The Asia-Pacific food packaging market is projected to grow at a CAGR of 8.1% during the forecast period. The key factors that drive the growth of the market include the regulatory norms in the key economies including India, China, among others. Regulations in these economies are primarily focussed on food quality, safety, and food packaging products. Food sanitation law, food safety law, and regulation for food contact materials are some of the commonly followed food regulations across the region. Thus, these laws ensure food safety and are intended to protect the physical health of the public. Likewise, strict government concerning the food contact materials and packaging are projected to limit the growth of the Asia-Pacific food packaging industry over the forecast period.
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These stringent regulations imposed by the government encouraged the key players to innovate and introduce novel products. Further, the government also released some regulations to overcome the issue. For instance, in January 2019, the Food Safety and Standards Authority of India (FSSAI) announced novel regulations concerning food packing norms. The new law introduced by FSSAI primarily stresses the importance of packaging materials used for packing food. Thus, these encourage the key players to introduce more sustainable packaging products.
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• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Material, By Packaging, and Application
• Countries Covered- China, Japan, India, and Rest of Asia-Pacific
• Competitive Landscape- Amcor Plc, Ball Corp., Berry Global, Inc., Mondi Plc, Stora Enso Oyj
Key questions addressed by the report
• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
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Asia-Pacific Food Packaging Market – Segmentation
• Paper & Paperboard
• Flexible Packaging
• Semi-Rigid Packaging
• Rigid Packaging
• Dairy Products
• Fruits & Vegetables
• Bakery & Confectionery
• Poultry & Meat Products
• Convenience Food
Asia-Pacific Food Packaging Market – Segmentation by Country
• Rest of Asia-Pacific
• Amcor Plc
• AS Food Packaging Greendale
• Asia Pulp and Paper Group
• Ball Corp.
• Berry Global, Inc.
• DS Smith Plc
• Ecoware Solutions Pvt. Ltd.
• GPA Global
• International Paper Co.
• Mondi Group Plc
• Rich Offset Pvt Ltd.
• Sealed Air Corp.
• Stora Enso Oyj
• WestRock Co.
• UFlex Ltd.
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