Market Size of LA Baby Food Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Latin America Baby Food Packaging Market Analysis
Latin America Baby Food Packaging Market is expected to grow at a CAGR of 9.8 % over the forecast period (2021 - 2026). The Covid-19 pandemic had a positive effect on the baby food packaging industry, as people tried to store baby food during the lockdown. Composite containers continued to dominate dried baby food in 2020, accounting for more than three-quarters of volume sales in this product area.
- Glass jars remained the most common pack type in prepared baby food, dominating volume sales in the category once more in 2020 by a long way. The most popular pack sizes in 2020 remained 120g and 170g glass jars, as consumers still tend to prefer to purchase smaller pack sizes and to refresh their stocks regularly for their children, rather than keeping larger presentations for a longer time.
- Metal tins remain the main pack type to convey a premium image and for better storage, unlike dried baby food, which is increasingly being sold in flexible aluminum/plastic stand-up pouches, thus reducing unit prices.
- Dried baby food is projected to continue its decline in Latin America as consumers increasingly opt for other baby food products. Despite a brief revival expected in 2022, when the effects of the COVID-19 pandemic are expected to subside in Latin America, the already declining category will continue to register declining volume sales as other categories gain share.