Asia Pacific Flexible Packaging Market - Forecasts from 2018 to 2023
Asia Pacific Flexible Packaging Market is projected to grow at a CAGR of 6.05% over the forecast period to reach a total market size of US$53.191 billion by 2021 from US$37.395 billion in 2015. Some of the key factors behind the significant growth of Asia Pacific Flexible Packaging Market are increasing disposable income, rising living standards, and growing consumer demand for convenient packaging solutions. Hectic work lifestyle has induced the demand for easy-to-use and carry packaged food & beverages products, thereby driving the growth of Asia Pacific Flexible Packaging Market. The demand for flexible packaging is also derived from the growth of various end-use industries such as healthcare, food & beverages among others. Moreover, lightweight material, low production cost, and easier transportation reduce the overall operating cost for manufacturers leading to increased adoption of these solutions to cater their packaging needs.
Emerging economies like China and India are expected to witness a substantial growth of flexible packaging market. China is expected to be the largest market for consumer flexible packaging due to its shift from production-based to a consumption-based economic structure. Rising number of supermarkets in the Asia Pacific region will also boost the demand for flexible packaging products, especially the mushrooming demand for multipacks of various grocery products.
The technological advancements and innovations in the flexible packaging industry offer environmental-friendly benefits such as reduced use of plastic by way of package minimization, use of sustainable raw materials, reduced waste in the distribution chain, and reduced energy consumption during the recycling process. Moreover, flexible packaging generates fewer greenhouse emissions and contributes less to landfill waste against other packaging formats. Apart from governmental pressure towards sustainability, even consumers are now demanding sustainable packaging solutions due to rising environmental concerns
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, regional regulations which are determining the market growth and a brief technological aspect of flexible packaging. Complete industry analysis has also been covered by Porter’s Five Forces model as a part of this report section.
Thirdly, Asia Pacific flexible packaging market has been segmented by packaging material, application, and geography. By packaging material, the market has been segmented into Paper, Aluminum Foil, BOPP Film, and Polyethylene Terephthalate among Others. By application, the segmentation has been done into Food Packaging, Beverage Packaging, Cosmetic and Toiletries, Pharmaceutical and Healthcare among Others.
Important regions for vendors in terms of market size are covered through detailed geographical segmentation and country level forecasts.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are Amcor, Bemis, Mondi, Sonoco, and Wipak Group along with several other players.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentations
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Industry Regulations
4.10. Scenario Analysis
5. Flexible Packaging Market by Application (US$ billion)
5.1. Food Packaging
5.2. Beverage Packaging
5.3. Cosmetic and Toiletries
5.4. Pharmaceutical and Healthcare
6. Flexible Packaging Market by Products (US$ billion)
7. Asia Pacific Flexible Packaging Market Forecast by Country (US$ billion)
7.6. South Korea
8. Competitive Intelligence
8.1. Market Share of Key Players
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players
9. Company Profiles
9.5. Wipak Group
9.6. Ball Corporation