Argentina Pouch Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.91 Billion |
| Market Size (2029) | USD 1.14 Billion |
| CAGR (2024 - 2029) | 4.55 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Pouch Packaging Market Analysis
The Argentina Pouch Packaging Market size is estimated at USD 0.91 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 4.55% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 9.02 billion units in 2024 to 11.53 billion units by 2029, at a CAGR of 5.03% during the forecast period (2024-2029).
Pouch packaging, a compact and lightweight solution, finds extensive application across industries like food, beverages, and pharmaceuticals in Argentina. Its surge in popularity is primarily due to its eco-friendly nature, effectively curbing packaging waste and materials, thereby driving the market's growth in Argentina.
- Argentina, the third-largest economy in South America, is witnessing a surge in demand for pouch packaging. This demand is primarily fueled by factors like urbanization, a thriving food industry, and a notable shift toward convenient, single-serve food and beverage options.
- As consumers in Argentina increasingly prefer ready-to-eat and processed foods, the adoption of retort pouch packaging is on the rise. These pouches, known for their ability to store food long-term without refrigeration, are gaining popularity for their knack for preserving food quality, texture, and aroma.
- Furthermore, heightened awareness of sustainability is pushing manufacturers like Amcor Group GmbH to craft innovative pouches. These pouches have high-barrier properties, making them resistant to heat, punctures, and scuffs. Additionally, they are designed to be recycled and cater to a range of applications, be it ambient, cold chain, or hot fill, amplifying their appeal in the market.
- Despite their eco-friendly and convenient nature, the inherent flexibility of pouch packaging poses a challenge. Their comparative lack of rigidity, especially when measured against traditional options like bottles or jars, can limit their suitability for robust packaging needs, potentially hindering their market's growth in Argentina.
Argentina Pouch Packaging Market Trends
The Food Segment is Expected to Register the Highest Market Share
- Shifting consumer food habits and a burgeoning food processing industry are driving the demand for pouch packaging in Argentina. The country's rising appetite for ready-to-eat processed foods, a consequence of increasingly hectic lifestyles, further fuels this demand. The food processing industry in Argentina is growing due to consumers' attraction toward the US culture, which drives the market's growth.
- As consumers in Argentina seek products with extended shelf lives and heightened safety, the call for pouch packaging has intensified. Stand-up pouches, favored for their convenience in opening and resealing, are especially sought after for snacks in Argentina.
- Key players like Gualapack SpA and Amcor Group GmbH are at the forefront, crafting spouted pouches tailored for baby food, snacks, dairy, and pet food. These pouches, often a blend of paper, polypropylene (PP), or polyethylene (PE) with robust barrier properties, resonate well with the Argentine market.
- Argentina's reliance on food imports, notably from the United States, further cements the demand for pouch packaging. In 2023, Argentina's imports from the United States reached USD 230.05 million, marking a 9.63% uptick from the previous year, as per the United States Department of Agriculture (USDA).
Retort Pouch Packaging is Expected to Have the Largest Market Share
- Retort pouches and lightweight and flexible laminated plastic packages are increasingly favored in Argentina for their versatility in packaging various food products, from soups and sauces to dairy and snacks.
- As Argentina's consumer lifestyle becomes busier and more individuals, especially those studying or working alone, seek convenient meal solutions, the demand for ready-to-eat foods, often packaged in retort pouches, is on the rise. These pouches maintain food freshness and extend shelf life, further fueling the market's growth.
- With a notable surge in pet ownership, particularly dogs and cats, in Argentina, where 86% of households, as reported by GlobalPETS magazine, have a furry companion, the demand for retort pouches for pet food is escalating. Local manufacturers are responding by offering high-barrier laminates and pouches, catering to the trend for single-use and ready-to-eat pet food packaging.
- Argentina's increasing imports of plastic, valued at USD 152.44 million in 2023 and predominantly sourced from Brazil and China, are bolstering the country's flexible packaging and pouch market. This plastic finds applications in packaging across various industries, further underpinning the growth of the pouch packaging sector.
Argentina Pouch Packaging Industry Overview
The Argentine pouch packaging market sees a moderate consolidation. Key international players, like Amcor Group GmbH, Sonoco Products Company, Gualapack SpA, and local players, such as Grupo HZ, compete for a larger market share. These players propel growth by strategically engaging in partnerships, mergers, and acquisitions and actively seeking awards and recognition. Additionally, they are emphasizing product showcases at trade fairs and expos.
- March 2024: Amcor Group GmbH, an Australian firm with operations in Argentina, clinched eight accolades at the Flexible Packaging Association (FPA) annual gathering. Notably, its collaboration with Gualapack Brazil on the Dual Function Frozen Yoghurt Pouch garnered three of these awards.
