Latin America Molded Pulp Packaging Market Size & Outlook
Latin America molded pulp packaging market, 2018-2030 (US$M)
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Latin America molded pulp packaging market highlights
- The Latin America molded pulp packaging market generated a revenue of USD 395.5 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, wood pulp was the largest revenue generating source in 2023.
- Non-Wood Pulp is the most lucrative source 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 395.5 million |
| Market revenue in 2030 | USD 641.3 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Wood pulp |
| Fastest growing segment | Non-Wood Pulp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wood Pulp, Non-Wood Pulp |
| Key market players worldwide | Huhtamäki Oyj, Genpak, Pro-Pac Packaging (Aust) Pty Ltd, Brødrene Hartmann, CKF, Sonoco Products Co, Eco Products, Fabri-Kal, Henry Molded Products, Sabert Corp., MVI ECOPACK, Pton Molded Fiber Products Co. |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.3% of the global molded pulp 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 3,841.5 million by 2030.
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Molded Pulp Packaging Market Scope
Molded Pulp Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America molded pulp packaging 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 molded pulp packaging market will help companies and investors design strategic landscapes.
Wood pulp was the largest segment with a revenue share of 86.85% in 2023. Horizon Databook has segmented the Latin America molded pulp packaging market based on wood pulp, non-wood pulp covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America is a major producer for non-wood based molded pulp packaging, as countries like Brazil, Chile and Peru are abundant with materials like cereal straw, sugarcane bagasse, reeds, kenaf, esparto and corn stalks.
In addition, being an inexpensive raw material source, non-wood molded pulp packaging are blessed with affordable new product development cost, reduced shipping cost being light in weight and companies adopting these forms of packaging solutions are assured to incentivize by government subsidies and regulatory support.
The region has a huge potential in the food & beverage industry as 8 million hectares of land were into organic farming. According to Organic World, 11% of the global organic agricultural land is in the Central & South American region.
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Our clientele includes a mix of molded pulp packaging 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 molded pulp packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America molded pulp packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America molded pulp packaging market size, by country, 2018-2030 (US$M)
Latin America Molded Pulp Packaging Market Outlook Share, 2023 & 2030 (US$M)
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