The Latin America rigid industrial packaging market is poised for remarkable growth over the next decade. According to a recent forecast, the market is expected to surge at a compound annual growth rate (CAGR) of 3.5% during the period from 2023 to 2033. The market value is projected to rise from USD 731.0 million in 2023 to an impressive USD 1,026.7 million by 2033.

The growth of the rigid industrial packaging market in Latin America is driven by the increasing demand for robust and secure packaging solutions across industries such as chemicals, pharmaceuticals, food and beverages, and manufacturing. As industrial activities expand in the region, the need for durable, efficient packaging solutions has become more pronounced, leading to significant market opportunities.

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Latin American producers can diversify their product lines and widen their market penetration with increasing commerce. The market for rigid industrial packaging may expand as a result of the increased requirement for packaging options. This includes rigid industrial packaging solutions for a wide range of industrial goods from sectors like automotive and construction.

Businesses in Latin America may need to adhere to more stringent packaging laws and quality standards as they extend their worldwide markets. Because of its improved protection and compliance with these regulations, rigid industrial packaging can give businesses a competitive edge.

There might be potential for foreign investment in the Latin American rigid industrial packaging sector as cross-continental trade expands. This investment may result in more innovation, the creation of new products, and the development of better packaging options.

Key Takeaways from this Market Study:

  • By product type, the drums, and jerry cans segment are projected to be highly attractive in terms of growth rate with a CAGR of 3.1%.
  • Brazil is anticipated to account for around 36% of the market share by the end of the forecast period.
  • Mexico is anticipated to hold around 31.7%of the market share by value by the end of the year 2033.
  • The collective value share of the top 5 companies is expected to be around 45%
  • The rest of Latin America is expected to hold around 32.9% of the market share by the end of 2033.

Growing Constructions to Drive the Latin America Rigid Industrial Packaging Market:

The Latin American construction industry is expanding rapidly, with infrastructural and residential developments boosting demand for building materials such as cement, concrete, and other construction items. These materials require packing solutions that can protect them from harm and assure their safe delivery to their final destination through transportation and storage.

Rigid industrial packaging is an important component of the construction supply chain due to its durability and strength. Furthermore, there is a growing emphasis on sustainable and eco-friendly packaging solutions. This has resulted in the development of biodegradable and recyclable plastics, driving market growth.

The Latin America rigid industrial packaging industry is likely to maintain its upward trend in the coming years, owing to the increase of intercontinental trade and excellent economic conditions.

Competitive Landscape:

The key players in the market are gaining market value by developing innovations and advancements in the Latin American rigid industrial packaging industry.

Key manufacturers are directing toward growth strategies such as mergers and acquisitions, and product development to enhance their customer base. Recent activities and mergers implemented by the leading player in the market are:

  • In November 2022, Alpla opened its second manufacturing plant in Angola’s capital city Lusnda to extend its footprint.
  • In November 2022, Mauser Packaging Solutions introduced the Envision series – high-performance bottles for high-performance products.

Key Players

Grief Inc.; Unipac Embalagens Ltda.; Mausar Packaging Solutions; ALPLA Group; Kautex Textron GmbH & Co. KG; Berry Global Group, Inc.; Schutz Container Systems, Inc.; Plásticos Novel; Schoeller Allibert; Dolav Plastic Products; Textron Inc.

Latin America Rigid Industrial Packaging Market Outlook by Category

By Material:

  • High-Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)

By Product Type:

  • Drums
  • Jerry Cans
  • RIBC
  • Pails
  • Crates
  • Pallets

By End Use:

  • Agriculture
  • Automotive
  • Food & Beverage
  • Chemical
  • Building & Construction
  • Pharmaceutical

By Country:

  • Brazil
  • Mexico
  • Rest of Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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