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The flexible packaging market share in Latin America is expected to increase by USD 3.12 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.95%.
This flexible packaging market in Latin America research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the flexible packaging market in Latin America segmentation by product (pouches, bags, films and wraps, and others) and end-user (food and beverage, healthcare, and others). The flexible packaging market in Latin America report also offers information on several market vendors, including Amcor Plc, Berry Global Inc., Cascades Inc., Coveris Management GmbH, FlexPak Services, Mondi Group, Novolex Holdings LLC, Printpack Inc., Sealed Air Corp., and Sonoco Products Co. among others.
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"Pouches are widely used to pack dry foods, candies, confectioneries, agriculture products, and liquids, in Latin America"
The rising focus on improving the shelf life of products is notably driving the flexible packaging market growth in Latin America, although factors such as increasing environmental focus on reducing the use of plastic packaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flexible packaging industry in Latin America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Flexible Packaging Market Driver in Latin America
The rising focus on improving the shelf life of products is one of the key drivers supporting the flexible packaging market growth in Latin America. The increase in shelf life aids in the transportation and export of perishable products such as food, beverages, medicines, and others to different places without any damage. Flexible packaging is effective in improving the shelf life of products. For instance, bananas packaged in flexible packaging ripen more slowly and have a prolonged shelf life. The use of flexible films prevents the gas from leaking out of the package. Furthermore, the need to extend the shelf life of food items and reduce their waste has led to the emergence of resealable flexible packaging. The resealable packaging includes a multilayer barrier film capable of resisting curling at the temperatures used in the thermoforming line. Thus, the rise in the availability of such new products with added features is likely to increase the demand for flexible packaging during the forecast period.
Key Flexible Packaging Market Trend in Latin America
A rise in the need for sustainable packaging and reducing the use of plastic packaging due to environmental concerns is another factor supporting the flexible packaging market growth in Latin America. Most of the end-users of flexible plastic packaging have been focusing on introducing various initiatives for increasing the use of recyclable packaging. For instance, in September 2021, EMSUR, Grupo Lantero's Packaging Division, announced the launch of EM-Full RFlex, its new range of PE and PP-based flexible packaging. This solution aims to improve recyclability and improve food preservation due to its barrier properties. Thus, owing to the demand from end-users for recyclable flexible plastic packaging, some major vendors have been focusing on the introduction of recyclable flexible plastic packaging. This is driving the market for new product developments of recyclable flexible plastic packaging during the forecast period.
Key Flexible Packaging Market Challenge in Latin America
The increasing environmental focus on reducing the use of plastic packaging is hindering the flexible packaging market growth in Latin America. Environmental concerns related to packaging waste are a major issue in the packaging market. Plastics are non-biodegradable and remain in the environment for a long time. Significantly, most flexible plastic packaging is made from PS, PE, or PP, which do not degrade or decompose easily. After their use, flexible packaging is mostly discarded in landfills, where its non-degradable nature threatens the environment. As plastic is one of the major materials disposed of in landfills, various international regulatory bodies and governments worldwide are framing regulations and introducing initiatives aimed at reducing plastic waste. Thus, such implemented regulations may hamper the market growth during the forecast period.
This flexible packaging market in Latin America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the flexible packaging market growth in Latin America as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flexible packaging market in Latin America during the forecast period.
