Market Share of LA Cosmetic Packaging Industry
The Latin America Cosmetic Packaging Market is moderately competitive. The vendors in the market leverage partnerships and acquisitions to expand their product reach and drive innovations. Further, the COVID-19 Impact, coupled with economic slowdowns in the region, is expected to drive significant opportunities for vendors offering cheaper packaging solutions.
- August 2019: Albea SA further invested in Nilpeter technology with the acquisition of new FA-presses for company sites in India, Brazil, and Poland. The collaboration between the two market-leading companies dates back to 2008 when Albea, through its former UK division, Betts Group, acquired two original FA-4 flexo presses for India and Indonesia locations.
- July 2019: HCP Packaging Co Ltd expanded its Mexico facility in Reynosa by significantly increasing the production floor space and double office space. The US and Mexico teams work closely together on the expansion program, utilizing strong collective experience to realize additional capacity for molding, vacuum metalizing, coating, decoration processes, and final assembly.
Latin America Cosmetic Packaging Market Leaders
Amcor PLC
Albéa Group
Aptar Beauty+Home
Cosmopak Corporation
Hcp Packaging Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
