Asia Pacific Flexible Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Food Packaging, Beverage Packaging, Cosmetic And Toiletries, Pharmaceutical And Healthcare, Others), By Products (Bottles, Bags, Pouches, Films, Caps/Closures And Lids), And By Country - Forecasts From 2022 To 2027

Published:  Oct 2022 Report Code: KSI061610062 Pages: 120

The Asia Pacific flexible packaging market is projected to grow at a CAGR of 6.24% to reach US$70.917 billion by 2027, from US$46.424 billion in 2020.

Some of the key factors behind the significant growth of the Asia Pacific flexible packaging market are rising disposable income, improvement in the standard of living, and growing consumer demand for convenient packaging solutions. Hectic work lifestyles have induced the demand for easy-to-use and carry packaged food & beverage products, thereby driving the growth of the Asia Pacific flexible packaging market. The demand for flexible packaging is also derived from the growth of various end-user industries such as healthcare, food & beverages, among others. Moreover, lightweight materials, low production costs, and easier transportation reduce the overall operating cost for manufacturers, leading to increased adoption of these solutions to cater to their packaging needs.

Emerging economies like China and India are expected to witness substantial growth in the Asia Pacific flexible packaging market. China is expected to be the largest market for flexible packaging solutions due to its shift from a production-based to a consumption-based economic structure. The rising number of supermarkets in the Asia Pacific region will boost the demand for flexible packaging solutions.

Moreover, flexible packaging generates fewer greenhouse emissions and contributes less to landfill waste compared to other packaging formats. Apart from governmental pressure toward sustainability, even consumers are now demanding sustainable packaging solutions due to rising environmental concerns, which will further augment the demand for flexible packaging solutions in the Asia Pacific region.

The growing e-commerce industry is propelling the growth of the Asia Pacific flexible packaging market in the forecast period.

The Asia-Pacific e-commerce industry is one of the fastest growing, with a significant market share in the global e-commerce market.  This is due to the high penetration of smartphones and other mobile devices, which aid in online shopping, thus contributing to the growth of flexible packaging of goods. The trend of online purchasing is common among the millennials who are convenient with the online mode of purchase, along with saving a huge amount of time, effort, and money, with the wide availability of safe online modes of payment. According to the United Nations Conference on Trade and Development, the business-to-consumer e-commerce index 2019, among the developing regions of the world, Asian countries dominated other countries, where India’s position improved to secure 73rd position among 152 countries. Among the top ten nations in the e-commerce readiness index, Singapore and Australia from the APAC region secured the 3rd and 10th positions in 2019.

A high consumer base is driving the demand for Asia Pacific flexible packaging solutions, fueling the market growth in the forecast period.

There is a presence of a large consumer base, especially in India and China. Also, with the growing preference for the consumption of convenience and ready-to-eat meals, the market demand is expected to fuel in the forecast period. One of the main factors responsible for the presence of a large consumer base is attributed to the increasing middle-class population with an increasing family income. Also, with growing urbanization in the Asia Pacific region apart from the other developing regions of the world, there is an increasing shift from rural to urban areas, which has brought in changes in dietary consumption as well. In countries like India, citizens of the country have started moving away from a regular traditional form of food consumption, which includes cooking at home and eating together. This shift in the trend has been observed with the adoption of a busy lifestyle and women entering the major workforce, leading to a growing preference for convenience foods and beverages.

Additionally, with the adoption of modern living conditions and an increasing disposable income, spending ability has also increased. Thus, promoting the market players in the packaging industry to manufacture innovative products in flexible packaging to satiate a wide group of consumers here. Furthermore, with the prevalence of people suffering from chronic diseases and the presence of the elderly population, the market demand for flexible packaging is soaring with the growing consumer demand for drugs and medication.

Key Developments

  • In August 2022, Amcor expanded its operation in Asia by opening the latest innovation center in Jiangyin, China. The new packaging center in the Asia Pacific region offers customers an opportunity of collaborating with the company’s experts. Furthermore, the company claims that the Asia Pacific region is a key growth market for Amcor and the new center is one of the company’s most strategic investments in this region.

COVID-19 Impact on Asia Pacific Flexible Packaging Market

The pandemic had a significant impact on the Asia Pacific flexible packaging market. The Asia Pacific region has become the global center of the unprecedented health crisis due to the coronavirus outbreak in China. However, the increased demand for food packaging, medical packaging, and other essential goods propelled the flexible packaging market during the pandemic. Furthermore, the demand for packaged goods surged owing to their easy-to-store nature and long shelf life. Additionally, the demand for flexible packaging in the pharmaceutical industry also surged due to the high demand for drugs, medicines, and related products that aided the growth of flexible packaging in the Asia Pacific region.

Asia Pacific Flexible Packaging Market Scope:


Report Metric Details
 Market Size Value in 2020  US$46.424 billion
 Market Size Value in 2027  US$70.917 billion
 Growth Rate  CAGR of 6.24% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Application, Products, And Country
 Regions Covered  Japan, China, India, Australia, South Korea, Indonesia, Others
 Companies Covered Amcor plc, Mondi Group, Sonoco Products Company, Wipak Group, WestRock Company, UFlex Limited, Huhtamäki Oyj, Southern Packaging Group Limited, Takigawa Corporation
 Customization Scope  Free report customization with purchase



  • By Application
    • Food Packaging
    • Beverage Packaging
    • Cosmetic and Toiletries
    • Pharmaceutical and Healthcare
    • Others
  • By Products
    • Bottles
    • Bags
    • Pouches
    • Films
    • Caps/Closures and Lids
  • By Country
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Indonesia
    • Others

1. Introduction

1.1. Market Introduction

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation


2. Research Methodology

2.1. Research Data

2.2. Assumptions


3. Executive Summary

3.1. Research Highlights


4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5. Asia Pacific Flexible Packaging Market Analysis, by Application

5.1. Introduction

5.2. Food Packaging

5.3. Beverage Packaging

5.4. Cosmetic and Toiletries

5.5. Pharmaceutical and Healthcare

5.6. Others


6. Asia Pacific Flexible Packaging Market Analysis, by Products

6.1. Introduction

6.2. Bottles

6.3. Bags

6.4. Pouches

6.5. Films

6.6. Caps/Closures and Lids


7. Asia Pacific Flexible Packaging Market Analysis, by Country

7.1. Introduction

7.2. Japan

7.3. China

7.4. India

7.5. Australia

7.6. South Korea

7.7. Indonesia

7.8. Others


8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix


9. Company Profiles

9.1. Amcor plc

9.2. Mondi Group

9.3. Sonoco Products Company

9.4. Wipak Group

9.5. WestRock Company

9.6. UFlex Limited

9.7. Huhtamäki Oyj

9.8. Southern Packaging Group Limited

9.9. Takigawa Corporation

Amcor plc

Mondi Group

Sonoco Products Company

Wipak Group

WestRock Company

UFlex Limited

Huhtamäki Oyj

Southern Packaging Group Limited

Takigawa Corporation


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