Asia Pacific Food Service Packaging Market Forecast to 2028

Asia Pacific Food Service Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Plastic, Metal, and Others), Packaging Type (Flexible and Rigid), and Application (Beverages, Prepared Meals, Fruits and Vegetables, Bakery and Confectionery, Dairy Products, and Others)

Report Code : TIPRE00009813 | Region : Asia Pacific | Industry : Chemicals and Materials | Published Date : 11/Jul/2022

The APAC food service packaging market is expected to grow from US$ 38,187.32 million in 2021 to US$ 57,804.14 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

The food packaging industry is transforming at a constant rate, driven by changing packaging technology, disposal regulations, and market acceptability. In ensuring the safety of individuals, food packaging plays an essential role. The material used for packing diversified food items needs to be hygienic for the consumers' health. With endless practices of developing packaging solutions, risks associated with food packaging design are low and are reducing due to practices such as ISO 22000 mandates and audit schemes. The adoption of risk assessments on all the raw materials and packaging materials assists in ensuring safety in the food packaging design. Food packaging design continues to transform with substantial scientific and technological progress to extend the product's shelf life and make it safer for the consumers as well. The advancements made in food safety and packaging solutions have raised the level of efficiency, convenience, and sustainability. Moreover, manufacturers who modify the packaging materials work with packaging professionals, which helps them follow and meet all safety mandates. Also, the availability of skilled professionals, including consultants and suppliers, pertains to specific knowledge about food packaging design technologies. These trained experts assist the manufacturers in selecting appropriate materials, cost forecasting, and risk assessment in magnifying their performance and productivity. Therefore, the presence of skilled professionals and audit schemes help the food packaging manufacturers to prevent safety problems associated with food packaging. So, the changing customer preference for high-quality and standard products is expected to fuel the market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC food service packaging market . The APAC food service packaging market is expected to grow at a good CAGR during the forecast period.

APAC Food Service Packaging Market Revenue and Forecast to 2028 (US$ Million)

APAC Food Service Packaging Market Segmentation

The APAC food service packaging market is segmented based on material, packaging type, application, and country. Based on material, the APAC food service packaging market is segmented into plastic, metal, and others. The others segment dominated the market in 2020, and the plastic segment is expected to be the fastest-growing segment during the forecast period. Based on packaging type, the APAC food service packaging market is segmented into flexible and rigid. The flexible segment dominated the market in 2020, and the same segment is expected to grow at a faster rate during the forecast period. Based on application, the APAC food service packaging market is segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. The prepared meals segment dominated the market in 2020, and the dairy products segment is expected to be the fastest-growing segment during the forecast period. Based on country, the APAC food service packaging market is segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC.

Amcor PLC, Ball Corporation, BeGreen Packaging, Berry Global Inc., Graphic Packaging Holding Company, Huhtamaki, Sealed Air, Stora Enso, and WestRock Company are among the leading companies in the APAC food service packaging market.

Others Segment to Dominate APAC Food Service Packaging Market During 2021–2028

According to a new market research study on “APAC Food Service Packaging Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Packaging Type, and Application ” is expected to reach US$ 57,804.14 million by 2028 from US$ 38,187.32 million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the APAC food service packaging market along with the drivers and restraints pertaining to the market growth. Changing customer preferences for high-quality and standard products and proliferation in production capacity of packaging products are the major factor driving the growth of the APAC food service packaging market . However, complicated nature of supply chain business hinders the growth of APAC food service packaging market .

The APAC food service packaging market is segmented based on material, packaging type, application, and country. Based on material, the APAC food service packaging market is segmented into plastic, metal, and others. The others segment dominated the market in 2020 and plastic segment is expected to be fastest growing during forecast period. Based on packaging type, the APAC food service packaging market is segmented into flexible and rigid. The flexible segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, the APAC food service packaging market is segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. The prepared meals segment dominated the market in 2020 and dairy products segment is expected to be fastest growing during forecast period. Based on country, the APAC food service packaging market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.

Amcor PLC, Ball Corporation, BeGreen Packaging, Berry Global Inc., Graphic Packaging Holding Company, Huhtamaki, Sealed Air, Stora Enso, and WestRock Company are among the leading companies in the APAC food service packaging market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Huhtamaki has completed the asset acquisition of Jiangsu Hihio-Art Packaging Co. Ltd. Jiangsu Hihio-Art Packaging Co. Ltd offers paper bags, trays, wraps, and folding carton packaging in China. Through this acquisition, Huhtamaki can strengthen its position as the leading foodservice packaging provider in Asia.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Food Service Packaging Market, by Material

1.3.2 APAC Food Service Packaging, by Packaging Type

1.3.3 APAC Food Service Packaging, by Application

1.3.4 APAC Food Service 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 Food Service Packaging Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Threat of New Entrants:

4.2.2 Bargaining Power of Buyers:

4.2.3 Bargaining Power of Suppliers:

4.2.4 Competitive Rivalry:

4.2.5 Threat of Substitutes:

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Food Service Packaging Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Escalating Production Capacity of Packaging Products

