Southeast Asia Pacific 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 Country - Forecasts From 2021 To 2026

Published:  Mar 2022 Report Code: KSI061614178 Pages: 120

The Southeast Asia Pacific Flexible Packaging Market is expected to grow steadily during the forecast period.

Introduction

Flexible Packaging is the process that involves the packaging of products by the means of non-rigid materials that can be readily modified. The process provides various customizable and economical packaging options from plastic to paper which is highly used in various industrial segments from consumer electronics to food & beverage, personal care, etc. Flexible packaging is suitable for diverse product categories and helps in increasing the shelf life of products.

Market Trend

The growing industrialization is constantly increasing the demand for packaging options to increase the shelf life of products and maintain their quality for a long time. This has made flexible packaging an immensely significant part of various industries like food & beverage, consumer electronics, etc. and with the growth in these industries, the Southeast Asia Pacific flexible packaging market is expected to thrive in the coming years. Moreover, flexible packaging is a cost-effective technique that can further boost its market in the coming years.

However, the stringent regulations regarding raw materials and recyclability can severely hamper the market growth in the projected period. But amidst this, sustainable packaging is expected to become the highlight for this market in the long run.

Growth Factors

  • Increase in Shelf Life of the product:

Urbanization and Industrialization are driving the global economies. This has made the flexible packaging market an extremely important part of these industries to deliver convenient packaging to their products. Flexible packaging requires fewer resources and energy and above all, it helps in sustaining the product quality and shelf life for a long time that works very well for the food & beverage, and pharmaceutical industries. Since moisture and oxygen can threaten the food’s freshness and cause the product to stale, the packaging works against these factors and helps in extending the shelf life of products. The flexible packaging uses barrier technology that helps to block oxygen transmission, light, and water vapor. Besides that, it also comes with resealing technology like a zipper that helps to use the product when in need and securely close the packaging later to maintain freshness.

The growing investment in industrialization in Southeast Asia Pacific countries especially in the consumer electronics sector, food& beverage sector, and personal care sector, holds a wide scope of development for the growth of this market. Besides that, flexible packaging is cost-effective and can be used for a diverse range of products that can drive its market further in the coming years.

  • Sustainable Packaging:

Taking into consideration the rising concerns revolving around micro-plastic pollution, and the issues surrounding the biodegradability of plastic, the high-scale development of sustainable packaging can become the highlight for this market in the coming years. The companies are now focusing on the development of new plastic technologies to develop recyclable and sustainable packaging while achieving the specific properties of moisture and oxygen resistance supported by flexible packaging. The role of biodegradable bioplastics, plant-based packaging, biodegradable resins, etc. can be quite significant in driving this market in Southeast Asia Pacific, especially with the concerns regarding plastic pollution.

Restraints

  • Regulations related to raw materials and product recyclability:

One of the major factors that can restrain the market growth of the Southeast Asia Pacific flexible packaging market is the regulation regarding the raw materials and the concern revolving around product recyclability. Plastic is a major component of the flexible packaging market and lately, this segment has witnessed some concerns regarding increasing pollution, its non-biodegradable issue, etc. that can severely impact this market’s performance in Southeast Asia Pacific countries. For instance, according to the statistics by Korea Environment Corporation, Korea generated around 10.36 million tons of plastic waste in 2019 and these concerns led to the banning of polyvinyl chloride (PVC) and colored polyethylene terephthalate (PET) bottles (that are difficult to recycle) for the packaging of food and beverage items. Besides that, taxation on plastic bags, banning the use of single-use plastic, etc. are some other concerns that revolve around this market and can restraint its growth in the projected period.

Impact of COVID-19 Southeast Asia Pacific Flexible Packaging Market:

The outburst of the covid pandemic had a moderate impact on the market. While the market witnessed a surge due to increasing demand from the food & beverage and pharmaceutical sector, the shutting down of industries like consumer electronics industries due to lockdown, curfew, etc. hampered the market growth.

Southeast Asia Pacific Flexible Packaging Market Scope:

Report Metric Details
 Growth Rate  CAGR of during the forecast period
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Material, End-User, And Country
 Regions covered  Japan, South Korea, Indonesia, Thailand, Malaysia, Philippines, Vietnam
 Companies covered TC Flexible Packaging Co., Ltd., Huhtamaki Flexible Packaging Vietnam, Rengo Group, Thai Packaging & Printing Public Company Ltd., ePac Holdings LLC., Prima Jaya Eratama, ECOPLAS, Takigawa Corporation Japan
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Material
    • Plastic
    • Paper
    • Others
  • By End-User
    • Food & Beverage
    • Personal Care
    • Pet Food
    • Consumer Electronics
    • Others
  • By Country
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia
    • Philippines
    • Vietnam

