Market Share of Latin America Plastic Packaging Industry
The Latin America Plastic Packaging Market is highly competitive owing to the presence of multiple players in the market. The market appears to be moderately competitive and major players are adopting key strategies such as product innovation, mergers, and acquisitions, primarily to widen the product portfolio and expand their geographic reach. Some of the major players in the market are Amcor Plc, Sonoco Products Company, Graham Packaging Company, among others.
- Jul 2019 - Berry Global Inc. completed the acquisition of RPC Group PLC, at an approximate price of USD 6.5 billion. RPC Group is among the leading global designer and engineer of plastic products in the packaging and nonpackaging markets. This acquisition helped the growth of Berry's Engineered Materials product portfolio, which is expected to strengthen the company's product line.
- Aug 2019 - Amcor partnered with New Age to launch PET bottles for the Salzburg craft beer bottles in Brazil. The 600 ml bottles are designed with a glass-like, champagne-style base in combination with a lightweight and shatter-resistant PET.
Latin America Plastic Packaging Market Leaders
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Amcor Plc
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Sonoco Products Company
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Plastipak Packaging do Brasil Ltda.
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Graham Packaging Company
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Berry Global, Inc
*Disclaimer: Major Players sorted in no particular order
