As per a
research report by Global Market Insights, Inc., Asia Pacific food packaging
market is predicted to surpass $170 billion by 2025.Asia Pacific food packaging
market is set to witness momentous growth on account of growing consumption of
convenience food. Additionally, the growth is also likely to come from rising
prevalence of e-commerce in the region.
Speaking of the
e-commerce adoption, the region is witnessing a massive shift in the food
industry since the customers are turning to packaged foods over cooked meals.
This change can be attributed to the time required for meal preparation, hectic
lifestyles, rising disposable income and growing availability of packaged food
products.
Consumers are
leveraging several e-commerce platforms to order packaged food products.
Packaged foods offer timely delivery, better discounts and convenience. These
factors have further led to higher innovations in the APAC food packaging
market and would also support the market expansion over the forthcoming years.
With mounting
concerns of waste generation, climate change and global warming, the recycled
products segment is anticipated to witness lucrative growth during the forecast
timeframe. The segment is likely to grow at a CAGR of more than 3.5% from 2019
to 2025. Recycling offers environmental benefits like pollution reduction.
Additionally, it also helps conserve natural resources, enhances cost
effectiveness of manufacturing processes.
With respect to
layer, the single layer packaging segment is projected to grow at a healthy
CAGR of 3% through 2025. Single layer packaging includes metal packaging, glass
packaging, monolayer coated/uncoated flexible and rigid products. These
numerous varieties offered by the single layer packaging would drive its market
demand.
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Summary of this report @ https://www.gminsights.com/industry-analysis/asia-pacific-food-packaging-market
Glass food
packaging would individually exceed $7 billion over the forecast timespan. The
heavy usage of the product in manufacturing of containers, bottles would
augment its demand in the market. Additionally, it efficiently preserves
flavor, quality as well as taste of beverage and foods it contains. In
addition, the glass packaging can also be recycled again, making it an ideal
packaging choice as enterprises focus on being more sustainable.
With rising
demand of fresh food and beverages, aseptic packaging would witness lucrative
growth over the forecast timespan. It would account for about one tenth of
total volume share. This type uses high temperature for food packaging. The
high temperature maintains the freshness of beverages and food items. Rising
use of aseptic packaging in storing soup, tomatoes, and milk among others would
be the key factors augmenting the segment’s growth in the future.
Apart from
aseptic packaging, transparent packaging industry is set to witness
considerable growth during the forecast timespan. Rapid printing procedures and
cost-effective production are the key factors driving the sector growth. It is
anticipated to contribute for about one-fifth of the market share through
2025.
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All in all,
growing adoption of e-commerce, rising need of fresh food and beverages would
offer better expansion opportunities for market players. The competitive landscape
of Asia Pacific food packaging market includes players like Crown Holding Inc.,
Mondi Plc, Amcor plc, Stora Enso Oyj, Sealed Air Corporation, Berry Global
Group, Inc and Sonoco Products Company.
About Global Market Insights, Inc.
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.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
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