Market by Material Type (Plastics, Aluminum Foils, Other Material Types) Product (Pouches, Rollstock, Bags, Films & Wraps, Other Products) Printing Technology (Flexography, Rotogravure, Digital Printing, Other Printing Technologies) Application (Food & Beverage, Pharmaceutical, Cosmetics & Toiletries, Other Applications) and Country Outlook | Forecast 2024-2032
Triton Market Research’s report estimates the Asia-Pacific flexible plastic packaging market to progress based on revenue at a CAGR of 4.07% during the forecast period 2024-2032.
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The flexible plastic packaging market in the Asia-Pacific region is expanding significantly due to increasing demand from sectors such as food and beverages, healthcare, and personal care. Several factors drive this growth, including rising urbanization, increased disposable incomes, and a shift toward convenient and sustainable packaging solutions. For instance, India, one of the fastest-growing markets, benefits from abundant raw materials and governmental efforts to improve packaging standards. Additionally, new regulations, such as the stricter recycled plastic standards for food packaging introduced by the Food Safety and Standards Authority of India (FSSAI), reflect a broader regional focus on sustainability and environmental impact.
Further, there is a growing demand for bakery products, candy and confections, savory snacks, and nuts and dried fruits, which is driving the need for flexible packaging. China, Japan, and India are the primary contributors to this growth. The inflow of foreign direct investment in retail has further broadened the packaging sector’s scope, attracting international companies to establish a presence in the region.Â
The countries examined in this region include:Â
China gains major market share, accounting for around $42650.06 million in 2023
Rapid urbanization and the evolving demographic landscape in China have significantly influenced the demand for flexible plastic packaging. According to the National Bureau of Statistics of China, as of 2023, approximately 66% of China’s population lives in urban areas. This urbanization trend has increased the demand for packaged foods, beverages, and other consumer goods, driving the growth of the flexible packaging market.Â
The government has implemented stringent regulations aimed at reducing the environmental impact of plastic waste. Initiatives to promote the use of biodegradable plastics and other sustainable materials are shaping the flexible plastic packaging market. The government has encouraged the production of biodegradable plastic, which is expected to rise rapidly and provide cheaper raw materials for the industry.Â
As consumers demand more ready-to-eat meals and organic products, the need for flexible packaging that can ensure product safety and extend shelf life has grown.Â
Market Forecast for South Korea
The flexible plastic packaging market in South Korea has experienced significant growth over recent years, driven by rising consumer demand for convenience and sustainability. This growth is supported by the nation’s advanced manufacturing capabilities and innovative packaging solutions. Besides, the government and industry players have undertaken various initiatives to enhance this sector. For instance, several companies are exploring biodegradable and recyclable packaging options to meet stringent environmental regulations. These efforts not only support the expansion of the flexible plastic packaging market but also align with global sustainability trends.
The market is segmented into Product, Application, Material Type, and Printing Technology. Based on product, it is branched into bags, pouches, rollstock, films & wraps, and other products.Â
Flexible plastic bags are a significant component of the market, known for their versatility, cost-effectiveness, and durability. These bags are extensively used across various industries, including food and beverage, pharmaceuticals, and retail, due to their ability to preserve product freshness, provide convenient storage, and offer customizable branding options. Innovations in material science have led to the development of eco-friendly and biodegradable options, addressing environmental concerns and regulatory pressures.Â
Contender Analysis in the Flexible Plastic Packaging Market:
