Asia-Pacific Hot Fill Packaging Market, By Product Type (Bottles, Jars, Containers, Pouches, Cans, Caps & Closures, and Others), Material Type (Polyethylene Terephthalate (PET), Glass, Polypropylene, Others), Packaging Layer (Primary, Secondary, and Tertiary), Capacity (Up to 12 oz, 13 oz- 32 oz, 33 oz- 64 oz, Above 64 oz), Machine Type (Manual, Automatic), End-Use (Sauces & Spreads, Fruit Juices, Vegetable Juices, Jams, Mayonnaise, Flavored Water, Ready To Drink Beverages, Soups, Dairy, Nectars, and Others), Distribution Channel (Offline, Online), Country (China, India, Japan, Australia, New Zealand, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Asia-Pacific Hot Fill Packaging Market
Asia-Pacific hot fill packaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.3% in the forecast period of 2021 to 2028 and is expected to reach USD 81,700.24 million by 2028 from USD 58,906.88 million in 2020.
Hot fill packaging is the procedure of disinfecting/sterilizing the product to prolong the shelf-life, ensuring the product’s safety. With the process of hot filling, harmful bacteria in the bottle can contaminate or damage the product, making it rather unsafe and harmful to consume and affecting the health of individuals. The liquid is heated to a temperature of 194 degrees Fahrenheit to eliminate contamination and create a hot fill plastic bottle. Hot filling is a procedure that is done with glass or other types of rigid plastics, which can withstand the high temperature required to thoroughly sterilize the bottle, containing <4.5 pH products like isotonic drinks, soups, marinades, juices, among others.
The increase in demand among consumers for preservative-free products, rising health awareness, and low cost of hot fill packaging are some of the key factors that are expected to drive the Asia-Pacific hot fill packaging market. However, high energy consumption for hot fill packaging and high capital expenditure required to install hot fill packaging systems may hamper the growth of the market.
- In addition, recent innovations and new product launches, the increase in cases of food contamination, costs, and other advantages provided by hot-fill packaging are expected to create huge opportunities for the Asia-Pacific hot fill packaging market. Availability of alternatives in the market and supply chain disruption due to COVID-19 may challenge the market.
The Asia-Pacific hot fill packaging market report provides details of market share, new developments, and 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 Asia-Pacific hot fill packaging market scenario, contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Hot Fill Packaging Market Scope and Market Size
Asia-Pacific hot fill packaging market is segmented into seven segments based on product type, material type, packaging layer, capacity, machine type, end user, distribution channel. 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 markets.
- On the basis of product type, the Asia-Pacific hot fill packaging market is segmented into bottles, jars, containers, pouches, cans, caps & closures, and others. In 2021, the bottle segment is expected to dominate the market due to the high production quantity and ease of use of bottle packaging.
- On the basis of material type, the Asia-Pacific hot fill packaging market is segmented into polyethylene terephthalate (PET), glass, polypropylene, and others. In 2021, the polyethylene terephthalate (PET) segment is expected to dominate the market as it is an affordable and preferred packaging material for food and beverages.
- On the basis of the packaging layer, the Asia-Pacific hot fill packaging market is segmented into primary, secondary, and tertiary. In 2021, the primary segment is expected to dominate the market due to consumers showcasing keen interest in the size of the product’s packaging due to its affordability.
- On the basis of capacity, the Asia-Pacific hot fill packaging market is segmented into up to 12 oz, 13 oz- 32 oz, 33 oz- 64 oz, above 64 oz. In 2021, the 13 oz- 32 oz segment is expected to dominate the market due to the inclination of consumers towards this packaging size.
- On the basis of machine type, the Asia-Pacific hot fill packaging market is segmented manual and automatic. In 2021, the automatic segment is expected to dominate the market, enable the mass production of packaging and reduces to chances of contamination through human contact.
- On the basis of end-use, the Asia-Pacific hot fill packaging market is segmented into sauces & spreads, fruit juices, vegetable juices, jams, mayonnaise, flavored water, ready to drink beverages, soups, dairy, nectars, and others. In 2021, the fruit juice segment is expected to dominate the market as hot fill packaging in fruit juices reduces the chances of microbial contamination.
- On the basis of distribution channel, the Asia-Pacific hot fill packaging market is segmented into offline and online. In 2021, the offline segment is expected to dominate the market due to the vast reach of the offline channel.
Asia-Pacific Hot Fill Packaging Market Country Level Analysis
Asia-Pacific hot fill packaging market is analyzed, and market size information is provided by the country, product type, material type, packaging layer, capacity, machine type, end user, distribution channel as referenced above.
- On the basis of geography, the Asia-Pacific hot fill packaging market is segmented into China, India, Japan, Australia, New Zealand, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, and the Rest of Asia-Pacific. In 2021, China is expected to dominate the market due to the high demand for various beverages, sauces & spreads.
China is expected to grow in the Asia-Pacific hot fill packaging market. The product type segment is projected to dominate due to the increased demand for hot fill packaging in the region.
The machine type segment in India is expected to dominate the market owing to the increasing demand among customers for preservative-free products. Japan is expected to lead the growth of the Asia-Pacific hot fill packaging market due to the increasing awareness about food safety and the urge to eat clean food in the country.
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.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for hot fill packaging is Boosting the Market Growth of the Asia-Pacific Hot Fill Packaging Market
Asia-Pacific hot fill packaging market also provides you with a detailed market analysis for every country’s growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Asia-Pacific Hot Fill Packaging Market Share Analysis
Asia-Pacific hot fill 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, production sites and facilities, company strengths and weaknesses, product launch, 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 Asia-Pacific hot fill packaging market.
Some of the major players operating in the Asia-Pacific hot fill packaging market are Berry Global Inc., DS Smith, Samkin Industries, SAMYANG PACKAGING CORPORATION, Klöckner Pentaplast, Amcor plc, SMYPC, Borealis AG, LOG Plastic Products Company Ltd., among others, domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many developments are also initiated by the companies worldwide, accelerating the Asia-Pacific hot fill packaging market.
For instance,
- In March 2021, Amcor plc partnered with End Plastic Waste, an international non-profit organization. This partnership helped the company join with the five other packaging companies, thereby attracting a larger consumer base
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player enhance the company's footprints in the Asia-Pacific hot fill packaging market, which also benefits the organization’s profit growth.
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