London, 10 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the packaging market in Brazil 2015-2019, which is expected to grow at a CAGR of 1.42% during the forecast period of 2015-2019.
Vendors in the market are focusing on the production of packaging material for non-durable consumer goods. Also, the measures taken by the government in order to strengthen the domestic economy and the sport event in 2016 are expected to give the packaging industry a boost and lead to a resumption of growth from 2016.
“There is a huge demand for packaging in Central and South America and in order to capitalize on this, international vendors are setting up their operations in Latin America,” says Faisal Ghaus, Vice President of Technavio.
“Brazil holds a significant place in the Latin American marketplace, and vendors are increasing their operations either organically by expanding already existing production plants or inorganically by acquiring small vendor operations in the region.”
Key Market Drivers
- Exports to Other Latin American Countries
- Demand for Packaged Foods
- Growth in FMCG and Organized Retail Sectors
Key Market Trends
- Expansion by International Vendors in Packaging Industry
- Growth Opportunity in Flexible Packaging Business
- Market Consolidation
- Demand for Aesthetic Appeal
- Technological Innovation
Key Market Vendors
- Amcor Ltd.
- Bemis Co. Inc.
- SIG Combibloc
- Sonoco Products Co.
- Tetra Pak International SA
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
