The rapid growth of the flexible packaging market in Central and South America has great potential

In 2015, the flexible packaging market value of Central and South America will reach US$5.3 billion, and the average annual growth rate is expected to be 4.6%. This report also explains the main reasons for the growth of the market value: the expansion of the supermarket retail industry, the continuous increase in the number of people, the love of working women, and young consumers' love for flexible packaging products have all contributed to the value of the flexible packaging market. increase. Since 2005, due to the sustained growth of the local economy, the infrastructure and food processing industries in Central and South America have developed rapidly.

It is reported that the value of the flexible packaging market in Central and South America currently reaches US$4.3 billion, with an annual growth rate of approximately 5.3%. In the middle of this, demand for flexible packaging in Brazil increased by 48%, and Colombia and Argentina increased by 67% in total.

At present, the Brazilian food industry has already met the "modern" international standards, with 40% of food delivered to households of about 200 million people through various channels. It is estimated that such demand will increase significantly during major international events such as the 2014 World Cup and the 2016 Summer Olympic Games.

It is reported that the demand for flexible packaging in Brazil relies mainly on domestic production companies, only 1% rely on imports, and 2% export to other countries in Central and South America. Among them, PET soft film still imports equipment maintenance and maintenance from China and India, and there are a large number of BOPP and PE film manufacturers in the local area, but PET film is only produced in one area.

The relevant person in charge of PCI Films stated that currently local companies in Central and South America mainly serve the local flexible packaging market, and some diversified businesses still hope to expand their business through local markets, including alliances or acquisition of other local companies.