LATIN AMERICA CONTRACT PACKAGING MARKET Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Latin America Contract Packaging Market is segmented by Service (Primary Packaging, Secondary Packaging, and Tertiary Packaging), End-User Vertical (Beverages, Food, Pharmaceuticals, and Household and Personal Care), and Geography. The market sizes and forecasts are provided in terms of value (USD Billion) for all the above segments.

LATIN AMERICA CONTRACT PACKAGING MARKET Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Latin America Contract Packaging Market Size

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Latin America Contract Packaging Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 8.20 %
Market Concentration Medium

Major Players

Latin America Contract Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Latin America Contract Packaging Market with other markets in Packaging Industry

Advanced Packaging

Packaging Equipment

Contract Packaging

Overall Packaging

Packaging Customers

Packaging Forms

Latin America Contract Packaging Market Analysis

The Latin America Contract Packaging Market is expected to register a CAGR of 8.2% during the forecast period.

  • The e-commerce market grew rapidly owing to the restrictions and social distancing rules during the pandemic. It created significant demand, resulting in many businesses outsourcing their end-to-end packaging solutions to meet the sudden increase in demand.
  • The increasing focus of companies on adopting the latest and innovative packaging solutions and focus on their core business is also anticipated to foster market growth helping the companies to minimize the investment required to set up packaging infrastructure with the latest technology deployment and the continuous need to upgrade it.
  • The need for specialized production has increased as drugs and medications become more specialized. Further, in most of the packaging requirements where the regulations are stringent, the end-users like to engage with packaging vendors who have prior experience, expertise and equipped for handling the volume requirement of the clients. The region has witnessed a rise in demand for contract packaging owing to the inability of in-house packaging facilities to meet high standards needed for pharmaceutical packaging.
  • The growing pharmaceutical industry in the region is another factor driving the market. Pharmaceutical companies outsource packaging activities to third parties in emerging countries such as Brazil, Mexico, etc. Further, rising pricing pressure on pharmaceutical companies is boosting the industry's demand for contract packaging services. However, the increasing adoption of in-house packaging facilities by the end-user industries is hampering the market growth.
  • Due to the COVID-19 pandemic, there was increased demand for food, beverages, and pharmaceutical drugs, which led companies to outsource their packaging activities to co-packers, thus, increasing the demand for contract packaging in the region. For instance, Mexico City's primary wholesale market continuously detected several coronavirus cases daily, creating the need for hygienic and safe packaging services. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem with the increased raw materials and energy prices cost.

Latin America Contract Packaging Industry Overview

The Latin America contract packaging market is semi-consolidated is competitive, with some influential players operating in the market. These players with a noticeable share in the market are concentrating on expanding their customer base across the region. These businesses leverage strategic collaborative actions to improve their market percentage and enhance profitability.

In June 2022: With the changing market dynamics, plastic packaging materials remain in high demand even as costs climb within the industry. Attributed in part to weather events, infrastructure problems, labor shortages, and the pandemic, widely used packaging resins such as PET saw price increases of nearly 50% in 2021. Most of the makers rely on imported materials for resin packaging production, and short-term price relief is not expected for polyethylene and polystyrene packaging projects. The Rabobank report indicates new plants set to begin production in 2022 may ease polyethylene prices in 2023.
Moreover, Inflation isn't the sole factor for the supply gap that has thwarted the aluminum packaging industry, but the cost of the familiar material is up 40% over the past two years. Faced with high materials costs and the possibility of can shortages, beverage producers have taken massive packaging cost increases as inflationary pressure complicates aluminum beverage packaging in 2022. Energy uncertainty in Europe is expected to inflate the cost of glass packaging, as well. As a major glass importer, the users in Latin America can expect continued upward pricing pressure from the energy-intensive industry.

