The SAM flexible packaging market is expected to grow from US$ 10,474.62 million in 2021 to US$ 13,259.10 million by 2028. It is estimated to grow at a CAGR of 3.4% from 2021 to 2028.
Flexible packaging is made of flexible or easily yielding materials that, when filled or closed, can be readily changed in shape. They are highly used in industrial applications and building materials to protect, market, and distribute a vast array of products. Hence, the growing building material sector in various economies across the region will offer more opportunities for the growth of the flexible packaging market. Furniture and household items play a vital role in creating a human-centric space. Special protection in logistics operations and storage needs to be maintained for flexible protective packaging for furniture and household items. Bulky, glass, ceramic, and angular products require intelligent packaging solutions that protect products' quality in the event of vibrations and powerful collisions. The evolving landscape of residential, commercial, and industrial buildings, and hospitality, is dominated by consumer lifestyle changes. The flexible packaging solutions, such as heavy-duty corrugated boxes, water-activated tapes, bubble wrap and foams, poly furniture covers, and stretch wraps, provide protection and help maintain quality. Hence, the increasing demand for furniture products also creates massive demand for flexible packaging solutions, thereby driving the market.
Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the SAM flexible packaging market at a good CAGR during the forecast period.
SAM Flexible Packaging Market Revenue and Forecast to 2028 (US$ Million)
SAM Flexible Packaging Market Segmentation
The SAM flexible packaging market is segmented based on material, product type, application, and country. Based on material, the market is segmented into plastics, paper, aluminum foils, and others. The plastic segment dominated the market in 2021.
Based on product type, the market is segmented into pouches, bags, films and wraps, and others. The bags segment dominated the market in 2021.
Based on application, the market is segmented into food and beverages, medical and pharmaceutical, personal care and cosmetic, industrial, and others. The food and beverages segment dominated the market in 2021.
Based on country, the regional market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil dominated the market in 2021.
Amcor plc, Berry Global Inc., Flexpak services, Huhtamaki, Mondi, Sealed Air, Sonoco Products Company, and Transcontinental Inc. are the leading companies in the SAM flexible packaging market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 10,474.62 Million |
| Market Size by 2028 | US$ 13,259.10 Million |
| CAGR (2021 - 2028) | 3.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Flexible Packaging Market is valued at US$ 10,474.62 Million in 2021, it is projected to reach US$ 13,259.10 Million by 2028.
As per our report South America Flexible Packaging Market, the market size is valued at US$ 10,474.62 Million in 2021, projecting it to reach US$ 13,259.10 Million by 2028. This translates to a CAGR of approximately 3.4% during the forecast period.
The South America Flexible Packaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Flexible Packaging Market report:
The South America Flexible Packaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Flexible Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Flexible Packaging Market value chain can benefit from the information contained in a comprehensive market report.
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