Selbyville, Delaware, Nov. 28, 2019 (GLOBE NEWSWIRE) --
According to a latest report by Global Market Insights, Inc., the Asia Pacific food packaging market is expected to hit US$ 170 billion revenue by 2025. Rising E-commerce and increasing consumption of convenience foods will augment the industry growth during the forecast time span.s
The evolving landscape of E-commerce is likely to accelerate the growth of food packaging in the Asia Pacific region. There is a major shift happening in the regional food industry as consumers are preferring packaged foods over traditional cooked meals. It is due to hectic lifestyles, time constraints for meal preparation, increasing disposable incomes, and easy availability of packaged foods. Consumers are using E-commerce platforms for ordering packaged food items as they offer convenience, timely delivery, and better discounts. This has led to innovations in food packaging industry and will support the strong growth of industry over the coming years.
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Some major findings of the Asia Pacific food packaging market report include:
- China will lead the market in future owing to high population, increasing consumption of packaged foods and rising E-commerce.
- Plastics will dominate the market accounting for more than half of the total market between the forecast period.
- The market is highly fragmented and key manufacturers in the industry are Mondi Plc, Crown Holding Inc., Amcor plc, Sealed Air Corporation, Stora Enso Oyj, Sonoco Products Company and Berry Global Group, Inc.
Strict regulatory environment associated with food packaging may negatively influence the market growth in upcoming years. These regulations cover all the aspects related to food quality, consumer safety and packaging materials. Additionally, negative perceptions about plastic packaging may hamper the product consumption in future. Plastic waste is sent to landfills which causes greenhouse gas emissions. Moreover, it is being dumped into rivers and oceans, leading to water pollution. These harmful effects on the environment coupled with sustainable packaging trends may slowdown the Asia Pacific food packaging market growth over the coming years.
Browse key industry insights spread across 449 pages with 523 market data tables & 25 figures & charts from the report, “Asia Pacific Food Packaging Market Size By Source (Virgin, Recycled), By Material (Glass, Metal, Plastic [Polypropylene (PP), Polyethylene, Polyethylene Terephthalate (PET), Polystyrene (PS), Polyamide 6 (PA6), Polyamide 6 copolymer (PA6 Copolymer), Ethylene vinyl acetate (EVA), Ethylene vinyl alcohol (EVOH)], Paper & Paperboard, Wood), By Product (Rigid Packaging [Oxygen Barrier, Moisture Barrier, Other Barrier, Non-Barrier], Flexible Packaging [Oxygen Barrier, Moisture Barrier, Other Barrier, Non-Barrier]), By Layer (Single Layer, Multi-Layer), By Visibility (Transparent, Opaque/Translucent), By Sterilization (High Temperature treatment, Low temperature treatment, Vacuum treatment, Non-sterilized treatment), By Technology (Retort Packaging, Aseptic Packaging, Active Packaging) Industry Analysis Report, Country Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/asia-pacific-food-packaging-market
Asia Pacific food packaging market is segmented on the basis of source, material, product, layer, visibility, sterilization and technology. Recycled products segment will grow with a CAGR more than 3.5% between 2019 to 2025 owing to rising concerns associated with waste generation, global warming, and climate change. It helps in conservation of natural resources, pollution reduction, and improves the cost effectiveness of production processes. Glass food packaging will cross USD 7 billion by 2025. It is predominantly used in manufacturing of bottles and containers and efficiently preserves the quality, flavor and taste of food and beverage products. Moreover, it can be recycled again and again.
Aseptic packaging will clutch nearly one tenth of volume share in the market by 2025. High temperature is used in this type of packaging to maintain the freshness of food & beverage items. Increasing consumption of aseptic packaging for tomatoes, soup, milk, etc. will propel the sector’s growth in upcoming years. Single layer packaging will grow with a CAGR over 3% within the forecast period and it includes glass packaging, metal packaging and monolayer coated/uncoated rigid and flexible plastic products. Transparent packaging sector will account for nearly one-fifth of volume share by 2025. It will grow rapidly within the forecast period due to cost effective manufacturing and rapid printing process.
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Partial chapters from report table of contents (TOC):
Chapter 2. Executive Summary
2.1. Asia Pacific food packaging market 360⁰ synopsis, 2019 –2025
2.1.1. Business trends
2.1.2. Source trends
2.1.3. Material trends
2.1.4. Product trends
2.1.5. Layer trends
2.1.6. Visibility trends
2.1.7. Sterilization trends
2.1.8. Technology trends
2.1.9. Country trends
Chapter 3. Asia Pacific Food packaging Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key converters
3.3.4.2. List of key film makers
3.3.4.3. List of key compounders
3.3.4.4. List of key food makers
3.4. Raw material trends
3.5. Cold chain logistics
3.6. Recycling trends
3.7. Innovation & sustainability
3.7.1. Patent analysis
3.7.2. Technology landscape
3.7.3. Future trends
3.7.3.1. Edible packaging
3.7.3.2. Micro packaging
3.7.3.3. Smart packaging
3.7.3.4. Anti-microbial packaging
3.7.3.5. Water soluble packaging
3.7.3.6. Self-cooling, self-heating packaging
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.2. Industry pitfalls & challenges
3.9. Regulatory landscape
3.9.1. Asia Pacific
3.10. Growth potential analysis
3.11. Competitive landscape
3.11.1. Company market share, 2018
3.11.2. Strategy dashboard
3.12. Porter's analysis
3.12.1. Supplier power
3.12.2. Buyer power
3.12.3. Threat of new entrants
3.12.4. Threat of substitutes
3.12.5. Industry rivalry
3.13. Regional price trends
3.13.1. Cost structure analysis
3.13.1.1. R&D cost
3.13.1.2. Manufacturing & equipment cost
3.13.1.3. Maintenance and service cost
3.13.1.4. Distribution cost
3.13.1.5. Operating cost
3.13.1.6. Miscellaneous cost
3.13.2. Price by material
3.14. PESTEL analysis
Browse complete table of contents @ https://www.gminsights.com/toc/detail/asia-pacific-food-packaging-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.