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Latin America Rigid Packaging Market Size, Share, Growth, Forecast: By Material: Plastic, Metal, Paper and Paperboard, Glass, Bioplastic; By Product Type: Boxes, Trays, Containers and Cans, Bottles and Jars, Pallets, Others; By Application: Food and Beverages, Pharmaceuticals, Others; Regional Analysis; Competitive Landscape; 2023-2028
Latin America Rigid Packaging Market Outlook
The Latin America rigid packaging market size attained approximately USD 31 billion in 2022. The market is estimated to grow at a CAGR of 5.50% in the forecast period of 2023-2028, reaching a value of around USD 42.6 billion by 2028.
Key Trends in the Market
Rigid packaging refers to packaging commonly made of glass, plastic, and paperboard, among others. This packaging offers excellent durability and is mainly used in luxury products such as branded watches, wine bottles, and jewellery, among others, which require superior protection.
- The increasing preference for rigid packaging due to its benefits such as high strength, stiffness, superior barriers, and protection against contamination is a crucial Latin America rigid packaging market trend.
- Growing environmental concerns have led to an increase in the demand for paper packaging as a substitute for plastic packaging. Market players are attempting to develop innovative materials that can enhance the functionality of rigid paper packaging and boost its usage in houseware and thin wall packaging applications.
- The Latin America rigid packaging market demand can be attributed to the rising demand for luxury goods among the affluent population in the region. Manufacturers prefer rigid packaging for packaging premium beverages due to their attributes such as high resistance against breakage, lightweight, and recyclability.
Market Analysis
Based on material, the market is divided into plastic, metal, paper and paperboard, glass, and bioplastic. On the basis of product type, the Latin America rigid packaging market segmentation includes boxes, trays, containers and cans, bottles and jars, and pallets, among others.
Based on application, the market is segmented into food and beverages, pharmaceuticals, personal care and cosmetics, and electrical and electronics, among others. On the basis of country, the market is categorised into Brazil, Argentina, Mexico, Chile, and Colombia, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America rigid packaging market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Amcor Limited
- Berry Global Inc.
- Sonoco Products Company
- Silgan Holdings Inc.
- Sealed Air Corporation
- Grupo Lantero
- AptarGroup, Inc.
- Wista Packaging
- Others
Market Share by Material
Plastic is expected to represent a significant portion of the Latin America rigid packaging market share as it can be easily moulded into various shapes and sizes according to the requirement of manufacturers. Its features such as high durability, cost-effectiveness, and stability also favour its utilisation over any other material.
Furthermore, plastic rigid packaging is preferred in food applications as it keeps food products fresh for a longer time and prevents contamination. Additionally, paper packaging is expected to witness a healthy growth in the forecast period amid the growing demand for eco-friendly packaging.
Market Share by Application
According to the Latin America rigid packaging market analysis, the food and beverages sector is expected to account for a substantial market share due to the rise in the demand for processed and frozen foods among the working population with busy schedules. Furthermore, the utilisation of rigid packaging in beverages such as wine to prevent their bottles from breakage is likely to further catalyse the market in the coming years.
Competitive Landscape
Amcor Limited, founded in 1896, is an international packaging company that provides flexible and rigid packaging. The company, with its headquarters in Zurich, Switzerland, offer its product and services for the food and beverages, pharmaceutical, and personal care sectors, among others.
Berry Global Inc., a plastic packaging company, was founded in 1967 and has its headquarters in Indiana, the United States. The company provides products such as containers, jars, lids, and bottles, among others.
Sonoco Products Company, founded in 1899 and based in South Carolina, the United States, is a provider of consumer packaging and industrial packaging products. Some of the sectors it serves are beauty and personal care, household, healthcare, construction, and textile, among others.
Other Latin America rigid packaging market players include Silgan Holdings Inc., Sealed Air Corporation, Grupo Lantero, AptarGroup, Inc., and Wista Packaging, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Rigid Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Rigid Packaging Historical Market (2018-2022)
8.3 Latin America Rigid Packaging Market Forecast (2023-2028)
9 Latin America Rigid Packaging Market by Material
9.1 Plastic
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Metal
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Paper and Paperboard
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Glass
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Bioplastic
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 Latin America Rigid Packaging Market by Product Type
10.1 Boxes
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Trays
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Containers and Cans
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Bottles and Jars
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Pallets
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.6 Others
11 Latin America Rigid Packaging Market by Application
11.1 Food and Beverages
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Pharmaceuticals
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Personal Care and Cosmetics
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Electrical and Electronics
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Latin America Rigid Packaging Market by Country
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Chile
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Colombia
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Key Company Profiles
14.2.1 Amcor Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Berry Global Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Sonoco Products Company
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Silgan Holdings Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Sealed Air Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Grupo Lantero
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 AptarGroup, Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Wista Packaging
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Rigid Packaging Market: Key Industry Highlights, 2018 and 2028
2. Latin America Rigid Packaging Historical Market: Breakup by Material (USD Billion), 2018-2022
3. Latin America Rigid Packaging Market Forecast: Breakup by Material (USD Billion), 2023-2028
4. Latin America Rigid Packaging Historical Market: Breakup by Product Type (USD Billion), 2018-2022
5. Latin America Rigid Packaging Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
6. Latin America Rigid Packaging Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Latin America Rigid Packaging Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Latin America PVDF Membrane Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Latin America PVDF Membrane Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Latin America Rigid Packaging Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 31 billion.
The market is projected to grow at a CAGR of 5.50% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 42.6 billion by 2028.
Major market drivers are growing demand for rigid packaging in food and beverages sector and enhanced protection offered by rigid packaging.
The key trends of the market include the growing demand for rigid packaging due to its multifunctionality, durability, and superior protection and the increasing preference for paper packaging due to environmental awareness.
The major countries in the market are Brazil, Argentina, Mexico, Chile, and Colombia, among others.
The different applications of rigid packaging are food and beverages, pharmaceuticals, personal care, and cosmetics, and electrical and electronics, among others.
The key market players are Amcor Limited, Berry Global Inc., Sonoco Products Company, Silgan Holdings Inc., Sealed Air Corporation, Grupo Lantero, AptarGroup, Inc., and Wista Packaging, among others.
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