Brazil accounted for the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. Nevertheless, the region is experiencing lower export revenues, both from the drop in commodity prices and reduction in export volumes, primarily due to lowered export performance in China, Europe, and the US. In addition, containment measures in several South American countries have reduced economic activity in the food and beverage industry; however, the industry is likely to rebound once the country manages to control the number of Covid cases. South and Central America is experiencing a growing trend of ghost kitchens or dark kitchens which are the restaurants that only offer food for takeaway or delivery. The growth in ghost kitchens has helped in the stability and recovery of the QSR sector in food and beverages industry. The food and beverages industry in Brazil suffered the most post the outbreak of pandemic, however surveys suggest that the number of households ordering food has increased amid COVID-19 pandemic, therefore positively benefitting the food contact paper market in the country. Moreover, as per Association of Exporters and the Digital Commerce Camara of Guatemala, the expansion of small businesses on digital platforms has tripled in Panama, Costa Rica and Guatemala. Therefore, the high growth of takeaway and online food ordering has resulted in steady recovery in South and Central America.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the food contact paper market. The South & Central America food contact paper market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4.4 Billion |
| Market Size by 2028 | US$ 5.6 Billion |
| CAGR (2021 - 2028) | 3.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South and Central America Food Contact Paper Market is valued at US$ 4.4 Billion in 2021, it is projected to reach US$ 5.6 Billion by 2028.
As per our report South and Central America Food Contact Paper Market, the market size is valued at US$ 4.4 Billion in 2021, projecting it to reach US$ 5.6 Billion by 2028. This translates to a CAGR of approximately 3.7% during the forecast period.
The South and Central America Food Contact Paper 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 and Central America Food Contact Paper Market report:
The South and Central America Food Contact Paper Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Food Contact Paper Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Food Contact Paper Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South and Central America Food Contact Paper Market
