Asia-Pacific Flexible Packaging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material (Plastics, Paper, Aluminum Foils, and Others), Product Type (Pouches, Bags, Films and Wraps, and Others), and Application (Food and Beverages, Medical and Pharmaceutical, Personal Care and Cosmetic, Industrial, and Others)
The APAC flexible packaging market is expected to grow from US$ 75,981.97 million in 2021 to US$ 1,05,026.15 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
In a nutshell, e-commerce effectively erases the huge investments or outlays on physical infrastructure to develop a regional presence, which has led to a revolution in the way business is conducted across the region. Developing countries present solutions to many prevalent problems, such as providing remote healthcare & education, food & beverages, personal care & cosmetics, and industrial.
Moreover, the immense potential that e-commerce is acting as a powerful tool in reducing the gap and giving developing countries the chance to achieve economic equality. The growing telecommunications infrastructure and rising consumer demand for food & beverages ensure that developing countries have become strong contenders in the regional e-commerce sector.
The ministry of commerce & industry, the government of India, announced on Dec 17, 2021, that India's e-commerce order volume increased by 36% in the last quarter of 2020, with the personal care, beauty & wellness (PCB & W) segment being the largest beneficiary. In addition, India's e-commerce market is expected to reach US$ 111 billion by 2024 and US$ 200 billion by 2026. Hence, the retail sector is growing through e-commerce and simultaneously witnessed lucrative growth for the flexible packaging market in emerging economies.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC flexible packaging market at a good CAGR during the forecast period.
APAC Flexible Packaging Market Revenue and Forecast to 2028 (US$ Million)
APAC Flexible Packaging Market Segmentation
The APAC flexible packaging market is segmented based on material, product type, application, and country. Based on material, the market is segmented into plastics, paper, aluminum foils, and others. The plastic segment dominated the market in 2021.
Based on product type, the market is segmented into pouches, bags, films and wraps, and others. The bags segment dominated the market in 2021.
Based on application, the market is segmented into food and beverages, medical and pharmaceutical, personal care and cosmetic, industrial, and others. The food and beverages segment dominated the market in 2021.
Based on country, the regional market is segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC. China dominated the market in 2021.
Amcor plc, Berry Global Inc., Constantia Flexibles, Flexpak services, Huhtamaki, Mondi, Sealed Air, Sonoco Products Company, and Transcontinental Inc. are the leading companies in the regional market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Flexible packaging Market, by Material
1.3.2 APAC Flexible packaging Market, by Product Type
1.3.3 APAC Flexible packaging Market, by Application
1.3.4 APAC Flexible packaging Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Flexible Packaging Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Flexible Packaging Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Cost Effectiveness and Increased Product Shelf-Life
5.1.2 Increasing Demand for Snacks and Convenience Foods and Beverages
5.2 Key Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Key Market Opportunities
5.3.1 Surging Flexible Packaging Applications
5.4 Key Market Trend
5.4.1 Escalating Retail Sector Through E-Commerce
5.5 Impact Analysis
6. Flexible Packaging Market – APAC Analysis
6.1 APAC Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Mn)
7. APAC Flexible Packaging Market Analysis – By Material
7.1 Overview
7.2 APAC Flexible Packaging Market, By Material (2020 and 2028)
7.3 Plastics
7.3.1 Overview
7.3.2 Plastics: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Paper
7.4.1 Overview
7.4.2 Paper: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Aluminum Foils
7.5.1 Overview
7.5.2 Aluminum Foils: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
8. APAC Flexible Packaging Market Analysis – By Product Type
8.1 Overview
8.2 APAC Flexible Packaging Market, By Product Type (2020 and 2028)
8.3 Pouches
8.3.1 Overview
8.3.2 Pouches: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Bags
8.4.1 Overview
8.4.2 Bags: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Films and Wraps
8.5.1 Overview
8.5.2 Films and Wraps: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9. APAC Flexible Packaging Market Analysis – By Application
9.1 Overview
9.2 APAC Flexible Packaging Market, By Application (2020 and 2028)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Medical and Pharmaceuticals
9.4.1 Overview
9.4.2 Medical and Pharmaceuticals: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Personal Care and Cosmetics
9.5.1 Overview
9.5.2 Personal Care and Cosmetics: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
10. APAC Flexible Packaging Market – Country Analysis
10.1 Overview
10.1.1 APAC: Flexible Packaging Market, by Key Country
10.1.1.1 Australia: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Flexible Packaging Market, by Material
10.1.1.1.2 Australia: Flexible Packaging Market, by Product Type
10.1.1.1.3 Australia: Flexible Packaging Market, by Application
10.1.1.2 China: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Flexible Packaging Market, by Material
10.1.1.2.2 China: Flexible Packaging Market, by Product Type
10.1.1.2.3 China: Flexible Packaging Market , by Application
