A Detailed Analysis of Latin America Rigid Industrial Packaging Market on the Basis of High-Density Polyethylene, Polypropylene, Polyethylene Terephthalate, and Polyvinyl Chloride
Find out with FMI How Transpiration Concerns in the Automotive Sector Are Set to Create New Opportunities for Rigid Industrial Packaging Manufacturers across Latin America!
Latin America Rigid Industrial Packaging Market Snapshot (2023 to 2033)
During the forecast period 2023 to 2033, the Latin America rigid industrial packaging market is expected to surge at a CAGR of 3.5%. The market value is projected to increase from US$ 731.0 million in 2023 to US$ 1,026.7 million by 2033.
The rigid industrial packaging market was valued at US$ 706.7 million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 1.7% in 2022 to 2023.
The pallets segment with a market share of more than 49% has topped the global market within the product category and is expected to grow at a CAGR of close to 3.5% over the forecast period (2023 to 2033).
Attribute
Details
Market Size 2023
US$ 731 million
Market Size 2033
US$ 1,026.7 million
Value CAGR (2023 to 2033)
3.5%
Collective Value Share: Top 5 Countries (2023E)
45% - 50%
Industrial rigid packaging is known to be used to store and transport a variety of products across several sectors. High demand is witnessed from sectors like horticulture and agriculture, food & beverages, chemicals & solvents, construction, pharmaceuticals, oils and lubricants, and other industries.
Rigid industrial packagings such as pails, drums, rigid IBCs, and bulk boxes in several shapes are available on the market. These products are made from plastic, paper, metal, wood, and textile materials.
Rising industrialization is a major factor expected to drive the growth of the industrial rigid packaging market during the forecast period. In addition, growth in manufacturing activities in developing countries is likely to push the market over the assessment period.
Growing requirements for bulk rigid containers in food & beverage applications to store food ingredients, pulp, preservatives, and additives are driving the growth of the industrial rigid packaging market.
Rising demand for safe packaging of industrial products is expected to moderate the growth of the industrial rigid packaging market. The strong negative impact of the pandemic on the import-export activities of several end-use sectors is expected to somewhat hinder the development of the rigid industrial packaging market within the time framover the forecast period.
Key Trends
Reclaimed IBC undergoes processes such as decanting, washing, and furnace oxidation, which makes reusing IBCs much more environmentally friendly than scrapping.
Growing environmental concerns about recycling and dismantling of packaging have introduced new regulations and policies that lay down rules for firms to reuse their packaging goods.
Concerns of cross-contamination arise from recycling and regulatory mandate to reuse rigid packaging solutions, which have led to leading manufacturers offering remanufacturing services.
Industrial packaging manufacturers are benefiting from a recovery in the chemical industry, a key end-user of large industrial packaging, and are leveraging their in-house research & development capabilities to meet niche needs of the sector.
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2018 to 2022 Latin America Rigid Industrial Packaging Market Outlook Compared to Demand Forecast from 2023 to 2033
The Latin America rigid industrial packaging market has anticipated a CAGR of 1.5% during the historic period with a market value of US$ 706.7 million in 2022 from US$ 656.1 million in 2018.
The Latin American rigid industrial packaging market has grown steadily over the last decade, owing to the region's developing industrial and manufacturing sectors. Increased demand from industries such as food and beverage, chemicals, and pharmaceuticals, which require dependable and long-lasting packaging solutions for their products, has propelled the market.
The expansion of the region's construction industry has also been a significant driver of the market, as rigid packaging materials are required for the transportation and storage of building supplies.
With the development of sustainable and ecologically friendly packaging solutions, the Latin America rigid industrial packaging market has evolved over the years to satisfy changing customer needs. The growing concern for the environment and sustainability has prompted a greater emphasis on recyclable and biodegradable packaging materials in the market.
Key Factors Driving Growth in Latin America
The expansion of the automotive sector in Latin America is augmenting revenues in the region's rigid industrial packaging market. The automotive industry is a big user of rigid industrial packaging, especially for transporting and storing vehicle parts and components.
As the automobile industry expands in Latin America, so does the demand for rigid packaging solutions. Rigid industrial packaging is a dependable and long-lasting solution for transporting car parts, which are frequently huge and heavy and require particular handling and protection throughout transit.
