Asia Pacific Packaging Materials Market
Asia-Pacific packaging materials market is expected to reach USD 451.01 billion by 2031 from USD 338.74 billion in 2023, growing with a CAGR of 3.72% in the forecast period of 2024 to 2031.
Market Segmentation:Asia-Pacific Packaging Materials Market By Material Type (Plastic, Paper & Cardboard, Metal, Glass, Wood, Textile, and Others), Product (Corrugated Boxes, Bottles & Cans, Containers & Jars, Bags, Pouches & Wraps, Films, Boxes & Crates, Flexible Pouches, Blister Packaging, Clamshells, Shrink Film Tubing, Closures & Lids, Strapping, Polybags, Drums & IBC, Roll Bags, Carded Packaging, Shrink Bands, and Others), Material Form (Flexible and Rigid), Packaging Type (Primary Packaging, Secondary Packaging, and Tertiary Packaging), End-Use (Food & Beverage, Personal Care & Cosmetics, Medical, Electrical & Electronics, Homecare, Chemicals, Industrial Packaging, Agriculture, and Others), Countries (China, Japan, India, South Korea, Indonesia, Thailand, Malaysia, Philippines, Singapore, Australia, New Zealand, Rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of the Asia-Pacific Packaging Materials Market:Driver
• Positive outlook towards packaged foods and beverages
Restraint
• Fluctuation in raw material prices
Opportunity
• Development of smart packaging
Market Players:
The key players operating in the Asia-Pacific packaging materials market are:
• Exxon Mobil Corporation
• Amcor plc
• Novelis
• INEOS
• Dow
• Stora Enso
• SABIC
• International Paper
• WestRock Company
• DS Smith
• Braskem
• Tata Steel
• NIPPON STEEL CORPORATION
• LyondellBasell Industries Holdings B.V.
• ArcelorMittal
• UPM
• Chevron Phillips Chemical Company LLC
• Oji Holdings Corporation
• Mondi
• NIPPON PAPER INDUSTRIES CO., LTD.
• Formosa Plastics Corporation, U.S.A.
• ProAmpac
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