Latin America Dairy Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Latin America Dairy Packaging Market is segmented by Material (Plastic, Paper, Metal, Glass), Product (Cheese, Milk, Soy Beverages, Yogurt, Coffee Whiteners, Cream, Butter, Juices), Package Type (Bottles, Cans, Cartons and Boxes, Pouches), and Country.

Market Snapshot

CAGR
Study Period: 2019-2026
Base Year: 2020
CAGR: 5 %

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Market Overview

Middle East and Africa Frozen Food Packaging Market is expected to register a growth rate of 5% for the forecast period 2021-2026.Sustained consumption of added value products for middle and upper-income consumers is expected to give a boost to the dairy packaging market.

  • The use of high-end technology for production will boost the production creating an impact on the packaging market. The NAFTA agreement will further drive the exports and demand for efficient packaging solutions by dairy products manufacturers.
  • Dairy products are easily susceptible to contamination and on prolonged exposure to the atmosphere, they can get soiled, making it unfit for human consumption. To satisfy the needs of the consumers who are becoming more health-conscious, the dairy industry is slowly changing itself to suit the changing consumer needs.
  • They are now offering a range of products which are in line with the consumer expectations. One of the major factors that is contributing to this trend is the development of highly efficient packaging solutions for dairy products. The initiatives which have been taken by the packaging companies in terms of innovations and offerings have greatly contributed to the growth of the dairy market.
  • As the consumption of dairy products grows across the globe, so will the demand for efficient packaging systems which are sustainable environmentally and can provide products with a longer shelf life. The different sizes and formats of packaging are also contributing to the demand of dairy packaging products.
  • In addition, dairy packaging manufacturers in the region faced fluctuations in demand as the COVID-19 pandemic intensified, with potentially disruptive effects on production and revenues.

Scope of the report

As millennial seek out products that are healthy and all-natural, dairy is often positioned as an attractive option. Numerous research studies have demonstrated that dairy, whether low or full-fat, offers health benefits, from combatting diabetes to boosting bone density, improving memory and complete mental health.

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Key Market Trends

Milk is expected to Account for Significant Market Share

  • The increasing availability of packaged dairy products through various retailing channels owing to the rising population and changing diets coupled with an increasing consumer preference toward protein-based products is expected to increase the adoption of dairy-based product across the region, driving the market forward.
  • Milk is the most consumed dairy product across the globe. The high content of moisture and minerals present in the milk makes it very challenging for the vendors to store it for a longer period of time. This is one of the major reasons for milk being traded as milk powder or processed milk.
  • With the current milk processing technology, liquid milk packed in a bottle has a shelf-life between 10 to 21 days when stored at 4-8°C. With the emergence of processes like UHT (Ultra High Temperature) treatment of milk, the shelf life of packaged milk is further extended up to a year, without refrigeration.
  • With the increased milk production on a global scale, packaging solution regionally will also witness an increased demand, which will drive the market forward.
Milk LA.png

Glass Packaging to Drive the Market

  • Glass is one of the most preferred materials for packaging of food and bevrages including dairy products especially milk. Properties like excellent barrier properties, sterility, and reusability make it a superior packaging material. The other major advantage of glass packaging is that it can be molded into various shapes and sizes, facilitating its use across different industry verticals.
  • Even though glass remains the preferred packaging material for a variety of products, the growing usage of plastics as a replacement for glass will hamper the market growth. Advancements in the field of plastics for safe usage in different applications will restrict glass as a material for packaging.
  • Returnable glass bottles are a cost-effective option for companies to deliver their products. This form of packaging is largely used in the non-alcoholic beverage industry. Currently, about 70% of the bottles used for natural mineral water are made of plastic. The choice for bottled-water packaging material is increasing, taking into account, environmental considerations.
  • Further, the government in Brazil is playing a significant role in boosting local beer manufacturing. For instance, the Communist Party government collaborated with AmBev, the local subsidiary, and AB InBev, to launch Magnífica, a beer that is both sustainable and affordable.
LA Frozen 2.png

Competitive Landscape

The Latin America Dairy Packaging Market is moderately fragmented with few doninating firms and few new entrants in the market. The companies keep on innovating and entering into strategic partnerships in order to retain their market share.

  • June 2021- Amcor PLC a leading packaging firm in Latin America, launched new machines that will produce the ultra-clear and heat resistance films. The AmPrima line uses machine-direction orientation technology to produce films that can run at speeds that competitors are unable to match in a recycle-ready solution for the packaging purpose.
  • January 2020 -- Sonoco Products Company opened a new manufacturing facility in Resende, Brazil, to produce steel easy-open closures for use on metal cans, Annual capacity of the plant is projected to be more than one billion closures.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Value-Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Market Drivers

      1. 4.4.1

    5. 4.5 Market Restraints

      1. 4.5.1

    6. 4.6 Industry Policies

    7. 4.7 Impact of Covid-19 in the market

    8. 4.8 Technology Snapshot

  5. 5. MARKET SEGMENATATION

    1. 5.1 by Material Type

      1. 5.1.1 Plastic

      2. 5.1.2 Paper

      3. 5.1.3 Metal

      4. 5.1.4 Glass

      5. 5.1.5 Others

    2. 5.2 by Products

      1. 5.2.1 Cheese

      2. 5.2.2 Milk

      3. 5.2.3 Soy Beverages

      4. 5.2.4 Yogurt

      5. 5.2.5 Coffee Whiteners

      6. 5.2.6 Cream

      7. 5.2.7 Butter

      8. 5.2.8 Juices

      9. 5.2.9 Others

    3. 5.3 by Package Type

      1. 5.3.1 Bottles

      2. 5.3.2 Cans

      3. 5.3.3 Cartons and Boxes

      4. 5.3.4 Pouches

      5. 5.3.5 Others

    4. 5.4 by Country

      1. 5.4.1 Brazil

      2. 5.4.2 Mexico

      3. 5.4.3 Colombia

      4. 5.4.4 Argentina

      5. 5.4.5 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Amcor Ltd

      2. 6.1.2 Mondi Group

      3. 6.1.3 Bemis

      4. 6.1.4 Rexam

      5. 6.1.5 RPC Group

      6. 6.1.6 Winpak

      7. 6.1.7 AptarGroup

      8. 6.1.8 Sonoco

      9. 6.1.9 Silgan Holdings

      10. 6.1.10 Tetra Laval

      11. 6.1.11 DS Smith PLC

      12. 6.1.12 CAN-PACK S.A.

      13. 6.1.13 Prolamina Packaging

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

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Frequently Asked Questions

The LA Dairy Packaging Market market is studied from 2019 - 2026.

The LA Dairy Packaging Market is growing at a CAGR of 5% over the next 5 years.

Amcor PLC, Winpak Ltd., RPC Group, DS Smith PLC, Mondi PLC are the major companies operating in LA Dairy Packaging Market.

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