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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Flexible Packaging Market Share
Preformed bags and pouches are high in demand as they are easy to use and provide convenience
The preformed bags and pouches segment, based on product type, accounts for a healthy share of the market. Preformed bags and pouches are lightweight, easy to carry, versatile, and provide great product integrity bringing convenience to the vendors and end users. In addition, the increasing adoption of preformed bags and pouches as single-use packaging alternatives is fuelling the segment’s growth.
The printed roll stock segment of the Latin America flexible packaging market report includes printed films, laminates, and coatings that are supplied in roll form for further converting into flexible packaging. Key trends in this segment include increased demand for high-quality printing and graphics to enhance shelf appeal, growing adoption of sustainable materials like recyclable and compostable films, and advancements in printing technologies like digital printing enabling more customisation.
Film and paper segments hold a significant market share due to their wide adoption across industries
As per Latin America flexible packaging market analysis, film materials play a crucial role in flexible packaging, with polyethylene (PE) being the most used. PE films offer good barrier properties, flexibility, and cost-effectiveness, making them suitable for a wide range of applications. Polypropylene (PP) films are also widely used due to their strength, heat sealability, and moisture barrier properties.
Foil materials, particularly aluminum foil, are also used for packaging as they provide excellent barrier properties against moisture, oxygen, and light, making them popular for food and pharmaceutical packaging. Paper and paperboard are also used as flexible packaging solutions, where Kraft and coated paper is a common substrate due to its strength and printability. Paperboard, in contrast, is used for applications requiring more rigidity, such as cartons and boxes.
Latin America Flexible Packaging Market Report Snapshots
Latin America Flexible Packaging Market Size
Latin America Flexible Packaging Market Growth
Latin America Flexible Packaging Market Trends
Latin America Flexible Packaging Market Analysis
Latin America Flexible Packaging Market Share
Latin America Flexible Packaging Manufacturers
Latin America Flexible Packaging Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Latin America flexible packaging market reached an approximate value of USD 8,497.65 million.
The market is expected to grow at a CAGR of 2.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to 11,003.77 million by 2032.
The major drivers of the market include the increasing demand for dairy, confectionary, and personal care products, thriving pet care sector, and rising adoption of preformed bags and pouches as single-use packaging alternatives are the major drivers of the market.
Key trends aiding market expansion include the growing initiatives by packaging businesses towards sustainability, expansion of pharmaceutical, poultry and agriculture sectors in the region, and use of flexible packaging for brand promotions.
Printed roll stock, and preformed bags and pouches, among others, are the different product types of flexible packaging in the market.
The main functions of flexible packaging are protection of products from moisture and various environmental contaminants to extend their shelf life.
Key players in the market are Amcor Plc, Sealed Air Corporation, Sonoco Products Company, Guala Pack S.p.a., Bomplastic - Bom Jesus Plásticos LTDA, Graphic Packaging Holding Company, and Berry Global Group, Inc., among others.
Countries considered in the market are Brazil, Mexico, Argentina, Colombia, and Peru, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124