Asean flexible packaging market
ASEAN Flexible Packaging Market, by Product Type (Pouches, Bags, Films, and Roll stocks), by Layer Type (Mono-layer and Multi-layer), by Material Type (Polyethylene, Polypropylene, Nylon, and Polystyrene), by End-use (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Homecare & Toiletries, and Sports Goods)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Oct 2022
- CMI3987
- 120 Pages
- Excel & Pdf
- Packaging
ASEAN 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 include pharmaceuticals, food and beverages, homecare and toiletries, cosmetic and personal care, and sports goods.
ASEAN flexible packaging market is estimated to account for US$ 5138.98 Mn, in terms of value by the end of 2021.
Drivers
Driver 1
Growing awareness about 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
Growing food & beverage industry in the ASEAN countries due to increasing consumer spending is fueling the market growth of ASEAN flexible packaging. The growing population, coupled with the increasing population is propelling demand for food and this is expected to drive the market growth. Moreover, rising demand for convenience food due to busy lifestyle of consumers is another major factor projected to augment the market growth of ASEAN flexible packaging.
Advancement in the inspection technologies by major players is expected to favor the market growth of the ASEAN flexible packaging. For instance, in April 2019, Amcor 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 impact in the recent months owing to the lockdowns imposed globally to curb the spread of COVID-19. This resulted in the increased demand for the solutions in the global flexible packaging market. Furthermore, during the pandemic, pharmaceutical industry also contributed to the robust demand for innovative and safe solutions offered by the players and manufacturers in the global flexible packaging market. Rising demand for household essentials, medical goods, and healthcare products is also expected to foster the growth of the global flexible packaging market in coming years. Moreover, increased demand for products in the global flexible packaging market for timely delivery of finished goods as well as raw materials is also expected to favor the industry growth over the forecast period.
Figure 1. Global ASEAN Flexible Packaging Market Value Share (%), By Country, 2021
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 and this is further expected 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.
ASEAN Flexible Packaging Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 5138.98 Mn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 4.5% | Forecast Period: | 2022-2030 |
Geographies covered: |
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Segments covered: |
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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 |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Trends
Trend 1
Attractive flexible packaging solution is a trendy concept in the market, in order to attract more consumers to increase 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, in order to meet the evolving packaging, and this trend is expected to fuel the market growth. For instance, in April 2019, Amcor 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.
Figure 2. Global ASEAN Flexible Packaging Market Analysis Revenue Share (%), By End-use in 2021
By end-use, ASEAN flexible packaging market is dominated by food & beverage segment, which was valued at US$ 5138.98 Mn in 2021 and is forecast to reach a value of US$ 7617.25 Mn by 2030 at a CAGR of 4.5% between 2021 and 2030
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 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)
- Report Description
- 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
- Market Dynamics
- ASEAN Flexible Packaging Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global ASEAN Flexible Packaging Market – COVID-19
- Impact Analysis
- ASEAN Flexible Packaging Market, By Product Type, 2017 - 2030 (US$ Mn & KT)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Pouches
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Bags
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Films and Roll stocks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Introduction
- ASEAN Flexible Packaging Market, By Layer Type, 2017 - 2030 (US$ Mn & KT )
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Mono Layer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Multi Layer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Introduction
- ASEAN Flexible Packaging Market, By Material Type, 2017 - 2030 (US$ Mn & KT)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Polyethylene (PE)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Polypropylene (PP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Nylon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Polystyrene
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Introduction
- ASEAN Flexible Packaging Market, By End-use, 2017 - 2030 (US$ Mn & KT)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Food and Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Cosmetic and Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Homecare and Toiletries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Sports Goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & KT)
- Introduction
- ASEAN Flexible Packaging Market, By Country, 2017 - 2030 (US$ Mn & KT)
- Introduction
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2030
- Indonesia
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Layer Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Material Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By End-use, 2017 - 2030 (US$ Mn & KT)
- Thailand
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Layer Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Material Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By End-use, 2017 - 2030 (US$ Mn & KT)
- Malaysia
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Layer Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Material Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By End-use, 2017 - 2030 (US$ Mn & KT)
- Philippines
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Layer Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Material Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By End-use, 2017 - 2030 (US$ Mn & KT)
- Vietnam
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Layer Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Material Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By End-use, 2017 - 2030 (US$ Mn & KT)
- Myanmar
- Country Trends
- Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Layer Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By Material Type, 2017 - 2030 (US$ Mn & KT)
- Market Size and Forecast, By End-use, 2017 - 2030 (US$ Mn & KT)
- Indonesia
- 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
- Amcor Limited
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
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
- By Product Type:
- 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
- By Product Type:
- 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
- By Product Type:
- 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
- By Product Type:
- 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
- By Product Type:
- 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
- By Product Type:
- Indonesia