The Asia Pacific food service packaging market is accounted to US$ 20,922.5 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 32,969.7 Mn by 2027.
Packaging plays an essential role in maintaining quality and keeping food safe during handling and transportation. Food service packaging offers a marketing medium to the food service providers and helps improve customer satisfaction levels as well as information transmission. Food contact materials and food packaging are essential to provide consumers in Asia Pacific with safe and nutritious food. It protects the food products from contamination caused by microorganisms, air, and moisture, and helps catalytic activity in fresh food. Food service packaging includes products such as bowls, plates, cups, clamshells, and wraps, among others. The food service packaging market serves the food service industry, consisting of offline as well as online food service stores that are serving a huge number of people in the Asia Pacific region.
Asia Pacific Food Service Packaging Market
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Market Insights
Changing customer preferences for high-quality and standard products to favor the Asia Pacific food service packaging market
Any supply chain in the market, is always influenced by various external factors including fluctuations in fuel costs, supplier/buyer relationships, consumer behavior and partner ecosystem. Designing and planning supply chains for their customers involves consistent co-ordination with other tasks such as warehousing, transporting, designing facilities, order collections, goods distribution, managing orders and also certain facets of customer service. Additionally, harmonic relations between each of the trading partner is vital for smooth operations overall. Even with the potential business benefits offered by the food service packaging companies for supply chain management, the contract based process comes under consistent scrutiny for the reason of it being outsourced and dependence on third party for business. Security of sensitive and confidential data is one of the primary reasons for the sluggish acceptance of the technology in automotive industry, which is restraining the growth of food service packaging in the current scenario.
Material Insights
The Asia Pacific food service packaging market is segmented based of material as plastic, metal, and, others. The metal segment is estimated to grow at the fastest rate in the Asia Pacific food service packaging market. The demand for metal packaging has increased in various application such as dairy products and beverage. Metal packaging products have the highest recycling rate in comparison to other competitive packaging solutions such as plastic and flexible packaging. For instance, Ball Corporation has revolutionized the aerosol can result in consumer products with its ReAl aerosol container technology, which utilizes recycled aluminum to create a metal alloy that exhibits increased strength in the container without affecting package integrity. In addition, the rise in beverage consumption has accelerated the demand for metal cans in the foodservice industry.
Packaging Type Insights
The flexible packaging type is estimated to grow at the fastest rate in the Asia Pacific food service packaging market. Flexible packaging is expected to be one of a growing packaging type of the packaging industry as the flexible packaging combines all the superior qualities of film, plastic, aluminum foil, jute bags and paper to provide a broad array of protective properties. Flexible packaging is capable of getting mold into any shape as per the food items like bag, liner, pouch, or overwrap. Flexible packaging is consumer’s popular choice as it helps in packaging the daily eatable for offices, schools, and other purposes and can be molded in whichever way required. Also, the flexible packaging helps in shipping heavy food items such as the grains, whole foods etc. Thus the need of the consumers in both domestic and commercial ways is increasing the demand for the flexible food services packaging industry.
Application Insights
The beverage segment holds the largest share in the Asia Pacific food service packaging market. The beverage sector is amongst the front-liners, where huge and significant investments are made for business expansion and technological modification. The packaging of both carbonated and non-carbonated beverages is a challenging technological branch in a food processing /packaging industry. The changing scenario of beverage industry driven by dynamic consumer preferences and endless innovations in packages has transformed the scope for packaging industry exponentially. Innovations in material-based systems on intelligent packaging for beverages is propelling the growth of beverage packing.
Rest of Asia Pacific Food Service Packaging Market by Applications
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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ASIA PACIFIC FOOD SERVICE PACKAGING MARKET SEGMENTATION
Asia Pacific Food Service Packaging Market, by Material
- Plastic
- Metal
- Others
Asia Pacific Food Service Packaging Market, by Packaging Type
- Flexible
- Rigid
Asia Pacific Food Service Packaging Market, by Application
- Beverages
- Prepared Meals
- Fruits and Vegetables
- Bakery and Confectionery
- Dairy Products
- Others
Company Profiles
- Amcor plc
- Ball Corporation
- Berry Global, Inc.
- Dow Inc.
- DS Smith PLC
- Huhtamäki Oyj.
