The Asia Pacific Flexible Paper Packaging Market would witness market growth of 4.4% CAGR during the forecast period (2021-2027).
For packaging firms, environmentally responsible packaging solutions have become the rule rather than the exception. A paradigm shift in the packaging business has occurred as a result of significant changes in corporate standards, government policies, trade rules, and consumer preferences. Since July 2016, France has prohibited the usage of plastic bags. According to the French government, around 5 billion plastic bags are issued annually, with 12 billion used to bundle fruits and vegetables.
One of the key challenges confronting the paper packaging business is its inability to package extremely heavy materials that has led the industry to be surpassed by the metal and plastics packaging industries. Moreover, environmental risks arise from deforestation to get raw materials and the emission of dioxins during paper manufacture. As a result of these issues, the paper packaging market is slowing down.
The food industry's most valuable asset is paper packaging. It is eco-friendly and enhances consumer convenience. As a result, there is fierce rivalry in the food and beverage business among firms that supply consumers with high-quality items. Various packaging materials, such as cardboard boxes and corrugated boxes, are accessible in the market to meet a variety of packaging demands.
China, the world's leading industrial powerhouse, is transitioning to more environmentally friendly packaging processes and materials. Due to the large volume of commodities shipped out of China, this move is expected to have a considerable impact on regional market growth. In the future years, the Asia Pacific flexible packaging market will benefit from increased usage of modern technologies, as well as vigorous innovation and product development. Sacks, pockets, roll stocks and DVDs are gaining popularity as more knowledge becomes available about the benefits and viability of packaging snacks and refreshments with adaptive bundling. Furthermore, the industry is expected to increase significantly in the approaching years as a result of the growing consequences of the limited guidelines for the safe packaging of food and beverages.
The China market dominated the Asia Pacific Flexible Paper Packaging Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8,217.5 million by 2027. The Japan market is anticipated to grow at a CAGR of 3.8% during (2021 - 2027). Additionally, The India market would witness a CAGR of 5.1% during (2021 - 2027).
Based on Embellishing Type, the market is segmented into Hot Foil, Cold Foil, and Others. Based on Printing Technology, the market is segmented into Flexography, Digital Printing, Rotogravure, and Others. Based on Packaging Type, the market is segmented into Pouches, Rollstock, Shrink Sleeves, Wraps and Others. Based on Application, the market is segmented into Food & Beverages, Healthcare, Beauty & Personal Care and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Flexible Paper Packaging Market is Projected to reach USD 81 Billion by 2027, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sealed Air Corporation, Amcor Plc, Mondi Plc, Sappi Limited, DS Smith Plc, Coveris Management GmbH (Sun Capital Partners, Inc.), Sabert Corporation, Wihuri International Oy, Sonoco Products Company, and Huhtamaki Oyj.
By Embellishing Type
By Printing Technology
By Packaging Type
By Application
By Country
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