Market Size of Latin America Rigid Bulk Packaging Industry
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Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 6.54 Billion |
Market Size (2029) | USD 7.30 Billion |
CAGR (2024 - 2029) | 2.22 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Latin America Rigid Bulk Packaging Market Analysis
The Latin America Rigid Bulk Packaging Market size is estimated at USD 6.54 billion in 2024, and is expected to reach USD 7.30 billion by 2029, growing at a CAGR of 2.22% during the forecast period (2024-2029).
- Latin America's bulk packaging market is on the rise, owing to the increasing export trade in food and beverage products. Intermediate bulk containers are needed at different stages in the food & beverage supply chain, such as storage, transportation, and distribution of products like syrups, sauce, alcoholic & non-alcoholic beverages, etc.
- Intermediate bulk containers help maintain the quality & freshness of products while allowing for efficient handling & logistics management. According to US UN Comtrade, beer exports from the region amounted to USD 5.76 billion in 2022, up from USD 4.06 billion in 2017.
- Additionally, the growth for lightweight, recyclable, and environment-friendly rigid packaging is attributable to the escalated awareness of sustainable packaging practices in line with the region's environmental sustainability objectives. For example, Mexico's Secretariat of Environment and Natural Resources, SEMARNAT, has put measures in place to decrease plastic waste and encourage sustainable packaging practices, prompting packaging manufacturers to move away from traditional packaging and towards eco-friendly options such as paperboard bulk containers or recyclable rigid plastic drums, barrels or pails.
- The growth of the rigid bulk container market in Chile is mainly driven by the tomato processing companies. Chile is one of the largest exporters of tomato puree to Latin America and North America. These tomato pastes are processed and transported using a variety of bulk containers. This leads to the growth of the market for industrial bulk containers and drums for clean and safe transport and quality preservation during international shipments.
- One of the hurdles is the issue of cost. As businesses aim to reduce expenses and enhance efficiency, they frequently search for methods to decrease their packaging expenditures. However, this approach can potentially jeopardise the protection of products and raise the likelihood of damage during transportation and storage.
- Furthermore, Latin America has a significantly growing pharmaceutical and chemical industry across the globe. Notably, the rigid bulk packaging market in Latin America is expected to grow on the back of the increasing use of chemicals in end-use sectors such as construction, pharmaceutical, polymers, and resins, as well as the high complexity of reaching end-users. The chemical distribution industry in Latin America remains highly diversified. Thereby, it demands high-quality industrial bulk packaging options for the transportation and storage of such chemicals.
Latin America Rigid Bulk Packaging Industry Segmentation
Rigid bulk packaging is a high-strength packaging solution mainly used in packaging products that are sensitive and perishable. The market for rigid bulk packaging is expected to grow due to the increasing demand from the chemical, pharmaceutical, and food & beverages industries. The demand for reusable bulk packaging is also increasing due to the cost-effectiveness of reusable bulk containers compared to smaller containers.
The Latin America rigid bulk packaging market is segmented by material (plastic, metal, wood, and other materials), by product (industrial bulk containers, drums, pails, bulk boxes, and other bulk containers), and by end-user industry (food, beverage, industrial, pharmaceutical, and chemical, other end-user industries), and by country (Brazil, Mexico and Rest of Latin America). The market sizes and forecasts are provided in terms of value USD for all the above segments.
By Material | |
Plastic | |
Metal | |
Wood | |
Other Materials |
By Product | |
Industrial Bulk Containers | |
Drums | |
Pails | |
Bulk Boxes | |
Other Bulk Containers |
By End-user Industry | |
Food | |
Beverage | |
Industrial | |
Pharmaceutical and Chemical | |
Other End-user Industries |
By Country | |
Brazil | |
Mexico |
Latin America Rigid Bulk Packaging Market Size Summary
The Latin America Rigid Bulk Packaging market is experiencing a positive trajectory, driven by the burgeoning export trade in food and beverages. This growth is largely attributed to the increasing demand for intermediate bulk containers, which are essential for maintaining product quality and facilitating efficient logistics in the food and beverage supply chain. The region's commitment to sustainable packaging practices is also influencing market dynamics, with a shift towards lightweight, recyclable, and eco-friendly packaging solutions. This transition is supported by regulatory measures in countries like Mexico, aimed at reducing plastic waste and promoting environmentally friendly alternatives. Additionally, the market is bolstered by the robust agricultural sector, with Latin America being a major global food exporter, necessitating the use of durable packaging for agricultural produce and fertilizers.
Brazil stands out as a significant contributor to the market, with its expanding pharmaceutical and chemical industries driving demand for rigid bulk packaging solutions. The country's mature pharmaceutical sector, coupled with substantial investments in production capacity, underscores the need for high-quality packaging to support both domestic and international trade. The market is moderately consolidated, with key players like ORBIS Corporation, Greif Inc., and Alpa Group actively pursuing strategies to enhance their market presence and sustainability efforts. Recent investments in production capabilities and the introduction of innovative packaging solutions further highlight the industry's focus on meeting the evolving needs of various end-use sectors, including construction, pharmaceuticals, and agriculture.
Latin America Rigid Bulk Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Market Dynamics
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1.4.1 Market Drivers
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1.4.1.1 Growing Food and Agricultural Exports from Latin America
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1.4.1.2 Construction and Infrastructural Activity Aids Market Growth
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1.4.2 Market Restraints
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1.4.2.1 Severe Inflation and Increased Price of Raw Material May Dent the Market Growth
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Plastic
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2.1.2 Metal
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2.1.3 Wood
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2.1.4 Other Materials
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2.2 By Product
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2.2.1 Industrial Bulk Containers
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2.2.2 Drums
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2.2.3 Pails
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2.2.4 Bulk Boxes
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2.2.5 Other Bulk Containers
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2.3 By End-user Industry
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2.3.1 Food
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2.3.2 Beverage
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2.3.3 Industrial
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2.3.4 Pharmaceutical and Chemical
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2.3.5 Other End-user Industries
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2.4 By Country
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2.4.1 Brazil
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2.4.2 Mexico
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Latin America Rigid Bulk Packaging Market Size FAQs
How big is the Latin America Rigid Bulk Packaging Market?
The Latin America Rigid Bulk Packaging Market size is expected to reach USD 6.54 billion in 2024 and grow at a CAGR of 2.22% to reach USD 7.30 billion by 2029.
What is the current Latin America Rigid Bulk Packaging Market size?
In 2024, the Latin America Rigid Bulk Packaging Market size is expected to reach USD 6.54 billion.