Latin America Smart Packaging Market Size & Outlook
The smart packaging market in Latin America is expected to reach a projected revenue of US$ 3.3 million by 2030. A compound annual growth rate of 7.4% is expected of Latin America smart packaging market from 2024 to 2030.
Revenue, 2023 (US$M)
$2.0
Forecast, 2030 (US$M)
$3.3
CAGR, 2024 - 2030
7.4%
Report Coverage
Latin America
Latin America smart packaging market, 2018-2030 (US$M)
Latin America smart packaging market highlights
- The Latin America smart packaging market generated a revenue of USD 2.0 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, modified atmosphere packaging (map) was the largest revenue generating technology in 2023.
- Modified Atmosphere Packaging (MAP) is the most lucrative technology segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 2.0 million |
| Market revenue in 2030 | USD 3.3 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Modified atmosphere packaging (map) |
| Fastest growing segment | Modified Atmosphere Packaging (MAP) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Modified Atmosphere Packaging (MAP) |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.0% of the global smart packaging market in 2023.
- Globally, North America 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 11.6 million by 2030.
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Smart Packaging Market Scope
Smart packaging market segmentation & scope
Modified Atmosphere Packaging (MAP)
Active Packaging
Gas Scavengers
Corrosion Control Packaging
Moisture Control Packaging
Intelligent Packaging
Time temperature indicator
Gas Indicator
Thermochromic Ink
Application
Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Electronics
E-commerce
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
South Africa
Saudi Arabia
UAE
Smart Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America smart packaging market
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