Market by Material Type (Plastics, Aluminum Foils, Other Material Types) Product (Pouches, Rollstock, Bags, Films & Wraps, Other Products) Printing Technology (Flexography, Rotogravure, Digital Printing, Other Printing Technologies) Application (Food & Beverage, Pharmaceutical, Cosmetics & Toiletries, Other Applications) and Country Outlook | Forecast 2024-2032
Triton’s research report states that the Latin America flexible plastic packaging market is estimated to advance in terms of revenue at a CAGR of 3.02% during the forecast years 2024-2032.
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The flexible plastic packaging market in Latin America is expanding significantly owing to rising demand across various sectors, including food and beverage, healthcare, and personal care. In Mexico, for example, the packaging machinery industry saw a 25% increase in demand in 2022, driven by changes in consumption habits and the need for advanced packaging solutions, as per ITA. This sector represented 1.8% of Mexico’s GDP in 2022. Moreover, ITA reported that Mexico’s plastics industry, crucial for flexible packaging, grew by 13% in 2022, supported by strong demand in the automotive and food processing sectors, and benefiting from nearshoring activities and the USMCA agreement. These factors create lucrative opportunities for flexible plastic packaging manufacturers.
The countries reviewed in this region include:
Brazil spearheads the regional market, obtaining around $470 million in 2023
The government is actively supporting the development of the plastic packaging industry through regulatory measures aimed at sustainability. An important initiative is the reverse logistics program, which mandates that companies are responsible for the lifecycle of their packaging, ensuring that it is collected and recycled.
Unilever partnered with local recyclers to enhance the quality and supply of Post-Consumer Resin (PCR), resulting in significant investments in new washing systems and processes to ensure high-quality recycled plastic. Such efforts create lucrative opportunities for flexible plastic packaging manufacturers.
The improvements in consumer purchasing power and a preference for convenience and portability have increased demand for flexible plastic packaging for various products, from snacks to household items, due to its versatility and cost-effectiveness.
Market Forecast for Mexico
Mexico’s flexible plastic packaging market’s growth is supported by increasing demand for lightweight, durable, and cost-effective packaging solutions across various industries, including food and beverage, pharmaceuticals, and personal care. This expansion is fueled by the government’s efforts to promote sustainable packaging through regulatory measures and incentives for adopting eco-friendly materials. Additionally, collaborations between local manufacturers and international companies have spurred technological advancements and the development of innovative packaging solutions, further enhancing the market’s growth prospects.
The market is branched into application, material type, printing technology, and product. The application segment is sectioned into food & beverage, cosmetics & toiletries, pharmaceuticals, and other applications.
Flexible plastic packaging in the food and beverage (F&B) industry is widely utilized due to its versatility, cost-effectiveness, and ability to preserve product freshness. This type of packaging, which includes pouches, bags, films, and wraps, is used to package a variety of products such as snacks, beverages, frozen foods, and ready-to-eat meals. The primary reasons for its use are its barrier properties against moisture, oxygen, and contaminants, which help extend shelf life and maintain product quality. Additionally, flexible plastic packaging is lightweight, reduces transportation costs, and offers convenience features such as resealable closures and easy-to-open designs, enhancing consumer convenience and satisfaction.
Contender Analysis in the Flexible Plastic Packaging Market:
Sealed Air Corporation is a prominent provider of packaging solutions, offering a diverse array of products such as films, trays, and packaging materials. The company’s operations are divided into two main segments: food care and product care. Its products are used in various sectors, including construction, consumer packaged goods, e-commerce, electronics, food retail, etc. Sealed Air markets its products under brands like Cryovac, Bubble Wrap, and Instapak. With a presence in over 120 countries across North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America, it boasts 95 manufacturing sites and five development and innovation centers globally.
In April 2024, Sealed Air Corporation and Ossid announced their partnership to offer case-ready processors for the collective requirement of tray overwrapping machinery and material.