5.1.2 Changing Customer Preferences for High-quality and Standard Products

5.2 Market Restraints

5.2.1 Complicated Nature of Supply Chain Business

5.3 Market Opportunities

5.3.1 Significant Market Attractiveness for Recycling, Reusable, and Eco-Friendly Materials

5.4 Future Trends

5.4.1 Growing Smart and Intelligent Packaging Materials in Food Industry

5.5 Impact Analysis

6. Food Service Packaging Market – APAC Analysis

6.1 APAC Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

7. APAC Food Service Packaging Market Analysis – By Material

7.1 Overview

7.2 APAC Food Service Packaging Market, By Material (2020 and 2028)

7.3 Plastic

7.3.1 Overview

7.3.2 Plastic: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 Metal

7.4.1 Overview

7.4.2 Metal: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

7.5 Others:

7.5.1 Overview

7.5.2 Others: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

8. APAC Food Service Packaging Market Analysis – By Packaging Type

8.1 Overview

8.2 APAC Food Service Packaging Market, By Packaging Type (2020 and 2028)

8.3 Rigid

8.3.1 Overview

8.3.2 Rigid: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Flexible

8.4.1 Overview

8.4.2 Flexible: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

9. APAC Food Service Packaging Market Analysis – By Application

9.1 Overview

9.2 APAC Food Service Packaging Market, By Application (2020 and 2028)

9.3 Beverage

9.3.1 Overview

9.3.2 Beverage: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

9.4 Prepared Meals

9.4.1 Overview

9.4.2 Prepared Meals: Food service packaging Market – Revenue and Forecast to 2028 (US$ Mn)

9.5 Fruits and Vegetables

9.5.1 Overview

9.5.2 Fruits and Vegetables: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

9.6 Bakery and Confectionery

9.6.1 Overview

9.6.2 Bakery and Confectionery: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

9.7 Dairy Products:

9.7.1 Overview

9.7.2 Dairy Products: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

9.8 Others:

9.8.1 Overview

9.8.2 Others: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)

10. APAC Food Service Packaging Market – Country Analysis

10.1 Overview

10.1.1 APAC: Food Service Packaging Market, by Key Country

10.1.1.1 Australia: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Food Service Packaging Market, by Material

10.1.1.1.2 Australia: Food Service Packaging Market, by Packaging Type

10.1.1.1.3 Australia: Food Service Packaging Market, by Application

10.1.1.2 China: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Food Service Packaging Market, by Material

10.1.1.2.2 China: Food Service Packaging Market, by Packaging Type

10.1.1.2.3 China: Food Service Packaging Market, by Application

10.1.1.3 India: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Food Service Packaging Market, by Material

10.1.1.3.2 India: Food Service Packaging Market, by Packaging Type

10.1.1.3.3 India: Food Service Packaging Market, by Application

10.1.1.4 Japan: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Food Service Packaging Market, by Material

10.1.1.4.2 Japan: Food Service Packaging Market, by Packaging Type

10.1.1.4.3 Japan: Food Service Packaging Market, by Application

10.1.1.5 South Korea: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Food Service Packaging Market, by Material

10.1.1.5.2 South Korea: Food Service Packaging Market, by Packaging Type

10.1.1.5.3 South Korea: Food Service Packaging Market, by Application

10.1.1.6 Rest of APAC: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Food Service Packaging Market, by Material

10.1.1.6.2 Rest of APAC: Food Service Packaging Market, by Packaging Type

10.1.1.6.3 Rest of APAC: Food Service Packaging Market, by Application

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Company Profiles

12.1 Amcor PLC

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Berry Global Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Huhtamaki

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 WestRock Company

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Sealed Air

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Ball Corporation

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Graphic Packaging Holding Company

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 BeGreen Packaging

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Stora Enso

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary

LIST OF TABLES.

Table 1.             APAC Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Australia Food Service Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)

Table 3.             Australia Food Service Packaging Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)

Table 4.             Australia Food Service Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 5.             China Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 6.             China Food Service Packaging Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             China Food Service Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 8.             India Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 9.             India Food Service Packaging Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)

Table 10.          India Food Service Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 11.          Japan Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 12.          Japan Food Service Packaging Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)

Table 13.          Japan Food Service Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 14.          South Korea Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 15.          South Korea Food Service Packaging Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)

Table 16.          South Korea Food Service Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 17.          Rest of APAC Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 18.          Rest of APAC Food Service Packaging Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)

Table 19.          Rest of APAC Food Service Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 20.          Glossary of Terms

LIST OF FIGURES.

Figure 1.           APAC Food Service Packaging Market Segmentation

Figure 2.           APAC Food Service Packaging Market Segmentation – By Country

Figure 3.           APAC Food Service Packaging Market Overview

Figure 4.           APAC Food Service Packaging Market, By Material

Figure 5.           APAC Food Service Packaging Market, By Country

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Ecosystem: APAC Food Service Packaging Market

Figure 8.           Expert Opinion

Figure 9.           APAC Food Service Packaging Market Impact Analysis of Drivers and Restraints

Figure 10.        APAC Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        APAC Food Service Packaging Market Revenue Share, By Material (2020 and 2028)

Figure 12.        APAC Plastic: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        APAC Metal: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.        APAC Others: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.        APAC Food Service Packaging Market Revenue Share, By Packaging Type (2020 and 2028)

Figure 16.        APAC Rigid: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.        APAC Flexible: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18.        APAC Food Service Packaging Market Revenue Share, By Application (2020 and 2028)

Figure 19.        APAC Beverage: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 20.        APAC Prepared Meals: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21.        APAC Fruits and Vegetables: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22.        APAC Bakery and Confectionery: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23.        APAC Dairy Products: Food service packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24.        APAC Others: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 25.        APAC: Food Service Packaging Market, by Key Country – Revenue (2020) (US$ Million)

Figure 26.        APAC: Food Service Packaging Market Revenue Share, by Key Country (2020 and 2028)

Figure 27.        Australia: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        China: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        India: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Japan: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.        South Korea: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Rest of APAC: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Asia Pacific Food Service Packaging Market

● Amcor PLC

● Ball Corporation

● BeGreen Packaging

● Berry Global Inc.

● Graphic Packaging Holding Company

● Huhtamaki

● Sealed Air

● Stora Enso  

● WestRock Company

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC food service 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 food service 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 food service 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

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