Latin America Aseptic Packaging Market Size & Outlook
Latin America aseptic packaging market, 2018-2030 (US$M)
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Latin America aseptic packaging market highlights
- The Latin America aseptic packaging market generated a revenue of USD 1,911.6 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, paper & paperboard was the largest revenue generating material in 2023.
- Paper & Paperboard is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,911.6 million |
| Market revenue in 2030 | USD 3,267.3 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Paper & paperboard |
| Fastest growing segment | Paper & Paperboard |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paper & Paperboard, Plastics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.0% of the global aseptic packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,377.1 million by 2030.
Paper & paperboard was the largest segment with a revenue share of 49.03% in 2023. Horizon Databook has segmented the Latin America aseptic packaging market based on paper & paperboard, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of food & beverage industry in the countries including Argentina, and Brazil in the region the demand for aseptic packaging is expected to grow over the forecast period. Rising consumer concerns towards food safety, increasing disposable income and growing urbanization in the country is expected to have a positive impact on the industry growth over the forecast period.
Presence of major food companies in the region such as Molinos Rio de la Plata, Alicorp, Grupo Nacional de Chocolates, Brasil Foods and Minerva in the region is anticipated to raise demand for packaging solutions which can give the product a longer shelf life without affecting its taste and nutritional values. As a result, demand for aseptic packaging in food application is expected to grow in Latin America.
Growing demand for soft drinks, plant-based milk, dairy products and fresh fruit juices and jams in the region is expected to have a positive impact on the industry growth over the forecast period. Increasing consumer disposable income, changing dietary habits and awareness regarding packaged food & beverage product standards and safety is expected to drive demand for aseptic packaging over the next eight years.
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Aseptic Packaging Market Scope
Aseptic Packaging Market Companies
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Latin America aseptic packaging market size, by country, 2018-2030 (US$M)
Latin America Aseptic Packaging Market Outlook Share, 2023 & 2030 (US$M)
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