Retail sector growth to drive Argentine packaging industry
The industryâ€™s compound annual growth rate (CAGR) is expected to reach approximately $5 billion in 2015.
In 2009, organized retail stores, such as hypermarkets, supermarkets and warehouse stores, accounted for approximately 30 percent of the countryâ€™s food and drinks market. More than two-thirds of the total imported food and drink products in the country are sold through large retail outlets.
Investment in technology, combined with the growth strategy adopted by large retail companies, will further stimulate the packaging machinery market in the country.
On the contrary, the implementation of waste recycling law in Argentina may have a negative impact on the growth of the countryâ€™s packaging industry.
Despite competition from Italian, Canadian and Russian packaging markets, Argentina has maintained its top global market position as the 13th largest packaging industry in the world.
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