Amcor Plc is a leading global packaging company specializing in solutions for food and beverage, pharmaceutical, healthcare, home and personal care, etc. The company operates in two main segments: flexible and rigid packaging. The flexibles segment provides a wide array of products, including flexible packaging, lidding films, closures, pouches, plastic bottles, jars, and specialty cartons. The company has a robust global presence, with operations in over 40 countries and 230 manufacturing sites across the Americas, Europe, and Asia-Pacific regions. It is headquartered in Victoria, Australia.Â
In May 2024, Amcor and AVON together introduced the AmPrimaâ„¢ Plus refill pouch in China for the AVON Little Black Dress classic shower gels.Â
Other major companies offering solutions in the flexible plastic packaging market include Berry Global Group Inc, Constantia Flexibles, Coveris, Glenroy Inc, Sonoco Products Company, and Mondi Group.Â
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the flexible plastic packaging market revenue growth in the Asia-Pacific and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the APAC flexible plastic packaging market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FLEXIBLE PLASTIC PACKAGING MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
ATTRACTIVENESS INDEX
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. APPLICATION
AND EFFECTIVENESS
2.5.2. COST
2.5.3. SUSTAINABILITY
2.6. SUPPLY
CHAIN ANALYSIS
2.6.1. MATERIAL
TYPE SUPPLIERS
2.6.2. MANUFACTURERS
2.6.3. DISTRIBUTORS
2.6.4. END-USER
2.7. KEY
MARKET STRATEGIES
2.7.1. COLLABORATIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. ACQUISITIONS
2.7.4. INVESTMENTS
& EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. ESCALATING
USAGE OF ECONOMICAL AND SUSTAINABLE PACKAGING
2.8.2. NEED
FOR IMPROVED SHELF LIFE
2.8.3. INCREASING
DEMAND FOR PROCESSED AND PACKAGED FOOD
2.9. MARKET
CHALLENGES
2.9.1. PROBLEMS
IN RECYCLING PLASTIC PACKAGING PRODUCTS
2.9.2. INCREASING
COST OF MATERIALS
2.9.3. HIGH
OPERATIONAL COST
2.10. MARKET
OPPORTUNITIES
2.10.1. TECHNOLOGICAL
ADVANCEMENTS IN FLEXIBLE PLASTIC PACKAGING
2.10.2. INCREASED
DEMAND FROM THE E-COMMERCE INDUSTRY
2.11. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET – BY MATERIAL TYPE
3.1. PLASTICS
3.2. ALUMINUM
FOILS
3.3. OTHER
MATERIAL TYPES
4. ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET – BY PRODUCT
4.1. POUCHES
4.2. ROLLSTOCK
4.3. BAGS
4.4. FILMS
& WRAPS
4.5. OTHER
PRODUCTS
5. ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET – BY PRINTING TECHNOLOGY
5.1. FLEXOGRAPHY
5.2. ROTOGRAVURE
5.3. DIGITAL
PRINTING
5.4. OTHER
PRINTING TECHNOLOGIES
6. ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET – BY APPLICATION
6.1. FOOD
& BEVERAGE
6.2. PHARMACEUTICAL
6.3. COSMETICS
& TOILETRIES
6.4. OTHER
APPLICATIONS
7. ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET – BY COUNTRY OUTLOOK
7.1. ASIA-PACIFIC
7.1.1. COUNTRY
ANALYSIS
7.1.1.1. CHINA
7.1.1.1.1. CHINA
FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.2. JAPAN
7.1.1.2.1. JAPAN
FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.3. INDIA
7.1.1.3.1. INDIA
FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.4. SOUTH
KOREA
7.1.1.4.1. SOUTH
KOREA FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.5. ASEAN
COUNTRIES
7.1.1.5.1. ASEAN
COUNTRIES FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.6. AUSTRALIA
& NEW ZEALAND
7.1.1.6.1. AUSTRALIA
& NEW ZEALAND FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
7.1.1.7. REST
OF ASIA-PACIFIC
7.1.1.7.1. REST
OF ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. CCL
INDUSTRIES INC
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY
STRENGTH
8.1.4. KEY
CHALLENGE
8.2. DS
SMITH
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY
STRENGTH
8.2.4. KEY
CHALLENGE
8.3. SEALED
AIR CORPORATION
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY
STRENGTH
8.3.4. KEY
CHALLENGE
8.4. BERRY
GLOBAL GROUP INC
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.4.3. KEY
STRENGTH
8.4.4. KEY
CHALLENGE
8.5. AMCOR
PLC
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.5.3. KEY
STRENGTH
8.5.4. KEY
CHALLENGE
8.6. CONSTANTIA
FLEXIBLES
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY
STRENGTH
8.6.4. KEY
CHALLENGE
8.7. SONOCO
PRODUCTS COMPANY
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY
