Flexible Packaging Market in Latin America 2015-2019
About flexible packaging
In broad terms, packaging refers to the technology of enclosing a product for the purpose of storage, distribution, sale, and use. Flexible packaging is a non-rigid method of packaging, and flexible packaging products are made from flexible materials such as plastic, aluminum, and paper. These materials undergo a detailed conversion process such as printing, lamination, coating, and extrusion to develop different types of flexible packaging products, such as plastic bags and pouches, lidding films, foil bags, and sachets.
Technavio's analysts forecast the flexible packaging market in Latin America to grow at a CAGR of 3.42% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the flexible packaging market in Latin America for the period 2015-2019. Based on raw materials used, the market can be categorized into four segments: plastic, paper, aluminum foil, and cellulose packaging materials.
Technavio's report, Flexible Packaging Market in Latin America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the flexible packaging market in Latin America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key leading countries
Technavio Announces the Publication of its Research Report – Flexible Packaging Market in Latin America 2015-2019
Technavio recognizes the following companies as the key players in the Flexible Packaging Market in Latin America: Amcor, Bemis, Printpack and Sealed Air
The other prominent vendors are: Berry Plastics, Constantia Flexibles, Coveris, Innovia Films, Mondi, Sonoco and WestRock
Commenting on the report, an analyst from Technavio’s team said: “Rising demand for high-barrier flexible packaging materials is an emerging trend in the global flexible packaging market. These high-barrier resins have specialized coatings and laminated structures that provide better protection against factors such as moisture and oxygen, thereby prolonging products' shelf life. Some of the most popular high-barrier plastics used in the development of this type of packaging include biaxially-oriented polyethylene terephthalate (BOPET) and ethylene vinyl alcohol (EVOH). Bayer MaterialScience, a global polymer company, showcased a new aliphatic isocyanate hardener, whose adhesive formulations for composite films adjust quickly at external environment temperature and are useful in food packaging.”
According to the report, increased demand from the packaged food and beverage companies for a number of packaging products and solutions with unique designs will help meet the increased production requirements and create product differentiation, enabling them to stay ahead of their competitors.
Further, the report states that political uncertainties in countries like Brazil and Chile have also resulted in weakened economies and is expected to create further negative influence on the packaging industry.
Amcor, Bemis, Printpack, Sealed Air, Berry Plastics, Constantia Flexibles, Coveris, Innovia Films, Mondi, Sonoco, WestRock