. PROMENS: KEY EXECUTIVES

TABLE 41. PROMENS: COMPANY SNAPSHOT

TABLE 42. PROMENS: OPERATING SEGMENTS

TABLE 43. PROMENS: PRODUCT PORTFOLIO

TABLE 44. PROMENS: KEY STRATERGIES

TABLE 45. PLASTIPLAS: KEY EXECUTIVES

TABLE 46. PLASTIPLAS: COMPANY SNAPSHOT

TABLE 47. PLASTIPLAS: OPERATING SEGMENTS

TABLE 48. PLASTIPLAS: PRODUCT PORTFOLIO

TABLE 49. PLASTIPLAS: KEY STRATERGIES

TABLE 50. QUIMTEX PLÁSTICOS: KEY EXECUTIVES

TABLE 51. QUIMTEX PLÁSTICOS: COMPANY SNAPSHOT

TABLE 52. QUIMTEX PLÁSTICOS: OPERATING SEGMENTS

TABLE 53. QUIMTEX PLÁSTICOS: PRODUCT PORTFOLIO

TABLE 54. QUIMTEX PLÁSTICOS: KEY STRATERGIES LIST OF FIGURES

FIGURE 01. MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2022-2032

FIGURE 02. SEGMENTATION OF MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2022-2032

FIGURE 03. TOP INVESTMENT POCKETS IN MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET (2023-2032)

FIGURE 04. PORTER FIVE-1

FIGURE 05. PORTER FIVE-2

FIGURE 06. PORTER FIVE-3

FIGURE 07. PORTER FIVE-4

FIGURE 08. PORTER FIVE-5

FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET

FIGURE 10. MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET,BY TYPE, 2022 ($MILLION)

FIGURE 11. MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET,BY APPLICATION, 2022 ($MILLION)

FIGURE 12. TOP WINNING STRATEGIES, BY YEAR

FIGURE 13. TOP WINNING STRATEGIES, BY DEVELOPMENT

FIGURE 14. TOP WINNING STRATEGIES, BY COMPANY

FIGURE 15. PRODUCT MAPPING OF TOP 10 PLAYERS

FIGURE 16. COMPETITIVE DASHBOARD

FIGURE 17. COMPETITIVE HEATMAP: MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET

FIGURE 18. TOP PLAYER POSITIONING, 2022

FIGURE 19. GRUPO IMSA: NET SALES, 2020-2022* ($MILLION)

FIGURE 20. GRUPO IMSA: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 21. GRUPO IMSA: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 22. ALPEK: NET SALES, 2020-2022* ($MILLION)

FIGURE 23. ALPEK: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 24. ALPEK: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 25. UNIGEL: NET SALES, 2020-2022* ($MILLION)

FIGURE 26. UNIGEL: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 27. UNIGEL: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 28. PETSTAR: NET SALES, 2020-2022* ($MILLION)

FIGURE 29. PETSTAR: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 30. PETSTAR: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 31. GRUPO ERCIBES: NET SALES, 2020-2022* ($MILLION)

FIGURE 32. GRUPO ERCIBES: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 33. GRUPO ERCIBES: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 34. PETMATEX: NET SALES, 2020-2022* ($MILLION)

FIGURE 35. PETMATEX: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 36. PETMATEX: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 37. CARDIS: NET SALES, 2020-2022* ($MILLION)

FIGURE 38. CARDIS: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 39. CARDIS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 40. PROMENS: NET SALES, 2020-2022* ($MILLION)

FIGURE 41. PROMENS: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 42. PROMENS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 43. PLASTIPLAS: NET SALES, 2020-2022* ($MILLION)

FIGURE 44. PLASTIPLAS: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 45. PLASTIPLAS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)

FIGURE 46. QUIMTEX PLÁSTICOS: NET SALES, 2020-2022* ($MILLION)

FIGURE 47. QUIMTEX PLÁSTICOS: REVENUE SHARE, BY SEGMENT, 2022 (%)

FIGURE 48. QUIMTEX PLÁSTICOS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%