Asia-Pacific Flexible Packaging Market-Market Dynamics
China, India, and Japan are the leading exporters of goods to various parts of the world. China exported more than USD 2 trillion worth of goods, leading to the growth of the flexible packaging market. Another factor that has increased the sales of the flexible packaging market is the e-commerce market. Internet penetration in Asian markets has boosted the e-commerce market in this region. There are more than a billion people in the APAC region who use the internet, either on their smartphones or computers. Smartphones have revolutionized the e-commerce retail market by having customers place orders from their phone. Global companies like eBay and Amazon have invested heavily in the APAC market because of its huge sales and revenues. Domestic companies like Flipkart, Alibaba, Rakuten, etc. have an established market in their countries and are expanding heavily. All these shipments require the flexible packaging market to support the orders.
Some of the factors driving the market include:
Longer shelf-life and changing lifestyles of people
Increasing disposable income across different geographies
Some of the factors restraining the market are:
Concerns about the environment and recycling
Inadequate supply chains
Restrictions by the governments
Uncertain consumer behavior
Fierce completion from domestic retailers
These problems can be allayed by the fact that the governments in this region are opening the markets to companies from abroad. Policies are being changed by the governments to attract more investment. Also, they are implementing new projects to help the infrastructure to support the supply chain.
The high growth segments in this region are consumer durables, food & beverage industry, and apparel. The changing lifestyles and the consequent dependence of consumers on processed, packaged, and pre-cooked food are increasing the sales of flexible packaging. Rigid packaging in all its formats (bottles, cans, tins, glass, and plastic containers) is visibly giving way to flexible packaging due to its convenient format, light weight, superior barrier properties, prudent use of material resources, and high-quality printability.
Plastic is the most widely used material in the flexible packaging industry and recent material innovations have even made plastic recyclable, thus cementing its place as the leader in flexible packaging. Metallic packages have huge potential to grow but high costs have hindered their full-scale production.
The report provides a comprehensive analysis of the market segmented on the basis of packaging material used and the end-user industry. Detailed estimates for the next five years are included along with the analysis of the major players and their strategies.
Some of the key vendors mentioned in the report are:
- Paharpur 3P
The report gives complete market insights, driving forces of the market, challenges the market faces
It gives market trends by type of flexible packaging technology and applications
The report also gives information on major vendors of flexible packaging products, their existing share in the market, strategies they adopt along with the major products, financials, recent developments, and profiles of these vendors
Who is this report useful to?
Vendors who are into manufacturing of these products as they can get an overview of what competitors are doing and also which markets they can look forward to expanding their operations
Processed food suppliers in need of better understanding of different technologies and products
Investors who are willing to invest in this market
Consultants who can have readymade analysis to guide their clients
Anyone who wants to know more about this market
1.1 Key deliverables of the study
1.2 Study assumptions
1.3 Key findings
1.4 Market definition
2. Research methodology
3. Executive summary
4. Market dynamics
4.2 Factors driving the market
4.3 Factors restraining the market
4.4 Current opportunities in the market
4.5 Industry value chain analysis
4.6 Porter's five forces analysis
4.6.1 Industry competition
4.6.2 Potential of new entrants
4.6.3 Power of suppliers
4.6.4 Power of customers
4.6.5 Threat of substitute products
4.7 Industry policies
5. Technology Snapshot
6. Market segmentation
6.1 By Product Type
6.1.1 Stand-up pouches
6.1.2 Flat pouches
6.1.3 Retort pouches
6.1.4 Gusseted bags
6.1.5 Wicketed Bags
6.2 By Printing Technology
6.3 By Packaging Material
6.3.2 Flexible foams
6.3.3 Paper products
6.3.4 Metallic packaging
6.3.5 Cloth packaging
6.4 By End-User Industry
6.4.5 Personal care
6.4.6 Household care
6.5 By country
7. Vendor market share analysis
8. Competitive intelligence- Company profiles
8.2 Mondi Group
8.3 SIT Group
8.4 Wipak Group
8.5 Automated Packaging Systems
8.6 Fres-co System USA
8.7 Glenroy Inc.
8.8 Innovia Films
8.9 OxySense, Inc.
8.10 Phoenix Closures
8.11 Printpack, Inc.
8.12 Belmark, Inc.
8.13 JL Packaging Corporation
8.14 Oracle Packaging
8.15 Prolamina Corporation
8.16 The Challengers
8.16.1 Rollprint Packaging Products, Inc.
8.16.2 Paharpur 3P
8.16.3 PERUPLAST S.A.
8.16.4 CL&D Graphics, Inc.
8.16.5 Clear Lam Packaging, Inc.
9. Investment analysis
9.1 Recent mergers and acquisitions
9.2 Investment outlook
10. Future of flexible packaging