The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. The global containers and packaging market includes the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers and paper packaging
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the flexible packaging market in Latin America encompasses successful business strategies deployed by the key vendors. The flexible packaging market in Latin America is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The flexible packaging market in Latin America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the flexible packaging market in Latin America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 10: Value chain analysis: Metal and Glass Containers Market
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Service
*2.2.7 Support activities
*2.2.8 Industry innovation
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Product
**5.1 Market segments
*Exhibit 22: Product- Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 23: Comparison by Product
**5.3 Pouches - Market size and forecast 2021-2026
*Exhibit 24: Pouches - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Pouches - Year-over-year growth 2021-2026 (%)
**5.4 Bags - Market size and forecast 2021-2026
*Exhibit 26: Bags - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Bags - Year-over-year growth 2021-2026 (%)
**5.5 Films and wraps - Market size and forecast 2021-2026
*Exhibit 28: Films and wraps - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Films and wraps - Year-over-year growth 2021-2026 (%)
**5.6 Others - Market size and forecast 2021-2026
*Exhibit 30: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Product
*Exhibit 32: Market opportunity by Product
***6. Market Segmentation by End-user
**6.1 Market segments
*Exhibit 33: End user - Market share 2021-2026 (%)
**6.2 Comparison by End user
*Exhibit 34: Comparison by End user
**6.3 Food and beverages - Market size and forecast 2021-2026
*Exhibit 35: Food and beverages - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Food and beverages - Year-over-year growth 2021-2026 (%)
**6.4 Healthcare - Market size and forecast 2021-2026
*Exhibit 37: Healthcare - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Healthcare - Year-over-year growth 2021-2026 (%)
**6.5 Others - Market size and forecast 2021-2026
*Exhibit 39: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: Others - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by End user
*Exhibit 41: Market opportunity by End user
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 42: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market Driver
*8.1.1 Rising focus on improving the shelf life of products
*8.1.2 Shift towards flexible packaging from rigid packaging
*8.1.3 Growing popularity of flexible bioplastic packaging
**8.2 Market challenges
*8.2.1 Increasing environmental focus on reducing the use of plastic packaging
*8.2.2 High cost involved in manufacturing flexible packaging
*8.2.3 Stringent regulations on the manufacture of flexible plastic packaging
*Exhibit 43: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Emergence of recyclable flexible plastic packaging
*8.3.2 Rising demand for single-serve and multi-packs
*8.3.3 Emergence of tamper-proof packaging
***9. Vendor Landscape
**9.1 Overview
*Exhibit 44: Vendor landscape
**9.2 Landscape disruption
*Exhibit 45: Landscape disruption
*Exhibit 46: Industry risks
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 47: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 48: ?Market positioning of vendors?
**10.3 Amcor Plc
*Exhibit 49: Amcor Plc - Overview
*Exhibit 50: Amcor Plc - Business segments
*Exhibit 51: Amcor Plc – Key news
*Exhibit 52: Amcor Plc - Key offerings
*Exhibit 53: Amcor Plc - Segment focus
**10.4 Berry Global Inc.
*Exhibit 54: Berry Global Inc. - Overview
*Exhibit 55: Berry Global Inc. - Business segments
*Exhibit 56: Berry Global Inc. - Key offerings
*Exhibit 57: Berry Global Inc. - Segment focus
**10.5 Cascades Inc.
*Exhibit 58: Cascades Inc. - Overview
*Exhibit 59: Cascades Inc. - Business segments
*Exhibit 60: Cascades Inc. - Key offerings
*Exhibit 61: Cascades Inc. - Segment focus
**10.6 Coveris Management GmbH
*Exhibit 62: Coveris Management GmbH - Overview
*Exhibit 63: Coveris Management GmbH - Product and service
*Exhibit 64: Coveris Management GmbH - Key offerings
**10.7 FlexPak Services
*Exhibit 65: FlexPak Services - Overview
*Exhibit 66: FlexPak Services - Product and service
*Exhibit 67: FlexPak Services - Key offerings
**10.8 Mondi Group
*Exhibit 68: Mondi Group - Overview
*Exhibit 69: Mondi Group - Business segments
*Exhibit 70: Mondi Group - Key offerings
*Exhibit 71: Mondi Group - Segment focus
**10.9 Novolex Holdings LLC
*Exhibit 72: Novolex Holdings LLC - Overview
*Exhibit 73: Novolex Holdings LLC - Product and service
*Exhibit 74: Novolex Holdings LLC - Key offerings
**10.10 Printpack Inc.
*Exhibit 75: Printpack Inc. - Overview
*Exhibit 76: Printpack Inc. - Product and service
*Exhibit 77: Printpack Inc. - Key offerings
**10.11 Sealed Air Corp.
*Exhibit 78: Sealed Air Corp. - Overview
*Exhibit 79: Sealed Air Corp. - Business segments
*Exhibit 80: Sealed Air Corp. - Key offerings
*Exhibit 81: Sealed Air Corp. - Segment focus
**10.12 Sonoco Products Co.
*Exhibit 82: Sonoco Products Co. - Overview
*Exhibit 83: Sonoco Products Co. - Business segments
*Exhibit 84: Sonoco Products Co. - Key offerings
*Exhibit 85: Sonoco Products Co. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 86: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 87: ?Research Methodology
*Exhibit 88: ??Validation techniques employed for market sizing?
*Exhibit 89: ??Information sources
**11.4 List of abbreviations
*Exhibit 90: List of abbreviations
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