Brazil Fresh Food Packaging Market Size & Outlook, 2020-2028
- Packaging & Packaging Solutions
- Packaging Solutions
- Fresh Food Packaging Market Outlook
- Packaging Solutions
Brazil Fresh Food Packaging Market, 2017-2028 (US$B)
Global Market
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Brazil fresh food packaging market highlights
- The Brazil fresh food packaging market generated a revenue of USD 3.6 billion in 2020 and is expected to reach USD 5.5 billion by 2028.
- The Brazil market is expected to grow at a CAGR of 5.4% from 2021 to 2028.
- In terms of segment, rigid was the largest revenue generating type in 2020.
- Flexible is the most lucrative type segment registering the fastest growth during the forecast period.
Fresh food packaging market data book summary
| Market revenue in 2020 | USD 3.6 billion |
| Market revenue in 2028 | USD 5.5 billion |
| Growth rate | 5.4% (CAGR from 2020 to 2028) |
| Largest segment | Rigid |
| Fastest growing segment | Flexible |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Rigid, Flexible |
| Key market players worldwide | Amcor PLC, DS Smith PLC, Mondi PLC, Coveris, Transcontinental Inc Shs -A- Voting Subord., Constantia Flexibles, Sealed Air Corp, Sonoco Products Co, Huhtamäki Oyj, Clondalkin Group, ProAmpac, Genpak, Winpak Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global fresh food packaging market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil fresh food packaging market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 5.5 billion by 2028.
Brazil emerged as the largest market in Latin America and is expected to witness significant growth on account of skyrocketing retail fresh food sales in the country and a large number of fresh food packaging manufacturers, distributors, and retailers exploring ways to expand their businesses in the region to have access to the fast-growing market.
However, escalating currency exchange rates, increasing production cost of packaging, and low disposable income due to economic slowdown are expected to put strong pressure on the fresh food packaging demand in Brazil.
Consumers are looking for low-cost packaging solutions due to adverse economic conditions. As the unfavorable economic scenario, due to the COVID 19 pandemic, has reduced the disposable incomes of many consumers, most consumers want to make sure that they are not wasting any food products and are using them to their maximum potential.
Key Regions:U.S., UK, Japan, Brazil, Netherlands
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Publish Date: Aug 26, 2024
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Fresh Food Packaging Market Scope
Fresh Food 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 |
| Sealed Air Corp | View profile | 17,000 | 2415 Cascade Pointe Boulevard, Charlotte, NC, United States, 28208 | www.sealedair.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 |
| Genpak | View profile | 1001-5000 | Charlotte, North Carolina, United States, North America | www.genpak.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 |
| Coveris | View profile | 5001-10000 | Chicago, Illinois, United States, North America | www.coveris.com/ |
Brazil Fresh Food 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 Fresh Food Packaging Market Outlook will help companies and investors design strategic landscapes.
Rigid was the largest segment with a revenue share of 52.78% in 2020.
Horizon Databook has segmented the Brazil fresh food packaging market based on rigid, flexible covering the revenue growth of each sub-segment from 2017 to 2028.
Brazil emerged as the largest market in Latin America and is expected to witness significant growth on account of skyrocketing retail fresh food sales in the country and a large number of fresh food packaging manufacturers, distributors, and retailers exploring ways to expand their businesses in the region to have access to the fast-growing market.
However, escalating currency exchange rates, increasing production cost of packaging, and low disposable income due to economic slowdown are expected to put strong pressure on the fresh food packaging demand in Brazil.
Consumers are looking for low-cost packaging solutions due to adverse economic conditions. As the unfavorable economic scenario, due to the COVID 19 pandemic, has reduced the disposable incomes of many consumers, most consumers want to make sure that they are not wasting any food products and are using them to their maximum potential.
- Brazil Fresh Food Packaging Market Type Outlook (Revenue, USD Million , 2017-2028)
- Rigid
- Flexible
- Brazil Fresh Food Packaging Market Material Outlook (Revenue, USD Million , 2017-2028)
- Plastics
- Paper & Paper Board
- Bagasse
- Polylactic Acid
- Others
- Brazil Fresh Food Packaging Market Application Outlook (Revenue, USD Million , 2017-2028)
- Eggs, Meat & Seafood
- Fruits & Vegetables
- Dairy Products
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Fresh Food Packaging Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Fresh Food Packaging Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Brazil Fresh Food Packaging Market, 2017-2028 (US$B)
Brazil fresh food packaging market statistics, by type, 2017-2028 (US$M)
