Latin America Alcoholic Drinks Packaging Market Poised for Robust Growth, forecasted to Expand at 4.66% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Latin America Alcoholic Drinks Packaging Market size was valued at around USD 19.66 billion in 2023 & is estimated to grow at a CAGR of around 4.66% during the forecast period, i.e., 2024-30.

Report Coverage

This report offers a comprehensive analysis of the Latin America Alcoholic Drinks Packaging Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Latin America Alcoholic Drinks Packaging Market Overview

The major factors responsible for this market growth included the expansion of research laboratories across China and increasing R&D investments in the country. In recent years, the country has been largely facing geopolitical tensions, which have been impacting its economic growth. Hence, observing these impacts on economic growth, the government of China has initiated aligning its spending toward research & development, to become a technological powerhouse across the globe.

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Latin America Alcoholic Drinks Packaging Market Segmentation Outlook

The Latin America Alcoholic Drinks Packaging is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Drink Type

• Beer
• Wine
• Rum
• Tequila
• Spirits
• Others

By Packaging type

• Glass Bottles
• Plastic Bottles
• Metal Cans
• Tetra Packs
• Others

By Country

• Brazil
• Argentina
• Colombia
• Mexico
• Peru
• Chile
• Ecuador
• Rest of Latin America

Latin America Alcoholic Drinks Packaging Market Driver

Increasing Consumption of Alcoholic Drinks Driving Market Growth – New variants of alcohol are launched to fulfill the taste preferences of the increasing number of individuals consuming alcohol. Statistics show that the consumer base of alcohol is expanding year by year, which further increases the demand for alcoholic products and helps in the growth of the alcohol packaging industry in the region. The increasing disposable income of the consumers in the emerging nations of this region results in increased consumption for the existing consumers. In addition to this, the increased consumers are governed by the wider demographics of consumers, as these days a large size of young population is also rapidly attracted to the alcoholic products in most of the countries of this region, owing to the high popularity, improved quality, and enhanced tastes.

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Top Latin America Alcoholic Drinks Packaging Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Cristalerias de Chile, Owens-Illinois Inc., Crown Holdings Inc., Amcor plc, Ball Corporation, United Bottles & Packaging, Envases Venezolanos, Ambev., and Others as key players shaping the market landscape.

Latin America Alcoholic Drinks Packaging Market News

• 2024: Owens-Illinois Inc O-I Mexico and SILICE have inaugurated the first glass recycling hub in Chihuahua, Mexico which is set to increase glass recycling in the region.
• 2023: For customers in Latin America looking for a high-barrier, recyclable paper-based packaging solution, Amcor, a world leader in the development and production of responsible packaging solutions, introduced its AmFiberTM Performance Paper packaging.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

Need tailored data? We offer customized forecasts by region, product segmentation, and competitive intelligence upon request — now with an exclusive special pricing offer – Customized Link

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