Latin America Flexible Packaging Market Outlook, 2027

Technological advancements in the packaging industry have a very significant impact on the flexible packaging market. Manufacturers can make any physical form for the packaging of the products. Increasing shelf life of the product can reduce the wastage; maintain the quality of the products. Manufacturers are investing more in latest flexible packaging technique, as flexible packaging is cost-effective method of packaging. Increasing demand for healthcare products is also an important aspect for the growth of flexible packaging in the region. Growth of the e-commerce sector, import-export activities of the region, mergers and acquisitions of the firms in the region all lead to the growth of flexible packaging market in the South America region. Food processing companies are more focusing on flexible packaging, because it is necessary for the firm to maintain the quality of the product. From the production activity, it is the responsibility of the manufacturer for the proper handling of the product and protects the products from the damage in the transportation activity. The supply chain process depends on the proper and efficient packaging of the product. Due to light weight and ease of use industries are now more moving towards the flexible packaging. Import- export activities are the main factor for the growth of the flexible packaging market in the South America region. Also, the Government rules and regulations for the sustainable environment also lead to the adoption of the new technology of the flexible packaging which is the environmentally friendly. The South American flexible packaging market is segmented into the two main countries, namely, Brazil and Argentina. Brazil covers the highest portion of the flexible packaging market in South America, because of high economic growth and foreign investment activities.

According to the report title, “South America Flexible Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 17.93 Billion in 2021 and it is anticipated to grow with the CAGR of more than 4% during 2022 to 2027. Flexible packaging uses fewer natural resources, which ultimately leads to less energy consumption for the packaging. Brazil is one of the leading countries in South America’s flexible packaging market and covers the highest portion of the market share in the region. Argentina faces an economic crisis in the country, but Argentina shows steady growth in the flexible packaging market.

According to the report, the market is divided into food, beverage, pharmaceuticals, personal care, and others based on application. The food industry covers the largest portion of the flexible packaging market in South America’s flexible market. The growth rate of the flexible packaging market is estimated to reach more than 4.50% for the forecast period. Food packaging plays a significant role in the supply chain of the products. Maintaining the quality of the products through food packaging is a very important task for manufacturers. Based on material type, the market is segmented into plastic, paper, aluminum foil, and other materials. The plastic packaging segment covers the highest share of the market in flexible packaging. Plastic packaging is estimated to cover more than 70% of the market share for the forecast period. There is a huge variety of innovative, cost-effective, and sustainable plastic packaging solutions in South America’s flexible packaging market. Based on the packaging type, the market is segmented into bags, wraps, pouches, sachets, wraps, blisters, etc. The durability and convenience of logistics for products packaged in pouches drive the market demand for flexible packaging in South America

COVID-19 Impact:

The spread of COVID-19 is an unprecedented health crisis across the globe that has impacted nearly every business. The COVID-19 impacted the supply chain of products in the world due to restricted trade. Some of the effects of lockdown include supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, etc. The demand for flexible packaging solutions has increased at the time of the pandemic in the South American region.
Major Companies present in the market:
Amcor Plc, Berry Global Group Inc., Mondi Group, Sealed Air Corporation, Constantia Flexibles, Coveris Holding SA, Transcontinental Inc., HuhtamäkiOyj, Sonoco Products Company, Ahlstrom-MunksjöOyj, Greif, Inc., Westrock Company, AptarGroup, Inc., FlexPak Services LLC, Al Invest Bridlicnaa.s., Aran Group., Alubergs.p.a., Danaflex Group, Bischof + Klein SE & Co. KG, Glenroy, Inc., Clondalkin Group Holdings BV, ProAmpac Intermediate, Inc.

Considered in this report
• Geography: South America
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• South America Flexible Packaging market with its value and forecast along with its segments
• Country-wise flexible packaging market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• Brazil
• Argentina

Types of Material in the report:
• Plastic
• Paper
• Aluminum Foil
• Others

By End-Use in the report:
• Food
• Beverages
• Pharmaceuticals
• Personal care
• Others

Types of Packaging in the report:
• Bags
• Wraps
• Pouches
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flexible packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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