Latin America Bag In Box Container Market Size & Outlook
Latin America bag in box container market, 2017-2030 (US$M)
Related Markets
Latin America bag in box container market highlights
- The Latin America bag in box container market generated a revenue of USD 232.0 million in 2021.
- The market is expected to grow at a CAGR of 6.6% from 2022 to 2030.
- In terms of segment, food & beverage was the largest revenue generating application in 2021.
- Industrial Liquids is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 232.0 million |
| Market revenue in 2030 | USD 410.8 million |
| Growth rate | 6.6% (CAGR from 2021 to 2030) |
| Largest segment | Food & beverage |
| Fastest growing segment | Industrial Liquids |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverage, Industrial Liquids, Household Products |
| Key market players worldwide | Amcor PLC, Smurfit Kappa Group PLC, DS Smith PLC, SIG Group AG Ordinary Shares, Liqui-Box, CDF Corporation, Accurate Box Company, TPS Rental Systems, Aran Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.2% of the global bag in box container market in 2021.
- Globally, Europe 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 1,239.1 million by 2030.
Food & beverage was the largest segment with a revenue share of 60.86% in 2021. Horizon Databook has segmented the Latin America bag in box container market based on food & beverage, industrial liquids, household products covering the revenue growth of each sub-segment from 2017 to 2030.
Central & South America has been witnessing a significant growth in food & beverages market over the past few years owing to high investments in the manufacturing sector of the country, which is likely to have a positive impact on the bag-in-box container market over the forecast period.
In addition, growing urbanization and increasing spending capacities of the consumers in countries including Brazil and Argentina are expected to increase the market share over the forecast period.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America bag in box container market size, by country, 2017-2030 (US$M)
Latin America Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
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