Asia-Pacific Eco-Friendly Packaging Market, By Type (Recycled Content Packaging, Reusable Packaging, and Degradable Packaging), Material Type (Paper & Paper Board, Plastic, Metal, Glass, Starch-Based Materials, and Others), Product Type (Bags, Pouches & Sachets, Boxes, Containers, Films, Trays, Tubes, Bottles & Jars, Cans, and Others), Technique (Active Packaging, Molded Packaging, Alternate Fiber Packaging, and Others), Layer (Primary Packaging, Secondary Packaging, and Tertiary Packaging), Application (Food, Beverages, Pharmaceutical, Personal Care, Home Care, and Others), Country (Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Market Analysis and Insights: Asia-Pacific Eco-Friendly Packaging Market
The Asia-Pacific eco-friendly packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 4.7% in the forecast period of 2022 to 2029 and is expected to reach USD 98,839.03 million by 2029.
Eco-friendly packaging is easy to recycle, safe for individuals and the environment, and is made out of recycled materials. It uses materials and manufacturing practices with minimal impact on energy consumption and natural resources. Consumers are increasingly concerned about the environmental consequences of packaging. Businesses are under pressure from consumers and governments to use eco-friendly packaging for their products.
Eco-friendly packaging solutions aim to: lessen the amount of product packaging, promote the use of renewable/reusable materials, cut back on packaging-related expenses, eliminate the use of toxic materials in the production of packaging and provide options to recycle packaging easily.
- In the Asia-Pacific region, many countries have banned single-use plastic and instead are switching to utilized eco-friendly packaging products, which may propel the market. Fluctuation in raw material prices impacts the manufacturing pockets and can restrain the market. Incorporating innovations in packaging products can be an opportunity for eco-friendly packaging in the market. But lack of infrastructure for recycling processes can be a challenge in the Asia-Pacific eco-friendly packaging market.
This Asia-Pacific eco-friendly packaging market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Eco-Friendly Packaging Market Scope and Market Size
The Asia-Pacific eco-friendly packaging market is segmented based on type, material type, product type, technique, layer, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target market.
- On the basis of type, the Asia-Pacific eco-friendly packaging market is segmented into recycled content packaging, reusable packaging, and degradable packaging. In 2022, the reusable packaging segment is expected to dominate with a rise in the use of containers in the pharmaceuticals industry.
- On the basis of material type, the Asia-Pacific eco-friendly packaging market is segmented into paper & paper board, plastic, metal, glass, starch-based materials, and others. In 2022, the paper & paper board segment is expected to dominate with the rise in demand for paper & paper boards for the packaging of liquid solutions.
- On the basis of product type, the Asia-Pacific eco-friendly packaging market is segmented into bags, pouches & sachets, boxes, containers, films, trays, tubes, bottles & jars, cans, and others. In 2022, the boxes segment is expected to dominate due to a rise in demand in various industries such as food and beverages, pharmaceuticals, the home care industry, and others.
- On the basis of technique, the Asia-Pacific eco-friendly packaging market is segmented into alternate fiber packaging, molded packaging, active packaging, and others. In 2022, the alternate fiber packaging segment is expected to dominate due to its cost-cutting technique, which helps to save the expenditure.
- On the basis of layer, the Asia-Pacific eco-friendly packaging market is segmented into primary packaging, secondary packaging, and tertiary packaging. In 2022, the primary packaging is expected to dominate as it protects from external damage and saves products for a longer period.
- On the basis of application, the Asia-Pacific eco-friendly packaging market is segmented into food, beverages, pharmaceutical, personal care, home care, and others. In 2022, the food segment is expected to dominate as the food industry is growing in China, India, Japan, and many countries have increased the demand for food products.
Asia-Pacific Eco-Friendly Packaging Market Country Level Analysis
The Asia-Pacific eco-friendly packaging market is analyzed, and market size information is provided by country, type, material type, product type, technique, layer, and application.
The countries covered in the Asia-Pacific eco-friendly packaging market report are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, and the Rest of Asia-Pacific. In the Asia-Pacific region, China is expected to dominate the market due to the easy availability of raw materials. India and Japan have a huge growth in various industries such as food and beverages, pharmaceuticals, home care, and others.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Asia-Pacific Eco-Friendly Packaging Market
The Asia-Pacific eco-friendly packaging market also provides you with detailed market analysis for every country's growth in an installed base of different kinds of products for the eco-friendly packaging market, the impact of technology using lifeline curves, changes in infant formula regulatory scenarios, and their impact on the eco-friendly packaging market. The data is available for the historical period 2011 to 2019.
Competitive Landscape and Asia-Pacific Eco-Friendly Packaging Market Share Analysis
The Asia-Pacific eco-friendly packaging market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to the Asia-Pacific eco-friendly packaging market.
Some of the major players covered in the Asia-Pacific eco-friendly packaging market are Tetra Pak, Amcor plc, WestRock Company, Crown Holdings, Inc., Mondi, Sealed Air, DS Smith, Ball Corporation, Sonoco Products Company, Pactiv Evergreen Inc., Plastipak Holdings, Inc., Huhtamaki, Berry Global Inc., Elopak, UFlex Limited, Nampak Ltd., Printpack, and other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In September 2020, Berry Global Group, Inc. announced that it has partnered with Bhoomi to launch a 100% sugarcane-based bottle for their cold-pressed cane water elixir. This partnership will help the company to serve more customers
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