The Mexican packaging machinery market is dynamic in Mexico, and had a total market value of US$567 million in 2021, highlighted the U.S. Department of Commerce. Of that total amount, 89% is imported. In 2019, the packaging material production industry accounted for 1.7% of Mexico’s GDP, 5.8% of
The Swiss government reported that there are several relevant projects to increase competition in the Swiss retail market. For example, the project to liberalize the mail-order sale of non-prescription drugs. Switzerland is an «island of high prices» due to remaining restrictions on the openness of the economy and
Bimbo Bakeries USA (BBU), a subsidiary of Grupo Bimbo, increased its market share in the U.S. bakery products market in 2022. After having a 29.1% share in 2019, the company increased its coverage in the following three years, to 30.2% in 2020, then to 30.6% in 2021 and
Brazilian agricultural production will contribute more to the world in the coming years, according to forecasts released by the Brazilian government at the World Trade Organization (WTO). With agricultural production expected to grow at around 3% per year, well above Brazil‘s population growth projections (less than 1% per
French credit insurer Coface released an outlook on the global chemical industry, in three segments: petrochemicals, specialty chemicals and fertilizers. While petrochemical activities are more sensitive to changes in economic conditions, the specialty chemicals industry is less vulnerable to changes in economic cycles. In contrast, activities related to
Auto parts company Magna International posted a 4% increase in sales in 2022, to $37.84 billion, and highlighted four industry trends that impacted it. While economic, political and other factors are part of the overall context in which the global automotive industry operates, there were a number of