10.1.1.3 India: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Flexible Packaging Market, by Material
10.1.1.3.2 India: Flexible Packaging Market, by Product Type
10.1.1.3.3 India: Flexible Packaging Market , by Application
10.1.1.4 Japan: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Flexible Packaging Market, by Material
10.1.1.4.2 Japan: Flexible Packaging Market, by Product Type
10.1.1.4.3 Japan: Flexible Packaging Market, by Application
10.1.1.5 South Korea: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Flexible Packaging Market, by Material
10.1.1.5.2 South Korea: Flexible Packaging Market, by Product Type
10.1.1.5.3 South Korea: Flexible Packaging Market, by Application
10.1.1.6 Rest of APAC: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Flexible Packaging Market, by Material
10.1.1.6.2 Rest of APAC: Flexible Packaging Market, by Product Type
10.1.1.6.3 Rest of APAC: Flexible Packaging Market, by Application
11. Company Profiles
11.1 Amcor plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Huhtamaki
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Mondi
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Berry Global Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Sealed Air
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Sonoco Products Company
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Constantia Flexibles
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Flexpak Services
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Transcontinental Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. APAC Flexible Packaging Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Australia Flexible Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 3. Australia Flexible Packaging Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Australia Flexible Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. China Flexible Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 6. China Flexible Packaging Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. China Flexible Packaging Market , by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. India Flexible Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 9. India Flexible Packaging Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 10. India Flexible Packaging Market , by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Flexible Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 12. Japan Flexible Packaging Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Japan Flexible Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Flexible Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 15. South Korea Flexible Packaging Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 16. South Korea Flexible Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of APAC Flexible Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of APAC Flexible Packaging Market , by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of APAC Flexible Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Flexible Packaging Market Segmentation
Figure 2. APAC Flexible packaging Market Segmentation – By Country
Figure 3. APAC Flexible packaging Market Overview
Figure 4. APAC Flexible Packaging Market, By Application
Figure 5. APAC Flexible Packaging Market, By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. APAC Flexible Packaging Market - Ecosystem
Figure 8. Expert Opinion
Figure 9. APAC Flexible Packaging Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Flexible Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. APAC Flexible Packaging Market Revenue Share, By Material (2020 and 2028)
Figure 12. APAC Plastics: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. APAC Paper: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. APAC Aluminum foils: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. APAC Others: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. APAC Flexible Packaging Market Revenue Share, By Product Type (2020 and 2028)
Figure 17. APAC Pouches: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. APAC Bags: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. APAC Films and Wraps: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. APAC Others: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. APAC Flexible Packaging Market Revenue Share, By Application (2020 and 2028)
Figure 22. APAC Food and Beverages: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. APAC Medical and Pharmaceuticals: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. APAC Personal care and Cosmetics: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. APAC Industrial: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. APAC Others: Flexible Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. APAC: Flexible Packaging Market, by Key Country – Revenue (2020) (US$ Million)
Figure 28. APAC: Flexible Packaging Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. Australia: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. China: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. India: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Japan: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. South Korea: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of APAC: Flexible Packaging Market –Revenue and Forecast to 2028 (US$ Million)
- Amcor plc
- Berry Global Inc.
- Constantia Flexibles
- Flexpak services
- Huhtamaki
- Mondi
- Sealed Air
- Sonoco Products Company
- Transcontinental Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC flexible packaging market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC flexible packaging market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the flexible packaging market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution