Latin America Fresh Food Packaging Market Size & Outlook
- Packaging & Packaging Solutions
- Packaging Solutions
- Fresh Food Packaging Market Outlook
- Packaging Solutions
Latin America Fresh Food Packaging Market, 2017-2028 (US$B)
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Latin America fresh food packaging market highlights
- The Latin America fresh food packaging market generated a revenue of USD 10.3 billion in 2020.
- The 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 10.3 billion |
| Market revenue in 2028 | USD 15.6 billion |
| Growth rate | 5.4% (CAGR from 2020 to 2028) |
| Largest segment | Rigid |
| Fastest growing segment | Flexible |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 8.3% of the global fresh food packaging market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 82.1 billion by 2028.
Latin America comprises several developing economies including Brazil, Mexico, Argentina, and Chile. Factors such as expanding population, growing disposable incomes, and changing food consumption patterns are expected to augment the demand for fresh meat, fish, and dairy products over the forecast period.
Flexible plastic packaging is set to witness the strongest growth over the forecast period, followed by rigid packaging. This growth is attributed to the rising use of multi-packs and low-cost products. In addition, growing consumer preference for eco-friendly paper bags and pouches has increased the adoption of flexible packaging.
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/ |
Latin America 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 51.46% in 2020.
Horizon Databook has segmented the Latin America fresh food packaging market based on rigid, flexible covering the revenue growth of each sub-segment from 2017 to 2028.
Latin America comprises several developing economies including Brazil, Mexico, Argentina, and Chile. Factors such as expanding population, growing disposable incomes, and changing food consumption patterns are expected to augment the demand for fresh meat, fish, and dairy products over the forecast period.
Flexible plastic packaging is set to witness the strongest growth over the forecast period, followed by rigid packaging. This growth is attributed to the rising use of multi-packs and low-cost products. In addition, growing consumer preference for eco-friendly paper bags and pouches has increased the adoption of flexible packaging.
- Latin America Fresh Food Packaging Market Type Outlook (Revenue, USD Million , 2017-2028)
- Rigid
- Flexible
- Latin America Fresh Food Packaging Market Material Outlook (Revenue, USD Million , 2017-2028)
- Plastics
- Paper & Paper Board
- Bagasse
- Polylactic Acid
- Others
- Latin America 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 continent-level data and insights on the Latin America Fresh Food Packaging Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Fresh Food Packaging Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Latin America Fresh Food Packaging Market, 2017-2028 (US$B)
Latin America fresh food packaging market statistics, by type, 2017-2028 (US$M)
