PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410981
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410981
Asia Pacific Food Packaging Market, By Type ; By Material ; By Application ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Asia Pacific Food Packaging Market Size Expands at Steady CAGR of 4.33% During 2024-2030, to Reach USD 96.6 Billion by 2030.
Asia Pacific Food Packaging Market is flourishing due to a spurring demand for convenience packaging with sustainable materials from thriving e-commerce and online food delivery apps.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia Pacific Food Packaging Market size at USD 74.91 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Asia Pacific Food Packaging Market size to expand at a CAGR of 4.33% reaching a value of USD 96.6 billion by 2030. The Asia Pacific Food Packaging Market is propelled by the rising disposable income of consumers, leading to an improved standard of living. Increasing exports of fruits and vegetables from the region are expected to contribute significantly to the expansion of food packaging market. There has been a global upswing in imports of fruits and vegetables, registering a 17.6% increase worldwide, while the Asia Pacific region has witnessed a notable 51.6% surge in imports of these products. In major APAC countries like India, the surge in demand for online food ordering, exemplified by the substantial growth of prominent delivery companies like Zomato, has propelled the use of packaged food boxes in the food packaging market. Lifestyle changes, evolving food preferences, and population growth in developing nations are additional factors expected to drive market growth. The preference for processed food due to a growing working population, particularly working female population, higher disposable incomes, and busy lifestyles, coupled with population migration from rural to urban areas, further fuels the demand for food packaging products. The market is also witnessing the rapid adoption of advancements in packaging technologies, such as active packaging, intelligent packaging, and engineering science, facilitating the flexible packaging of food products. Moreover, food packaging companies are increasingly adopting eco-friendly practices by utilizing biodegradable packaging materials that can be recycled, renewed, and reused. As a result, such aspects are expected to boost the expansion of the Asia Pacific Food Packaging Market during the period in analysis.
Impact of COVID-19 on Asia Pacific Food Packaging Market
COVID-19 pandemic had a dual impact on the Asia Pacific Food Packaging Market. The imposition of curfew-like situations, where operational activities were severely restricted, contributed to the impact. The pandemic shed light on the significance of fresh food packaging, particularly for safety reasons, as packaging proves crucial in safeguarding food from air, moisture, temperature variations, and various micro-organisms. Recognizing COVID-19 as a communicable disease, spreading from person to person according to the World Health Organization (WHO) and other international health and food safety authorities, underscores the importance of safe food handling. While food demand tends to be relatively stable, overall consumption is constrained, highlighting the pivotal role of packaging in ensuring food safety. The collective effect of these factors underscored the critical role of the fresh food packaging market amid the COVID-19 pandemic. However, post-pandemic, the focus on food safety, extended shelf life, and convenience is expected to drive the growth of the food packaging market during the forecast period.
Asia Pacific Food Packaging Market
Segmental Information
Asia Pacific Food Packaging Market - By Application
Based on application, the Asia Pacific Food Packaging Market is divided into Bakery & Confectionary, Dairy Products, Fruits & Vegetables, Meat, Poultry, & Seafood, and Sauces & Dressings segments. The bakery & confectionary segment holds the highest share in the Asia Pacific Food Packaging Market by application, due to the universal appeal and consistent demand for baked goods and sweets across diverse cultures. The segment relies heavily on effective packaging to preserve freshness, maintain product quality, and enhance visual appeal, contributing to its dominant market position.
Asia Pacific Food Packaging Market - By Country
Geographically, the Asia Pacific Food Packaging Market is segmented as major countries of the region including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. India is expected to dominate the Asia Pacific Food Packaging Market during the forecast period. The market in the most populous country is primarily driven by rising per capita income, increased health consciousness, and evolving lifestyle trends. The Indian market benefits from abundant raw material supplies for plastic, metal, and paper packaging. Hence, India is expected to emerge as a preferred hub for the packaging industry. Government regulations, coupled with a demand for convenient packaging, particularly in the form of flexible packaging, further contribute to the industry's growth. The international trade in packaging material and machinery has expanded, facilitated by global trade growth and India's WTO commitment to tariff rationalization. The India Food Packaging Market is also witnessing a rise in small pack sizes, including "Tabekiri" packets, meeting the preferences of single-person households.