1. INTRODUCTION
1.1. Market Definition
1.2. 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. The 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. SOUTH EAST ASIA PACIFIC FLEXIBLE PACKAGING MARKET BY COUNTRY
5.1. Introduction
5.2. Japan
5.2.1. Japan Flexible Packaging Market, By Material, 2019 to 2026
5.2.1.1. Plastic
5.2.1.2. Paper
5.2.1.3. Others
5.2.2. Japan Flexible Packaging Market, By End User, 2019 to 2026
5.2.2.1. Food & Beverage
5.2.2.2. Personal Care
5.2.2.3. Pet Food
5.2.2.4. Consumer Electronics
5.2.2.5. Others
5.2.3. Printing Equipment Statistics
5.2.3.1. Gravure
5.2.3.2. Flexo
5.2.4. List of converters 
5.3. South Korea
5.3.1. South Korea Flexible Packaging Market, By Material, 2019 to 2026
5.3.1.1. Plastic
5.3.1.2. Paper
5.3.1.3. Others
5.3.2. South Korea Flexible Packaging Market, By End User, 2019 to 2026
5.3.2.1. Food & Beverage
5.3.2.2. Personal Care
5.3.2.3. Pet Food
5.3.2.4. Consumer Electronics
5.3.2.5. Others
5.3.3. Printing Equipment Statistics
5.3.3.1. Gravure
5.3.3.2. Flexo
5.3.4. List of converters 
5.4. Indonesia
5.4.1. Indonesia Flexible Packaging Market, By Material, 2019 to 2026
5.4.1.1. Plastic
5.4.1.2. Paper
5.4.1.3. Others
5.4.2. Indonesia Flexible Packaging Market, By End User, 2019 to 2026
5.4.2.1. Food & Beverage
5.4.2.2. Personal Care
5.4.2.3. Pet Food
5.4.2.4. Consumer Electronics
5.4.2.5. Others
5.4.3. Printing Equipment Statistics
5.4.3.1. Gravure
5.4.3.2. Flexo
5.4.4. List of converters 
5.5. Thailand
5.5.1. Thailand Flexible Packaging Market, By Material, 2019 to 2026
5.5.1.1. Plastic
5.5.1.2. Paper
5.5.1.3. Others
5.5.2. Thailand Flexible Packaging Market, By End User, 2019 to 2026
5.5.2.1. Food & Beverage
5.5.2.2. Personal Care
5.5.2.3. Pet Food
5.5.2.4. Consumer Electronics
5.5.2.5. Others
5.5.3. Printing Equipment Statistics
5.5.3.1. Gravure
5.5.3.2. Flexo
5.5.4. List of converters 
5.6. Malaysia
5.6.1. Malaysia Flexible Packaging Market, By Material, 2019 to 2026
5.6.1.1. Plastic
5.6.1.2. Paper
5.6.1.3. Others
5.6.2. Malaysia Flexible Packaging Market, By End User, 2019 to 2026
5.6.2.1. Food & Beverage
5.6.2.2. Personal Care
5.6.2.3. Pet Food
5.6.2.4. Consumer Electronics
5.6.2.5. Others
5.6.3. Printing Equipment Statistics
5.6.3.1. Gravure
5.6.3.2. Flexo
5.6.4. List of converters 
5.7. Philippines
5.7.1. Philippines Flexible Packaging Market, By Material, 2019 to 2026
5.7.1.1. Plastic
5.7.1.2. Paper
5.7.1.3. Others
5.7.2. Philippines Flexible Packaging Market, By End User, 2019 to 2026
5.7.2.1. Food & Beverage
5.7.2.2. Personal Care
5.7.2.3. Pet Food
5.7.2.4. Consumer Electronics
5.7.2.5. Others
5.7.3. Printing Equipment Statistics
5.7.3.1. Gravure
5.7.3.2. Flexo
5.7.4. List of converters 
5.8. Vietnam
5.8.1. Vietnam Flexible Packaging Market, By Material, 2019 to 2026
5.8.1.1. Plastic
5.8.1.2. Paper
5.8.1.3. Others
5.8.2. Vietnam Flexible Packaging Market, By End User, 2019 to 2026
5.8.2.1. Food & Beverage
5.8.2.2. Personal Care
5.8.2.3. Pet Food
5.8.2.4. Consumer Electronics
5.8.2.5. Others
5.8.3. Printing Equipment Statistics
5.8.3.1. Gravure
5.8.3.2. Flexo
5.8.4. List of converters 


6. COMPETITIVE ENVIRONMENT AND ANALYSIS
6.1. Major Players and Strategy Analysis
6.2.  Emerging Players and Market Lucrativeness
6.3.  Mergers, Acquisitions, Agreements, and Collaborations
6.4.  Vendor Competitiveness Matrix


7. COMPANY PROFILES
7.1. TC Flexible Packaging Co., Ltd.
7.2. Huhtamaki Flexible Packaging Vietnam
7.3. Rengo Group
7.4. Thai Packaging & Printing Public Company Ltd.
7.5. ePac Holdings LLC.
7.6. Prima Jaya Eratama
7.7. ECOPLAS
7.8. Takigawa Corporation Japan

TC Flexible Packaging Co., Ltd.

Huhtamaki Flexible Packaging Vietnam

Rengo Group

Thai Packaging & Printing Public Company Ltd.

ePac Holdings LLC.

Prima Jaya Eratama

ECOPLAS

Takigawa Corporation Japan

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