Asia-Pacific Packaging Industry Market 2020-2026

Asia-Pacific Packaging Industry Market Size, Share & Trends Analysis Report by Material Type (Plastic, Metal, Paper, Glass) By End-User Vertical (Food, Beverage, Healthcare, Cosmetics & Personal Care, Industrial, Others (Household Items)) Forecast Period (2020-2026).

The Asia-Pacific packaging industry market is anticipated to at a CAGR of 4.5% during the forecast period. Rising population, rising disposable income, rise in demand for attractively packaged materials are among the major motivators for the growth of the packaging industry market across the region. Along with this, the considerable presence of end-user industry verticals in the region such as the food industry, pharmaceutical industry, healthcare industry, and cosmetics industry in the region is further aiding to the regional market growth.

India & China are the major contributors to the high growth of the regional market. According to the Indian Brand Equity Federation, India is the largest provider of generic drugs across the globe. Indian pharmaceutical sector supplies over 50 percent of global demand for various vaccines, 40% of generic demand in the US, and 25% of all medicine in the UK. With the growing pharmaceutical industry, the country’s pharmaceutical packaging industry will be increased which in turn will drive the packaging industry market in the region.

The packaging industry market is segmented on the basis of material type and end-user vertical. Based on the material type, the packaging industry market is segmented into plastic, metal, paper, and glass. Based on end-user vertical, the market is segmented into food, beverage, healthcare, cosmetics & personal care, industrial, and others (household items). Food packaging is anticipated to hold major market share based on end-user vertical. The increase in consumer awareness related to the intake of packaged food items due to health safety concerns is a major aspect driving the food packaging segment during the forecast period.

GPA global, Amcor Ltd., Essel Propack Ltd, Shanghai Forests Packaging Group Co., Ltd., WestRock India Pvt. Ltd., Ester Industries Ltd, Kapco Packaging., OJI India Packaging Pvt. Ltd. among others are the key players operating in the Asia-Pacific packaging industry. The presence of key market players in the region along with their motive to produce high-end packaging solutions is a key factor contributing to the high share of the market in the region. These players operating in the market are adopting several innovative packaging technologies to thrive in the market place.

Research Methodology:

The market study of the Asia-Pacific packaging industry market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Asia-Pacific Packaging Industry Market Research and Analysis by Material Type
2. Asia-Pacific Packaging Industry Market Research and Analysis by End-User Vertical

The Report Covers:

• Comprehensive research methodology of the Asia-Pacific packaging industry market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific packaging industry market.
• Insights about market determinants which are stimulating the Asia-Pacific packaging industry market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.