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Mexico is located at the southernmost tip of North America and is one of the three free trade zones in North America (USA, Canada, Mexico). The zero-tariff policy between them has laid a good foundation for Mexico's development. In North America, which mainly produces plastic packaging, its sales of plastic packaging products reached approximately US$43 billion, accounting for 33% of the world plastics market, while the average annual growth rate in the Mexican market was close to 10%.
Mexico's plastic output was 4.17 million tons. Mexico currently has about 4,400 plastic companies (84% of which are small or micro companies) that can process 5 million tons of plastic products per year. It is expected to grow by 9-10% annually in the next few years.
About 43% of its plastic products are used for bottle or packaging purposes, while others are used in packaging, construction, furniture, toys and agriculture. In addition, the output of plastics in the United States has been the highest in the world for many years, and plastic products are also among the best. Only the United States and Texas and the United States occupy the second place in the world. Due to the low cost advantage of Mexico, many plastic processing enterprises in the above two states have moved into Mexico, which has contributed to the growth of the plastics industry in Mexico.