Latin America Protective Packaging Market

Latin America Protective Packaging Market by Material Types (Paper, Plastics, and Paperboard), End-user Verticals (Pharmaceutical, Consumer Electronics, Food and Beverage, Beauty & Homecare) Product Types (Flexible [Mailers, Paper Full, and Bubble Wraps Air Pillows], Rigid [Molded Pulp, Insulated Shipping Containers, Paperboard-based Protectors], and Foam Based), and Region- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-2809
  • Author: Growth Market Reports
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  • No. Of Pages: 211
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The Latin America protective packaging market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising stringent regulation on usage of packaging material in the country.

Latin America Protective Packaging Market

Protective packaging will undergo a lot of modifications as a result of environmental concerns, mainly for items delivered directly to consumers. Also need for on-the-go items has increased as people spend less time cooking, resulting in increased demand for plastic protective packaging.

E-commerce sales in the area are also expected to increase to USD 79.7 billion in 2019 from USD 49.8 billion in 2016, according to fintech times. The expansion in internet and smartphone usage, as well as the entry of several multinational e-commerce firms such as Amazon and Alibaba, have disrupted the conventional market and used e-commerce to reach small and medium-sized clients. These elements help meet the region's high need for protective packaging.

Rising industrial operations in a variety of industries have spurred the production, sales, and demand for protective packaging solutions. Foam, plastic, and paper-based protective packaging solutions are in high demand from industry participants to satisfy the demands of a diverse variety of products and extended supply chains.

The mobile penetration rate in Latin America is expected to exceed 73 percent in 2025, up from around 68 percent in 2019. The number of unique mobile customers in the area is predicted to rise from 429 million to 486 million during the same time period.

Colombian on-demand delivery business receives a one-billion-dollar investment from SoftBank Group Corp. in 2019. Rappi has become the most well-funded online meal delivery platform in Latin America. Rappi's growth has shook up the delivery business in the region, causing competitors to discover new methods to stay competitive.

Mercado Libre, the region's largest e-commerce firm, revealed that its number of unique active users increased by 84% in 2020, from 61.1 million in January-September 2019 to 112.5 million in January-September 2020. To take advantage of consumers' constant connectivity and their unwillingness to visit physical stores, a number of packaged food firms have developed their own direct to consumer e-commerce websites.

Market Trends, Drivers, Restraints, and Opportunities

  • Urbanization, and favorable new regulations & standards are expected to boost the market during the forecast period.
  • Increased demand for antimicrobial packaging with longer shelf-life leads to is expected to fuel the market during the forecast period.
  • Increased concern for environment and rising demand eco-friendly packaging material is expected to drive the market in coming years.
  • Growing industrialization and rising demand for medicine are anticipated to surge the market growth.
  • Rising demand for packed food is key factors pushing the market growth in the coming years.
  • Rapid growth electronic and e-commerce industries are major factors boosting the market in the coming years
  • Increase cost of packaging due high cost of advance technology is expected to hinder the market growth.
  • Customer dissatisfaction due to over packaging is anticipated to restrict the market.
  • Rising funding for the development of innovative packaging technologies to replace older ones is estimated to create lucrative opportunities for the market players.

Scope of the Report

The report on the Latin America protective packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Latin America Protective Packaging market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Material Types? (Paper, Plastics, and Paperboard?), End-user Vertical?s (Pharmaceutical?, Consumer Electronics?, Food and Beverage?, Beauty & Homecare?) Product Types? (Flexible [Mailers, Paper Full, and Bubble Wraps Air Pillows], Rigid [Molded Pulp, Insulated Shipping Containers, Paperboard-based Protectors], and Foam Based?)

Regional Scope

Latin America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Intertape Polymer Group Inc.; Sealed Air Corporation; Crown Holdings Inc; Sonoco Products Company; Smurfit Kappa Group plc

Latin America Protective Packaging Market Segment Insights

The paperboard segment is expected to grow at a significant pace

In terms of material types, the Latin America protective packaging market is segmented into paper, plastics, and paperboard. The paperboard segment is expected to represent a key share of the market in the coming years due to widely use in non-industrial and industrial packaging and are 100% recyclable and eco-friendly.

