Market Share of Latin America Protective Packaging Industry
The Latin America protective packaging market is moderately fragmented and consists of various vendors providing these products and solutions. Players in the market focus on product innovations and strategic initiatives such as mergers and acquisitions and partnerships to capture the market share. Some of the recent developments in the market are:
- January 2020 - Sealed Air announced to launch a new version of BUBBLE WRAP brand packaging material that is made with at least 90% recycled content. It offers the same level of protection and air retention as the original invention yet enables a circular plastics economy, reduces carbon footprint by 30%, and serves as a resource-efficient packaging solution. Such innovation will cater to market growth in Latin American countries.
- December 2019 - Storopack unveiled new raw material for protective packaging made from 100% rEPS. The rEPS includes 100% recycled expanded polystyrene (EPS) or polystyrene (PS) collected from post-consumer goods. The company will launch the product in the first half of 2020.
Latin America Protective Packaging Market Leaders
Intertape Polymer Group Inc.
Sealed Air Corporation
Sonoco Products Company
Smurfit Kappa Group plc
Crown Holdings Inc.
*Disclaimer: Major Players sorted in no particular order
