Argentina Flexible Plastic Packaging Market Size (2024 - 2029)

Argentina Flexible Plastic Packaging Market Analysis

The Argentina Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.24 Million tonnes in 2024 to 0.3 Million tonnes by 2029, at a CAGR of 4.56% during the forecast period (2024-2029).

The flexible plastic packaging market is witnessing significant growth, driven by its diverse applications in industries like cosmetics, personal care, pharmaceuticals, and food and beverages. Urbanization, evolving consumer preferences, and increased spending are fueling this expansion.

• As per the United States Department of Agriculture (USDA), Argentina boasts a sizable and evolving food and beverage sector. The nation notably sources consumer-oriented food items from the United States, Brazil, Paraguay, Uruguay, and China. In 2023, Argentina's food and agricultural imports totaled USD 7.2 billion, a pivotal driver of the market's growth.
• Argentina's rich topography has bolstered its tourism sector. The surge in tourist footfall, especially in Buenos Aires, is boosting the food and beverage industry and amplifying the demand for flexible plastic packaging solutions like pouches and bags.
• Driven by a desire for youthful skin, Argentina's millennials increasingly turn to cosmetics and personal care products, including makeup, oils, and moisturizers. This demand surge directly translates to a need for flexible plastic packaging solutions like tubes, pouches, sachets, and shrink sleeves.
• Argentina faces challenges in its plastic market, marked by price fluctuations due to supply-demand imbalances. Persistent fiscal deficits and inflation are exerting pressure on the flexible plastic packaging sector.

Argentina Flexible Plastic Packaging Industry Segmentation

The study on the Argentina flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material and tracks the market size for respective end-user types. The estimates for the Argentina flexible plastic packaging market include all the costs associated with flexible plastic packaging manufacturing, starting from raw material procurement till it reaches the end-user industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using both bottom-up and top-down approaches for segmentation, and volume has also been taken into consideration.

The Argentina Flexible Plastic Packaging Market Report is Segmented by Material (Polyethene [PE], Bi-Oriented Polypropylene [BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC], Ethylene Vinyl Alcohol [EVOH], and Other Material Types [Polycarbonate, PHA, PLA, Acrylic, and ABS]), Product Type (Pouches, Bags, Films and Wraps, and Other Product Types), End-User Industry (Food [Frozen Food, Dry Food, Meat, Poultry, and Sea Food, Candy & Confectionery, Pet Food, Dairy Products, Fresh Produce and Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)], Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End User Industry [Automotive, Chemical, Agriculture]). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.