Latin America Food Wrap Market Size & Outlook, 2024-2030
Latin America food wrap market, 2018-2030 (US$M)
Related Markets
Latin America food wrap market highlights
- The Latin America food wrap market generated a revenue of USD 321.5 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper 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 321.5 million |
| Market revenue in 2030 | USD 533.3 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.2% of the global food wrap 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 3,203.1 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America food wrap market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 51.42% in 2024. Horizon Databook has segmented the Latin America food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
The food wrap market in Central & South America is experiencing steady growth, driven by the expanding food service, retail, and supermarket industries in the region. In the retail food sector, there is an increasing demand for convenient, on-the-go food options.
This trend is especially prominent in urban areas where busy lifestyles drive consumers to seek quick meal solutions. As a result, supermarkets and convenience stores are stocking more pre-packaged sandwiches, wraps, and ready-to-eat meals.
Food manufacturers are responding by using food wraps as an effective packaging solution that maintains freshness while allowing for an attractive presentation. For example, in Brazil, companies such as Sadia S.A. and Perdigão offer a variety of wrapped sandwiches catering to the increasing demand for quick meal solutions.
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Our clientele includes a mix of food wrap market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America food wrap market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America food wrap market size, by country, 2018-2030 (US$M)
Latin America Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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