Colombia Rigid Plastic Packaging Market Size
| Study Period | 2022 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.81 Million metric tons |
| Market Volume (2029) | 0.97 Million metric tons |
| CAGR (2024 - 2029) | 3.87 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Colombia Rigid Plastic Packaging Market Analysis
The Colombia Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 0.81 Million metric tons in 2024 to 0.97 Million metric tons by 2029, at a CAGR of 3.87% during the forecast period (2024-2029).
In 2023, Colombia emerged as the sixth-largest global market for US agricultural exports, with total exports hitting USD 3.7 billion, as reported by the USDA. With a GDP growth of 0.6% in 2023, Colombia secured its rank as the 43rd-largest economy worldwide and the 4th-largest in Latin America.
• Colombia ranks as the third-most populous nation in Latin America. The country's processed food sales are driven by a tourism surge, evolving consumer lifestyles, and rising urbanization. The growing acceptance of American-style eateries paves the way for Western recipes and ingredients to find a place in Colombian cuisine, propelling the food industry's expansion and the market's growth.
• Middle-to-high-income Colombian consumers are showing a marked preference for convenience products, as reported by the International Trade Administration. The prepared food sector, buoyed by a heightened focus on health, gravitates toward wellness trends. Furthermore, heightened awareness of the benefits of plastic bottles, such as product safety and user-friendliness, has led to a pronounced shift toward rigid plastic packaging solutions.
• In Colombia's cosmetics and personal care sector, the rising demand for rigid plastic packaging can be linked to the booming popularity of e-commerce platforms, enabling customers to shop from virtually anywhere. The International Trade Administration notes that in 2023, Colombia had 39.34 million internet users, making up approximately 75.7% of its population, and securing the fourth spot in Latin America for internet user numbers.
• Colombia is witnessing a growing awareness of the environmental degradation caused by plastic pollution. Acoplásticos reports that Colombia's annual plastic production stands at 1.3 million tons, driven by the burgeoning demand from various industries. However, the heavy reliance on fossil fuels for plastic production and consumption has raised environmental and climate concerns, posing challenges to the market's growth in Colombia.
Colombia Rigid Plastic Packaging Market Trends
Polyethylene Terephthalate (PET) Segment is Estimated to Have the Largest Market Share
- In the packaging industry, PET (polyethylene terephthalate) has become a pivotal material due to its lightweight nature and recyclability. In Colombia, PET is the preferred packaging choice across various industries, finding applications in bottles, containers, trays, caps, and closures. Furthermore, its high-strength barrier properties and versatility make PET a favored option for thermoforming. This resistance to tampering and external influences underscores PET's suitability for sensitive applications, including food containers and non-alcoholic beverage bottles.
- Colombia ranks third in Latin America's pharmaceutical market, trailing only Brazil and Mexico. The growth of Colombia's pharmaceutical sector can be linked to its expanding population, a favorable economic environment, and government initiatives aimed at enhancing medicine accessibility. These initiatives include broadening health insurance and ensuring affordable drug coverage. Major players such as Boston Scientific and Johnson & Johnson have established pharmaceutical production in Colombia, fueling the demand for PET-based rigid plastic packaging solutions, including bottles, jars, and trays.
- Colombia's burgeoning middle class and the rising trend of ready-to-drink beverages among younger consumers propel the demand for non-alcoholic drinks. USDA data highlights significant growth in the beverage sector, particularly for flavored water, soft drinks, and juices, all of which are predominantly packaged in PET bottles. With a per capita consumption of 131.4 liters (34.71 gallons) annually, the momentum for the market’s growth is evident.
- Colombia's increasing exports of plastic packaging products, especially bottles, significantly bolstered the market’s growth. Data from the International Trade Centre (ITC) reveals that in 2023, Colombia's plastic product exports reached a value of USD 43.19 million, marking a surge of over 14% from the previous year. The primary export destinations included the United States, Ecuador, and the Dominican Republic.
