DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r3vhwj/packaging_market) has announced the addition of the "Packaging Market in Brazil 2015-2019" report to their offering.
The packaging market in Brazil to grow at a CAGR of 1.42% during 2014-2019.
The report includes the present scenario and the growth prospects of the packaging market in Brazil for 2015-2019. The market can be categorized into five segments: Paperboard, rigid plastic, metal, flexible, and glass. The market can also be segmented, based on application, into food, beverage, industrial, healthcare, and others, which include personal and home care packaging segments. The report also includes the key vendors operating in the market.
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. 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.
For instance, in June 2015, RPC Group announced the setting up of a production plant in Brazil, part of its 'Vision 2020' strategy, in order to move into new and growing markets. Another company, SIG Combibloc, announced the expansion of its production capacity in its Campo largo plant located in Paraná state, southern Brazil.
According to the report, the market is expected to recover because of an increase in exports from Brazil to other Latin American nations. Though the demand for packaging is recovering in Brazil, the market is expected to witness growth in other neighboring nations. The declining trends are expected to last till first quarter 2015, after which economic activity in Latin America is expected to show moderate growth, followed by expansion growth rate in 2016.
It has been slowing down for several years because of economic contraction in Argentina, Brazil, and Venezuela. Because of improvement in the economic frameworks, policy actions, and exchange rate stability it is expected that productivity will improve and show potential growth over the medium term. The sales of flexible packaging are expected to contribute to the recovery of the market.
Further, the report states that economic instability is one of the challenges hindering the growth of the packaging market in Brazil.
- Bemis Company
- SIG Combibloc
- Sonoco Products Company
- Tetra Pak International
Other Prominent Vendors
- Ardagh Group
- Berry Plastics
- DS Smith
- Gerresheimer Group
- Graphic Packaging Holding
- Mondi Group
- Reynolds Group Holding
- Sealed Air
- Smurfit Kappa Group
For more information visit http://www.researchandmarkets.com/research/r3vhwj/packaging_market