Asia Pacific Food Wrap Market Size & Outlook, 2025-2030
Global Market
Related Markets
Asia Pacific food wrap market highlights
- The Asia Pacific food wrap market generated a revenue of USD 1,879.1 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative 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 1,879.1 million |
| Market revenue in 2030 | USD 3,203.1 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.5% of the global food wrap 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 3,203.1 million by 2030.
This positive outlook can be attributed to the increasing population, rapid urbanization, rising disposable incomes, and expanding food service and delivery sector in the region. The Asia Pacific Employment and Social Outlook 2024 report states that the total employment in Asia Pacific is expected to grow by approximately 15 million annually, driven by the rising working-age population.
Therefore, the increasing working population of the region is expected to fuel the demand for on-the-go and ready-to-eat food, which, in turn, is anticipated to drive the demand for convenient packaging products, including food wrap, across the region.
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Publish Date: Oct 15, 2024
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 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 |
| Ahlstrom-Munksjö | View profile | 5001-10000 | Helsinki, Southern Finland, Finland, Europe | www.ahlstrom-munksjo.com/ |
| Mitsubishi Chemical Group Corp | View profile | 74,632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | www.mcgc.com |
| Reynolds Consumer Products Inc Ordinary Shares | View profile | 6,000 | 1900 W. Field Court, Lake Forest, IL, United States, 60045 | www.reynoldsconsumerproducts.com |
| Georgia-Pacific Packaging & Cellulose | View profile | 251-500 | Atlanta, Georgia, United States, North America | www.gppackaging.com |
| ProAmpac | View profile | 5001-10000 | Cincinnati, Ohio, United States, North America | www.proampac.com/ |
| Veritiv | View profile | 10001+ | Atlanta, Georgia, United States, North America | www.veritivcorp.com |
| Pixelle Specialty Solutions | View profile | 1001-5000 | Spring Grove, Pennsylvania, United States, North America | www.pixelle.com/ |
| Huhtamaki | View profile | 10001+ | Espoo, Southern Finland, Finland, Europe | huhtamaki.com/ |
Asia Pacific Food Wrap 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 Food Wrap Market Outlook will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 54.71% in 2023.
Horizon Databook has segmented the Asia Pacific food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
This positive outlook can be attributed to the increasing population, rapid urbanization, rising disposable incomes, and expanding food service and delivery sector in the region. The Asia Pacific Employment and Social Outlook 2024 report states that the total employment in Asia Pacific is expected to grow by approximately 15 million annually, driven by the rising working-age population.
Therefore, the increasing working population of the region is expected to fuel the demand for on-the-go and ready-to-eat food, which, in turn, is anticipated to drive the demand for convenient packaging products, including food wrap, across the region.
- Asia Pacific Food Wrap Market Material Outlook (Revenue, USD Million , 2018-2030)
- Plastic Foil
- Aluminum Foil
- Paper
- Asia Pacific Food Wrap Market Application Outlook (Revenue, USD Million , 2018-2030)
- Food Service
- Online
- Institutional
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Target buyers of Food Wrap Market Outlook databook
- Our clientele includes a mix of Food Wrap Market Outlook companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Food Wrap Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Food Wrap Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Food Wrap Market, 2018-2030 (US$M)
Asia Pacific food wrap market statistics, by material, 2018-2030 (US$M)
