The Asia Pacific Rigid Trays Packaging Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Rigid Trays Packaging Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15,816.5 Million by 2031. The Japan market is registering a CAGR of 5.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.3% during (2024 - 2031).
The quality and safety of food are becoming increasingly important as the food and beverage industry expands in emerging markets. Governments and regulatory bodies are implementing stricter food safety standards, necessitating high-quality packaging materials. Rigid trays are well-suited to meet these regulatory requirements with robust barrier properties. For instance, the European Food Safety Authority (EFSA) and the U.S. Food and Drug Administration (FDA) have rigorous regulations regarding food packaging materials to prevent contamination or degradation of the food. Rigid trays, often made from food-grade plastics or other approved materials, comply with these regulations, making them a preferred choice for manufacturers.
There is a significant aspect that is contributing to this tendency, and that is the increased awareness of the environmental effects that result from plastic waste. According to a report published by the Ellen MacArthur Foundation, the oceans may contain more plastic than fish by 2050 if the current levels of consumption and disposal persist. Such alarming statistics have spurred consumers to rethink their packaging choices, favoring options that contribute less to environmental degradation. This has led to a growing demand for recyclable and biodegradable packaging materials that can mitigate the adverse effects of plastic pollution.
In Japan, the aging population and increasing demand for convenience foods significantly influence the demand for rigid tray packaging. According to the Statistics Bureau of Japan, more than 28% of the population is 65 and older, making Japan one of the most aged societies. This demographic trend increases the demand for easy-to-use and reliable packaging solutions, particularly for pre-packaged meals and healthcare products. Rigid trays provide the necessary durability and protection for these products, catering to the needs of elderly consumers and the convenience food sector. Therefore, all these elements will aid in the expansion of the market.
Free Valuable Insights: The Global Rigid Trays Packaging Market is Predict to reach USD 126.7 Billion by 2031, at a CAGR of 5.2%
Based on Application, the market is segmented into Food & Beverage, Pharmaceutical, and Others. Based on Material, the market is segmented into Plastic, Paperboard, Metal, and Glass. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Placon Corporation
- Tekni-Plex Inc.
- Berry Global Group
- Sonoco Products Company
- Amcor Plc
- DS Smith Plc
- Genpak, LLC (Great Pacific Enterprises, Inc.)
- Dart Container Corporation
- Anchor Packaging LLC
- Winpak Ltd. (Wihuri International Oy)
Asia Pacific Rigid Trays Packaging Market Report Segmentation
By Application
- Food & Beverage
- Pharmaceutical
- Others
By Material
- Plastic
- Paperboard
- Metal
- Glass
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Rigid Trays Packaging Market, by Application
1.4.2 Asia Pacific Rigid Trays Packaging Market, by Material
1.4.3 Asia Pacific Rigid Trays Packaging Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Rigid Trays Packaging Market, by Application
4.1 Asia Pacific Food & Beverage Market, by Country
4.2 Asia Pacific Pharmaceutical Market, by Country
4.3 Asia Pacific Others Market, by Country
Chapter 5. Asia Pacific Rigid Trays Packaging Market, by Material
5.1 Asia Pacific Plastic Market, by Country
5.2 Asia Pacific Paperboard Market, by Country
5.3 Asia Pacific Metal Market, by Country
5.4 Asia Pacific Glass Market, by Country
Chapter 6. Asia Pacific Rigid Trays Packaging Market, by Country
6.1 China Rigid Trays Packaging Market
6.1.1 China Rigid Trays Packaging Market, by Application
6.1.2 China Rigid Trays Packaging Market, by Material
6.2 Japan Rigid Trays Packaging Market
6.2.1 Japan Rigid Trays Packaging Market, by Application
6.2.2 Japan Rigid Trays Packaging Market, by Material
6.3 India Rigid Trays Packaging Market
6.3.1 India Rigid Trays Packaging Market, by Application
6.3.2 India Rigid Trays Packaging Market, by Material
6.4 South Korea Rigid Trays Packaging Market
6.4.1 South Korea Rigid Trays Packaging Market, by Application
6.4.2 South Korea Rigid Trays Packaging Market, by Material
6.5 Singapore Rigid Trays Packaging Market
6.5.1 Singapore Rigid Trays Packaging Market, by Application
6.5.2 Singapore Rigid Trays Packaging Market, by Material
6.6 Malaysia Rigid Trays Packaging Market
6.6.1 Malaysia Rigid Trays Packaging Market, by Application
6.6.2 Malaysia Rigid Trays Packaging Market, by Material
6.7 Rest of Asia Pacific Rigid Trays Packaging Market
6.7.1 Rest of Asia Pacific Rigid Trays Packaging Market, by Application
6.7.2 Rest of Asia Pacific Rigid Trays Packaging Market, by Material
Chapter 7. Company Profiles
7.1 Placon Corporation
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Tekni-Plex Inc.