STRENGTH
8.7.4. KEY
CHALLENGE
8.8. COVERIS
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY
STRENGTH
8.8.4. KEY
CHALLENGE
8.9. GLENROY
INC
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY
STRENGTH
8.9.4. KEY
CHALLENGE
8.10. HUHTAMAKI
OYJ
8.10.1. OVERVIEW
8.10.2. PORTFOLIO
8.10.3. KEY
STRENGTH
8.10.4. KEY
CHALLENGE
8.11. MONDI
GROUP
8.11.1. OVERVIEW
8.11.2. PORTFOLIO
8.11.3. KEY
STRENGTH
8.11.4. KEY
CHALLENGE
8.12. PROAMPAC
8.12.1. OVERVIEW
8.12.2. PORTFOLIO
8.12.3. KEY
STRENGTH
8.12.4. KEY
CHALLENGE
8.13. GRAPHIC
PACKAGING INTERNATIONAL LLC
8.13.1. OVERVIEW
8.13.2. PORTFOLIO
8.13.3. KEY
STRENGTH
8.13.4. KEY
CHALLENGE
8.14. PRINTPACK
8.14.1. OVERVIEW
8.14.2. PORTFOLIO
8.14.3. KEY
STRENGTH
8.14.4. KEY
CHALLENGE
8.15. SIGMA
PLASTICS GROUP
8.15.1. OVERVIEW
8.15.2. PORTFOLIO
8.15.3. KEY
STRENGTH
8.15.4. KEY
CHALLENGE
9. RESEARCH METHODOLOGY &
SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)
TABLE 2: REGULATORY
FRAMEWORK
TABLE 3: LIST OF
COLLABORATIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
ACQUISITIONS
TABLE 6: LIST OF
INVESTMENTS & EXPANSIONS
TABLE 7: ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET, BY MATERIAL TYPE, 2024-2032 (IN $ BILLION)
TABLE 8: ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET, BY PRODUCT, 2024-2032 (IN $ BILLION)
TABLE 9: ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET, BY PRINTING TECHNOLOGY, 2024-2032 (IN $
BILLION)
TABLE 10: ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 11: ASIA-PACIFIC
FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: SUPPLY CHAIN ANALYSIS
FIGURE 5: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY MATERIAL
TYPE, 2023 & 2032 (IN %)
FIGURE 6: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY PLASTICS,
2024-2032 (IN $ BILLION)
FIGURE 7: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY ALUMINUM
FOILS, 2024-2032 (IN $ BILLION)
FIGURE 8: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
MATERIALS, 2024-2032 (IN $ BILLION)
FIGURE 9: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY PRODUCT,
2023 & 2032 (IN %)
FIGURE 10: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY POUCHES,
2024-2032 (IN $ BILLION)
FIGURE 11: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY ROLLSTOCK,
2024-2032 (IN $ BILLION)
FIGURE 12: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY BAGS,
2024-2032 (IN $ BILLION)
FIGURE 13: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY FILMS &
WRAPS, 2024-2032 (IN $ BILLION)
FIGURE 14: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
PRODUCTS, 2024-2032 (IN $ BILLION)
FIGURE 15: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY PRINTING
TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 16: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY
FLEXOGRAPHY, 2024-2032 (IN $ BILLION)
FIGURE 17: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY
ROTOGRAVURE, 2024-2032 (IN $ BILLION)
FIGURE 18: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY DIGITAL
PRINTING, 2024-2032 (IN $ BILLION)
FIGURE 19: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
PRINTING TECHNOLOGIES, 2024-2032 (IN $ BILLION)
FIGURE 20: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY
APPLICATION, 2023 & 2032 (IN %)
FIGURE 21: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY FOOD &
BEVERAGE, 2024-2032 (IN $ BILLION)
FIGURE 22: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY
PHARMACEUTICAL, 2024-2032 (IN $ BILLION)
FIGURE 23: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY COSMETICS
& TOILETRIES, 2024-2032 (IN $ BILLION)
FIGURE 24: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY OTHER
APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 25: ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET, BY COUNTRY
OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: CHINA FLEXIBLE PLASTIC PACKAGING MARKET 2024-2032 (IN $
BILLION)
FIGURE 27: JAPAN FLEXIBLE PLASTIC PACKAGING MARKET 2024-2032 (IN $
BILLION)
FIGURE 28: INDIA FLEXIBLE PLASTIC PACKAGING MARKET 2024-2032 (IN $
BILLION)
FIGURE 29: SOUTH KOREA FLEXIBLE PLASTIC PACKAGING MARKET 2024-2032 (IN $
BILLION)
FIGURE 30: ASEAN COUNTRIES FLEXIBLE PLASTIC PACKAGING MARKET 2024-2032
(IN $ BILLION)
FIGURE 31: AUSTRALIA & NEW ZEALAND FLEXIBLE PLASTIC PACKAGING MARKET
2024-2032 (IN $ BILLION)
FIGURE 32: REST OF ASIA-PACIFIC FLEXIBLE PLASTIC PACKAGING MARKET
2024-2032 (IN $ BILLION)