Opportunity in Jamaica for Packaging

The Chemical industry and food packaging industry for the Jamaican market need low-cost packaging for their products aimed at lower income sectors.

Friday, February 27, 2015

From a statement issued by the Costa Rica Foreign Trade Promotion Office (PROCOMER):

The competitive environment in the industrial sector in Jamaica is presenting opportunities for exporters of packaging products in Costa Rica. The high costs felt by manufacturers in the Caribbean country, along with the fact that food and beverage companies need to offer more affordable products for low-income consumers, has led to Jamaican companies being willing to evaluate the packaging options on offer in Costa Rica.

The packaging sector in Jamaica is not immune factors such as the high cost of labor and electricity, therefore the presence of imported products has increased. At the regional level, Jamaica is the largest importer of packaging products with a share of 30% in 2012, followed by Haiti, Trinidad and Tobago and Guyana, with 18%, 12% and 8%, respectively.

Read here the full report "Opportunities for packaging in Jamaica".

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Closure of Packaging Company: Pessimism and Opportunities

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After the Nicaraguan company Astro Packing Solution announced an indefinite closure of its operations, local companies predict that packaging will become more expensive in the coming weeks and will be forced to look for new suppliers in neighboring countries.

At the end of March, it was reported that Astro Packing Solution, a company engaged in the manufacture of packaging, notified its customers that it will close indefinitely due to the shortage of raw materials.

Food: Importance of Packaging in Germany

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When purchasing packaged foods, German consumers show a preference for small or personal sized packages and those which are transparent or colorful.

From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):

In the German market the issue of packaging is extremely important.

Biodegradable Packaging for Greasy Products

January 2015

A new type of biodegradable container has been developed for products containing liquid or solid fat which prolongs the shelf life of the food.

From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):

Biomat research group at the University of the Basque Country, has developed a new biodegradable packaging for fatty products, both liquid and solid, made from agro-industrial by-products, thereby contributing to sustainable consumption of raw materials and by-product recovery. The container is transparent and at the same time, an excellent barrier to ultraviolet light and gases such as oxygen. Multilayer laminates are usually used as a barrier to gases, however, the product developed by Biomat group is monolayer, thus greatly reducing its cost. Furthermore, it can be heat sealed and is printable.

Trends in the Flexible Packaging

November 2014

In Central and South America the use of this type of packaging grew by 50%, going from nearly 5 billion units in 2008 to 7 billion in 2013.

From a statement issued by the Costa Rican Foreign Trade Promotion Office (PROCOMER):

The market for flexible packaging (such as those used in sauces and mayonnaise) in Central and South America has experienced rapid growth over the past five years, increasing by 50% in volume, going from nearly five billion units in 2008 to 7 billion in 2013, according to a recent report by PCI Films Consulting. The largest categories of individual final consumption were mayonnaise and tomato sauce (not ketchup), each having 16% and 23% of the volumes, respectively.

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