Other prominent companies offering solutions in the market include Huhtamaki OYJ, Mondi Group, Sigma Plastics Group, Graphic Packaging International LLC, and Amcor Plc.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the flexible plastic packaging revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the LA flexible plastic packaging market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA FLEXIBLE PLASTIC PACKAGING MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FLEXIBLE PLASTIC PACKAGING MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
ATTRACTIVENESS INDEX
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. APPLICATION
AND EFFECTIVENESS
2.5.2. COST
2.5.3. SUSTAINABILITY
2.6. SUPPLY
CHAIN ANALYSIS
2.6.1. MATERIAL
TYPE SUPPLIERS
2.6.2. MANUFACTURERS
2.6.3. DISTRIBUTORS
2.6.4. END-USER
2.7. KEY
MARKET STRATEGIES
2.7.1. COLLABORATIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. ACQUISITIONS
2.7.4. INVESTMENTS
& EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. ESCALATING
USAGE OF ECONOMICAL AND SUSTAINABLE PACKAGING
2.8.2. NEED
FOR IMPROVED SHELF LIFE
2.8.3. INCREASING
DEMAND FOR PROCESSED AND PACKAGED FOOD
2.9. MARKET
CHALLENGES
2.9.1. PROBLEMS
IN RECYCLING PLASTIC PACKAGING PRODUCTS
2.9.2. INCREASING
COST OF MATERIALS
2.9.3. HIGH
OPERATIONAL COST
2.10. MARKET
OPPORTUNITIES
2.10.1. TECHNOLOGICAL
ADVANCEMENTS IN FLEXIBLE PLASTIC PACKAGING
2.10.2. INCREASED
DEMAND FROM THE E-COMMERCE INDUSTRY
2.11. ANALYST
PERSPECTIVE
3. LATIN
AMERICA FLEXIBLE PLASTIC PACKAGING MARKET – BY MATERIAL TYPE
3.1. PLASTICS
3.2. ALUMINUM
FOILS
3.3. OTHER
MATERIAL TYPES
4. LATIN
AMERICA FLEXIBLE PLASTIC PACKAGING MARKET – BY PRODUCT
4.1. POUCHES
4.2. ROLLSTOCK
4.3. BAGS
4.4. FILMS
& WRAPS
4.5. OTHER
PRODUCTS
5. LATIN
AMERICA FLEXIBLE PLASTIC PACKAGING MARKET – BY PRINTING TECHNOLOGY
5.1. FLEXOGRAPHY
5.2. ROTOGRAVURE
5.3. DIGITAL
PRINTING
5.4. OTHER
PRINTING TECHNOLOGIES
6. LATIN
AMERICA FLEXIBLE PLASTIC PACKAGING MARKET – BY APPLICATION
6.1. FOOD
& BEVERAGE
6.2. PHARMACEUTICAL
6.3. COSMETICS
& TOILETRIES
6.4. OTHER
APPLICATIONS
7. LATIN
AMERICA FLEXIBLE PLASTIC PACKAGING MARKET – BY COUNTRY OUTLOOK
7.1. LATIN
AMERICA
7.1.1. COUNTRY
ANALYSIS
7.1.1.1. BRAZIL
7.1.1.1.1. BRAZIL
FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.2. MEXICO
7.1.1.2.1. MEXICO
FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.3. REST
OF LATIN AMERICA
7.1.1.3.1. REST
OF LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. CCL
INDUSTRIES INC
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY
STRENGTH
8.1.4. KEY
CHALLENGE
8.2. DS
SMITH
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY
STRENGTH
8.2.4. KEY
CHALLENGE
8.3. SEALED
AIR CORPORATION
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY
STRENGTH
8.3.4. KEY
CHALLENGE
8.4. BERRY
GLOBAL GROUP INC
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.4.3. KEY
STRENGTH
8.4.4. KEY
CHALLENGE
8.5. AMCOR
PLC
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.5.3. KEY
STRENGTH
8.5.4. KEY
CHALLENGE
8.6. CONSTANTIA
FLEXIBLES
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY
STRENGTH
8.6.4. KEY
CHALLENGE
8.7. SONOCO
PRODUCTS COMPANY
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY
STRENGTH
8.7.4. KEY
CHALLENGE
8.8. COVERIS
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY
STRENGTH
8.8.4. KEY
CHALLENGE
8.9. GLENROY
INC
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY
STRENGTH
8.9.4. KEY
CHALLENGE
8.10. HUHTAMAKI
OYJ
8.10.1. OVERVIEW
8.10.2. PORTFOLIO
8.10.3. KEY
STRENGTH
8.10.4. KEY
CHALLENGE
8.11. MONDI
GROUP
8.11.1. OVERVIEW
8.11.2. PORTFOLIO
8.11.3. KEY
