Asia Pacific Food Packaging Market Size
Asia Pacific Food Packaging Market size was valued at over USD 125 billion in 2018 and is estimated to exhibit over 4.5% CAGR from 2019 to 2025.
People in our neighborhood love to buy for groceries online. Why? These services not only provide a big range of food, but they also make sure that your groceries get to your home on time and in perfect shape. As more and more people purchase for food online, the necessity for food packaging is expanding. That's because effective packaging keeps food fresh and makes it last longer. It also helps firms keep track of their stock and arrange for future delivery of things that go bad. Packaging is also very important for distributors. It keeps food fresh longer and makes it easier to move. Companies that package food for sale in stores employ materials such cardboard, glass, plastic, wood, and aluminum. These companies are part of the food packaging sector.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Asia Pacific Food Packaging Market Size in 2018 | 125.6 Billion (USD) |
| Forecast Period | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR | 4.5% |
| 2025 Value Projection | 170.4 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 449 |
| Tables, Charts & Figures | 548 |
| Segments covered | Source, Material, Product, Layer, Visibility, Sterilization, Technology |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Food packing includes putting flavorful snacks, candies and chocolate, bread and cakes, cereals and oatmeal, meat and seafood, fruits and vegetables, cheeses, and sauces like ketchup into packages. Ready-to-eat meals are also included in this category. So, food packing has made more people want food by making them spend more money online. Over the past few years, the social and economic tendencies for eating processed and packaged foods have grown quite quickly. Over the years, people have eaten more and more packed breakfast cereals and other meals. This has led to a huge growth in the packaged food sector.
China, India, Japan, Australia, and South Korea are some of the biggest economies in Asia that have strong standards to keep packaged foods safe and healthy. These guidelines are mostly about making sure the food is safe to eat, of good quality, and properly packaged. Food safety laws, rules for things that touch food, and laws for keeping food clean are some of the most common food rules in the area. These rules are there to keep people safe and healthy by ensuring sure the food they eat is safe. But these rigorous standards can also slow down the expansion of the food packaging business in the short run. For instance, India's Food Safety and Standards Authority (FSSAI) announced new rules for food packaging in January 2019. These rules pay specific attention to the materials used to package food to make sure they are safe and fit for their intended usage.
Asia Pacific Food Packaging Market Analysis
You can use new materials or recycled ones to make food packaging goods. Virgin food packaging items are created from raw materials like plastic, metal, glass, paper, or wood. They've never been utilized before. On the other hand, recycled packaging items are created from materials that have already been used and then processed again. To be used for food packing, they have to meet particular standards. More than 70% of food packaging is created from new materials right now. And it should becoming even more popular in the following few years. That's because all kinds of food packaging starts with virgin materials. Also, they're very strong, which makes them great for wrapping food.
The Asia Pacific food packaging market is divided into glass, metal, plastic, paper and paperboard, and wood depending on the type of material used. Plastic makes up more than 50% of the market share in 2018, making it the biggest revenue sector. This is because more and more people want it for food packaging. Also, it's good for packing food because it's strong, flexible, and can withstand outside forces. Also, plastic is quite versatile, which makes it easier to recycle and use again and again as needed.
The Asia-Pacific food packaging market is divided into retort packaging, aseptic packaging, active packaging, and other types based on technology. Retort packaging is the fastest-growing type of packaging, and it made up more than $8 billion of total sales in 2018. Because it is cheap to make with laminates of flexible plastic and metal foils. Also, its modest weight will make it easy to move and store, which will increase demand by 2025.
China to dominate regional consumption
China is the food-packing powerhouse of the region, gobbling up almost half of the market share. This is because it's home to many big-time manufacturers. On top of that, people in the region are starting to live better and spend more on packaged foods. This is making the demand for these foods soar. Other countries like India, Japan, and South Korea are also seeing a boom in the food-packing market. Why? Because more and more people are choosing these foods. They're quick and easy to make, and they offer the nutrients people need. And as these countries keep getting richer, people will keep spending more on packaged foods. So, the future looks bright for the food-packing industry in this region.
Asia Pacific Food Packaging Market Share
The Asia Pacific food packaging market share is competitive in nature due to the presence of a few medium & large industry players operating in the comprehensive market. Several multinational corporations hold a significant share in the market. However, the majority of the market share is highly fragmented among the regional & small-scale manufacturers. For instance, in October 2018, Mondi PLC. introduced an innovative sustainable solution along with the next generation Bag-in-Box technical films for fruit juice, wine, or dairy products.
- Mondi PLC
- Amcor PLC
- Berry Global Group, Inc.
- Crown Holding Inc
- Ball Corporation
- Sealed Air Corporation
- Constantia Flexibles
- Plastipak Packaging Inc
- Sonoco Products Company
are some of the major revenue contributors in the overall market.
Industry Segmentation
Asia Pacific Food Packaging Market, By Source
- Virgin
- Metal
- Plastic
- Others
- Recycled
- Metal
- Plastic
- Others
APAC Food Packaging Market, By Material
- Glass
- Metal
- Plastic
- Polypropylene
- Synthetic
- Bio-based
- Polyethylene Terephthalate (PET)
- Synthetic
- Bio-based
- Polystyrene (PS)
- Synthetic
- Bio-based
- Polyamide 6 (PA6)
- Synthetic
- Bio-based
- Polyamide 6 Copolymer (PA6 Copolymer)
- Synthetic
- Bio-based
- Ethylene Vinyl Acetate (EVA)
- Synthetic
- Bio-based
- Ethylene Vinyl Alcohol (EVOH)
- Synthetic
- Bio-based
- Others
- Polypropylene
- Paper & paperboard
- Wood
APAC Food Packaging Market, By Product
- Rigid packaging
- Oxygen barrier packaging
- Moisture barrier packaging
- Other barrier packaging
- Non-barrier packaging
- Flexible packaging
- Oxygen barrier packaging
- Moisture barrier packaging
- Other barrier packaging
- Non-barrier packaging
Asia Pacific Food Packaging Market Forecast By Layer
- Single layer
- Multi-layer
APAC Food Packaging Market Analysis By Visibility
- Transparent
- Opaque/translucent
Market Analysis By Sterilization
- High temperature treatment
- Low temperature treatment
- Vacuum treatment
- Others
Market Trends By Technology
- Retort packaging
- Aseptic packaging
- Active packaging
- Others
The above information is provided on a country basis for the following
- Asia Pacific
- China
- Japan
- India
- Australia
- Indonesia
- Malaysia
- South Korea
- Thailand
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