The Latin America, Middle East and Africa Flexible Paper Packaging Market would witness market growth of 6.6% CAGR during the forecast period (2021-2027).
Flexible packaging is a popular choice among companies for a variety of reasons. It's less expensive to begin with, but it also provides excellent endurance and product protection. Flexible packaging allows for a great deal of customization. It may be customized to meet the demands of the clients. Manufacturers may create packaging in practically any form or size to fit any brand, product, and other business requirements.
Moreover, rising disposable income, changes in lifestyle, and the growing desire for convenience foods are gaining traction for flexible packaging paper solutions, which are used to food grains, package dairy products, fruits and vegetables, confectionery and bakery items, and other ready-to-eat foods. The growing trend of these food products in emerging and underdeveloped nations is fueling market expansion.
In terms of economic growth and foreign direct investment, Brazil is one of Latin America's top performers. Food and industrial items are in high demand, which is met by imports. To protect the items from being destroyed, flexible packaging will be required in this region. Demand for packaged food is projected to rise as the percentage of the population in the middle class rises, allowing the flexible packaging business to expand. Despite the pandemic and other concerns, the Brazilian personal hygiene, cosmetics, and perfumery business grew 5.8% in 2020, according to the Brazilian Association of the Personal Hygiene, Parfumery, and Cosmetics Industry's index (ABIHPEC).
Due to the increased demand, some industry participants are forming alliances and partnerships in order to generate superior extra earnings. Amcor, for example, established a North American and Latin American alliance with Moda vacuum packaging solutions in 2020. This agreement brings together Amcor's shrink bag and roll stock film for meat barrier films, as well as its polyvinyl chloride ("PVC") meat films, which are generally used to wrap fresh foods, particularly fowl.
The Brazil market dominated the LAMEA Flexible Paper Packaging Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,447.4 million by 2027. The Argentina market is poised to grow at a CAGR of 7.2% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 6.3% during (2021 - 2027).
Based on Embellishing Type, the market is segmented into Hot Foil, Cold Foil, and Others. Based on Printing Technology, the market is segmented into Flexography, Digital Printing, Rotogravure, and Others. Based on Packaging Type, the market is segmented into Pouches, Rollstock, Shrink Sleeves, Wraps and Others. Based on Application, the market is segmented into Food & Beverages, Healthcare, Beauty & Personal Care and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Flexible Paper Packaging Market is Predict to reach $81 Billion by 2027, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sealed Air Corporation, Amcor Plc, Mondi Plc, Sappi Limited, DS Smith Plc, Coveris Management GmbH (Sun Capital Partners, Inc.), Sabert Corporation, Wihuri International Oy, Sonoco Products Company, and Huhtamaki Oyj.
By Embellishing Type
By Printing Technology
By Packaging Type
By Application
By Country
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