Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Flexible packaging maintains the product freshness by increasing their shelf-life and are ideal packaging materials during transportation. They are produced from materials such as polyethylene, nylon, polystyrene, and polypropylene. Some of the major end-user of flexible packaging are pharmaceuticals, food and beverages, homecare and toiletries, cosmetic and personal care, and sports goods.

Statistics:

The ASEAN flexible packaging market is estimated to account for US$ 5,146 Mn in terms of value and 1,039 kilo tons in terms of volume by the end of 2019.

Drivers:

Driver 1

Growing awareness regarding flexible packaging as a high-performance packaging solution is expected to foster the market growth of flexible packaging. The advent of flexible packaging with modified atmosphere packaging (MAP) properties that offer a high level of permeability for an atmosphere that helps in modifying the internal environment of the packages is expected to fuel the market growth of the ASEAN flexible packaging.

Driver 2

Growth in the food &beverage industry in the ASEAN countries due to increasing consumer spending is primarily fueling the market growth of ASEAN flexible packaging. The growing population coupled with the increasing population is again propelling demand for food. Moreover, rising demand for convenience food due to busy life>

Statistics:

Indonesia dominated the ASEAN flexible packaging market in 2019, accounting for 33.8% share in terms of value, followed by Thailand and Malaysia, respectively.

Figure 1. ASEAN Flexible Packaging Market, Revenue Share (%), By Country, 2019

ASEAN Flexible Packaging  | Coherent Market Insights

Market Restraints

Restraint 1

Flexible packaging is comprised of thin layers that are unable to provide proper physical protection to the products. Moreover, liquid packaged products require gentle handling as they get easily punctured which is further projected to hinder the market growth of the flexible packaging.

Restraint 2

The volatile price of raw materials used in the manufacturing of flexible packaging due to the unstable price of crude oil is expected to hamper market growth.

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ASEAN Flexible Packaging Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 5,145.0 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.7% 2027 Value Projection: US$ 7,540.2 Mn
Geographies covered:
  • Indonesia, Thailand, Malaysia, Philippines, Vietnam, Myanmar.
Segments covered:
  • By Product Type: Pouches, Bags, Films and Roll stocks, Others
  • By Layer Type: Mono-layer, Multi-layer
  • By Material Type: Polyethylene, Polypropylene, Nylon, Polystyrene, Others
  • By End-use: Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Homecare & Toiletries, Sports Goods, Others
Companies covered:

Amcor Limited,  Prepack Thailand Co., Ltd.,  Berry Plastics,  Mondi Group,  Sealed Air Corporation,  Sonoco Products Company,  Constantia Flexibles Gmbh,  and AR Packaging Group

Growth Drivers:
  • Growing awareness regarding flexible packaging as a high-performance packaging solution
  • Increasing demand from food packaging
Restraints & Challenges:
  • Volatile prices of raw materials

Market Opportunities

Figure 2. ASEAN Flexible Packaging Market – Opportunity Analysis

ASEAN Flexible Packaging  | Coherent Market Insights

Opportunity 1

Growth in the urban population in ASEAN countries due coupled with changing life>

Opportunity 2

Various manufacturers are introducing specialty packaging films in different shapes and sizes are projected to offer potential opportunities for the market for flexible packaging. The various manufacturers are also introducing flexible packaging by using seven and nine layers of co-extrusion lines in order to offer more feasibility in terms of thickness and structure with a cost-effective solution as compared to other packaging materials.

Figure 3. ASEAN Flexible Packaging Market, Revenue Share (%), By End-use, in 2019

ASEAN Flexible Packaging  | Coherent Market Insights

By end-use, ASEAN flexible packaging market is dominated by food & beverage segment, which was valued at US$ 3,377 Mn in 2019 and is forecast to reach a value of US$ 5,095.5 by 2025 at a CAGR of 5.1% between 2020 and 2027.

Market Trends/Key Takeaways

Trend 1

Attractive flexible packaging solution is a trendy concept in the market in order to attract more consumers and increasing consumer base. Increasing disposable income coupled with the improving standard of living across developing countries of ASEAN region is further propelling demand for advanced and convenient packaging solutions. All these factors are augmenting the market growth of the ASEAN flexible packaging.

Trend 2

Major players are introducing different types and size of flexible packaging such as high-temperature retort pouch, vacuum pouch, and stand-up pouches and in order to meet the evolving packaging, the trend is expected to foster market growth. For instance, in April 2019, Amcor has launched AmLite Ultra Recyclable. The new high-barrier laminate can package a range of food, home, and personal care, and pharmaceutical products, and be recycled in existing polyolefin recycling streams.

ASEAN Flexible Packaging Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has affected all the industries including automotive, chemicals, logistics, and oil & gas among others. It has a severe impact on packaging industry as well. Measures such as lockdown, and cease in the economic activities has reduced the discretionary spending of a consumer, which has in turn impacted the sales of luxury goods, chemicals, apparel and other non-essential goods. These factors have hampered the demand for flexible packaging in the ASEAN regions. However, demand for flexible packaging in the ASEAN countries is expected to witness surge in demand once the situation starts to normalize.

