Market Trends of LA Baby Food Packaging Industry
This section covers the major market trends shaping the Latin America Baby Food Packaging Market according to our research experts:
Plastic is Expected to Hold the Largest Market Share
- Plastics are a more efficient material for food packaging than other alternatives because plastics are energy efficient to manufacture, and they are also lighter than alternative materials.
- For instance, just two pounds of plastic can deliver 10 gallons of Liquid, i.e., milk, whereas three pounds of aluminum, eight pounds of steel, or over 40 pounds of glass are needed to deliver the same amount of Liquid.
- In the powder milk formula segment, the busy life of working parents has led to the launch of single-serve plastic sachets by various brands. Thus, this increases the importance of ready nutrition products and further boosts the market growth.
- With the expanding infant nutrition market, it is evident that nutritional product demand, such as milk, is increasing, and it is directly driving the baby food packaging market. It is also durable, and parents can carry them without hassle. Moreover, plastics are airtight, so the chances of getting stale are unlikely.
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Brazil to Hold the Largest Market Share
- Brazil is the major market for these solutions in the region, followed by Mexico and Argentina in the Latin America region. Increasing consumer awareness and higher disposable income are the factors driving the demand for baby food packaging solutions.
- Latin America is one of the growing regions expected to capture a significant share of the global baby food packaging market during the forecast period. The Brazilian public is famous for searching product reviews on different platforms; furthermore, they are heavy users of social networks.
- As per the Brazilian Institute of Geography and Statistics, it is expected that the revenue of packaging manufacturing in Brazil will amount to approximately USD 6.9 billion by 2023. Further, there is a trend supporting premiumization in this market. Despite being price-sensitive, it follows eco-friendliness.
- Furthermore, newer acquisitions and contracts might add value to the market growth. Recently, Armor Protective Packaging announced that they welcomed the Orvic Brasil to the ARMOR global 'family.' ARMOR and Orvic have joined forces in a strategic partnership.
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