STRENGTH
8.11.4. KEY
CHALLENGE
8.12. PROAMPAC
8.12.1. OVERVIEW
8.12.2. PORTFOLIO
8.12.3. KEY
STRENGTH
8.12.4. KEY
CHALLENGE
8.13. GRAPHIC
PACKAGING INTERNATIONAL LLC
8.13.1. OVERVIEW
8.13.2. PORTFOLIO
8.13.3. KEY
STRENGTH
8.13.4. KEY
CHALLENGE
8.14. PRINTPACK
8.14.1. OVERVIEW
8.14.2. PORTFOLIO
8.14.3. KEY
STRENGTH
8.14.4. KEY
CHALLENGE
8.15. SIGMA
PLASTICS GROUP
8.15.1. OVERVIEW
8.15.2. PORTFOLIO
8.15.3. KEY
STRENGTH
8.15.4. KEY
CHALLENGE
9. RESEARCH METHODOLOGY &
SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)
TABLE 2: REGULATORY
FRAMEWORK
TABLE 3: LIST OF
COLLABORATIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
ACQUISITIONS
TABLE 6: LIST OF
INVESTMENTS & EXPANSIONS
TABLE 7: LATIN AMERICA
FLEXIBLE PLASTIC PACKAGING MARKET, BY MATERIAL TYPE, 2024-2032 (IN $ BILLION)
TABLE 8: LATIN AMERICA
FLEXIBLE PLASTIC PACKAGING MARKET, BY PRODUCT, 2024-2032 (IN $ BILLION)
TABLE 9: LATIN AMERICA
FLEXIBLE PLASTIC PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2024-2032 (IN $
BILLION)
TABLE 10: LATIN AMERICA
FLEXIBLE PLASTIC PACKAGING MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 11: LATIN AMERICA
FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: SUPPLY CHAIN ANALYSIS
FIGURE 5: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY MATERIAL
TYPE, 2023 & 2032 (IN %)
FIGURE 6: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY PLASTICS,
2024-2032 (IN $ BILLION)
FIGURE 7: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY ALUMINUM
FOILS, 2024-2032 (IN $ BILLION)
FIGURE 8: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
MATERIALS, 2024-2032 (IN $ BILLION)
FIGURE 9: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY PRODUCT,
2023 & 2032 (IN %)
FIGURE 10: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY POUCHES,
2024-2032 (IN $ BILLION)
FIGURE 11: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY ROLLSTOCK,
2024-2032 (IN $ BILLION)
FIGURE 12: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY BAGS,
2024-2032 (IN $ BILLION)
FIGURE 13: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY FILMS
& WRAPS, 2024-2032 (IN $ BILLION)
FIGURE 14: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
PRODUCTS, 2024-2032 (IN $ BILLION)
FIGURE 15: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY PRINTING
TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 16: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY
FLEXOGRAPHY, 2024-2032 (IN $ BILLION)
FIGURE 17: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY
ROTOGRAVURE, 2024-2032 (IN $ BILLION)
FIGURE 18: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY DIGITAL
PRINTING, 2024-2032 (IN $ BILLION)
FIGURE 19: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
PRINTING TECHNOLOGIES, 2024-2032 (IN $ BILLION)
FIGURE 20: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY
APPLICATION, 2023 & 2032 (IN %)
FIGURE 21: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY FOOD &
BEVERAGE, 2024-2032 (IN $ BILLION)
FIGURE 22: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY
PHARMACEUTICAL, 2024-2032 (IN $ BILLION)
FIGURE 23: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY COSMETICS
& TOILETRIES, 2024-2032 (IN $ BILLION)
FIGURE 24: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 25: LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY
OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: BRAZIL FLEXIBLE PLASTIC PACKAGING MARKET 2024-2032 (IN $
BILLION)
FIGURE 27: MEXICO FLEXIBLE PLASTIC PACKAGING MARKET 2024-2032 (IN $
BILLION)
FIGURE 28: REST OF LATIN AMERICA FLEXIBLE PLASTIC PACKAGING MARKET
2024-2032 (IN $ BILLION)