Argentina Flexible Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.24 Million tonnes |
| Market Volume (2029) | 0.3 Million tonnes |
| CAGR (2024 - 2029) | 4.56 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 Market Trends
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.
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.
Argentina Flexible Plastic Packaging Industry Overview
The Argentine flexible plastic packaging market boasts a varied landscape, with key players including global giants like Amcor PLC and Sonoco Products Company, alongside local firms such as Grupo HZ and Coresa Argentina. To bolster their market presence, these companies are adopting strategies like new product launches, merger and acquisition activities, and active participation in trade shows and expos.
- June 2024 - Amcor PLC, headquartered in Australia but with operations in Argentina, showcased its cutting-edge packaging solutions at the International Cheese and Dairy Expo in Stafford, United Kingdom.
Argentina Flexible Plastic Packaging Market Leaders
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Amcor PLC
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Sonoco Products Company
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Grupo HZ
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Huhtamaki Oyj
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Coresa Argentina
*Disclaimer: Major Players sorted in no particular order
Argentina Flexible Plastic Packaging Market News
- March 2024: Amcor PLC, an Australia-based company with operations in Argentina, clinched eight awards across various end-user industries at the Flexible Packaging Association (FPA) annual meeting. Notably, Amcor's collaboration with Gualapack Brazil bore fruit as their dual-function frozen yogurt pack garnered three accolades.
- September 2023: Sonoco Products Company, a US-based company with a presence in Argentina, showcased its eco-friendly packaging solutions at NatExpo 2023.
Argentina Flexible Plastic Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 The Growing Food and Beverage Sector is Expected to Propel the Demand for Plastic Packaging
5.1.2 Increasing Demand for Cosmetic and Personal Care Products
5.2 Market Challenge
5.2.1 Fluctuating Plastic Prices to Hamper the Market's Growth
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Polyethene (PE)
6.1.2 Bi-oriented Polypropylene (BOPP)
6.1.3 Cast Polypropylene (CPP)
6.1.4 Polyvinyl Chloride (PVC)
6.1.5 Ethylene Vinyl Alcohol (EVOH)
6.1.6 Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS)
6.2 By Product Type
6.2.1 Pouches
6.2.2 Bags
6.2.3 Films and Wraps
6.2.4 Other Product Types (Blister Packs, Liners, etc)
6.3 By End-User Industry
6.3.1 Food
6.3.1.1 Candy & Confectionery
6.3.1.2 Frozen Foods
6.3.1.3 Fresh Produce
6.3.1.4 Dairy Products
6.3.1.5 Dry Foods
6.3.1.6 Meat, Poultry, And Seafood
6.3.1.7 Pet Food
6.3.1.8 Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)
6.3.2 Beverage
6.3.3 Medical and Pharmaceutical
6.3.4 Personal Care and Household Care
6.3.5 Other End user Industries ( Automotive, Chemical, Agriculture)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Grupo HZ
7.1.2 Molino Canuelas
7.1.3 Amcor PLC
7.1.4 Huhtamaki Oyj
7.1.5 Sonoco Products Company
7.1.6 Sealed Air Corporation
7.1.7 Berry Global Inc.
7.1.8 Coresa Argentina
7.1.9 Anchor Packaging Packall SRL
7.1.10 Sanlu Film
- *List Not Exhaustive
7.2 Heat Map Analysis
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OF THE MARKET
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.
| By Material Type | |
| Polyethene (PE) | |
| Bi-oriented Polypropylene (BOPP) | |
| Cast Polypropylene (CPP) | |
| Polyvinyl Chloride (PVC) | |
| Ethylene Vinyl Alcohol (EVOH) | |
| Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS) |
| By Product Type | |
| Pouches | |
| Bags | |
| Films and Wraps | |
| Other Product Types (Blister Packs, Liners, etc) |
| By End-User Industry | ||||||||||
| ||||||||||
| Beverage | ||||||||||
| Medical and Pharmaceutical | ||||||||||
| Personal Care and Household Care | ||||||||||
| Other End user Industries ( Automotive, Chemical, Agriculture) |
Argentina Flexible Plastic Packaging Market Research FAQs
How big is the Argentina Flexible Plastic Packaging Market?
The Argentina Flexible Plastic Packaging Market size is expected to reach 0.24 million tonnes in 2024 and grow at a CAGR of 4.56% to reach 0.3 million tonnes by 2029.
What is the current Argentina Flexible Plastic Packaging Market size?
In 2024, the Argentina Flexible Plastic Packaging Market size is expected to reach 0.24 million tonnes.
Who are the key players in Argentina Flexible Plastic Packaging Market?
Amcor PLC, Sonoco Products Company, Grupo HZ, Huhtamaki Oyj and Coresa Argentina are the major companies operating in the Argentina Flexible Plastic Packaging Market.
What years does this Argentina Flexible Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Argentina Flexible Plastic Packaging Market size was estimated at 0.23 million tonnes. The report covers the Argentina Flexible Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Flexible Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Flexible Plastic Packaging Industry Report
Statistics for the 2024 Argentina Flexible Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Flexible Plastic Packaging analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