Competitive Section:

Company Names 

  • Amcor Limited
  • Prepack Thailand Co., Ltd.
  • Berry Plastics
  • Mondi Group
  • Sealed Air Corporation
  • Sonoco Products Company
  • Constantia Flexibles Gmbh
  • AR Packaging Group

Few Recent Developments

In August 2018, Bemis Company, Inc. has agreed to combine with Australian packaging company Amcor Limited in an all-stock deal that values Bemis at approximately $6.8 billion.

Flexible packaging is any package or any part of a package whose shape can be readily changed. They are produced from materials such as polyethylene, nylon, polystyrene, and polypropylene. There are different types of flexible packaging including pouches, bags, carded and sleeves packaging among others.

Market Dynamics:

Based on industry, ASEAN flexible packaging market is segregated into food & beverages, pharmaceuticals, cosmetics & personal care, homecare & toiletries, sports goods among others. Wherein, food & beverages segment accounted for the largest market share in terms of the revenue in 2019, and contributed for 65.6% in the same year.

On the basis of country, Indonesia accounted for the largest revenue share in 2019 and contributed for the revenue share of 33.8% in 2019. The growth is majorly driven by the continuous increase in population coupled with rising demand for fresh food. Besides, flexible packaging is gaining market share from rigid packaging due to its adaptability and low storage requirements.

Key features of the study:

  • This report provides in-depth analysis of flexible packaging and provides market size (US$ Million and Kilo Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the ASEAN flexible packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Amcor Limited, Prepack Thailand Co., Ltd., Berry Plastics, Mondi Group, Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles Gmbh, and AR Packaging Group
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
  • The ASEAN flexible packaging market report caters to various stakeholders in this industry including investors, suppliers, Flexible packaging manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the flexible packaging market

Detailed Segmentation:

  • ASEAN Flexible packaging Market, By Product type:
    • Pouches
      • Stand-up Pouches
      • Vacuum Pouches 
      • Retort Pouches 
    • Bags
      • Gusseted Bags
      • Wicketed Bags
    • Films and Roll stocks
    • Others 
  • ASEAN Flexible packaging Market, By Layer Type:
    • Mono Layer
    • Multi-Layer
      • Two Layers
      • Three Layers
      • Five Layers
      • Seven Layers
      • Others
  • ASEAN Flexible packaging Market, By Material Type:
    • Polyethylene (PE)
    • Polypropylene (PP)
      • BOPP
      • COPP
      • OPP
    • Nylon
    • Polystyrene (PS)
    • Others
  • ASEAN Flexible packaging Market, By End-use:
    • Food and Beverages
    • Pharmaceuticals
    • Cosmetic and Personal Care
    • Homecare and Toiletries
    • Sports Goods
    • Others
  • ASEAN Flexible packaging Market, By Geography:
    • Indonesia
      • By Product Type:
        • Pouches
          • Stand-up Pouches
          • Vacuum Pouches
          • Retort Pouches
        • Bags
          • Gusseted Bags
          • Wicketed Bags
        • Films and Roll stocks
        • Others
      • By Layer Type:
        • Mono Layer
        • Multi-Layer
          • Two Layers
          • Three Layers
          • Five Layers
          • Seven Layers
          • Others
      • By Material Type
        • Polyethylene (PE)
        • Polypropylene (PP)
          • BOPP
          • COPP
          • OPP
        • Nylon
        • Polystyrene (PS)
        • Others
      • By End-use
        • Food and Beverages
        • Pharmaceuticals
        • Cosmetic and Personal Care
        • Homecare and Toiletries
        • Sports Goods
        • Others
    • Thailand
      • By Product Type:
        • Pouches
          • Stand-up Pouches
          • Vacuum Pouches
          • Retort Pouches
        • Bags
          • Gusseted Bags
          • Wicketed Bags
        • Films and Roll stocks
        • Others
      • By Layer Type:
        • Mono Layer
        • Multi-Layer
          • Two Layers
          • Three Layers
          • Five Layers
          • Seven Layers
          • Others
      • By Material Type
        • Polyethylene (PE)
        • Polypropylene (PP)
          • BOPP
          • COPP
          • OPP
        • Nylon
        • Polystyrene (PS)
        • Others
      • By End-use
        • Food and Beverages
        • Pharmaceuticals
        • Cosmetic and Personal Care
        • Homecare and Toiletries
        • Sports Goods
        • Others
    • Malaysia
      • By Product Type:
        • Pouches
          • Stand-up Pouches
          • Vacuum Pouches
          • Retort Pouches
        • Bags
          • Gusseted Bags
          • Wicketed Bags
        • Films and Roll stocks
        • Others
      • By Layer Type:
        • Mono Layer
        • Multi-Layer
          • Two Layers
          • Three Layers
          • Five Layers
          • Seven Layers
          • Others
      • By Material Type
        • Polyethylene (PE)
        • Polypropylene (PP)
          • BOPP
          • COPP
          • OPP
        • Nylon
        • Polystyrene (PS)
        • Others
      • By End-use
        • Food and Beverages
        • Pharmaceuticals
        • Cosmetic and Personal Care
        • Homecare and Toiletries
        • Sports Goods
        • Others
    • Philippines
      • By Product Type:
        • Pouches
          • Stand-up Pouches
          • Vacuum Pouches
          • Retort Pouches
        • Bags
          • Gusseted Bags
          • Wicketed Bags
        • Films and Roll stocks
        • Others
      • By Layer Type:
        • Mono Layer
        • Multi-Layer
          • Two Layers
          • Three Layers
          • Five Layers
          • Seven Layers
          • Others
      • By Material Type
        • Polyethylene (PE)
        • Polypropylene (PP)
          • BOPP
          • COPP
          • OPP
        • Nylon
        • Polystyrene (PS)
        • Others
      • By End-use
        • Food and Beverages
        • Pharmaceuticals
        • Cosmetic and Personal Care
        • Homecare and Toiletries
        • Sports Goods
        • Others
    • Vietnam
      • By Product Type:
        • Pouches
          • Stand-up Pouches
          • Vacuum Pouches
          • Retort Pouches
        • Bags
          • Gusseted Bags
          • Wicketed Bags
        • Films and Roll stocks
        • Others
      • By Layer Type:
        • Mono Layer
        • Multi-Layer
          • Two Layers
          • Three Layers
          • Five Layers
          • Seven Layers
          • Others
      • By Material Type
        • Polyethylene (PE)
        • Polypropylene (PP)
          • BOPP
          • COPP
          • OPP
        • Nylon
        • Polystyrene (PS)
        • Others
      • By End-use
        • Food and Beverages
        • Pharmaceuticals
        • Cosmetic and Personal Care
        • Homecare and Toiletries
        • Sports Goods
        • Others
    • Myanmar
      • By Product Type:
        • Pouches
          • Stand-up Pouches
          • Vacuum Pouches
          • Retort Pouches
        • Bags
          • Gusseted Bags
          • Wicketed Bags
        • Films and Roll stocks
        • Others
      • By Layer Type:
        • Mono Layer
        • Multi-Layer
          • Two Layers
          • Three Layers
          • Five Layers
          • Seven Layers
          • Others
      • By Material Type
        • Polyethylene (PE)
        • Polypropylene (PP)
          • BOPP
          • COPP
          • OPP
        • Nylon
        • Polystyrene (PS)
        • Others
      • By End-use
        • Food and Beverages
        • Pharmaceuticals
        • Cosmetic and Personal Care
        • Homecare and Toiletries
        • Sports Goods
        • Others
  • Company Profiles
    • Amcor Limited *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Prepack Thailand Co., Ltd.
    • Berry Plastics
    • Mondi Group
    • Sealed Air Corporation
    • Sonoco Products Company
    • Constantia Flexibles Gmbh
    • AR Packaging Group

