Latest News- Flexible Packaging Market in Latin America: Food and beverage is expected to lead the End-user segment during 2024-2028
The Flexible Packaging Market in Latin America is being driven by Rising focus on improving shelf life of products
The Flexible Packaging Market in Latin America is expected to grow at a CAGR of 3.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2660.9 million. The sustainable packaging trend, driven by growing environmental concerns, is fueling the demand for recyclable flexible plastic packaging in Latin America. Notable industry players, such as EMSUR and Constantia Flexibles, are responding to this trend by introducing innovative solutions. EMSUR recently launched EM-Full RFlex, a PE and PP-based flexible packaging range, which enhances recyclability and offers superior food preservation through its barrier properties. Similarly, Constantia Flexibles has achieved up to 80% recycled content in a PE film using EcoLam laminate waste. These initiatives underscore the industry's commitment to reducing plastic usage and promoting eco-friendly packaging solutions.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Food and beverage, Healthcare, Others) Product (Pouches, Bags, Films and wraps, Others) Geography (Latin America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Flexible Packaging Market in Latin America Research Report
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The Flexible Packaging Market in Latin America is witnessing significant growth, driven by the personal care industry's increasing demand for Plastic, Paper, and Metals packaging solutions. Key products include Polypropylene, Recycling, Bioplastic, and various types of Pouches, Bags, Films and wraps (Aluminum foil included). Food industry applications focus on extending shelf life and reducing wastage through innovative packaging in Glass, Metal, and alternative materials like Biodegradable films. Non-food consumer goods such as Electronics, Cosmetics, and Smart Packaging also utilize Flexible Packaging in Cartons, Stand-up Pouches, Bag-in-box, and Tetra packs.
In the dynamic and competitive landscape of the Latin American flexible packaging market, various industries, including personal care, utilize a diverse range of materials for their packaging needs. The market for rigid containers, including those made of metal, glass, and plastic, is fragmented, with an intricate supply chain. Suppliers play a crucial role in this value chain, providing raw materials such as steel, aluminum, tin for metal containers; borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers; and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. The research and development, manufacturing, and distribution processes ensure the delivery of high-quality packaging solutions to meet the specific demands of various end-users in the personal care sector. Recycling and sustainability initiatives further enhance the market's growth potential.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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