Food Segment Expected to Dominate the Market
- The USDA reports that Colombia is a net importer of numerous food ingredients. Colombia's National Business Association (ANDI) highlights that the nation's food industry is home to 45,000 registered companies, with a notable 98% classified as small to midsize enterprises. While primarily catering to the domestic market, Colombia's food industry extends its reach, exporting to 140 countries, thereby fueling the demand for rigid plastic packaging solutions.
- Moreover, there is a rising appetite in Colombia for healthier snacks that emphasize minimal use of preservatives, additives, and chemicals. This trend and heightened health and environmental consciousness open avenues for healthy and sustainable food products. Notably, 78% of Colombians are interested in pursuing a healthier lifestyle, further energizing market growth.
- In Colombia, manufacturers such as Amcor Group GmbH and Alpla prioritize high-barrier plastic packaging, aiming for extended shelf life and minimizing food waste. These industry leaders are harnessing materials such as PE, PP, and PET, known for their sealing properties, to craft leak-proof packaging solutions tailored for food applications.
- Colombia predominantly imports food ingredients from the United States and Mexico to meet the surging consumer demand for premium food products. Data from the USDA reveals that in 2023, the United States led Colombia's agricultural imports (29%), followed by Mexico (12%) and Chile (10%).
Colombia Rigid Plastic Packaging Industry Overview
The Colombian rigid plastic packaging market is consolidated with players such as Amcor Group GmbH, Berry Global Inc., Amfora Packaging SAS, and RPM Colombia SAS operating in the market. These entities are vying for a more significant market share, employing strategies such as product innovation, market expansion, and strategic mergers and acquisitions.
•July 2024: Berry Global Inc., a US-based company with operations in Colombia, partnered with Abel & Cole, a UK-based firm, to launch refillable milk bottles crafted from recyclable polypropylene (PP). According to the company, these new bottles generate lower greenhouse gas (GHG) emissions during transport and processing than their heavier glass counterparts.
Colombia Rigid Plastic Packaging Market Leaders
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Berry Global Inc.
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RPM Colombia S.A.S
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Amfora Packaging S.A.S
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Sonoco Products Company
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Amcor Group GmbH
*Disclaimer: Major Players sorted in no particular order
Colombia Rigid Plastic Packaging Market News
- •August 2024: Aptar Group Inc., a US-based company with operations in Colombia, unveiled a new lightweight disc top closure tailored for beauty, personal care, and home care products. Crafted from polypropylene (PP) and infused with post-consumer recycled (PCR) content, the company provides a range of frost and gloss finishes. Furthermore, brands can personalize the closure with logos or marketing messages, enhancing product differentiation.
- May 2024: ALPLA Werke Alwin Lehner GmbH & Co. KG, an Austrian company operational in Colombia, introduced a new recyclable wine bottle crafted from PET material. This innovative bottle cuts carbon consumption by 38% compared to traditional glass bottles. The company aims to produce a million units annually starting in 2025, all made from recycled PET (rPET).
Colombia Rigid 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 Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Demand in the Food and Beverage Industry
