South America Rigid Plastic Packaging Market Outlook, 2027

South America has huge demand for rigid plastic packaging. This is due to increase in consumption by consumers in various sectors. Consumers are spending on food and beverages, Industrial, healthcare and cosmetics and others. Rigid plastic has witnessed an increase inclination from consumers over the products. These plastics are lightweight, and easier to handle. It is also innovative, cost-effective and sustainable packaging. Due to the availability of low-cost labor, recycled plastic from the region is considered to be among the cheapest in the world. Rigid plastics packaging is made of resins and it has different material like PE, PP, PS, PET, PVC and bioplastics and HDPE. PP also known as polypropylene is woven into sacks for bulk transport of both fresh and processed foods. It is strong, heat sealable and it withstand s puncturing and tearing. On the other hand, PET is in huge demand than other rigid material type. Rigid plastic packaging has uses in various purposes which bottle and jars, bulk products, trays, tubs cups and pots.

According to the Outlook, “South America Rigid Plastic Packaging Market Outlook, 2027” published by Bonafide Research, the rigid plastic packaging market is anticipated to grow at a 5.07% CAGR in terms of value during this forecasted period. Growing investment by major market players in the research and development of rigid plastic packaging has impacted the market growth. Rigid plastic have gained its market growth in every region Asia-pacific. Major of the companies are making these products for food and beverages. Food and beverages is in demand and consumers have become health conscious. They want packed food and beverages. Other sectors are healthcare and cosmetics, they have also huge demand. Market is expected to grow rapidly because there is continuous increase in consumption for everything by consumers. And these will lead to grow in market growth.

Some of the recent developments are in South America and companies involved are. Berry Global Inc. completed the acquisition of RPC Group PLC. RPC Group is among the leading global designer and engineer of plastic products in the packaging and non-packaging markets. This acquisition helped the growth of Berry’s Engineered Materials product portfolio, which is expected to strengthen the company’s product line. Amcor partnered with New Age to launch PET bottles for the Salzburg craft beer bottles in Brazil. The 600 ml bottles are designed with a glass-like, champagne-style base in combination with a lightweight and shatter-resistant PET.

COVID-19 Impact
The nearly one Million employees of the plastics industry are working tirelessly to provide the material that is needed at the frontline. From medical supplies to food packaging, plastics are essential in the effort to stop the spread of this virus. Plastics will only become more and more vital to help keep our families healthy, our food fresh and protected, and our healthcare workers safe. The demand for packaging products across categories is expected to decrease by 10–20% across categories owing to the impact of COVID-19. Supply tightness is expected to increase in 3–4 months with depletion of suppliers' inventory across the globe. Major suppliers are shifting their non-essential packaging capacities to essential packaging in order to cater to the increased demand in the food and healthcare sectors. Apart from these, standard packaging products are making a comeback to the market to ease the supply chain. The demand for essential services such as personal and healthcare products is witnessing a spike which can impact rigid packaging products, especially HDPE containers, pumps, and pharmaceutical bottles; however, the demand from the packaging of non-essential industries is declining gradually, with many countries under lockdown and restricted movement across countries.

Due to the Covid-19 outbreak, people are ordering daily staples and fresh food through online channels, which leads to an increase in the demand for rigid plastic packaging. Moreover, the demand for rigid plastic packaging in the pharmaceutical industry remains high as hospitals, drugs, and PPE manufacturers are responding to the crisis.

Major Companies present in the market:
Berry Global Group, Inc., ilgan Holdings Inc., Saudi Basic Industries Corporation, Alpla Werke Alwin Lehner GmbH & Co KG, Mauser Packaging Solutions Holding Company, Sonoco Products Company, Amcor plc, Gerresheimer AG, Plastipak Holdings, Inc., Klöckner Pentaplast, Regent Plast Private Limited

Considered in this report:
• Geography: South America
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecasted year: 2027

Aspects covered in this report:
• South America Rigid plastic Market with its value and forecast along with its segments
• Country wise rigid plastic market analysis
• Application wise rigid plastic market distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• Brazil
• Argentina

By application rigid plastic type in the report:
• Food and beverages
• Industrial
• Healthcare
• Cosmetics

Technical types of rigid plastic packaging in the report:
• PE
• PET
• PS
• PP
• PVC
• Bioplastics
• HDPE

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar panel coating industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

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