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.
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Online food shopping has become super popular in our area. Why? Because these services not only offer a huge selection of eats, but they also make sure your groceries arrive at your doorstep on time in tip-top condition. With the boom in online food shopping, there's a growing need for food packaging. That's because good packaging not only keeps food fresh but also makes it last longer. Plus, it helps businesses track their inventory and plan for future deliveries of perishable items. For distributors, packaging is also key. It helps food stay fresh for longer and makes it easier to transport. The food packaging industry is made up of companies that use materials like cardboard, glass, plastic, wood, and aluminum to package food for sale in stores.
Asia Pacific Food Packaging Market Report Attributes
| 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 |
- Embracing e-commerce in the region
- Increasing demand for convenient foods
|
| Pitfalls & Challenges |
- Stringent food packaging regulations
- Trend towards sustainable packaging
|
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Food packing includes packaging of flavored snacks, confections such as candy & chocolate, bread & cakes, cereals & oatmeal, meat & seafood, fruits, vegetables, cheeses, and condiments; for instance, ketchup and this category also comprises ready-to-eat packaged meals. Thus, food packing has increased the demand for food through internet retail spending. The current social & economic trends for processed & packed food consumption have witnessed a sharp growth over the past few years. The consumption of packaged breakfast cereals and different meals has surged over the years, providing a humongous growth in the packaged food industry.
Major economies in Asia like China, India, Japan, Australia, and South Korea have implemented strict rules to keep packaged food products safe and healthy. These rules focus on ensuring the quality of the food, making sure it's safe to eat, and regulating how it's packaged. Across the region, some of the most common food regulations include laws for food safety, rules for materials that come into contact with food, and laws for keeping food clean. These regulations are in place to protect people's health and safety by making sure the food they eat is safe. However, these strict rules can also limit the growth of the food packaging industry in the short term. For example, in January 2019, India's Food Safety and Standards Authority (FSSAI) introduced new regulations for food packaging. These regulations put special emphasis on the materials used to package food, ensuring they are safe and suitable for their intended purpose.
Asia Pacific Food Packaging Market Analysis
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Food packaging products can be made from brand-new materials or from recycled ones. Virgin food packaging products are made directly from raw materials like plastic, metal, glass, paper, or wood. They've never been used before. Recycled packaging products, on the other hand, are made from materials that have been used before and then re-processed. They have to meet certain standards to be used for food packaging. Right now, most food packaging (over 70%) is made from virgin materials. And it's expected to keep growing in popularity over the next few years. That's because virgin materials are the starting point for all types of food packaging. Plus, they're really durable, which makes them ideal for packaging food products.
Asia Pacific food packaging market based on the type of material used is classified into glass, metal, plastic, paper & paperboard and wood. Plastic dominates the revenue segment with the market share of more than 50% in 2018. This is due to its rising demand in food packing sector. Moreover, its durability, flexibility and ability to resist to external influences makes it favorable for food packing. Furthermore, high versatility of plastic makes it easier to recycle and reuse several times based on the requirements.
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The Asia pacific food packaging market on the basis of technology is grouped into retort packaging, aseptic packaging, active packaging, and others. Retort packaging is the fastest growing packaging technology, which accounts for over USD 8 billion of the overall revenue in 2018. Owing to low manufacturing cost that uses laminates of flexible plastic and metal foils. Furthermore, convenient transportation and storage due to its lightweight nature will propel its 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
APAC Food Packaging Market, By Material
- Glass
- Metal
- Plastic
- Polypropylene
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polyamide 6 (PA6)
- Polyamide 6 Copolymer (PA6 Copolymer)
- Ethylene Vinyl Acetate (EVA)
- Ethylene Vinyl Alcohol (EVOH)
- Others
- 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
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