- Reynolds Group Holding
- Sealed Air Corporation
- WestRock Company
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Packaging Type, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Food Service Packaging Market, by Material
1.3.2 Asia Pacific Food Service Packaging Market, by Packaging Type
1.3.3 Asia Pacific Food Service Packaging Market, by Application
1.3.4 Asia Pacific Asia Pacific Nutrition Lipid Market – By Country
2. Key Takeaways
2.1 Food Service Packaging Market Overview
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Food Service Packaging Market Landscape
4.1 Market Overview
4.1.1 Asia Pacific PEST Analysis
5. Asia Pacific Food Service Packaging Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Proliferation in production capacity of packaging products
5.1.2 Changing customer preferences for high-quality and standard products
5.2 Key Market Restraints
5.2.1 Complicated nature of food service packaging supply chain
5.3 Key Market Opportunities
5.3.1 Significant market attractiveness for recycling, reusable, and eco-friendly materials
5.4 Future Trend
5.4.1 Advent of smart and intelligent packaging materials in food industry
5.5 Impact Analysis Of Drivers And Restraints
6. Food service packaging – Asia Pacific Market Analysis
6.1 Asia Pacific Food service packaging Market Overview
6.2 Asia Pacific Food service packaging Market Forecast and Analysis
7. Asia Pacific Food Service Packaging Market Analysis – By Material
7.1 Overview
7.2 Asia Pacific Food Service Packaging Market Breakdown, By Material, 2018 & 2027
7.3 Plastic
7.3.1 Overview
7.3.2 Plastic Food Service Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Metal
7.4.1 Overview
7.4.2 Metal Food Service Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Other Materials Food Service Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia Pacific Food Service Packaging Market Analysis – By Packaging Type
8.1 Overview
8.1.1 Asia Pacific Food Service Packaging Market Breakdown, by Packaging Type, 2018 & 2027
8.2 Flexible
8.2.1 Overview
8.2.2 Asia Pacific Flexible Food Services Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
8.3 Rigid
8.3.1 Overview
8.3.2 Asia Pacific Rigid Food Services Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia Pacific Food Service Packaging Market Analysis – by Application
9.1 Overview
9.2 Asia Pacific Food Service Packaging Market Breakdown, by Application, 2018 & 2027
9.3 Beverages
9.3.1 Overview
9.3.2 Asia Pacific Beverage Application in Food Service Packaging Revenue and Forecasts to 2027 (US$ BN)
9.4 Prepared Meals
9.4.1 Asia Pacific Prepared Meals Application in Food Service Packaging Revenue Forecast to 2027 (US$ BN)
9.5 Fruits and Vegetables
9.5.1 Overview
9.5.2 Asia Pacific Fruits & Vegetables Application in Food Service Packaging Revenue and Forecast to 2027 (US$ BN)
9.6 Bakery and Confectionery
9.6.1 Overview
9.6.2 Asia Pacific Bakery and Confectionery Application in Food Service Packaging Revenue and Forecast to 2027 (US$ BN)
9.7 Dairy Products
9.7.1 Overview
9.7.2 Asia Pacific Dairy Products Application in Food Service Packaging Revenue and Forecast to 2027 (US$ BN)
9.8 Others
9.8.1 Overview
9.8.2 Asia Pacific Others Application in Food Service Packaging Revenue and Forecast to 2027 (US$ BN)
10. Food service packaging Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific Food service packaging Market Breakdown, by Key Countries
10.1.1.1 Australia Food Service Packaging Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.1.1 Australia Food Service Packaging Market Breakdown by Material
10.1.1.1.2 Australia Food Service Packaging Market Breakdown by Packaging Type
10.1.1.1.3 Australia Food Service Packaging Market Breakdown by Application
10.1.1.2 China Food Service Packaging Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.2.1 China Food Service Packaging Market Breakdown by Material
10.1.1.2.2 China Food Service Packaging Market Breakdown by Packaging Type
10.1.1.2.3 China Food Service Packaging Market Breakdown by Application
10.1.1.3 India Food Service Packaging Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.3.1 India Food Service Packaging Market Breakdown by Material
10.1.1.3.2 India Food Service Packaging Market Breakdown by Packaging Type
10.1.1.3.3 India Food Service Packaging Market Breakdown by Application
10.1.1.4 Japan Food Service Packaging Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.4.1 Japan Food Service Packaging Market Breakdown by Material
10.1.1.4.2 Japan Food Service Packaging Market Breakdown by Packaging Type
10.1.1.4.3 Japan Food Service Packaging Market Breakdown by Application
10.1.1.5 South Korea Food Service Packaging Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.5.1 South Korea Food Service Packaging Market Breakdown by Material
10.1.1.5.2 South Korea Food Service Packaging Market Breakdown by Packaging Type
10.1.1.5.3 South Korea Food Service Packaging Market Breakdown by Application
10.1.1.6 Rest of Asia Pacific Food Service Packaging Market Revenue and Forecast to 2027 (US$ MN)
10.1.1.6.1 Rest of Asia Pacific Food Service Packaging Market Breakdown by Material
10.1.1.6.2 Rest of Asia Pacific Food Service Packaging Market Breakdown by Packaging Type
10.1.1.6.3 Rest of Asia Pacific Food Service Packaging Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Product news
11.3 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 Ball Corporation
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 Berry Global, Inc.