Furthermore, the region's automotive industry's expansion has resulted in increasing international investment and the creation of new production facilities. As a result, the supply chain has grown and there is a greater requirement for packaging solutions to secure and transport car parts and components.
As demand from the electrical and automotive sectors surges, the Latin American rigid industrial packaging market is predicted to rise at an exponential rate. Rigid industrial packaging is a suitable solution for the electronics and automotive industries, which require specific packaging solutions to transport and store their products.
To preserve electrical components during shipment and storage, the electronics sector requires specialized packaging. Rigid industrial packaging is a dependable and durable solution for ensuring the safe shipping of electronic components. The growing demand for electronics in Latin America is propelling the rigid industrial packaging industry forward.
Category-wise Insights
Which Material Type is Used the Most in Rigid Industrial Packaging Market?
High-Density Polyethylene (HDPE) is the Leading Segment
High-Density Polyethylene (HDPE) is the most commonly utilized material type because of its unique qualities and versatility. HDPE is a lightweight yet sturdy and durable material that is ideal for rigid industrial packaging applications.
HDPE is also impact, moisture, and chemical resistant, making it excellent for storing and transporting a variety of things such as chemicals, food, and pharmaceuticals. Furthermore, HDPE is a low-cost material, making it an appealing choice for both manufacturers and end users.
HDPE is a recyclable material, making it an environmentally beneficial choice for rigid industrial packaging. The growing emphasis on sustainability and environmental friendliness has increased demand for HDPE packaging solutions in the Latin American market.
Which End-use Segment is Ministering the Market?
The Agricultural Sector is Projected to Fuel the Market
The expansion of the agricultural business in South America is assisting the region's rigid industrial packaging market. The agriculture industry uses a lot of hard industrial packaging, especially for transporting and storing crops and other agricultural products. As the South American agriculture business expands, so does the demand for rigid packaging solutions.
Rigid industrial packaging offers a dependable and long-lasting solution for agricultural product transportation and storage, safeguarding them from damage and ensuring safe delivery to their final destination.
Furthermore, the growing emphasis on sustainability and environmentally friendly packaging solutions is propelling the development of eco-friendly packaging materials such as biodegradable and recyclable plastics, which are especially important in the agriculture industry. The use of sustainable packaging solutions can aid in the reduction of waste and the reduction of the environmental impact of agricultural operations.
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Comparative View of Adjacent Latin America Rigid Industrial Packaging Market
Latin America Rigid Industrial Packaging Market:
Attributes
Latin America Rigid Industrial Packaging Market
CAGR (2023 to 2033)
3.5%
Market Value (2023)
US$ 731 million
Growth Factor
Growing demand from multiple end-use sectors, including construction, automotive, and agricultural, is one of the market's catalysts for growth.
Key Trend
The impact of the development of eco-friendly packaging choices is the growing importance of sustainability and environmental friendliness.
Rigid Packaging Containers Market:
Attributes
Rigid Packaging Containers Market
CAGR (2023 to 2033)
4.0%
Market Value (2023)
US$ 216.9 million
Growth Factor
The market for rigid packaging containers is expected to develop as a result of rising demand from a variety of end-use industries, including the food and beverage, pharmaceutical, and personal care sectors.
Key Trend
The desire for eco-friendly and sustainable packaging solutions to address the growing focus on environmental issues is the main trend in the market for rigid packaging containers.
Rigid Trays Market:
Attributes
Rigid Trays Market
CAGR (2023 to 2033)
3.9%
Market Value (2023)
US$ 6.08 billion
Growth Factor
The market for rigid trays is expected to develop as a result of factors such as rising on-the-go snacking trends, packaged food demand, and the requirement for practical and user-friendly packaging solutions.
Key Trend
The growing need for environmentally friendly and sustainable packaging solutions is the key trend in the market for rigid trays.
Country-wise Insights
Country
Brazil
Market Share (2023)
36%
Market Share (2033)
35.5%
BPS Analysis
-50
Country
Mexico
Market Share (2023)
28%
Market Share (2033)
31.7%
BPS Analysis
+370
Country
Rest of LA
Market Share (2023)
36%
Market Share (2033)
32.9%
BPS Analysis
-320
How is Mexico's Construction Industry Anticipated to Support and Fuel Market Expansion?
