LA Aseptic Packaging Market Size

Latin America Aseptic Packaging Market Analysis

The LA Aseptic Packaging Market size is estimated at USD 7.52 billion in 2024, and is expected to reach USD 12.52 billion by 2029, growing at a CAGR of 10.74% during the forecast period (2024-2029).

Brazil, Argentina, and Mexico are driving economic growth and in terms of getting maximum FDI in the region and have a massive demand for food which is catered to by imports and agricultural production. Thus aseptic packaging is gaining demand in the region to store products.

• With the growing middle-income group population, changing lifestyle, and evolving consumer preferences, the consumption rates among the Latin American countries are also rising steadily. According to the World Bank, Brazil and Mexico's gross national income per capita accounted for USD 7580 and 8480, respectively.
• The region is also witnessing increased demand for various beverages that require aseptic packaging. For instance, in March 2020, Heineken planned to invest BRS 865 million to expand its presence in Ponta Grossa. This increases the demand for flash pasteurizing or sterile filtration prior to the bottling or canning of alcoholic beverages.
• Further, Owing to the spread of COVID-19, the market is expected to witness significant growth. Due to the pandemic, customers have shifted towards online retail as well as the panic stocking, which led to an increased demand for essential food items such as milk, baby food, and vegetables.
• Moreover, the concerns regarding food hygiene due to Covid-19 have been increasing the demand for aseptic packaging. In the coming years, the customers are expected to prefer better packaging to prevent themselves from such diseases, which would compel the vendors to think on the lines of sustainable aseptic packaging.
• The Brazilian cosmetics industry is gaining from an untapped demographic dividend, the men who are progressively using more cosmetic products. According to KOTRA, a state-funded trade and investment promotion organization operated by the government of South Korea, there has been a continuous increase in the number of male consumers buying cosmetic products in Brazil. SEBRAE, or Brazilian Support Service for Micro and Small Enterprises, stated that the men's cosmetics market has tripled in Brazil in the past five years. By 2021, it will become the most prominent men's cosmetics market in the world. This is expected to facilitate further growth of aseptic packaging modules designed exclusively for men's cosmetic products.