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
12.4 Dow Inc.
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 DS Smith PLC
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
12.6 Huhtamäki Oyj.
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 Reynolds Group Holding
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
12.8 Sealed Air Corporation
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 WestRock Company
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
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Food service packaging Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Australia Food Service Packaging Market Revenue and Forecasts to 2027 – by Material (US$ Mn)
Table 3. Australia Food Service Packaging Market Revenue and Forecasts to 2027 – by Packaging Type (US$ Mn)
Table 4. Australia Food Service Packaging Market Revenue and Forecasts to 2027 – by Application (US$ Mn)
Table 5. China Food Service Packaging Market Revenue and Forecasts to 2027 – by Material (US$ Mn)
Table 6. China Food Service Packaging Market Revenue and Forecasts to 2027 – by Packaging Type (US$ Mn)
Table 7. China Food Service Packaging Market Revenue and Forecasts to 2027 – by Application(US$ Mn)
Table 8. India Food Service Packaging Market Revenue and Forecasts to 2027 – by Material (US$ Mn)
Table 9. India Food Service Packaging Market Revenue and Forecasts to 2027 – by Packaging Type (US$ Mn)
Table 10. India Food Service Packaging Market Revenue and Forecasts to 2027 – by Application (US$ Mn)
Table 11. Japan Food Service Packaging Market Revenue and Forecasts to 2027 – by Material (US$ Mn)
Table 12. Japan Food Service Packaging Market Revenue and Forecasts to 2027 – by Packaging Type (US$ Mn)
Table 13. Japan Food Service Packaging Market Revenue and Forecasts to 2027 – by Application (US$ Mn)
Table 14. South Korea Food Service Packaging Market Revenue and Forecasts to 2027 – by Material (US$ Mn)
Table 15. South Korea Food Service Packaging Market Revenue and Forecasts to 2027 – by Packaging Type (US$ Mn)
Table 16. South Korea Food Service Packaging Market Revenue and Forecasts to 2027 – by Application (US$ Mn)
Table 17. Rest of Asia Pacific Food Service Packaging Market Revenue and Forecasts to 2027 – by Material (US$ Mn)
Table 18. Rest of Asia Pacific Food Service Packaging Market Revenue and Forecasts to 2027 – by Packaging Type (US$ Mn)
Table 19. Rest of Asia Pacific Food Service Packaging Market Revenue and Forecasts to 2027 – by Application (US$ Mn)
Table 20. Glossary of Terms, Asia Pacific Food service packagings Market
LIST OF FIGURES
Figure 1. Asia Pacific Food Service Packaging Market Segmentations
Figure 2. Asia Pacific Food Service Packaging Market Segmentation – By Country
Figure 3. Asia Pacific Food Service Packaging Market Overview
Figure 4. Beverages Held Largest Share In The Asia Pacific Food Service Packaging Market By Application
Figure 5. China Dominated The Asia Pacific Food Service Packaging Market In 2018
Figure 6. Asia Pacific Food Service Packaging Market, Industry Landscape
Figure 7. Asia Pacific – Pest Analysis
Figure 8. Food Service Packaging Market Impact Analysis of Driver and Restraints
Figure 9. Asia Pacific Food service packaging Market Forecast And Analysis, (US$ Mn)
Figure 10. Asia Pacific Food service packaging Market Breakdown By Material, 2018 & 2027 (%)
Figure 11. Plastic Food Service Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Metal Food Service Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Other Materials Food Service Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia Pacific Food Service Packaging Market Breakdown by Packaging Type, 2018 & 2027 (%)
Figure 15. Asia Pacific Flexible Food Services Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia Pacific Rigid Food Services Packaging Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Asia Pacific Food Service Packaging Market Breakdown by Application, by Value, 2018 & 2027 (%)
Figure 18. Asia Pacific Beverage Application in Food Service Packaging Market, Revenue and Forecast, 2017-2027 (US$ BN)
Figure 19. Asia Pacific Prepared Meals Application in Food Service Packaging Revenue Forecast to 2027 (US$ BN)
Figure 20. Asia Pacific Fruits & Vegetables Application in Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)
Figure 21. Asia Pacific Bakery and Confectionery Application in Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)
Figure 22. Asia Pacific Dairy Products Application in Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)
Figure 23. Asia Pacific Others Application in Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)
Figure 24. Asia Pacific Food service packaging Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 25. Australia Food Service Packaging Market Forecasts to 2027 (US$ Mn)
Figure 26. China Food Service Packaging Market Forecasts to 2027 (US$ Mn)
Figure 27. India Food Service Packaging Market Forecasts to 2027 (US$ Mn)
Figure 28. Japan Food Service Packaging Market Forecasts to 2027 (US$ Mn)
Figure 29. South Korea Food Service Packaging Market Forecasts to 2027 (US$ Mn)
Figure 30. Rest of Asia Pacific Food Service Packaging Market Forecasts to 2027 (US$ Mn)
The List of Companies - Asia Pacific Food Service Packaging Market
- Amcor plc
- Ball Corporation
- Berry Global, Inc.
- Dow Inc.
- DS Smith PLC
- Huhtamäki Oyj.
- Reynolds Group Holding
- Sealed Air Corporation
- WestRock Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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