Mexico’s Robust Construction Sector to Provide Steady Demand for Rigid Industrial Packaging Solutions
According to Future Market Insights (FMI), Brazil reached a valuation of US$ 162,932.3 million by 2022-end. It is further expected to cross a valuation of US$ 256,873.3 million by the beginning of 2033.
Construction activities in Mexico are fueling the expansion of the Latin American rigid industrial packaging market. To suit the packaging needs of building materials, rigid industrial packaging solutions are in demand in Mexico, one of Latin America's largest construction markets.
To transport and store hefty, bulky products like cement, bricks, and tiles, the construction sector needs specific packaging solutions. For the safe transportation of these commodities, rigid industrial packagings options like pallets, crates, and containers offer a dependable and durable solution.
How will Brazil's Exports of Agricultural Products Will Drive the Market?
Rigid Packaging Solutions for International Export of Agricultural Produce Driving Sales in Brazil
Brazil market for rigid industrial packaging was valued at US$ 205,448.3 million at 2022-end. It is further expected to cross a valuation of US$ 286,484.3 million by the time 2033 rolls around. The demand for rigid industrial packaging solutions in the nation is being driven by the rising demand for food and agricultural products coming from Brazil.
Agricultural products must be transported and stored in rigid industrial packaging solutions including crates, pallets, and containers. The demand for rigid industrial packaging solutions in Brazil is increasing as a result of the country's status as a major international exporter of agricultural goods and the expansion of its construction industry. This is fueling the expansion of the Latin American rigid industrial packaging market.
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Competitive Landscape
The key players in the market are gaining market value by developing innovations and advancements in the Latin America rigid industrial packaging market.
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.
Scope of Report
Attribute
Details
Growth Rate
CAGR of 3.5% from 2023 to 2033
Base Year for Estimation
2022
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Revenue in US$ Million, Volume in units, and CAGR from 2023 to 2033
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
Material
Product
End-use
Regions Covered
Latin America
Key Countries Covered
Brazil
Mexico
Rest of Latin America
Key Companies Profiled
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
Frequently Asked Questions
Which Countries Dominate the Global Market?
The United States, Japan, and China dominate the global market.
What is the Growth Forecast for Latin America Rigid Industrial Packaging Market?
The market is forecast to register a CAGR of 3.5% through 2033.
How is the Historical Performance of the Market?
From 2018 to 2022, the market recorded a CAGR of 1.5%.
Which is the Top Trend in the Latin America Rigid Industrial Packaging Market?
Technological advancement in the current market trends.
What is the Projected Size of the Market by 2033?
The global market size is to reach US$ 1,026.7 million by 2033.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (million units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (million units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Pricing Analysis
6.2. Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Packaging Market Overview
8.2. Macro-Economic Factors
8.3. Forecast Factors - Relevance & Impact
8.4. Value Chain
8.4.1. Exhaustive List of Raw Material Suppliers
8.4.2. Exhaustive List of Manufacturers and Converters
8.4.3. Exhaustive List of End-users / Brand Owners/Customers/Buyers
8.5. COVID-19 Crisis - Impact Assessment
8.5.1. Current Statistics
8.5.2. Short-Mid-Long Term Outlook
8.5.3. Likely Rebound
8.6. Market Dynamics
8.6.1. Drivers
8.6.2. Restraints
8.6.3. Opportunity Analysis
8.7. Supply Demand Analysis
