Latin America Pouches Market Size & Outlook, 2023-2030
Latin America pouches market, 2018-2030 (US$M)
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Latin America pouches market highlights
- The Latin America pouches market generated a revenue of USD 3,156.6 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating material in 2023.
- Bioplastics 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 3,156.6 million |
| Market revenue in 2030 | USD 4,780.6 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Sealed Air Corp, Constantia Flexibles, Coveris, Goglio Group, ProAmpac, Gualapack SpA, Huhtamäki Oyj, Smurfit Kappa Group PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global pouches 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 25,932.7 million by 2030.
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Pouches Market Scope
Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America pouches 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 pouches market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 64.28% in 2023. Horizon Databook has segmented the Latin America pouches market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America comprises several developing economies including Brazil, Argentina, and Chile. Factors such as expanding population, growing disposable incomes, and changing food consumption patterns are expected to augment the demand for processed food over the forecast period.
Further, favorable government policies regarding the ease of doing business and low manufacturing costs are attracting several global processed and packaged food manufacturers into the region. In Central & South America, flexible packaging products including pouches are increasingly being preferred by end-use companies over rigid ones primarily due to low cost and strong sustainability.
In March 2021, Amcor partnered with McKinsey.org, a nonprofit founded by global consultancy, McKinsey & Company, to develop recycling and waste management solutions that can be applied across communities in Latin America.
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Our clientele includes a mix of pouches 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 pouches market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pouches market size, by country, 2018-2030 (US$M)
Latin America Pouches Market Outlook Share, 2023 & 2030 (US$M)
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