Colombia Packaging Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Colombia Packaging Market Growth

In 2022, the nation recorded more than 26 million online shoppers. Additionally, the e-commerce sector in Colombia continues to grow annually. In 2021, e-commerce accounted for 3.6% of the national GDP, an increase from 2.8% in the preceding year. This expansion of the e-commerce sector is stimulating notable transformations within the packaging sector, characterised by a heightened demand for protective, customisable, and sustainable packaging solutions. The surge in online shopping results in increased volumes of products being shipped directly to consumers, thereby elevating the need for robust and protective packaging capable of enduring the challenges of transportation and handling.

The increasing demand for processed and pre-packaged food and beverages has led to significant growth in the packaging sector in Colombia. In 2022, Colombia emerged as the second largest importer of processed food in South America, with imports valued at US$564.3 million, reflecting a 1% increase. The processed food sector serves as a crucial component of the national economy, accounting for nearly 33% of Colombia's manufacturing GDP. This rising demand for packaged and processed food is driving substantial transformations within the packaging sector. Key factors influencing this evolution include the desire for convenience, longer shelf life, advancements in technology, sustainability initiatives, and adherence to regulatory standards. Consequently, packaging solutions are adapting to fulfil these requirements, thereby improving product protection, enhancing consumer experience, and promoting environmental stewardship.

Key Trends and Developments

Economic growth and urbanisation, technological advancements, application of packaging solutions in food and beverage sectors, the flourishing pharmaceutical sector, and growth of the e-commerce sector are the major trends impacting the Colombia packaging market growth

Feb 2023

Colombia became the second Latin American country to launch a Plastics Pact, developed with WRAP and CEMPRE, aimed at promoting a circular economy for plastics across the supply chain, involving various stakeholders including companies, NGOs, and government entities.

Feb 2024

Starbucks introduced new packaging for its Colombia Nariño Whole Bean Coffee to celebrate the tenth anniversary of its partnership with Alise in the Colombian market.

Jul 2024

Colombia enacted legislation banning eight categories of single-use plastics, including carrier bags, fruit and vegetable bags, plastic packaging for magazines, laundry bags, balloon holders, cotton swabs, straws, and stirrers.

Economic Growth and Urbanisation

Colombia's steady economic growth boosts consumer purchasing power, increasing the demand for packaged goods in sectors like food, beverages, personal care, and pharmaceuticals. Rapid urbanisation also drives the need for convenient packaging solutions as more people move to urban areas seeking products that fit their fast-paced lifestyles.

Technological Advancements

Developments in packaging technology, including smart packaging, active packaging, and enhanced barrier characteristics, significantly improve product safeguarding and consumer interaction. Innovations such as QR codes and NFC (Near Field Communication) tags are increasingly prevalent.

Application of Packaging Solutions in the Food and Beverage Sector

The packaging sector in Colombia plays a crucial role in shaping consumer behaviour and market trends, as it is closely tied to various sectors such as food and beverage, pharmaceuticals, and personal care products. The demand for innovative packaging solutions is driven by several key factors, including the need to preserve product freshness, extend shelf life, and enhance convenience for consumers.

Wide use of packaging solutions in the pharmaceutical sector

The flourishing pharmaceutical sector necessitates the use of specialised packaging for medications and health-related products, which includes child-resistant and tamper-evident features, due to the growing demands of healthcare and the requirements set by regulatory authorities.

Growth of the e-commerce sector

The expansion of e-commerce in Colombia is driving heightened demand for packaging solutions specifically designed for online retail, which encompasses protective packaging for shipping as well as packaging that improves the unboxing experience.

Colombia Packaging Market Trends

The use of packaging is broad and significant across multiple sectors, serving a variety of essential functions. The food and beverage sector significantly influences the demand for packaging in Colombia, emphasising solutions that preserve product freshness, prolong shelf life, and improve convenience. In the pharmaceutical sector, there is a necessity for specialised packaging for medications and health-related products spurred by growing healthcare demands and regulatory requirements. Additionally, the packaging needs for personal care and household items are propelled by consumer desires for high-quality, functional, and visually appealing designs.

Colombia Packaging Industry Segmentation

Colombia Packaging Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Flexible Plastics
• Rigid Plastics
• Paper and Paperboard
• Metal
• Glass
• Others

Market Breakup by Industrial Vertical

• Food
• Beverage
• Healthcare
• Cosmetics
• Industrial
• Others

Colombia Packaging Market Share

Based on the industry vertical, the market is segmented into food, beverage, healthcare, cosmetics, and industrial, among others. The food sector is projected to grow at a CAGR of 1.7% during the forecast period of 2024-2032 as packaging in the food sector is essential for maintaining the safety, quality, and convenience of food items.

Leading Companies in the Colombia Packaging Market

Major players are focusing on the production of sustainable packaging solutions to gain a competitive edge in the market.

• Amcor Plc
• Mondi Group
• International Paper Co.
• Smurfit Kappa Group
• Sonoco Products Company
• Crown Holdings, Inc.
• Canpack SA
• Amfora Packaging S.A.S
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.