Peru Packaging Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Peru Packaging Market Growth

The 2021-2022 Ecommerce Observatory Report published by the Peruvian Chamber of eCommerce (CAPECE) indicates that the packaging sector experienced a remarkable growth of 55%, reaching a total value of $9.3 billion in 2021. The expansion of e-commerce has profoundly altered packaging methodologies. As a growing number of consumers engage in online shopping, there is a heightened requirement for robust and protective packaging to guarantee that products reach their destination undamaged.

E-commerce propels the demand for streamlined packaging solutions that maximise shipping efficiency and minimise space usage. In addition, companies are increasingly focusing on bespoke packaging to improve the unboxing experience and strengthen brand recognition. The trend towards sustainable packaging is also on the rise, mirroring consumer inclinations towards environmentally friendly alternatives.

The International Monetary Fund anticipates that growth in Latin America will average approximately 2% annually over the next five years. This growth is propelled by rising consumer expenditure and industrial development, which, in turn, enhances the demand for a variety of packaging solutions across multiple sectors, such as food and beverages, healthcare, and consumer goods. As the economy expands, production levels increase, resulting in a greater volume of packaged products and subsequently driving the necessity for innovative and efficient packaging solutions.

Key Trends and Developments

The growth of the e-commerce sector, the rising trend of sustainability, the extensive application of packaging in the food and beverage sector, and rapid urbanisation are the major trends impacting the Peru packaging market growth

June 2022

Ball Corporation, a leading supplier of metal packaging in the United States, announced its intention to establish a new manufacturing facility in Chilca, Peru. This initiative aims to enhance its operations in South America in response to the steadily increasing global demand for aluminium cans.

August 2022

Papelera Reyes Peru, located in Latin America, enhanced its packaging production capabilities to capitalise on growing export opportunities by investing in a range of machinery supplied by IMA TMC. This investment positions Papelera Reyes to expand its international presence, allowing for the export of its products beyond the domestic market.

Growth of the E-commerce Sector

The rapid expansion of online retail has fundamentally transformed the way consumers shop, leading to an increased demand for efficient and effective packaging solutions. As more businesses shift their focus to e-commerce, the need for innovative packaging that not only protects products during transit but also enhances the overall customer experience has become paramount.

Economic Expansion in Peru

The increase in consumer expenditure and the expansion of industrial operations have created a significant demand for diverse packaging solutions. As consumers are spending more on goods and services, businesses are responding by increasing their production levels to meet this heightened demand.

Rising Trend of Sustainability

The growing demand for sustainable and recyclable packaging reflects a broader global awareness of environmental issues and the urgent need for responsible consumption. As consumers become more conscious of their ecological footprint, they are actively seeking products that minimise environmental impact.

Swift Urbanisation

The increasing trend of urbanisation in various regions in the country is significantly intensifying the need for practical and effective packaging solutions. As more people migrate to urban areas, the population density rises, leading to a surge in consumption patterns and a greater variety of goods being produced and distributed.

Application of packaging in the Food and Beverage Sector

The thriving food and beverage sector plays a crucial role in driving innovations and advancements in packaging technology, which are essential for enhancing product safety and extending shelf life. As consumer demand for fresh, safe, and high-quality products continues to rise, companies are increasingly investing in research and development to create packaging solutions that not only protect the integrity of their products but also meet regulatory standards and consumer expectations.

Peru Packaging Market Trends

The packaging market in Peru is currently witnessing several noteworthy trends. Primarily, there is a significant movement towards sustainable packaging, influenced by heightened environmental consciousness and regulatory demands, which encourages the adoption of recyclable and biodegradable materials.

The expansion of e-commerce is increasing the need for durable and innovative packaging solutions that provide adequate protection for products during shipping. Furthermore, urbanisation is contributing to a greater demand for convenient and ready-to-use packaging formats. The food and beverage sector also plays a crucial role, with advancements in packaging technology focused on improving product freshness and prolonging shelf life.

Peru Packaging Industry Segmentation

Peru 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

Peru Packaging Market Share

Based on the industry vertical, the market is segmented into food, beverage, healthcare, cosmetics, and industrial, among others. The food segment is projected to grow at a CAGR of 3.4% during the forecast period of 2024-2032. In the food sector, packaging plays a crucial role in safeguarding product integrity, prolonging shelf life, and maintaining freshness.

Leading Companies in the Peru Packaging Market

Major players are focusing on the manufacturing of sustainable Packaging materials to gain a competitive edge in the market.

• Amcor Plc
• International Paper Co.
• Smurfit Kappa Group
• Sonoco Products Company
• Berry Global Inc.
• Amfora Packaging S.A.S
• Molpack Corporation Limited
• 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.