Japan Flexible Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material (Plastic, Paper, Others), By End User (Food & Beverage, Personal Care, Pet Food, Consumer Electronics, Others), And By Region - Forecasts From 2021 To 2026
- Published : Jan 2022
- Report Code : KSI061610139
- Pages : 96
The Japan Flexible Packaging market is projected to witness a compound annual growth rate of 0.72% to grow to US$14.035 billion by 2026, from US$13.345 billion in 2019.
The market is expected to surge in the country, due to the rise in the adoption of flexible packaging solutions for various end-users and sectors, such as food & beverage, pet food, personal care, and others. According to the data given by the Flexible Packaging Association, flexible packaging in Japan had a relative market size of over 72,000 million units in 2019. The flexible packaging demand is expected to surge in the home and personal care segment, due to the adoption of more innovative solutions in packaging. The Food & Beverage sector has also been witnessing a substantial surge in the demand for flexible packaging solutions, in the past few years. With the aging population, there has been a rise in the demand for foods offered in smaller and flexible packages.
There have been a substantial number of firms that have been offering flexible packaging solutions to their customers. For instance, Rengo Group, one of the imperative players in the market, has been offering a range of flexible packaging, which also includes cellophane, molded packaging, and film packaging. The company offers flexible flat bags, standing pouches, for respective products. Other firms and corporations have also been offering a considerable number of flexible packaging ranges and solutions. For instance, Takigawa Corporation has become a pioneer in the flexible packaging industry. The company has been offering products for various sectors, such as home and personal care, food & beverage, and others. With the rise in the demand for innovative and advanced solutions, the market is expected to surge at an exponential rate, during the forecast period.
Increasing demand in convenience stores
The market is expected to surge in the coming years, due to the rising demand for flexible packaging solutions in convenience stores. According to the Japan Franchise Association, the country has around 55,000 convenience stores that have been generating approx. US$100 billion in sales, per year. With the increasing aging population and the decline in the country’s birthrate, convenience stores have become a leader in a social and societal change in the country. According to the data given by the United Nations and the World Bank, 28.39% of the population in the country has been aged 65 or above. Consumer stores have been offering foods and other products in smaller and flexible packages, due to the decline in the appetite and demand for bulk products. Moreover, the Japan Franchise Association had stated that single households represent around 35.3% of the total country’s households, thereby increasing the demand for smaller flexible packaging solutions. Several firms have been offering flexible packaging solutions and products to their customers. For instance, Toppan has been making considerable investments in flexible packaging production, especially for fast-moving consumer goods, such as food & beverages, and others. Other players, such as Nippon Group, have also been investing a considerable sum of capital into the development of flexible packaging solutions for respective sectors.
- Kao Corporation In 2021, the company announced its plans to adopt an eco-friendly packaging alternative over plastic packaging, observing the growing plastic waste problems and solutions, under their sustainability commitment.
- In April 2021, Unilever Japan announced the adoption of a PET-based flexible packaging alternative for the sale of its personal care products.
COVID-19 Impact on the Japan Flexible Packaging Market:
The advent of the coronavirus pandemic was felt across numerous industry verticals in Japan, notably affecting the demand for flexible packaging in the country. With the implementation of lockdown to contain the spread of the deadly virus, a halt in operations across several industry verticals impacted the market. Production across personal care, consumer electronics, and others was severely affected by the lockdown, resulting in a contraction in demand for flexible packaging. However, demand across food and beverage and pet food surged, supporting the market.
Japan Flexible Packaging Market Scope:
|Market Size Value in 2019||US$13.345 billion|
|Market Size Value in 2026||US$14.035 billion|
|Growth Rate||CAGR of 0.72% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Material, End User, And Region|
| Regions Covered
||Kanto, Kansai, Chugoku, Others|
|Companies Covered||Rengo Co., Ltd., Takigawa Corporation, Unilever Japan, Michelman, Hosokawa Yoko Co. ltd.|
|Customization Scope||Free report customization with purchase|
- By Material
- By End User
- Food & Beverage
- Personal Care
- Pet Food
- Consumer Electronics
- By Region
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. JAPAN FLEXIBLE PACKAGING MARKET BY MATERIAL
6. JAPAN FLEXIBLE PACKAGING MARKET BY END-USER
6.2. Food & Beverage
6.3. Personal Care
6.4. Pet Food
6.5. Consumer Electronics
7. JAPAN FLEXIBLE PACKAGING MARKET BY REGION
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. Rengo Co., Ltd.
9.2. Takigawa Corporation
9.3. Unilever Japan
9.5. Hosokawa Yoko Co. ltd.
Rengo Co., Ltd.
Hosokawa Yoko Co. ltd.
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