Asia Pacific Flexible Packaging Market Size & Outlook
- Packaging & Packaging Solutions
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- Flexible Packaging Market Outlook
- Packaging Solutions
Asia Pacific Flexible Packaging Market, 2018-2030 (US$M)
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Asia Pacific flexible packaging market highlights
- The Asia Pacific flexible packaging market generated a revenue of USD 104,863.2 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Metal is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 104,863.2 million |
| Market revenue in 2030 | USD 153,216.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Metal |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.7% of the global flexible packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 153,216.8 million by 2030.
Asia Pacific accounted for the largest share of 38.38% of the global flexible packaging market in 2022. The flexible packaging market is predicted to increase at a significant rate in the region over the forecast period. A significant growth in domestic demand for flexible packaging in Asia Pacific, is due to the growing urbanization in China and India which are leading in consumption of packaged foods.
Flexible plastic is preferred due to its food-preserving ability, affordability, and convenience. Asia Pacific is densely populated with the majority of the population migrating to urban areas. This has resulted in decreased floor space in apartments to accommodate the increasing population in urban areas. The small-sized apartments result in shrinking family sizes, thereby increasing the demand for smaller-sized food packs.
This has driven the demand for flexible packaging products in food & beverage packaging. Most countries in the region are developing economies. A sizeable section of the population in Asia Pacific belongs to the middle-class category having limited disposable income. This has prompted companies to manufacture cosmetics and personal care products in sachet forms.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sonoco Products Co | View profile | 23,000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | www.sonoco.com |
| Huhtamäki Oyj | View profile | 17,868 | Revontulenkuja 1, Espoo, Finland, 02100 | www.huhtamaki.com |
| Amcor PLC | View profile | 41,000 | 83 Tower Road North, Warmley, Bristol, United Kingdom, BS30 8XP | www.amcor.com |
| Berry Global Group Inc | View profile | 44,000 | 101 Oakley Street, Evansville, IN, United States, 47710 | www.berryglobal.com |
| CCL Industries Inc Registered Shs -B- Non Vtg | View profile | 16,100 | 111 Gordon Baker Road, Suite 801, Toronto, ON, Canada, M2H 3R1 | www.cclind.com |
| Mondi PLC | View profile | 21,773 | The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, United Kingdom, KT13 0NY | www.mondigroup.com |
| Constantia Flexibles | View profile | 5001-10000 | Vienna, Wien, Austria, Europe | www.cflex.com |
| Cosmo Films | View profile | 10001+ | New Delhi, Delhi, India, Asia | www.cosmofilms.com/ |
| DS Smith PLC | View profile | 29,672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | www.dssmith.com |
| Transcontinental Inc Shs -A- Voting Subord. | View profile | 8,131 | 1 Place Ville Marie, Suite 3240, Affaires Juridiques,, A/s Caroline Hamel, Montreal, QC, Canada, H3B 0G1 | tctranscontinental.com |
Asia Pacific Flexible Packaging Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Flexible Packaging Market Outlook will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 67.75% in 2023.
Horizon Databook has segmented the Asia Pacific flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific accounted for the largest share of 38.38% of the global flexible packaging market in 2022. The flexible packaging market is predicted to increase at a significant rate in the region over the forecast period. A significant growth in domestic demand for flexible packaging in Asia Pacific, is due to the growing urbanization in China and India which are leading in consumption of packaged foods.
Flexible plastic is preferred due to its food-preserving ability, affordability, and convenience. Asia Pacific is densely populated with the majority of the population migrating to urban areas. This has resulted in decreased floor space in apartments to accommodate the increasing population in urban areas. The small-sized apartments result in shrinking family sizes, thereby increasing the demand for smaller-sized food packs.
This has driven the demand for flexible packaging products in food & beverage packaging. Most countries in the region are developing economies. A sizeable section of the population in Asia Pacific belongs to the middle-class category having limited disposable income. This has prompted companies to manufacture cosmetics and personal care products in sachet forms.
- Asia Pacific Flexible Packaging Market Raw Material Outlook (Revenue, USD Million , 2018-2030)
- Plastics
- Paper & Paperboard
- Metal
- Bioplastics
- Asia Pacific Flexible Packaging Market Product Outlook (Revenue, USD Million , 2018-2030)
- Pouches
- Rollstock
- Bags
- Films & Wraps
- Others
- Asia Pacific Flexible Packaging Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food & beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Flexible Packaging Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Flexible Packaging Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Flexible Packaging Market, 2018-2030 (US$M)
Asia Pacific flexible packaging market statistics, by raw material, 2018-2030 (US$M)
