Market Overview

The Latin America sustainable packaging market reached a size of USD 16.2 Billion in 2024, with a forecast to grow to USD 34.4 Billion by 2033. The market is expected to expand at a CAGR of 8.08% during the forecast period 2025-2033. Growth is driven by increasing consumer awareness about environmental sustainability, stringent government regulations on plastic waste, rising demand for recyclable and biodegradable packaging, and expanding retail and e-commerce sectors.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Latin America Sustainable Packaging Market Key Takeaways

• The market size stood at USD 16.2 Billion in 2024 and is projected to reach USD 34.4 Billion by 2033.
• The market is set to grow at a CAGR of 8.08% between 2025 and 2033.
• Increasing consumer demand for eco-friendly product packaging is a significant growth driver.
• Government regulations on single-use plastics in countries like Brazil, Chile, Colombia, and Mexico are pushing manufacturers to adopt sustainable packaging.
• Growing retail and e-commerce sectors are expanding the reach and demand for sustainable packaging solutions in the region.
• Environmentally conscious consumers in urban areas prefer recyclable, biodegradable, and compostable packaging materials.

Sample Request Link: https://www.imarcgroup.com/latin-america-sustainable-packaging-market/requestsample

Market Growth Factors

The Latin America sustainable packaging market is expected to be driven by an increase in demand for sustainable packaging solutions with growing awareness about plastic pollution and waste accumulation and the environmental impact of the packaging used to market products in the region. For example, Brazil can avoid 18 million tons of CO2 emissions and save BRL 6 Billion in market values by reducing disposable plastics. Increasing urban consumer preference for recyclable, biodegradable and compostable products has led to the food and beverages, cosmetics and retail industries embracing sustainable packaging material and practices in order to adapt their product offerings.

Another factor affecting the market outlook is governments are strictly regulating the disposal of plastic. Each year, Brazil produces seven million tons of plastic. Forty-four percent of it is in single-use plastics. Straws, single-use cutlery, and plastic bags are examples in reality for instance. Brazil, Chile, Colombia, and Mexico have banned single-use plastic and plastic bags already. Companies are looking toward bio-based plastics for waste reduction, recycling, and promotion of biodegradable materials. Government campaigns in public and increased awareness regarding waste management further encourage businesses to develop sustainable packaging.

Retail and e-commerce industries grow. This growth drives market expansion because retail and e-commerce grow throughout Latin America to increase demand for packaging solutions. These solutions protect products and align with sustainability initiatives. Sustainable packaging allows brands to gain customer respect and to create brand loyalty. Sustainable packaging is an important part of e-commerce in shipping and the customer experience. This led to investing in and developing recyclable reusable and biodegradable dispenser formats.

Market Segmentation

• Material Insights: Plastics, Paper and Paperboard, Glass, Metal. Each material segment is analyzed based on its application and contribution to the market.
• Type Insights: Rigid, Flexible. The market segments packaging types into rigid and flexible categories.
• Packaging Format Insights: Primary Packaging, Secondary Packaging, Tertiary Packaging. The report assesses market trends and preferences across these packaging formats.
• Process Insights: Recyclable, Reusable, Biodegradable. This segmentation covers processes impacting packaging sustainability.
• Country Insights: Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others. The regional markets within Latin America are comprehensively analyzed.

Regional Insights

Brazil emerges as a dominant market within Latin America due to its large plastic product production and regulatory actions aimed at managing plastic waste. Approximately 44% of Brazil’s 7 million tons of plastic production are single-use items, making the regulatory environment critical for market growth. Brazil's efforts in reducing disposable plastics could avoid significant CO2 emissions and create substantial market value, positioning it as a focal point in the region’s sustainable packaging market expansion.

Recent Developments & News

• On August 29, 2024, Coca-Cola announced an investment of USD 35 Million in a new recycling factory named 'Re-Ciclar' in Chile. This advanced facility will recycle 350 million plastic bottles annually into 100% recycled PET resin.
• On June 6, 2024, Nefab, a Sweden-based sustainable packaging supplier, expanded its Latin American operations by establishing a new manufacturing plant in Chile with a USD 1 Million investment. The facility aims to serve the energy, mining, manufacturing, and telecommunications sectors and will create up to 80 new jobs.

Key Players

• Coca-Cola
• Nefab

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.