Bookmark 11-23-2011

PCI Films: New Report on Central and South American Flexible Packaging Market

Breakdown of the flexible packaging market across Central and South American countries (source: PCI Films)

PCI Films Consulting’s latest Regional report takes a close look at the dynamic Central and South American flexible packaging market, identifying the engines for growth and the political and social pressures that affect the flexible packaging ecosystem throughout the Region. The Report also provides a detailed overview of every major country, with business, political, social and end-use categories considered alongside the key players in the converted flexible packaging arena.

Since 2005, the Central and South American flexible packaging market has grown by an average of 5.3% per annum to USD 4,300 million, driven by growing economies and a burgeoning middle class, driving improvements in supply chain infrastructure and food processing. Brazil alone accounts for around 48% of regional flexible packaging demand.

Most of the flexible packaging demand is satisfied by internal producers, with only 1% imported and 2% exported outside the Region though some raw materials, notably PET film, still come infrom China and India. There is substantial BOPP and PE film production, though only one Regional PET film producer. As the flexible packaging market has continued to develop, demand for higher barrier, higher specification packaging has increased and local converters have made investments to substitute the volumes previously imported.

PCI Film Consulting predicts continuing growth in flexible packaging output by regional converters at an average of 4.6% per annum, to reach USD 5,347 million by 2015.