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Layer Type
      • Market Snippet, By Material Type
      • Market Snippet, By End-use
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Key Industry Trends
      • PEST Analysis
      • Merger & Acquisition Scenario
      • Key developments
  4. ASEAN Flexible Packaging Market – Impact of COVID-19 Pandemic
    • Overview
    • Factors Affecting ASEAN Flexible Packaging Market–COVID-19
    • Impact Analysis, by Country
  5. ASEAN Flexible Packaging Market, By Product Type, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Pouches
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Films and Roll stocks
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
  6. ASEAN Flexible Packaging Market, By Layer Type, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Mono Layer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Multi Layer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
  7. ASEAN Flexible Packaging Market, By Material Type, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Polyethylene (PE)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Polypropylene (PP)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Nylon
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Polystyrene
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
  8. ASEAN Flexible Packaging Market, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Food and Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Cosmetic and Personal Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Homecare and Toiletries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Sports Goods
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
  9. ASEAN Flexible Packaging Market, By Country, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, By Country, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Country, 2020 - 2027
    • Indonesia
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Layer Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Thailand
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Layer Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Malaysia
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Layer Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Philippines
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Layer Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Vietnam
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Layer Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Myanmar
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Layer Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Amcor Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Prepack Thailand Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Berry Plastics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mondi Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sealed Air Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sonoco Products Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Constantia Flexibles Gmbh
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • AR Packaging Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 20 figures on "Flexible Packaging Market - ASEAN forecast to 2027”.

Frequently Asked Questions

The market for ASEAN Flexible Packaging is forecast to surpass US$ 7,540.2 million by 2027 witnessing a CAGR of 4.7% between 2020 and 2027.
Continuous increasing population will drive demand for packaged food in the ASEAN countries. Besides, flexibility to suit multiple shapes and sizes, convenience (zip-locks, plastic closures) expected to propel the growth for the ASEAN flexible packaging market
Foods with high liquid content, such as Soups, juices, are being transitioned from rigid packaging to flexible packaging.
Strict regulatory hurdle associated with the use of plastic products might hamper the growth of flexible packaging in ASEAN countries.
Major players operating in the ASEAN Flexible Packaging market include Amcor Limited, Prepack Thailand Co., Ltd., Berry Plastics, Mondi Group, Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles Gmbh, AR Packaging Group.
The ASEAN Flexible Packaging market was estimated to be valued around US$ 5,146 million in terms of revenue in 2019.
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