Argentina Paper & Paperboard Packaging Market Outlook

The demand for paper and paperboard packaging in argentina has seen steady growth over the past decade, driven primarily by a rise in manufacturing and consumer activity within the country. in 2018, the market was estimated to be worth us$4.5 billion, representing a compound annual growth rate (cagr) of 4.7% from 2013-2018. this demand is expected to continue to grow over the next decade, with the market currently forecasted to reach us$7.1 billion in 2032, signifying a 5.7% cagr from 2018-2032. several forces have enabled this growth in the argentinian paper and paperboard packaging market, beginning with a rise in demand from the country's food and beverage industry. a continually-growing population, coupled with an increasing urbanization rate and rising consumer purchasing power, has led to a surge in demand for packaged food and beverage products. additionally, a rise in internet usage and rapidly growing e-commerce platforms in the region has also increased the need for single- and multilayer packaging for items that need to be packed and shipped in a secure manner. moreover, upgraded production processes, along with a rise in investment in infrastructure and manufacturing plants for corrugated boxes and lightweight packaging material, are enabling an increase in efficiency and cost competitiveness for companies in the paper and paperboard packaging industry in argentina. the market also stands to benefit from argentina's large domestic market, with rising consumption levels providing manufacturers with significant opportunities for growth. companies have looked to introduce new products and packaging design innovations to differentiate themselves from competitors, while simultaneously targeting the health mindset being adopted by consumers with new bio-based packaging materials. argentina's existing export network, coupled with the fact that it is a member of several free trade agreements, including mercosur, has enabled the country to benefit from strong export opportunities. however, this has also meant that domestic players often have to compete with imported products, putting downward pressure on prices. all in all, the demand for paper and paperboard packaging in argentina is expected to remain strong in the coming years. with growing regulations governing the industry’s environmental impact, manufacturers should look to invest in new production processes and technologies that will allow them to reduce their carbon footprint and gain competitive advantages.