Latin America Flexible Packaging Market Size & Outlook
- Packaging & Packaging Solutions
- Packaging Solutions
- Flexible Packaging Market Outlook
- Packaging Solutions
Latin America Flexible Packaging Market, 2018-2030 (US$M)
Global Market
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Latin America flexible packaging market highlights
- The Latin America flexible packaging market generated a revenue of USD 20,295.2 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 20,295.2 million |
| Market revenue in 2030 | USD 28,298.8 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global flexible packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 153,216.8 million by 2030.
The flexible packaging market in Central & South America is witnessing substantial growth due to increased demand for flexible packaging from the food & beverage sector. The countries in Central & South America such as Brazil, Argentina, and Chile have a well-established tomato puree processing industry. Brazil has a strong presence in the fruit juice market and is one of the leading exporters of fruits.
The Central & South American countries export and import food & beverage products among themselves and to other regions. The tomato puree and fruit juice concentrates require adequate barrier against oxygen and moisture to prevent spoilage. For export, the processed food & beverage items are packed in liners that have an EVOH coating on the inner side.
Several regional packaging manufacturers are undergoing several strategic initiatives such as collaborations, new product launches, acquisitions, and others. For instance, in September 2022, Toray Plastics (America), Inc. announced the launch of Toray Label Film, a flexible label packaging for pharmaceutical and cosmetic products in the Central & South American market.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sonoco Products Co | View profile | 23,000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | www.sonoco.com |
| Huhtamäki Oyj | View profile | 17,868 | Revontulenkuja 1, Espoo, Finland, 02100 | www.huhtamaki.com |
| Amcor PLC | View profile | 41,000 | 83 Tower Road North, Warmley, Bristol, United Kingdom, BS30 8XP | www.amcor.com |
| Berry Global Group Inc | View profile | 44,000 | 101 Oakley Street, Evansville, IN, United States, 47710 | www.berryglobal.com |
| CCL Industries Inc Registered Shs -B- Non Vtg | View profile | 16,100 | 111 Gordon Baker Road, Suite 801, Toronto, ON, Canada, M2H 3R1 | www.cclind.com |
| Mondi PLC | View profile | 21,773 | The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, United Kingdom, KT13 0NY | www.mondigroup.com |
| Constantia Flexibles | View profile | 5001-10000 | Vienna, Wien, Austria, Europe | www.cflex.com |
| Cosmo Films | View profile | 10001+ | New Delhi, Delhi, India, Asia | www.cosmofilms.com/ |
| DS Smith PLC | View profile | 29,672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | www.dssmith.com |
| Transcontinental Inc Shs -A- Voting Subord. | View profile | 8,131 | 1 Place Ville Marie, Suite 3240, Affaires Juridiques,, A/s Caroline Hamel, Montreal, QC, Canada, H3B 0G1 | tctranscontinental.com |
Latin America Flexible Packaging Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Flexible Packaging Market Outlook will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 70.5% in 2023.
Horizon Databook has segmented the Latin America flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The flexible packaging market in Central & South America is witnessing substantial growth due to increased demand for flexible packaging from the food & beverage sector. The countries in Central & South America such as Brazil, Argentina, and Chile have a well-established tomato puree processing industry. Brazil has a strong presence in the fruit juice market and is one of the leading exporters of fruits.
The Central & South American countries export and import food & beverage products among themselves and to other regions. The tomato puree and fruit juice concentrates require adequate barrier against oxygen and moisture to prevent spoilage. For export, the processed food & beverage items are packed in liners that have an EVOH coating on the inner side.
Several regional packaging manufacturers are undergoing several strategic initiatives such as collaborations, new product launches, acquisitions, and others. For instance, in September 2022, Toray Plastics (America), Inc. announced the launch of Toray Label Film, a flexible label packaging for pharmaceutical and cosmetic products in the Central & South American market.
- Latin America Flexible Packaging Market Raw Material Outlook (Revenue, USD Million , 2018-2030)
- Plastics
- Paper & Paperboard
- Metal
- Bioplastics
- Latin America Flexible Packaging Market Product Outlook (Revenue, USD Million , 2018-2030)
- Pouches
- Rollstock
- Bags
- Films & Wraps
- Others
- Latin America Flexible Packaging Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food & beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Flexible Packaging Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Flexible Packaging Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Flexible Packaging Market, 2018-2030 (US$M)
Latin America flexible packaging market statistics, by raw material, 2018-2030 (US$M)
