Plastics Factory in Colombia
The plastic factory in Colombia industry is mature; it represents USD 840 million in annual sales. As it grows, it boosts other segments such as cosmetics, personal care products, and processed foods.
The Latin American market is the second largest for personal care products and cosmetics packaging and the third-largest for household cleaning product packaging.
The plastic factory in Colombia is one of Colombia’s most competitive sectors, with a regulatory framework developed to facilitate a circular economy, ample supply of raw materials, and a wide variety of local stakeholders to form partnerships.
Since, 2019 the Colombian packaging and the container market has grown by 2.9 billion units, reaching a compound annual growth rate of 2.4%.
Base industries in Colombia supply raw materials for the container and packaging sector, including petrochemicals and cellulose for paper production and glass manufacturing. The domestic availability of these materials translates into savings in import costs.
In 2019, the sector exported USD 259 million. The top destination markets were the United States, Ecuador, Peru, Mexico, Germany, and Brazil, representing a growth of over 9.2% during the last three years.
Major global food producers such as Danone, Nestlé, Pepsico, SABMiller, and Kraft Foods demand large volumes of containers and packaging with the highest quality standards. In 2019, Colombia exported more than USD 1,000 in processed foods, which require primary and secondary packaging for production.
To sum up, the plastic industry in Colombia is well established due to the raw material that is part of our industry as well as the factories that are willing to exploit these resources and transform them into plastic packaging or a lunch box, serving trays, and different products that are part of the daily life of millions worldwide.