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Product Launches and Product Expansions:
7.2.3 SWOT Analysis
7.3 Berry Global Group, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Sonoco Products Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Amcor Plc
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 DS Smith Plc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 SWOT Analysis
7.7 Genpak, LLC (Great Pacific Enterprises, Inc.)
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Dart Container Corporation
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Anchor Packaging LLC
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Winpak Ltd. (Wihuri International Oy)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis
TABLE 1 Asia Pacific Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 4 Asia Pacific Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 5 Asia Pacific Food & Beverage Market, by Country, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Food & Beverage Market, by Country, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Pharmaceutical Market, by Country, 2020 - 2023, USD Million
TABLE 8 Asia Pacific Pharmaceutical Market, by Country, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Others Market, by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Others Market, by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 12 Asia Pacific Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 13 Asia Pacific Plastic Market, by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Plastic Market, by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Paperboard Market, by Country, 2020 - 2023, USD Million
TABLE 16 Asia Pacific Paperboard Market, by Country, 2024 - 2031, USD Million
TABLE 17 Asia Pacific Metal Market, by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Metal Market, by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Glass Market, by Country, 2020 - 2023, USD Million
TABLE 20 Asia Pacific Glass Market, by Country, 2024 - 2031, USD Million
TABLE 21 Asia Pacific Rigid Trays Packaging Market, by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Rigid Trays Packaging Market, by Country, 2024 - 2031, USD Million
TABLE 23 China Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 24 China Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 25 China Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 26 China Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 27 China Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 28 China Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 29 Japan Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 30 Japan Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 31 Japan Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 32 Japan Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 33 Japan Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 34 Japan Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 35 India Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 36 India Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 37 India Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 38 India Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 39 India Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 40 India Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 41 South Korea Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 42 South Korea Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 43 South Korea Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 44 South Korea Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 45 South Korea Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 46 South Korea Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 47 Singapore Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 48 Singapore Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 49 Singapore Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 50 Singapore Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 51 Singapore Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 52 Singapore Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 53 Malaysia Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 54 Malaysia Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 55 Malaysia Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 56 Malaysia Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 57 Malaysia Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 58 Malaysia Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 59 Rest of Asia Pacific Rigid Trays Packaging Market, 2020 - 2023, USD Million
TABLE 60 Rest of Asia Pacific Rigid Trays Packaging Market, 2024 - 2031, USD Million
TABLE 61 Rest of Asia Pacific Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
TABLE 62 Rest of Asia Pacific Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
TABLE 63 Rest of Asia Pacific Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
TABLE 64 Rest of Asia Pacific Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
TABLE 65 Key Information – Placon Corporation
TABLE 66 Key Information – Tekni-Plex Inc.
TABLE 67 Key Information – Berry Global Group, Inc.
TABLE 68 Key Information – Sonoco Products Company
TABLE 69 Key Information – Amcor Plc
TABLE 70 Key Information – DS Smith Plc
TABLE 71 Key Information –Genpak, LLC
TABLE 72 Key Information – Dart Container Corporation
TABLE 73 Key Information – Anchor Packaging LLC
TABLE 74 Key Information – Winpak Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Rigid Trays Packaging Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Rigid Trays Packaging Market
FIG 4 Porter’s Five Forces Analysis – Rigid Trays Packaging Market
FIG 5 Asia Pacific Rigid Trays Packaging Market share, by Application, 2023
FIG 6 Asia Pacific Rigid Trays Packaging Market share, by Application, 2031
FIG 7 Asia Pacific Rigid Trays Packaging Market, by Application, 2020 - 2031, USD Million
FIG 8 Asia Pacific Rigid Trays Packaging Market share, by Material, 2023
FIG 9 Asia Pacific Rigid Trays Packaging Market share, by Material, 2031
FIG 10 Asia Pacific Rigid Trays Packaging Market, by Material, 2020 - 2031, USD Million
FIG 11 Asia Pacific Rigid Trays Packaging Market share, by Country, 2023
FIG 12 Asia Pacific Rigid Trays Packaging Market share, by Country, 2031
FIG 13 Asia Pacific Rigid Trays Packaging Market, by Country, 2020 - 2031, USD Million
FIG 14 Swot Analysis: Placon Corporation
FIG 15 SWOT analysis: Tekni-Plex Inc.
FIG 16 SWOT analysis: Berry Global Group, Inc.
FIG 17 SWOT analysis: Sonoco Products Company
FIG 18 SWOT analysis: Amcor Plc.
FIG 19 SWOT analysis: DS Smith PLC
FIG 20 Swot Analysis: Genpak, LLC
FIG 21 SWOT Analysis: Dart Container Corporation
FIG 22 Swot Analysis: Anchor Packaging LLC
FIG 23 SWOT analysis: Winpak Ltd.