Competitive Landscape
The Asia Pacific Food Packaging Market is highly fragmented, with numerous players serving the market. The key players dominating the Asia Pacific Food Packaging Market include Amcor plc, Sealed Air, Sonoco Products Company, Berry Global, Inc., WestRock Company, Mondi, Genpak LLC, and Pactiv LLC. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the Asia Pacific Food Packaging Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia Pacific Food Packaging Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. APAC Food Packaging Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising demand for convenience packaging
- 3.2.1.2. Growing e-commerce and online food delivery
- 3.2.2. Restraints
- 3.2.2.1. Rising costs of raw materials
- 3.2.3. Opportunities
- 3.2.3.1. Increasing focus on food safety and shelf life
- 3.2.4. Challenge
- 3.2.4.1. Stringent regulatory environment
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Asia Pacific Food Packaging Market Overview
- 4.1. Market Size & Forecast, 2019-2030
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Rigid
- 4.2.1.2. Semi-rigid
- 4.2.1.3. Flexible
- 4.2.2. By Material
- 4.2.2.1. Paper & Paper-based Material
- 4.2.2.2. Plastics
- 4.2.2.3. Metal
- 4.2.2.4. Glass
- 4.2.2.5. Others
- 4.2.3. By Application
- 4.2.3.1. Bakery & Confectionary
- 4.2.3.2. Dairy Products
- 4.2.3.3. Fruits & Vegetables
- 4.2.3.4. Meat, Poultry, & Seafood
- 4.2.3.5. Sauces & Dressings
- 4.2.3.6. Others
- 4.2.4. By Country
- 4.2.4.1. China
- 4.2.4.2. India
- 4.2.4.3. Japan
- 4.2.4.4. South Korea
- 4.2.4.5. Australia & New Zealand
- 4.2.4.6. Indonesia
- 4.2.4.7. Malaysia
- 4.2.4.8. Singapore
- 4.2.4.9. Vietnam
- 4.2.4.10. Rest of APAC
- 4.2.1. By Type
5. China Food Packaging Market
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Material
- 5.2.3. By Application
6. India Food Packaging Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Material
- 6.2.3. By Application
7. Japan Food Packaging Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Material
- 7.2.3. By Application
8. South Korea Food Packaging Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Material
- 8.2.3. By Application
9. Australia & New Zealand Food Packaging Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Material
- 9.2.3. By Application
10. Indonesia Food Packaging Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Material
- 10.2.3. By Application
11. Malaysia Food Packaging Market
- 11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Material
- 11.2.3. By Application
12. Singapore Food Packaging Market
- 12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Type
- 12.2.2. By Material
- 12.2.3. By Application
13. Vietnam Food Packaging Market
- 13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Type
- 13.2.2. By Material
- 13.2.3. By Application
14. Rest of APAC Food Packaging Market
- 14.1. Market Size & Forecast, 2019-2030
- 14.1.1. By Value (USD Billion)
- 14.2. Market Share & Forecast
- 14.2.1. By Type
- 14.2.2. By Material
- 14.2.3. By Application
15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Asia Pacific Food Packaging Company Market Share Analysis, 2023
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Covid-19 on Asia Pacific Food Packaging Market
17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 17.1. Amcor plc
- 17.2. Sealed Air
- 17.3. Sonoco Products Company
- 17.4. Berry Global, Inc.
- 17.5. WestRock Company
- 17.6. Mondi
- 17.7. Genpak LLC
- 17.8. Pactiv LLC
- 17.9. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Asia Pacific Food Packaging Segmentation
- Figure 2 Asia Pacific Food Packaging Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Asia Pacific Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 5 Asia Pacific Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 6 Asia Pacific Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 7 Asia Pacific Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 8 Asia Pacific Food Packaging Market Share, By Country, By Value, 2019-2030
- Figure 9 China Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 10 China Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 11 China Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 12 China Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 13 India Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 14 India Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 15 India Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 16 India Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 17 Japan Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 18 Japan Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 19 Japan Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 20 Japan Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 21 South Korea Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 22 South Korea Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 23 South Korea Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 24 South Korea Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 25 Australia & New Zealand Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 26 Australia & New Zealand Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 27 Australia & New Zealand Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 28 Australia & New Zealand Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 29 Indonesia Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 30 Indonesia Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 31 Indonesia Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 32 Indonesia Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 33 Malaysia Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 34 Malaysia Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 35 Malaysia Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 36 Malaysia Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 37 Singapore Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 38 Singapore Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 39 Singapore Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 40 Singapore Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 41 Vietnam Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 42 Vietnam Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 43 Vietnam Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 44 Vietnam Food Packaging Market Share, By Application, By Value, 2019-2030
- Figure 45 Rest of APAC Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Figure 46 Rest of APAC Food Packaging Market Share, By Type, By Value, 2019-2030
- Figure 47 Rest of APAC Food Packaging Market Share, By Material, By Value, 2019-2030
- Figure 48 Rest of APAC Food Packaging Market Share, By Application, By Value, 2019-2030
List of Tables
- Table 1 Asia Pacific Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 2 Asia Pacific Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 3 Asia Pacific Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 4 Asia Pacific Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 5 Asia Pacific Food Packaging Market Size, By Country, By Value, 2019-2030
- Table 6 China Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 7 China Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 8 China Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 9 China Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 10 India Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 11 India Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 12 India Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 13 India Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 14 Japan Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 15 Japan Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 16 Japan Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 17 Japan Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 18 South Korea Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 19 South Korea Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 20 South Korea Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 21 South Korea Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 22 Australia & New Zealand Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 23 Australia & New Zealand Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 24 Australia & New Zealand Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 25 Australia & New Zealand Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 26 Indonesia Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 27 Indonesia Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 28 Indonesia Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 29 Indonesia Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 30 Malaysia Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 31 Malaysia Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 32 Malaysia Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 33 Malaysia Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 34 Singapore Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 35 Singapore Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 36 Singapore Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 37 Singapore Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 38 Vietnam Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 39 Vietnam Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 40 Vietnam Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 41 Vietnam Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 42 Rest of APAC Food Packaging Market Size, By Value (USD Billion), 2019-2030
- Table 43 Rest of APAC Food Packaging Market Size, By Type, By Value, 2019-2030
- Table 44 Rest of APAC Food Packaging Market Size, By Material, By Value, 2019-2030
- Table 45 Rest of APAC Food Packaging Market Size, By Application, By Value, 2019-2030
- Table 46 Amcor plc Company Overview
- Table 47 Amcor plc Financial Overview
- Table 48 Sealed Air Company Overview
- Table 49 Sealed Air Financial Overview
- Table 50 Sonoco Products Company Overview
- Table 51 Sonoco Products Company Financial Overview
- Table 52 Berry Global, Inc. Company Overview
- Table 53 Berry Global, Inc. Financial Overview
- Table 54 WestRock Company Overview
- Table 55 WestRock Company Financial Overview
- Table 56 Mondi Company Overview
- Table 57 Mondi Financial Overview
- Table 58 Genpak LLC Company Overview
- Table 59 Genpak LLC Financial Overview
- Table 60 Pactiv LLC Company Overview
- Table 61 Pactiv LLC Financial Overview
