South America Packaging Machinery Market Outlook, 2027

South America Packaging Machinery Market Outlook, 2027

Packaging is considered to be a coordinated system of preparing products or goods for transport, warehousing, sale, and logistics. In many countries, packaging is fully integrated into government, business, industrial, and personal use. Basically, it is the process of providing a secure and informative cover for the product. In the South America region, local and export markets have a high demand for packaging. This growing demand for packaging is being met with essential packaging machinery that helps speed up the packaging process. In South America, governments and consumers are majorly concentrated on the environment and are growingly interested in lighter, recyclable, and reusable packaging. Demands for food and beverage products are rising rapidly across the region, and with a higher consumer focus of consumers on shelf-life and hygiene, demands for packaging are also increasing. On the other hand, South American brands are using packaging designs and labels to highlight their values and better connect with consumers. Various packaging machinery types are essential components for this growth. Also, new packaging technologies such as MAP (modified atmosphere packaging) are growing to meet consumer demands for technological advancements.

According to the research report, ""South America Packaging Machinery Market Outlook, 2027,"" published by Bonafide Research, the packaging machinery market is projected to grow at a 4.01% CAGR for 2022–2027. The rising demand for packaged food and beverages across South America, coupled with the growing pharmaceutical and personal care industries, is anticipated to drive the demand for packaging machinery over the forecast period. Moreover, the consumer-driven demand for a wide range of packaging for diverse products with different sizes and shapes across the region is expected to fuel the market's growth by 2027. The South American packaging machinery market is segmented into three countries, including Brazil, Argentina, and Columbia. Among these countries, Brazil is anticipated to lead the pack by holding a larger portion of the market share. In Brazil, the packaging sector provides opportunities for the application of enhanced technologies as well as new types of materials that can improve the product’s lifespan. High growth rates across Brazil are estimated due to rising personal incomes, resulting in higher demand for a broad range of products, which, in turn, creates growth for the producers of such packaged products. The Brazilian packaging market is the fifth largest in the world, with the seventh largest economy in the world by nominal GDP.

According to the report, the South American packaging machinery market is segmented into five end-user types, including beverage, food, chemicals, personal care, and pharmaceuticals, etc. Among these types, the food segment is projected to acquire the highest market share during the forecast period. As a major importer of pre-packed food and food products, Brazil represents an important market opportunity for global food producers, distributers, and retailers. As Brazil is a major contributor to the South American market, this factor is anticipated to fuel the overall market growth for the packaging machinery market. Further, the South American market is segmented into seven machine types, including filling machines, labelling machines, form-fill-seal machines, cartooning machines, palletizing machines, wrapping machines, and bottling line machines. Among these machine types, the form-fill-seal machine segment is projected to acquire the highest market share by occupying more than 35% of the total market during the forecast period. On the other hand, the bottling line machine segment is estimated to be the fastest growing segment in South America's packaging machine market.

COVID-19 Impact:
The South American packaging machinery industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. The outbreak continues to cause unprecedented disruption across industries worldwide. Many manufacturer plants remained closed due to strict government regulations imposed as a result of the spreading infection, and development processes came to a halt. However, by the end of 2020, major market players regained their momentum across the market. Also, changes in consumer preference and technological advancements across the region have positively impacted the demand for e-commerce, which in turn is expected to propel the market growth for packaging machinery.

Major Companies present in the market:
KHS Group, Tetra Laval International S.A., Krones AG, Coesia S.P.A., Syntegon Technology GmbH, Herma GmbH, GEA Group Aktiengesellschaft, SIG Combibloc Group Limited, CKD Corporation, Fuji Machinery Co., Limited, The Adelphi Group of Companies, ProMach, Inc., Marchesini Group S.p.A., Viking Masek Global Packaging Technologies, Sacmi Group, Bradman Lake Limited, Omori Machinery Co. Limited, I.M.A. Industria Macchine Automatiche S.P.A, Premier Tech Chronos Limited

Considered in this report
• Geography: South America
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• South America packaging machinery market with its value and forecast along with its segments
• Country-wise packaging machinery market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• Brazil
• Argentina
• Columbia

Types of machine in the report:
• Filling Machine
• Labeling Machine
• Form-Fill-Seal Machine
• Cartoning Machine
• Palletizing Machine
• Wrapping Machine
• Bottling Line Machine
• Others

By End-Use in the report:
• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to packaging machinery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.