Market Overview

The Latin America paper packaging market size reached USD 27.0 Billion in 2025. It is projected to grow to USD 33.3 Billion by 2034, exhibiting a CAGR of 2.38% during 2026-2034. This growth is driven by rising sustainability demands, expanding e-commerce, and government regulations to reduce plastic waste. Key players focus on recyclable and biodegradable packaging, with Brazil and Mexico leading production through innovation and circular economy practices.

Study Assumption Years

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Latin America Paper Packaging Market Key Takeaways

• The market size was USD 27.0 Billion in 2025.
• CAGR of 2.38% is expected during 2026-2034.
• Forecast period spans from 2026 to 2034.
• Demand for eco-friendly paper packaging is growing rapidly due to environmental awareness and regulations.
• E-commerce growth in Latin America increases demand for strong, recyclable, and customizable paper packaging.
• Innovation in paper packaging materials, such as liquid paperboard and coated paperboard, benefits food and beverage packaging.
• Brazil and Mexico are key production hubs, focusing on innovation, lightweight materials, and circular economy.

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Market Growth Factors

As environmental awareness increases, Latin America's markets are becoming more accustomed to sustainable eco-friendly paper packaging. Public and private institutions have abandoned conventional packaging paper in favor of eco-friendly products with recyclable, biodegradable and, renewably sourced materials. A paper-based barrier that reduces the carbon footprint of aseptic cartons by a third and has up to 90% renewable content won Tetra Pak's 'Resource Efficiency' Award in December 2024. Governments create stricter laws regarding plastic waste to encourage the use of recyclable and biodegradable paper packaging instead.

E-commerce shows Latin America as a fast growing area of the world. That situation demands high-performing, customized packaging within. Corrugated boxes and folding cartons see wide use in the region because manufacturers make them from paper. Paper is a plentiful resource. Paper is a strong resource. Paper is a sustainable resource that someone can customize. Online e-commerce retailers are also focusing on sustainable paper-based products for re-packaging as consumers are inclined toward sustainable products. Growing e-commerce and demand for sustainable paper packaging products are expected to drive the paper packaging market during the forecast period.

The number of new products that use paper-based packaging is increasing, especially in F&B packaging. Liquid paperboard and coated paperboard offer lower cost packaging with high product protection and quality. Materials blocking moisture, light, and oxygen that avoid plastic better protect products and keep products fresh. These materials reflect consumer expectations regarding sustainable paper packaging in food and beverage. These innovations will continue to address market needs with improved product protection and sustainability, which will fuel growth of the paper coating market.

Market Segmentation

• Product Type: The market segments include corrugated boxes, folding boxes and cases, liquid paperboard cartons, paper bags and sacks, and others. These types are analyzed to address diverse packaging needs across industries.
• Grade: Market segments include solid bleached, coated recycled, uncoated recycled, and others, representing varying qualities and treatment levels of paper packaging materials.
• Packaging Level: The report covers primary packaging, secondary packaging, and tertiary packaging, detailing different stages of product containment and protection.
• End-Use Industry: The market is segmented by end-use industries such as food, beverage, personal care and home care, healthcare, and others, reflecting the broad application base for paper packaging.
• Country: The analysis includes Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others, highlighting major regional markets and their unique market characteristics.

Regional Insights

Brazil and Mexico dominate the Latin America paper packaging market, with these countries benefiting from strategic advantages in pulp production and proximity to consumers. Brazil and Mexico play critical roles in the containerboard and packaging markets, supported by increasing investments in innovation, lightweight materials, and circular economy initiatives aimed at improving environmental and economic efficiency.

Recent Developments & News

In October 2023, the Smurfit Kappa-WestRock merger was completed, creating Latin America's largest packaging producer with a 14.5% regional capacity share, surpassing Klabin. This merger leveraged strategic advantages in Brazil and Mexico, significantly influencing containerboard and packaging markets in these countries. In July 2023, Amcor launched its AmFiber™ Performance Paper packaging in Latin America, a recyclable, high-barrier paper-based solution initially designed for confectionery and expanded to dry culinary and beverage uses, featuring over 80% paper fiber content.

Key Players

• Smurfit Kappa
• WestRock
• Klabin
• Tetra Pak
• Amcor

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