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis, by Material, 2018 to 2022
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast, by Material, 2023 to 2033
9.3.1. HDPE
9.3.2. PP
9.4. Market Attractiveness Analysis, by Material
10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis, by Product Type, 2018 to 2022
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast, by Product Type, 2023 to 2033
10.3.1. Drums
10.3.2. Jerry Cans
10.3.3. RIBC
10.3.4. Pales
10.3.5. Crates
10.3.6. Pallets
10.4. Market Attractiveness Analysis, by Product Type
11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis, by End-use, 2018 to 2022
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast, by End-use, 2023 to 2033
11.3.1. Agriculture
11.3.2. Automotive
11.3.3. Food and beverage
11.3.4. Chemical
11.3.5. Buildings and construction
11.3.6. Pharmaceutical
11.4. Market Attractiveness Analysis, by End-use
12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ million) and Volume Analysis, by Country, 2018 to 2022
12.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast, by Country, 2023 to 2033
12.3.1. Brazil
12.3.2. Mexico
12.3.3. Rest of Latin America
12.4. Market Attractiveness Analysis, by Country
13. Country-wise Rigid Packaging Market Analysis 2023 & 2033
13.1. Brazil Rigid Packaging Market Analysis
13.1.1. By Material
13.1.2. By Product Type
13.1.3. By End Use
13.2. Mexico Rigid Packaging Market Analysis
13.2.1. By Material
13.2.2. By Product Type
13.2.3. By End Use
13.3. Rest of Market Analysis
13.3.1. By Material
13.3.2. By Product Type
13.3.3. By End Use
13.4. Chile Rigid Packaging Market Analysis
13.4.1. By Material
13.4.2. By Product Type
13.4.3. By End Use
14. Market Structure Analysis
14.1. Market Analysis by Tier of Companies (Rigid Packaging Market)
14.2. Market Share Analysis of Top Players
14.3. Market Presence Analysis
15. Competition Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Competition Deep Dive
15.3.1. Grief Inc.
15.3.1.1. Overview
15.3.1.2. Product Portfolio
15.3.1.3. Profitability by Market Segments (Product/Channel/Region)
15.3.1.4. Sales Footprint
15.3.1.5. Strategy Overview
15.3.2. Unipac Embalagens Ltda.
15.3.2.1. Overview
15.3.2.2. Product Portfolio
15.3.2.3. Profitability by Market Segments (Product/Channel/Region)
15.3.2.4. Sales Footprint
15.3.2.5. Strategy Overview
15.3.3. Mausar Packaging Solutions
15.3.3.1. Overview
15.3.3.2. Product Portfolio
15.3.3.3. Profitability by Market Segments (Product/Channel/Region)
15.3.3.4. Sales Footprint
15.3.3.5. Strategy Overview
15.3.4. ALPLA Group
15.3.4.1. Overview
15.3.4.2. Product Portfolio
15.3.4.3. Profitability by Market Segments (Product/Channel/Region)
15.3.4.4. Sales Footprint
15.3.4.5. Strategy Overview
15.3.5. Kautex Textron GmbH & Co. KG
15.3.5.1. Overview
15.3.5.2. Product Portfolio
15.3.5.3. Profitability by Market Segments (Product/Channel/Region)
15.3.5.4. Sales Footprint
15.3.5.5. Strategy Overview
15.3.6. Berry Global Group, Inc.
15.3.6.1. Overview
15.3.6.2. Product Portfolio
15.3.6.3. Profitability by Market Segments (Product/Channel/Region)
15.3.6.4. Sales Footprint
15.3.6.5. Strategy Overview
15.3.7. Schutz Container Systems, Inc
15.3.7.1. Overview
15.3.7.2. Product Portfolio
15.3.7.3. Profitability by Market Segments (Product/Channel/Region)
15.3.7.4. Sales Footprint
15.3.7.5. Strategy Overview
15.3.8. Plásticos Novel
15.3.8.1. Overview
15.3.8.2. Product Portfolio
15.3.8.3. Profitability by Market Segments (Product/Channel/Region)
15.3.8.4. Sales Footprint
15.3.8.5. Strategy Overview
15.3.9. Schoeller Allibert
15.3.9.1. Overview
15.3.9.2. Product Portfolio
15.3.9.3. Profitability by Market Segments (Product/Channel/Region)
15.3.9.4. Sales Footprint
15.3.9.5. Strategy Overview
15.3.10. Dolav Plastic Products
15.3.10.1. Overview
15.3.10.2. Product Portfolio
15.3.10.3. Profitability by Market Segments (Product/Channel/Region)
15.3.10.4. Sales Footprint
15.3.10.5. Strategy Overview
16. Assumptions and Acronyms Use17. Research Methodology
