Asia-Pacific Consumer Packaging Market Size, Industry Share, Growth & Forecast To 2020-2026

Asia-Pacific consumer packaging market is estimated to grow at a significant CAGR of 7.0% during the forecast period. China is the leader in B2C e-commerce sales across the globe. In 2018, total B2C e-commerce sales in the country were 1,361 billion, which accounted for 31.0% of global B2C e-commerce sales. Rising internet penetration is the major cause of the growth of the e-commerce industry in the country. As per the Asia-Pacific Economic Co-operation (APEC), there was 55.8% internet penetration in China which equals to 772 million internet users in 2017. This is leading to an increasing number of online shoppers in the country.

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Additionally, there is a significant presence of major e-commerce players such as Alibaba, Amazon, and JD.com in the country. Amazon is significantly expanding its fulfilment centers across the country, which is supporting to leverage share in the country. Packaging plays a vital role in the e-commerce industry, as it enables to presents the brand image efficiently. Owing to the expansion of the e-commerce industry in the country, the packaging companies including Amcor are taking active interest to support innovate packaging standards for China’s e-commerce industry. As a result, potential innovations in e-commerce packaging is expected to witness in the near future.

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Scope of the Asia-Pacific Consumer Packaging Market

Market Coverage

Market number available for 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Material and End-User
Countries Covered- China, India, Japan, and Rest of Asia-Pacific
Competitive Landscape- Amcor plc, Essel Propack Ltd., Oji Holdings Corp., Tetra Pak International S.A., and Constantia Flexibles Group GmbH

Recent Developments in the Asia-Pacific Consumer Packaging Market

In October 2019, Aptar Group, Inc. signed an agreement to acquire a 49% equity interest in three BTY companies, including Suzhou BTY, Suzhou Hsing Kwang, and Suqian Hsing Kwang (SQHK), collectively known as BTY. These entities are renowned Chinese manufacturers of metal-plastic sub-assemblies, decorative metal components, and entire color cosmetics packaging solutions for the beauty industry. This investment will offer growth potential to Aptar in the Asian color cosmetics market. In addition, this will further strengthen the ability of Aptar to serve customers focused on the color cosmetics markets.
In August 2019, Amcor entered as one of the founders, in the newly set up China Ecommerce & Logistics Packaging Standard Alliance. This alliance was started by JD.com, which brings together six other reputed brands, such as Unilever, Heinz, P&G, Mengniu, Johnson & Johnson, and China Packaging Testing Centre. Amcor combine forces with the leaders in online retail and FMCG to co-develop, validate and implement e-commerce-ready product packaging standards in China. This, in turn, will further strengthen Amcor’s position in the country.

Key questions addressed by the report

What is the market growth rate?
Which segment/country dominates the market in base year?
Which segment/country will project fastest growth in the market?
How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected country/segment

Who is the leader in the market?
What are the key strategies adopted by the market players?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
What are the trends in sustainable packaging?

Asia-Pacific Consumer Packaging Market-Segmentation

By Material

Plastic
Paper
Glass
Metal

By End-User

Food
Beverage
Healthcare
Personal Care and Cosmetics
Household Goods

Asia-Pacific Consumer Packaging Market– Segment by Country

China
India
Japan
Rest of Asia-Pacific

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This release was published on openPR.