LA Plastic Bottles/Containers Market Size (2024 - 2029)

The Latin America plastic bottle market is experiencing growth driven by increasing demand for bottled water and health-conscious consumer behavior, which is boosting the need for PET bottles. The market's expansion is supported by the lightweight and manageable nature of plastic packaging, alongside innovative and sustainable packaging solutions. Despite challenges such as stringent regulations on single-use plastics and low recycling rates, the market's capacity is bolstered by urbanization and rising disposable incomes. The COVID-19 pandemic had a minimal impact on the market due to its support for essential services, although supply chain disruptions were noted.

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Market Size of LA Plastic Bottles/Containers Industry

Latin America Plastic Bottles/Containers Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 5.31 %
Market Concentration Medium

Major Players

Latin America Plastic Bottles/Containers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Latin America Plastic Bottle Market Analysis

The Latin America Plastic Bottles/Containers Market is expected to grow at a CAGR of 5.31% over the forecast period. Plastic bottle/container sales are rising in Latin America due to rising bottled water demand. The demand for mineral water in Latin America is set to increase due to growing health concerns, which is also anticipated to drive the market for PET bottles in the region.

  • Plastic packaging has been witnessing an increasing inclination from consumers over other products, as plastic packages are lightweight and easier to handle. A wide variety of innovative, cost-effective, and sustainable packaging solutions is emerging in the market, and plastic, as a product, is still widely accepted in the region. It has led to significant players, like Amcor, introducing new developments in the area. In Brazil, a prominent dairy brand, Letti, collaborated with Amcor PLC to introduce transparent one-liter PET bottles for its milk products. In partnership with New Age, Amcor recently launched PET for its Salzburg Craft Beer in Brazil.
  • The food and beverage industry dominated the Latin American PET market due to massive demand for PET resins to manufacture bottles for soft drinks and other beverages. The Brazilian beer market is the third largest globally and produces 14 billion liters annually. The acquisition of Kirin by Heineken will further drive the Latin American PET market.
  • The trends of plastic recycling in Latin America are inclined towards using 100% post-consumer resin and a label-free bottle. The bottle is completely recyclable in the region's recycling system, which promotes the circular economy even more. The fact that the containers are recycled repeatedly because of PET is a massive achievement for everyone concerned and a significant turning point for the Latin American industry.
  • Many consumers in Latin America are beginning to utilize eco-friendly items as plastic and plastic products can potentially have adverse environmental effects. Due to the stringent laws and regulations many governments in these nations imposed on the business. As a result, it grew significantly more slowly than other industries using other materials. The poor recycling rates of most areas countries have been predicted to substantially impact the plastic bottle and container business. Only 25.8% of plastics in Brazil were recycled, according to research commissioned by Fundacao Instituto de Administracao, a plastic organization in Brazil.
  • Consumers have been influenced to pick on-the-go beverages by fast urbanization, particularly in emerging nations, rising disposable incomes, and consumers' busy lives. It is driving the expansion of the PET bottle business in the area. However, legislation is enacted at the national and sub-national levels to prohibit or limit the manufacture and use of single-use plastic goods like bags, bottles, cups, and straws, frequently found in marine debris. Such regulations may restrict market expansion.
  • The impact of COVID-19 on the plastic bottles/containers market is minimal as it supports the end-user industries, such as beverages, food, pharmaceutical, etc., which come under essential services and are not discontinued even amidst the lockdown restrictions. However, the supply chain disruptions caused in the first four months of 2020 resulted in order delays and lead time across the supply chain.

Latin America Plastic Bottle Industry Segmentation

The market for the study defines the revenues generated from the sales of plastic bottles/containers in the Latin America region. The market tracks the consumption trends of plastic bottles/containers used across various end-users, including food, beverages, cosmetics, pharmaceuticals, and household care applications. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the plastic bottles/containers market in terms of drivers and restraints.

The Latin America Plastic Bottles/Containers Market is segmented by Raw Materials (PET, PP, LDPE, HDPE), End User Vertical (Food, Beverages, Cosmetics, Pharmaceuticals, Household Care), and Country.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Raw Materials
PET
PP
LDPE
HDPE
Other Raw Materials
By End-User Vertical
Beverages
Food
Cosmetics
Pharmaceuticals
Household Care
Other End-User Verticals
By Country
Brazil
Argentina
Mexico
Rest of Latin America
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LA Plastic Bottles/Containers Market Size Summary

The Latin America plastic bottle and container market is experiencing a steady growth trajectory, driven by increasing consumer demand for bottled water and the rising popularity of PET bottles. This growth is supported by the region's shift towards plastic packaging, which is favored for its lightweight and manageable properties. The food and beverage sector, particularly in Brazil, plays a significant role in this market expansion, with PET resins being extensively used for soft drinks and other beverages. The collaboration between major players like Amcor and local brands, such as Letti and New Age, highlights the ongoing innovation in packaging solutions, including the introduction of transparent PET bottles for dairy and craft beer products. Despite the challenges posed by environmental concerns and regulatory measures against single-use plastics, the market continues to thrive, bolstered by advancements in recycling technologies and the adoption of sustainable practices.

The market landscape is moderately fragmented, with key players like Amcor PLC, Graham Packaging Company, and ALPLA Group leading the charge in developing eco-friendly and cost-effective packaging solutions. The demand for lightweight materials, such as PET, is further amplified by the declining prices of PET resins, making it a preferred choice over traditional glass bottles. Initiatives to enhance recycling capabilities, such as the establishment of new facilities in Brazil and Mexico, underscore the industry's commitment to promoting a circular economy. The increasing import value of ethylene polymers reflects the growing need for plastic bottles and containers, particularly in Mexico, where bottled water consumption is notably high due to water security issues. As the market evolves, the focus on innovation, sustainability, and meeting consumer preferences remains pivotal in shaping the future of the Latin American plastic bottle and container industry.

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LA Plastic Bottles/Containers Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Raw Materials

      1. 2.1.1 PET

      2. 2.1.2 PP

      3. 2.1.3 LDPE

      4. 2.1.4 HDPE

      5. 2.1.5 Other Raw Materials

    2. 2.2 By End-User Vertical

      1. 2.2.1 Beverages

      2. 2.2.2 Food

      3. 2.2.3 Cosmetics

      4. 2.2.4 Pharmaceuticals

      5. 2.2.5 Household Care

      6. 2.2.6 Other End-User Verticals

    3. 2.3 By Country

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of Latin America

LA Plastic Bottles/Containers Market Size FAQs

The LA Plastic Bottles/Containers Market is projected to register a CAGR of 5.31% during the forecast period (2024-2029)

Amcor Plc, Plastipak Packaging do Brasil Ltda., Graham Packaging Company, ALPLA Group and Berry Global Group Inc. are the major companies operating in the LA Plastic Bottles/Containers Market.

Latin America Plastic Bottle Market Report Snapshots

Latin America Plastic Bottle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)