In 2017 Brazil Packaging Material market was valued at US$ 9,030 Mn and by the end of the assessment year, it is estimated to attain the value of US$ 13,300 Mn, expanding at a CAGR of 4.9% throughout the forecasted period, i.e. between 2017 and 2025.
Brazil Packaging Material Market: Driver and Restraint
Although the usage of plastic creates an adverse impact on the environment, the demand for plastic packaging material is increasing since last few years. In Brazil, various industries such as healthcare, manufacturing, and retail are using plastic packaging solutions which are boosting the growth of the Brazil packaging material market. In the healthcare industry, plastic packaging has shown remarkable growth because of its durability, high barrier properties, and long shelf-life, this particular factor is responsible for the growth of Brazil packaging material market. Packaging Material is also used for a broad range of few other industries such as beverages, meat, dairy, and oil & grease.
However, the market is expected to face challenges due to stringent government regulations, while consumers are expected to push the manufacturers to look for other plastic packaging solutions that are biodegradable or derived from sustainable sources, which will adversely affect on the growth of the Brazil packaging material market.
Brazil Packaging Material Market: Key Takeaways
• Packaging Material manufacturers are willing to lower their manufacturing cost; on the other hand, they are also trying to provide more qualified products to customers
• Brazil is the fifth largest market for packaging across the globe. Brazil has promising market potential in the packaging industry in the years to come.
Brazil Packaging Material Market: Forecast by Form
This segment includes Plastic Type, Metal Type, Glass Type, and Paper Type. In terms of volume, Plastic Type segment is expected to remain dominant in the Brazil Packaging Material market.
Brazil Packaging Material Market: Key Players
The market of packaging material in Brazil is relatively fragmented. In 2017, the top 10 companies in Brazil which are multinational companies have accounted for less than 40% sales of packaging material. Tetra Pak, Klabin, WestRock, Trombini, Crown, Ball, ValGroup, Videplast, CSN, Owens-Illinois, Verallia, SIG Combibloc, and Bemis. are some of the key vendors operating in the Brazil packaging material market are included in this report.
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