5.1.2 Increasing Popularity of E-commerce Channels to Boost Cosmetic and Personal Care Industry
5.2 Market Challenge
5.2.1 Growing Environmental Concerns Regarding Plastic Packaging Waste in the Country
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
7.1 By Product Type
7.1.1 Bottles and Jars
7.1.2 Trays and Containers
7.1.3 Caps and Closures
7.1.4 Intermediate Bulk Containers (IBCs)
7.1.5 Drums
7.1.6 Pallets
7.1.7 Other Product Types
7.2 By Material
7.2.1 Polyethylene (PE)
7.2.1.1 LDPE & LLDPE
7.2.1.2 HDPE
7.2.2 Polyethylene Terephthalate (PET)
7.2.3 Polypropylene (PP)
7.2.4 Polystyrene (PS) and Expanded Polystyrene (EPS)
7.2.5 Polyvinyl Chloride (PVC)
7.2.6 Other Rigid Plastic Packaging Materials
7.3 By End-user Industries
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
7.3.2 Foodservice**
7.3.2.1 Quick Service Restaurants (QSRs)
7.3.2.2 Full-Service Restaurants (FSRs)
7.3.2.3 Coffee and Snack Outlets
7.3.2.4 Retail Establishments
7.3.2.5 Institutional
7.3.2.6 Hospitality
7.3.2.7 Other Foodservice End Uses
7.3.3 Beverage
7.3.4 Healthcare
7.3.5 Cosmetics and Personal Care
7.3.6 Industrial
7.3.7 Building and Construction
7.3.8 Automotive
7.3.9 Other End-User Industries (Household Products and Logistics)
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles*
8.1.1 ALPLA Werke Alwin Lehner GmbH & Co. KG
8.1.2 Berry Global Inc.
8.1.3 Amcor Group GmbH
8.1.4 Greif Inc.
8.1.5 Amfora Packaging SAS
8.1.6 Weener Plastics Group BV
8.1.7 Sonoco Products Company
8.1.8 RPM Colombia SAS
8.1.9 Aptar Group Inc.
8.1.10 Proplas SA
8.2 Heat Map Analysis
8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE**
10. FUTURE OUTLOOK
Colombia Rigid Plastic Packaging Industry Segmentation
The scope of the study characterizes the rigid plastic packaging market based on the product's raw materials, including PP, PE, PET, and other raw materials used across various end-use industries such as food, pharmaceuticals, beverage, personal care, industrial, and automotive. The research also examines the underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Colombian rigid plastic packaging market is segmented by product type (bottles and jars, trays and containers, caps and closures, intermediate bulk containers (IMCs), drums, pallets, and other product types), material type (polyethylene (PE) (LDPE & LLDPE and HDPE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS) and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other rigid plastic packaging materials), and by end-user industries (food (candy & confectionary, frozen foods, fresh produce, dairy products, dry foods, meat, poultry and seafood, pet food, and other food products), foodservice (quick service restaurants (QSRs), full service restaurants (FSRs), coffee and snack outlets, retail establishments, institutional, hospitality and other foodservice end uses), beverage, healthcare, cosmetics and personal care, industrial, building and construction, automotive and other end-user industries (household products and logistics)). The market sizing and forecasts are provided in terms of volume (tons) for all the above segments.
| By Product Type | |
| Bottles and Jars | |
| Trays and Containers | |
| Caps and Closures | |
| Intermediate Bulk Containers (IBCs) | |
| Drums | |
| Pallets | |
| Other Product Types |
| By Material | ||||
| ||||
| Polyethylene Terephthalate (PET) | ||||
| Polypropylene (PP) | ||||
| Polystyrene (PS) and Expanded Polystyrene (EPS) | ||||
| Polyvinyl Chloride (PVC) | ||||
| Other Rigid Plastic Packaging Materials |
| By End-user Industries | ||||||||||
| ||||||||||
| ||||||||||
| Beverage | ||||||||||
| Healthcare | ||||||||||
| Cosmetics and Personal Care | ||||||||||
| Industrial | ||||||||||
| Building and Construction | ||||||||||
| Automotive | ||||||||||
| Other End-User Industries (Household Products and Logistics) |
Colombia Rigid Plastic Packaging Market Research FAQs
How big is the Colombia Rigid Plastic Packaging Market?
The Colombia Rigid Plastic Packaging Market size is expected to reach 0.81 million metric tons in 2024 and grow at a CAGR of 3.87% to reach 0.97 million metric tons by 2029.
What is the current Colombia Rigid Plastic Packaging Market size?
In 2024, the Colombia Rigid Plastic Packaging Market size is expected to reach 0.81 million metric tons.
Who are the key players in Colombia Rigid Plastic Packaging Market?
Berry Global Inc., RPM Colombia S.A.S, Amfora Packaging S.A.S, Sonoco Products Company and Amcor Group GmbH are the major companies operating in the Colombia Rigid Plastic Packaging Market.
What years does this Colombia Rigid Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Colombia Rigid Plastic Packaging Market size was estimated at 0.78 million metric tons. The report covers the Colombia Rigid Plastic Packaging Market historical market size for years: 2022 and 2023. The report also forecasts the Colombia Rigid Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Colombia Rigid Plastic Packaging Industry Report
Statistics for the 2024 Colombia Rigid Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Colombia Rigid Plastic 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.
