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Asia Pacific Food Packaging Market Share

Report ID: GMI4440
Published Date: Nov 2019
Report Format: PDF

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Asia Pacific Food Packaging Market Share

The Asia Pacific food packaging market share is competitive in nature due to the presence of a few medium & large industry players operating in the comprehensive market. Several multinational corporations hold a significant share in the market. However, the majority of the market share is highly fragmented among the regional & small-scale manufacturers. For instance, in October 2018, Mondi PLC. introduced an innovative sustainable solution along with the next generation Bag-in-Box technical films for fruit juice, wine, or dairy products.

Mondi PLC
Amcor PLC
Berry Global Group, Inc.
Crown Holding Inc
Ball Corporation
Sealed Air Corporation
Constantia Flexibles
Plastipak Packaging Inc
Sonoco Products Company

are some of the major revenue contributors in the overall market.

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

The valuation of asia pacific food packaging market in the year 2018 was USD 125 billion.

The overall asia pacific food packaging market is anticipated to record a crcr of 4.5% through 2025

According to this report, plastic dominates the revenue segment with the market share of more than 50% in 2018 due to its durability, flexibility and ability to resist external influences that makes it favorable for food packing.

Virgin food packaging is expected to account for more than 70% volume share in the coming years, says a report by GMI.

Retort packaging is the fastest growing packaging technology owing to low manufacturing cost that uses laminates of flexible plastic and metal foils. The retort packaging accounts for over USD 8 billion of the overall revenue in 2018.

Report estimates, China is the largest market for food packing that accounts for nearly 50% of share in the regional market.