Latin America Metal Packaging Market (2020-2026) | Industry, Value, Growth, Share, Size, Forecast, Analysis, Outlook, Companies, Revenue, Trends & COVID-19 IMPACT

Latin America Metal Packaging Market have helped metal packaging to consolidate its position in the region due to its greater production capacity, high recyclability levels, versatility for new usages, innovation in formats and closures. Packaging plays an important role in the soft drinks market. Efficient packaging solutions offer benefits like ease of use, disposability and enhanced user experience. These benefits have led to the growth in demand for packaging solutions for the soft drinks segment. Over the past several years, Brazil has easily become one of the most dynamic countries in the world for packaging application. With the abridged buying power for numerous customers in Brazil and the preference for cash and carry that is driven by multipack and economy products coupled with various benefits of refill packages has contributed extensively in maintaining the performance of packaging on a positive level in almost all industry. However, the advent of products usually obtainable at low prices is also a vital factor driving the metal packaging industry.

According to 6Wresearch, Latin America Metal Packaging Market is anticipated to witness growth during the forecast period 2020-26. The customers rising preference towards packed food, ready to eat food and beverages, accompanied by better and safer packaging is creating possibilities. The personal care segment and demand for youth-centric cosmetic products have potential growth opportunities in the market. Furthermore, the technological advancements in the metal packaging industry are expected to give a boost to the industry. Furthermore, metal packaging and is anticipated to grow at a remarkable pace during the forecast period. The growth is influenced by factors such as rising consumer’s preference for metal packaged products and growing metal recycling. Additionally, the rising need for small and more convenient packages, exceptional presentation and strong visual impact are some of the factors that would contribute to the growth of the packaging industry in the region. Fast-paced lifestyle and dependency on pre-cooked food & beverages are the major drivers of Brazil metal packaging market. Within food packaging, the share of smaller packaging increased over the last couple of years of the review period, in line with the trend towards portion control and healthy eating. Within the beauty and personal care, consumers increasingly prefer smaller packaging that is more convenient while travelling and complies with airline security requirements. However, the political and economic instability that many countries face at present hinders the growth. Furthermore, the recent outbreak of COVID - 19 made the industry suffer a hit as non-food and premium good packaging witnessed a downfall considering consumers started to cut on their spending.

Based on verticals, the market has been segmented into food & beverages, healthcare, personal care, chemical, and others. The segmentation of product can be done into cans & drums and barrels, caps and closures. The food & beverages segment held the largest market share of the global metal packaging market due to various properties of the metal. It extends the shelf life of food & beverage products and delivers protection against light, oxygen, and bacteria. In recent time the pharmaceuticals are witnessing a rise considering the current situation of the pandemic. The ongoing efforts of the government to ban plastic completely due to environmental concerns forecasts increasing demand for metal packaging.

The Latin America Metal Packaging report thoroughly covers the market by product type, end user, material and by countries such as Mexico, Brazil, Argentina, Chile and the rest of Latin America. Latin America Packaging outlook report provides an unbiased and detailed analysis of the on-going Latin America Metal market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Latin America Metal Packaging Market Outlook
• Latin America Metal Packaging Market Overview
• Latin America Metal Packaging Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America Metal Packaging Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Material
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Mexico Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Latin America Metal Packaging Market
• Market Drivers and Restraints
• Latin America Metal Packaging Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Metal Packaging Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Product Type:
• Cans
• Caps & Closures
• Drums & Barrels
• Others
• By End User:
• Food
• Beverage
• Healthcare
• Personal Care
• Others
• By Material:
• Steel
• Aluminum
• Others
• By Countries:
• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America