Argentina Pouch Packaging Market Leaders
-
Amcor Group GmbH
-
Sonoco Products Company
-
Sealed Air Corporation
-
Gualapack SpA
-
Grupo HZ
*Disclaimer: Major Players sorted in no particular order
Argentina Pouch Packaging Market News
- June 2024: Mespack and Fuji Seal Announce Strategic Partnership to Develop an All-Inclusive Sales Contract for Filling Pre-made Pouches, This seamless integration aims to facilitate the adoption of superior technology and new capacity to packaging firms by reducing the complexity of synchronization and aligning all parties, resulting in the achievement of enhanced productivity and reliability across operations.
- October 2023: Grupo HZ, an Argentina-based company, showcased its packaging prowess at the Expo Envase Packaging and Processes, an event hosted by the Argentine Institute of Packaging. The company's display featured various products from its business units, including Interpack, Celomat, Innovapack, and Selecta.
Argentina Pouch 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 Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 The Proliferation of the Food Industry in Argentina
5.1.2 Rising Sustainable Solutions for Pouch Packaging
5.2 Market Challenge
5.2.1 The Increasing Popularity of Rigid Packaging Solutions can Hamper the Market's Growth
6. Industry Regulation, Policy and Standards
7. MARKET SEGMENTATION
7.1 By Material
7.1.1 Plastic
7.1.1.1 Polyethylene
7.1.1.2 Polypropylene
7.1.1.3 PET
7.1.1.4 PVC
7.1.1.5 EVOH
7.1.1.6 Other Resins
7.1.2 Paper
7.1.3 Aluminum
7.2 By Product
7.2.1 Flat (Pillow & Side-Seal)
7.2.2 Stand-up
7.3 By End-User Industry
7.3.1 Food
7.3.1.1 Candy & Confectionery
7.3.1.2 Frozen Foods
7.3.1.3 Fresh Produce
7.3.1.4 Dairy Products
7.3.1.5 Dry Foods
7.3.1.6 Meat, Poultry, And Seafood
7.3.1.7 Pet Food
7.3.1.8 Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)
7.3.2 Beverage
7.3.3 Medical and Pharmaceutical
7.3.4 Personal Care and Household Care
7.3.5 Other End user Industries ( Automotive, Chemical, Agriculture)
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Grupo HZ
8.1.2 Bischof + Klein SE & Co. KG
8.1.3 Amcor Group GmbH
8.1.4 Sonoco Products Company
8.1.5 Sealed Air Corporation
8.1.6 Gualapack SpA
8.1.7 Coresa Argentina
- *List Not Exhaustive
9. RECYCLING & SUSTAINABILITY LANDSCAPE
10. FUTURE OUTLOOK
Argentina Pouch Packaging Industry Segmentation
Pouch packaging is a flexible packaging product made from barrier films or paper or foil, depending on the end user’s requirement. This report analyzes the factors that impact geopolitical developments in the studied market based on the prevalent base scenarios, key themes, and end-user industries-related demand cycles. The analysis is based on the market insights captured through secondary and primary research. The market also covers the major factors impacting the growth of the pouch market in terms of drivers and restraints. The estimates exclude the weight and the cost of the content that is or is to be packed inside the pouch packaging solution.
The Argentina Pouch Packaging Market is Segmented by Material Type ( Paper, Plastic and Aluminum), by Resin Type - Plastic ( Polyethylene, Polypropylene, PET, PVC, EVOH, Other Resins), by Product ( Flat ( Pillow and Side Seal), Stand Up), by End-User Industry (Food (Candy & Confectionery, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry, And Seafood, Pet Food, Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)), Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End-User Industries). The market sizing and forecasts are provided in terms of volume (Units) and revenue (USD) for all the above segments.
| By Material | ||||||||
| ||||||||
| Paper | ||||||||
| Aluminum |
| By Product | |
| Flat (Pillow & Side-Seal) | |
| Stand-up |
| By End-User Industry | ||||||||||
| ||||||||||
| Beverage | ||||||||||
| Medical and Pharmaceutical | ||||||||||
| Personal Care and Household Care | ||||||||||
| Other End user Industries ( Automotive, Chemical, Agriculture) |
Argentina Pouch Packaging Market Research FAQs
How big is the Argentina Pouch Packaging Market?
The Argentina Pouch Packaging Market size is expected to reach USD 0.91 billion in 2024 and grow at a CAGR of 4.55% to reach USD 1.14 billion by 2029.
What is the current Argentina Pouch Packaging Market size?
In 2024, the Argentina Pouch Packaging Market size is expected to reach USD 0.91 billion.
Who are the key players in Argentina Pouch Packaging Market?
Amcor Group GmbH, Sonoco Products Company, Sealed Air Corporation, Gualapack SpA and Grupo HZ are the major companies operating in the Argentina Pouch Packaging Market.
What years does this Argentina Pouch Packaging Market cover, and what was the market size in 2023?
In 2023, the Argentina Pouch Packaging Market size was estimated at USD 0.87 billion. The report covers the Argentina Pouch Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Pouch Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Pouch Packaging Industry Report
Statistics for the 2024 Argentina Pouch Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Pouch Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Argentina Pouch Packaging Market Report Snapshots
