ASEAN Flexible Packaging Market Current Situation and Future Insights 2024 - 2031 | Amcor Limited, Prepack Thailand Co.

Market Overview:

Flexible packaging refers to packages or portions of packages whose shape can be readily changed. Flexible packaging is produced from films, paper, aluminum foils etc for packaging of food & beverages, healthcare, personal care and other products. Flexible packaging provides features like easy storage, lightweight, aesthetic appeal and environmental friendliness.

Market Dynamics:

The ASEAN flexible packaging market is driven by increased demand for sustainable packaging from food and beverage industries. Flexible packaging uses relatively less material as compared to rigid packaging which reduces packaging waste. Furthermore, growing e-commerce sector is also fueling the demand for flexible packaging as it prevents damage to products during shipping. Additionally, increasing population along with changes in consumer lifestyles andPreferences in the ASEAN countries is propelling the growth of food and beverage industry, which in turn boosts the sales of flexible packaging.

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Rising Consumption of Packaged and Convenience Foods is Driving the ASEAN Flexible Packaging Market

The consumption of packaged and convenience foods is growing rapidly across ASEAN region owing to changing lifestyles and increasing disposable incomes of consumers. Flexible packaging offers several advantages for food packaging such as lightweight, re-sealability, ease of opening and closing which extends the shelf life of products. With the surge in demand for packaged foods, consumption of flexible packaging materials like plastic films, paper, and aluminum foils is expected to rise significantly. Major food brands and private labels are opting for flexible pouches, bags and wraps made from materials like PET, PE, PP, EVOH etc to package snacks, frozen meals, liquid foods and other products. The flexible packaging allows manufacturers to capture more buyers by offering portion-control and on-the-go packaging formats. As urbanization continues to rise, propelling the nuclearization of families and dual-income households, demand for packaged food will increase thereby driving the ASEAN flexible packaging market.

Rise of E-Commerce and Online Grocery Shopping Offers Opportunity in Flexible Packaging

E-commerce industry is undergoing robust growth across ASEAN countries as internet and smartphone penetration increases. Consumers are switching to online platforms for shopping various product categories including groceries and household items. The rise of online grocery platforms is translating into new growth avenues for flexible packaging manufacturers. E-retailers need packaging solutions that can protect products from damage during transit while maintaining a light weight. Flexible pouches, wraps and bags made of materials like paper, aluminum and specialty films offer durability as well as appeal to online shoppers. Optimum packaging plays a key role in curbside and doorstep deliveries. It needs to be cost-effective yet provide protection and improve the unboxing experience for customers. Hence, growth of e-grocery shopping is expected to drive innovative development of flexible packaging formats and solutions in the coming years.

Sustainability Trends Accelerate Adoption of Recycled and Bio-based Flexible Packaging Materials

The ASEAN region has emerged as a front-runner in global sustainability movement with United Nations setting ambitious goals and governments launching green initiatives. Companies are recognizing the business opportunities arising from pursuing circular economy-based models. There is a marked preference among brand owners, retailers as well as consumers for packaging made from recycled or plant-based renewable sources. Recycled flexible packaging made from post-consumer or post-industrial plastic wastes is high in demand. Similarly, materials produced from agricultural residues like bagasse, corn starch and bioplastics are gaining traction. Package designers are coming up with innovative format styles and graphics showcasing the eco-friendly properties. The growing preference for sustainable products and solutions is prompting flexible packaging converters to invest in advanced recycling and compostable material development. This trend is expected to pick up further and drive the market in the region towards circular economy-based growth.

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Top Companies Included in This Report:

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

Market Segmentation:

Based on Product Type:

★ By Product Type: Pouches, Bags, Films and Roll stocks, and Others
★ By Layer Type: Mono-layer and Multi-layer
★ By Material Type: Polyethylene, Polypropylene, Nylon, Polystyrene, and Others
★ By End-use: Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Homecare & Toiletries, Sports Goods, and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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