Colombia Pouch Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Colombia Pouch Packaging Market Analysis

The Colombia Pouch Packaging Market size is estimated at USD 0.44 billion in 2024, and is expected to reach USD 0.51 billion by 2029, growing at a CAGR of 3.01% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 3.92 billion units in 2024 to 4.61 billion units by 2029, at a CAGR of 3.30% during the forecast period (2024-2029).

• Colombia, the fourth-largest economy in Latin America and boasting the region's third-largest population, is witnessing a surge in urbanization. This trend is transforming the nation into a prime market for value-added food products, especially in the health food segment, consequently fueling the demand for pouch packaging.
• With a rising appetite for healthier and fresher food choices, Colombian consumers are increasing their per capita food consumption. Given the country's heavy reliance on food imports, it is a net importer. Notably, the United States emerged as Colombia's top global food ingredient supplier, a dynamic that significantly drives the local market.
• A US Department of Agriculture (USDA) report highlighted that the appetite for processed and frozen foods increased with the growing disposable income of the people. Within the frozen food category, preferences lean toward items like processed potatoes, ready-to-eat meals, pizza, and vegetables, all of which are increasingly turning to pouch packaging. This shift is primarily due to pouches' ability to shield against moisture and air, ensuring food freshness and, in turn, bolstering market growth.
• Colombia's demand for pouch packaging extends beyond the food sector. Industries spanning beverages, personal care, household care, and pharmaceuticals are increasingly adopting pouches. Their lightweight nature and ease of transport, especially compared to traditional packaging, are key drivers of this trend. Manufacturers such as Sonoco Products Company are tailoring their offerings, such as retort and hot fill pouches, to cater to these diverse industries, further propelling market growth.
• Plastic is the material of choice for packaging in Colombia as it is versatile and cost-effective. However, fluctuations in crude oil prices, coupled with rising demand and constrained resin supplies, directly impact plastic prices. Furthermore, seasonal demand variations can also sway the prices of plastic and paper materials, posing occasional hurdles to Colombia's packaging market.

Colombia Pouch Packaging Market Trends

The Standard Pouch Segment is Expected to Register the Highest Growth Rate

Colombia Pouch Packaging Industry Segmentation

Pouch packaging is a flexible product made from barrier films, paper, or foil, depending on the end-user’s requirement. The report analyzes the factors that impact geopolitical developments in the market based on the prevalent base scenarios, key themes, and end-user industry-related demand cycles. The analysis is based on the market insights captured through secondary research and primaries. The market also covers the major factors impacting the growth of the pouch packaging market in terms of drivers and restraints. The estimates exclude the weight and the cost of the content inside the pouch packaging solution.

The Colombia 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 sizes and forecasts are provided in terms of value (USD) and volume (Units) for all the above segments.