Latin America Contract Packaging Market Leaders

  1. TricorBraun

  2. Assemblies Unlimited, Inc.

  3. VMA LOGDIST

  4. U.S. Packaging & Wrapping LLC

  5. PAC Worldwide Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Latin America Contract Packaging Market Concentration
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Latin America Contract Packaging Market News

  • November 2022: TricorBraun acquired Vancouver-based Merlot Packaging, a rigid packaging distributor specializing in high-quality closures, serving customers in the nutraceutical segment to further expand its presence in Canada. The company is focusing on combining the expertise of TricorBraun and Merlot to serve nutraceutical customers across North America.
  • March 2022: Aptar Food + Beverage unit continuously collaborates and develops partnerships with companies of all sizes in Latin America to help them increase consumer loyalty and grow market share through packaging innovation. The company partnered with Chacauhaa Brazil to Provide an Inverted Packaging Solution with a SimpliSqueeze Flow Control Valve for Mel de Cacau Honey.

Latin America Contract Packaging Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industrial Value/Supply Chain Analysis
  • 4.3 Industry Attractiveness - Porter's 5 Force Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers/Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Industry Policies
  • 4.5 Assessment of COVID-19 Impact on the Market
  • 4.6 Overview of Global Contract Packaging Market

5. MARKET DYNAMICS

  • 5.1 Drivers
    • 5.1.1 Increasing Demand from E-commerce Industry
    • 5.1.2 Development in the Retail Chain
  • 5.2 Restraints
    • 5.2.1 Competition from In-house packaging

6. MARKET SEGMENTATION

  • 6.1 By Service
    • 6.1.1 Primary Packaging
    • 6.1.2 Secondary Packaging
    • 6.1.3 Tertiary Packaging
  • 6.2 By End-user Industry
    • 6.2.1 Food
    • 6.2.2 Beverages
    • 6.2.3 Pharmaceutical
    • 6.2.4 Household and Personal Care
    • 6.2.5 Other End-user Industries
  • 6.3 By Country
    • 6.3.1 Brazil
    • 6.3.2 Mexico
    • 6.3.3 Argentina
    • 6.3.4 Other Countries

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 TricorBraun
    • 7.1.2 Assemblies Unlimited, Inc.
    • 7.1.3 VMA LOGDIST
    • 7.1.4 U.S. Packaging & Wrapping LLC
    • 7.1.5 PAC Worldwide Corporation
    • 7.1.6 Rangel
    • 7.1.7 Colep Consumer Products

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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Latin America Contract Packaging Industry Segmentation

In a contract packaging model, an end-user business entity hires a packaging company to manage its packaging and supply chain needs. This includes inventory management, packaging finished goods, point-of-purchase display builds, and distribution to the market or the consumer. Outsourcing the packaging operation to a contract packaging vendor that specializes in supply chain management allows the business to focus on its core capabilities. Contract packaging companies must have the ability and expertise to manage all aspects of the supply chain needs fully. Outsourcing the packaging line allows a company to save money by negating the need to purchase lots of expensive packaging machinery and materials and investing it into core business segments.
The study tracks the market based on packaging service type across Latin America. The scope of the study excludes the design, testing, fulfillment, and other segments that are outsourced under the contract packaging segment. The study also covers the impact of the COVID-19 pandemic on the market.

The Latin America contract packaging market is segmented by service (primary packaging, secondary packaging, tertiary packaging), end-user vertical (beverages, food, pharmaceuticals, household and personal care), and geography.

The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

By Service Primary Packaging
Secondary Packaging
Tertiary Packaging
By End-user Industry Food
Beverages
Pharmaceutical
Household and Personal Care
Other End-user Industries
By Country Brazil
Mexico
Argentina
Other Countries
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Latin America Contract Packaging Market Research FAQs

What is the current Latin America Contract Packaging Market size?

The Latin America Contract Packaging Market is projected to register a CAGR of 8.2% during the forecast period (2025-2030)

Who are the key players in Latin America Contract Packaging Market?

TricorBraun, Assemblies Unlimited, Inc., VMA LOGDIST, U.S. Packaging & Wrapping LLC and PAC Worldwide Corporation are the major companies operating in the Latin America Contract Packaging Market.

What years does this Latin America Contract Packaging Market cover?

The report covers the Latin America Contract Packaging Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Contract Packaging Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin America Contract Packaging Industry Report

Statistics for the 2025 Latin America Contract Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Contract Packaging analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.