Asia Pacific Paper Packaging Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Grade, Product, End User Industry, and Region

Asia Pacific Paper Packaging Market Overview:

Asia Pacific Paper Packaging Market is expected to grow, with the economic boom in emerging countries. An increase in environmental burden because of lack of the fully developed packaging-collection and recycling systems is expected to drive the adoption of paper packaging. Emerging Asia is the key growth market for many packaging companies. A concern around sustainability and awareness related with “green narratives” are driving the demand for paper packaging solution across Asia Pacific region. The established players in the Asia Pacific Paper Packaging Market are expected to put pressure on the new entrance companies through lower pricing strategy, reducing costs, and providing new value propositions to the customers. In the market new entrance key players are expected to be manage all these challenges and build effective barriers to safeguard their competitive edge. A shift towards sustainable and environmentally friendly packaging options has recyclable packaging and stand-up bags with various design options.

 

 

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Asia Pacific Paper Packaging Market Dynamics:

An increase in consumer’s preference along with the green regulations across the region are promotes paper packaging in the food industry. The one of the factors that ensured paper packaging demand growth is the environmental protection trend. It also requires the usage of polyethylene to become limited, while promoting the consumption of biodegradable packaging like paper-based products. The growth in food and beverage sector is expected to support paper packaging consumption. The demand for household care, healthcare, resulting in an increase in consumption of paper packaging. The preferences for a more sustainable carrier bag solution and single use plastic bag legislation to reduce or eliminate waste are expected to increase the demand for the paper packaging across developing economies like India and China.

 

Growing e-commerce activity drives Asia Pacific Paper Packaging Market Growth

 

Rapid urbanization, penetration of organised retail, growth in FMCG, pharmaceutical and processed food industries are increasing the demand for the paper packaging. The new entrants are expected to enter a dynamic industry by building capacities and spending money on research and development. Rise in the demand for electronic goods and home and personal care products are boosting adoption of paper packaging. In recent years, there has been a new user facilitating the growth of the Asia Pacific Paper Packaging industry that is e-commerce. An adoption of e-commerce facilities has resulted in thousands of packets being delivered daily across developing countries. It is further increased the demand for quality paper packaging for the products.

 

Fast Moving Consumer Goods (FMCG) companies are focusing on the adjustment, with an emphasis on recyclability. It is expected to les to the rise of paper as the preferred material for packaging because of its biodegradability and recyclability. Paper packaging is a more environmentally conscious choice with proper management. For instance, big brands such as McDonald’s, and Amazon have switched to paper packaging. The e-commerce industry has emerged as a vital player, with Amazon using corrugated board boxes for the principal packaging. An increase in concern associated with packaging wastes that prompt the citizens to adopt environment-friendly options, such as folding cartons or corrugated boxes. The Asia Pacific is the largest e-commerce economy.

 

Demand for Corrugated board: Drive the market growth.

 

Corrugated board is becoming popular in packaging as sustainability becomes a more important issue. It is easy to recycle. The pulp and paper industry has already adept at converting these into new generations of containerboard. The recyclability and biodegradability features of corrugated packaging enables it to contribute to a circular economy. Paper Industries and corrugated packaging industries are expected to introduce novel alternatives like fossil-based products to mitigate for the consumer and environmental demands. The demand for corrugated packaging in Asia is growing exponentially. The Asia-Pacific region represents the largest corrugated packaging market, accounting for more than 55% of production and shipments in 2023.

 

 

Food and beverages sector: Hold the Dominant Position

 

The industry, which is spearheaded the move towards paper packaging is the food and beverages sector. In 2023, paper and paper-based materials make up more than 40% of food packaging. With the biodegradability, paper packaging also offers more options for design and printing compared to plastic and metal packaging. In India the growth of the paper packaging market is expected to grow at a 5.2 % rate of CAGR during the forecast period, which is driven by the rapid growth of e-commerce and the food and beverage industry. In recent years, India has seen sustainable packaging growth because of increase of packaged food consumption and awareness, and demand for quality products. An increase in consumer awareness surrounding packaged food, packaged food deliveries are expected to drive the market growth in Asia Pacific region.

 

Asia Pacific Paper Packaging Market Regional Insights:

The Asia-Pacific paper packaging market is projected to hold the dominant position in the global market. China is leading the charge across region and has reliably ranked among the top 15 countries by corrugated output with India and South Korea. The region is  home to some of the consumer markets in the world. Key players operating in the Asia Pacific market have an opportunity to continue to establish themselves as form footprints in their market. Rapidly growing popularity and sales of processed/convenience foods and beverages across developing economies like China, India, Japan are expected to strengthen the position of Asia Pacific as the largest market for paper packaging. Many paper packaging companies are targeting emerging Asia as a vital growth vector.

 

An increase in the applications of paper packaging has resulted in high demand for more efficient and reliable solution. Currently, manufacturers are producing different grades of papers, especially for food& beverage, healthcare, personal care, home care industry. Many key players are expected to rely on Greenfield investments in end-user industries to gain slight advantages over the regional and local players. Brand owners are recognizing the opportunities to grow dwindling brand loyalty through greater engagement with their customer base provided by technological developments in the region.

 

The objective of the report is to present a comprehensive analysis of the Asia Pacific Paper Packaging Market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Paper Packaging Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Paper Packaging Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia Pacific Paper Packaging Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Paper Packaging Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Paper Packaging Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Asia Pacific Paper Packaging Market. The report also analyses if the Asia Pacific Paper Packaging Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Paper Packaging Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Paper Packaging Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Paper Packaging Market is aided by legal factors.

 

Asia Pacific Paper Packaging Market Scope:

 

Asia Pacific Paper Packaging Market Scope
Market Size in 2023	USD 60.54 Bn.
Market Size in 2030	USD 82.94 Bn.
CAGR (2024-2030)	4.6%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Grade Carton board Containerboard Other Grade
	By Product Folding Cartons Corrugated Boxes Other Types
	By End User Industry Food & Beverage Healthcare Personal Care Household Care Electrical Products Other End User Industries
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

Asia Pacific Paper Packaging Market Key Players

• SCG Packaging PCL
• International Paper Company
• Sarnti Packaging Co. Ltd
• Oji Holdings Corporation
• Pura Group
• Huhtamaki Group
• Harta Packaging Industries (Selangor) Sdn Bhd
• Tetra Pak
• Hong Thai Packaging Company Limited
• New Asia Industries Co. Ltd (Rengo Co. Ltd)
• C&H Paperbox (Thailand) Co. Ltd
• Continental Packaging (Thailand) Co. Ltd
• Toppan Printing Co. Ltd
• Shree Gopinath Paper Mills Pvt. Ltd
• Natraj Packaging Pvt. Ltd