Market Size of Brazil Plastic Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.47 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil Plastic Packaging Market Analysis
The Brazil plastic packaging market is anticipated to grow with a CAGR of 1.47% during the forecast period of 2021-2026. The COVID-19 pandemic provided significant relief to the plastic packaging vendors as the nations were slowly banning such packaging and promoting reusable packaging; the outbreak changed the consumers' and governments' behavior toward them. Due to the COVID-19 outbreak, the demand for nutritional drinks and healthy food increased exponentially. The majority of these products are packaged with single-use plastic. The orders were so huge on a global level that the manufacturers and packaging companies in the field even expanded their facilities, which was also supported by most of the governments.
- Plastic packaging has become an integral part of many businesses because of its cutting-edge design that assists in providing innovative packaging solutions. The rapid expansion of the food and beverages, personal care, and pharmaceuticals sectors and the rising penetration of organized and e-retail across the world are expected to fuel market growth.
- Rising focus on advanced packaging solutions coupled with the growth and expansion of the packaging industry is one of the major factors fuelling up the demand for plastic packaging. Moreover, the growing demand for convenient packaging solutions by the various end-user verticals such as consumer electronics, household products, and so on is also fostering the market growth rate.
- Low-density polyethylene (LDPE), polypropylene (PP), high-density polyethylene (HDPE), and polyethylene terephthalate (PET) are the most widely used materials for the manufacturing of products, such as bottles and jars, trays and containers, wraps and films, and pouches, as they are cost-effective, lightweight and have extensive functionalities and strong barrier properties against moisture.
- Growing demand for sustainable packing solutions is prompting manufacturers to use recycled plastic resins to make such products. Also, The changing lifestyle led to the introduction of single-serve packaging that significantly contributed to the market growth in the past few years.
- In October 2020, Uniliver announced that by 2025, the company confirmed it would halve its use of virgin plastic by reducing its use of plastic packaging by more than 100,000 tonnes and accelerating its use of recycled plastic.
