Asia-Pacific consumer packaging market is estimated to grow at a CAGR of 7.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the production of food and beverage and pharmaceuticals in the region. The rising demand for processed food is one of the major causes that accelerates the demand for packaging solutions in the region. As per the India Brand Equity Foundation (IBEF), the Indian food and grocery market are the sixth-largest across the globe, with retail accounting for 70% of the sales. The Indian food processing industry held 32% of India’s total food market. Food processing contributes nearly 13% of the country’s exports and 6% of total industrial investment.

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In India, the online food ordering business is in its nascent stage, however, seeing exponential growth. The presence of online food delivery players such as TinyOwl, Swiggy, FoodPanda, and Zomato, are creating scale through partnerships. The organized food business has a huge potential and a promising future. The online food delivery industry increased at 150% year-on-year with an estimated Gross Merchandise Value (GMV) of $300 million in 2016. The increasing online food delivery business and food processing industry is contributing to the demand for sustainable packaging based on aluminum and paper in the country. Further, the expansion of pharmaceutical manufacturing in China and India has witnessed over the years, coupled with the cost-effective production and availability of raw material. This, in turn, is leading to increasing demand for pharmaceutical packaging in these countries.

Some key players in the market include Amcor plc, Essel Propack Ltd., Oji Holdings Corp., Tetra Pak International S.A., and Constantia Flexibles Group GmbH. The market players are adopting some key strategies including mergers and acquisitions, product launches, and partnerships and collaboration, to expand market share. For instance, in April 2018, Constantia Flexibles Group acquired Creative Polypack Ltd. Creative Polypack develops film-based flexible packaging for the home & personal care (HPC) and food industries and paper-based soap wrappers. The company provides service to the local and global consumer goods companies in India. After the acquisition of Creative Polypack, Constantia became the third largest flexible packaging company in India.

Research Methodology

The market study of the Asia-Pacific consumer packaging market is incorporated by extensive primary and secondary research conducted by the research team. 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. Our 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 our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our 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 on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Consumer Packaging Market Research and Analysis by Material
2. Asia-Pacific Consumer Packaging Market Research and Analysis by End-User

The Report covers:

• Comprehensive research methodology of the Asia-Pacific consumer packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• 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 consumer packaging market.
• Insights about market determinants which are stimulating the Asia-Pacific consumer packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.