According to the report Latin America Glass Bottles and Containers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026), the bottle and glass container sector in the region was valued at approx 5215.1 million dollars in 2020. A value that should even reach i 6731.97 million dollars by 2026, mainly thanks to the growth in demand from the beverage industry.
The thrust of the beverage sector
Il alcohol sector it is the main driver for the Latin American glass industry; at the same time, however, the consumption of non-alcoholic beverages, such as milk or juice, is growing considerably. In fact, it is expected that this product category will soon conquer an important slice of the bottle and glass container market in the region.
Between modernization and sustainability
The market is further driven by innovations in the lightweighting and Recycling. This results in a quantitatively higher production and lighter and thinner glass containers.
But it was mainly the development of the narrow neck press-blow process to favor a clear reduction in the weight of the bottles, a not insignificant detail to try to win the competition of products that are certainly less sustainable.
The advantages of the Latin American sector
The bottle and glass container sector in Latin America today attracts a growing number of foreign producers, affected not only by a growing market, but also by factors such as: the wealth of natural resources and the increase in consumer spending .
In fact, the region saw increases in the cosmetics, carbonated soft drinks and alcoholic beverages sectors (especially beer).
The rise of dairy products
Dairy products are also among the fastest growing markets in Latin America. The prosperity of the sector has helped to shift demand from glass to rigid plastics and metals.
But the use of reusable glass for value-added packaging remains fundamental. In fact, it ensures that the content does not mix with air or chemicals that could alter the flavor or healthiness.
The elegance of glass drives the cosmetic sector
Instead, focusing on the cosmetics packaging, it is evident how glass gives elegance to luxury products. The aesthetic pleasantness of the packaging is a not indifferent factor in a context in which there is an increase in disposable income and a growth in demand for high quality cosmetics.
The Latin American cosmetics sector is one of the most vibrant and thriving in the world. In the last decade alone, the sale of cosmetic products has increased from 8 to 10% and Brazil has established itself as the largest consumer of cosmetic products in the entire region.
Towards Glassman Latin America
The dynamism of the Latin American glass bottle and container sector will be celebrated on the occasion of Glassman Latin America, the fair that will take place in Monterrey, Mexico, fromTo 11 12 May 2022. The event represents a crucial meeting point for the hollow glass industry, called to discuss the latest issues affecting the sector throughout the region.
Sources: Glass Machinery Plants & Accessories 03/22, glassmanevents.com