Market Trends of Argentina Flexible Plastic Packaging Industry
Polypropylene (PP) is Expected to Witness Strong Growth
- Polypropylene (PP) is gaining traction as a favored material for food packaging in Argentina. Its versatility, durability, and moisture resistance make it ideal for preserving food in wraps.
- Bi-oriented polypropylene (BOPP) is widely used in Argentina for packaging perishable items like snacks, bakery goods, and ready-to-eat foods. Its standout feature is its barrier properties, which shield products from moisture and oxygen, thereby prolonging their shelf life.
- Key players in Argentina, such as Coresa, are directing their investments toward R&D in packaging materials like bi-oriented polypropylene (BOPP) and polypropylene (PP). Coresa caters to diverse packaging needs and specializes in product differentiation and customization.
- Moreover, surging demand for plastic products in Argentina is bolstering the need for flexible packaging. Recent data from the International Trade Centre underscores Argentina's escalating plastic imports, with significant inflows from nations like Brazil and China. In 2023, Argentina's plastic imports were valued at USD 139.12 million, a 0.52% increase from the previous year.
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The Food Industry is Expected to Register the Highest Market Share
- Argentina's export opportunities in flexible packaging have surged, driven by urbanization, a diverse and high-quality food production landscape, and a booming food processing sector.
- As the population in Argentina is increasingly turning to snacked products like savory treats and baked goods, alongside a rising preference for convenience and on-the-go foods, the demand for flexible packaging has notably increased.
- As exemplified by Grupo HZ, key players in Argentina are at the forefront. They offer food packaging with robust mechanical properties, ensuring the food's integrity from production to distribution. Additionally, these players are enhancing their offerings with customizable print designs, aiding in product promotion to meet evolving consumer demands.
- Argentina's export focus, particularly on chocolate and cocoa products, directed mainly to nations like Brazil, Uruguay, Australia, and Chile, further fuels the demand for flexible packaging. Notably, data from the International Trade Centre (ITC) reveals that Argentina's exports hit USD 55.46 million in 2023, marking a substantial 77.86% surge from the previous year.