Latin America Protective Packaging Market

The food & beverages segment is expected to grow at a rapid pace

In terms of end-user Vertical?s, the Latin America protective packaging market is divided into pharmaceutical?, consumer electronics?, food & beverage?, and beauty & homecare. The food & beverage segment is expected to hold a key share of the market during the forecast period owing to increase consumption of beverages and high demand for meat & sea food products which are majorly exported by the country.

The bubble wraps air pillows segment is anticipated to register rapid CAGR

On the basis of product types?, the Latin America protective packaging market is segmented into flexible, rigid, and foam based. The flexible segment is further divided into mailers, paper full, and bubble wraps air pillows. The bubble wraps air pillows segment is expected to constitute a key share of the market during the forecast period owing majorly demand e-commerce companies this use to protect fragile product from damaging.

Latin America Protective Packaging Market

Segments

Segments Covered in the Report

The Latin America protective packaging market has been segmented on the basis of

Material Types​

  • Paper
  • Plastics
  • Paperboard​

 End-user Vertical​s

  • Pharmaceutical​
  • Consumer Electronics​
  • Food & Beverage​
  • Beauty & Homecare​

Product Types

  • Flexible
  • Mailers
  • Paper Full
  • Bubble Wraps Air Pillows
  • Rigid
  • Molded Pulp
  •  Insulated Shipping Containers
  •  Paperboard-based Protectors
  • Foam Based​

Region

  • Latin America

Key Players

  • Intertape Polymer Group Inc.
  • Sealed Air Corporation
  • Crown Holdings Inc
  • Sonoco Products Company
  • Smurfit Kappa Group plc

Competitive Landscape

Key players competing in the Latin America protective packaging market include Intertape Polymer Group Inc.; Sealed Air Corporation; Crown Holdings Inc; Sonoco Products Company; Smurfit Kappa Group plc.

Some of these players are coming up with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In June 2021, Redi-Bag Inc., a prominent maker of plastic and polyethylene film packaging for seafood and vegetable packaging applications, was acquired by Soteria Flexibles

In January 2020 Sealed Air announced launch of a new generation of BUBBLE WRAP brand packaging material that contains maximum amount of recycled content i.e. around 90%. It provides the same amount of protection and air retention as the original design while also allowing for cyclic plastics economy.

Latin America Protective Packaging Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Protective Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Protective Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Protective Packaging Market - Supply Chain
  4.5. Global Protective Packaging Market Forecast
     4.5.1. Protective Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Protective Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Protective Packaging Market Absolute $ Opportunity
5. Global Protective Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Protective Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Protective Packaging Demand Share Forecast, 2019-2026
6. North America Protective Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Protective Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Protective Packaging Demand Share Forecast, 2019-2026
7. Latin America Protective Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Protective Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Protective Packaging Demand Share Forecast, 2019-2026
8. Europe Protective Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Protective Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Protective Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Protective Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Protective Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Protective Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Protective Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Protective Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Protective Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Protective Packaging Market: Market Share Analysis
  11.2. Protective Packaging Distributors and Customers
  11.3. Protective Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Latin America protective packaging market has been segmented on the basis of

Material Types​

  • Paper
  • Plastics
  • Paperboard​

 End-user Vertical​s

  • Pharmaceutical​
  • Consumer Electronics​
  • Food & Beverage​
  • Beauty & Homecare​

Product Types

  • Flexible
  • Mailers
  • Paper Full
  • Bubble Wraps Air Pillows
  • Rigid
  • Molded Pulp
  •  Insulated Shipping Containers
  •  Paperboard-based Protectors
  • Foam Based​

Region

  • Latin America

Key Players

  • Intertape Polymer Group Inc.
  • Sealed Air Corporation
  • Crown Holdings Inc
  • Sonoco Products Company
  • Smurfit Kappa Group plc

Key players competing in the Latin America protective packaging market include Intertape Polymer Group Inc.; Sealed Air Corporation; Crown Holdings Inc; Sonoco Products Company; Smurfit Kappa Group plc.

Some of these players are coming up with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In June 2021, Redi-Bag Inc., a prominent maker of plastic and polyethylene film packaging for seafood and vegetable packaging applications, was acquired by Soteria Flexibles

In January 2020 Sealed Air announced launch of a new generation of BUBBLE WRAP brand packaging material that contains maximum amount of recycled content i.e. around 90%. It provides the same amount of protection and air retention as the original design while also allowing for cyclic plastics economy.

Latin America Protective Packaging Market

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