Latin America Flexible Packaging Market Forecast by 2033

Market Size in 2024: USD 8.74 Billion
Market Forecast in 2033: USD 12.21 Billion
Market Growth Rate 2025-2033: 3.5%

The Latin America flexible packaging market reached USD 8.74 Billion in 2024 and is projected to expand to USD 12.21 Billion by 2033, growing at a CAGR of 3.5% during 2025-2033. This growth is driven by rising consumer demand for convenience, the expansion of e-commerce, and the increasing focus on sustainable and recyclable packaging solutions.

Growth Drivers of the Latin America Flexible Packaging Market

Expanding Food and Beverage Industry

In Latin America, the food and beverage industry is the largest consumer of flexible packaging within that region. Upwards of 172,000 food establishments existed within Mexico alone in 2022 creating a greater demand for packaged food products. Flexible packaging extends shelf life and makes food products portable across the region. Markets have common food applications like snacks, beverages, frozen foods, and ready-to-eat food products. Cities grow, and consumers live lifestyles with hecticness. This drives the demand for convenient food products in the region.

E-Commerce Growth and Packaging Needs

Packaging trends in Latin America are rapidly changing given e-commerce growth. In 2021, Latin America had 276 million e-commerce users and by 2029, this number will reach 419 million showing 52% increase. In Mexico, e-commerce made USD 38 Billion during 2024. E-commerce rises so people demand packaging that is durable, lightweight, and protective for product shipping protection. Many e-commerce retailers and logistics companies package flexibly because flexible packaging occupies less space than rigid packaging.

Rising Demand for Sustainable Packaging

Consumers increasingly seek eco-friendly packaging in their products so sustainability drives into the Latin America flexible packaging market. Companies respond to these trends. Companies are innovating. The materials used are biodegradable. The materials used are recyclable. Inteplast Engineered Films (IEF) expanded its InteGreen product line in 2022 to create mailer bags containing as much as 80% recycled content. This appears within global sustainability goals when people increasingly accept flexible packaging as a more sustainable alternative to rigid plastics.

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Latin America Flexible Packaging Market Segmentation

Analysis by Product Type

• Printed Rollstock
• Preformed Bags and Pouches
• Others

Analysis by Raw Material

• Plastic
• Paper
• Aluminium Foil
• Cellulose

Analysis by Printing Technology

• Flexography
• Rotogravure
• Digital
• Others

Analysis by Application

• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Others

Analysis by Country

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Latin America Flexible Packaging Market News

• March 2024: SIG partnered with DPA Brasil to launch spouted pouch packaging for its Chamyto yogurt brand.
• October 2023: PAC Worldwide opened a new full-service flexible packaging facility in Mexico.
• September 2023: Amcor introduced its AmFiber Performance Paper packaging in Latin America, focusing on sustainable solutions.
• 2022: Inteplast Engineered Films expanded its InteGreen line of sustainable films, producing mailer bags with up to 80% recycled content.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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