Latin America Flexible Packaging Market Share

Market Share of Latin America Flexible Packaging Industry

The Latin American flexible packaging market comprises several global and regional players and is moderately consolidated. As the market poses low barriers to entry for the new players, several new entrants have gained traction. This market is characterized by low product differentiation, growing levels of product penetration, and high levels of competition. Sustainable competitive advantage can be gained through design, technology, and application innovation. Some of the major players operating in the market are Amcor PLC, Berry Global Inc., Mondi Group, and Sealed Air Corporation.

• May 2024: SGK's team in Brazil collaborated with Johnson & Johnson Brazil to introduce SEMPRE LIVRE. Their sustainability initiatives garnered them the Popular Vote category at the 20th ABRE Brazilian Packaging Award. In partnership with Johnson & Johnson, SGK spearheaded innovation by developing the inaugural flexible film packaging. They designed a thinner insert, incorporating 33% post-consumer resin for female care products, achieving a notable 10.25% reduction in carbon footprint compared to existing packaging.
• October 2023: PAC Worldwide relocated its operations from Pedro Escobedo, Mexico, to a new 83,000 sq. ft plant in Vistha San Juan Del Rio as part of its strategy to enhance manufacturing capabilities in Central America. This comprehensive, flexible packaging facility is two hours north of Mexico City.

Latin America Flexible Packaging Market Leaders

1. Amcor PLC

2. Berry Global Inc.

3. Mondi Group

4. Sealed Air Corporation

5. Coveris Holdings SA

*Disclaimer: Major Players sorted in no particular order