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ASEAN Flexible Packaging Market

Analysis by Type {Bags (Gusseted and Wicketed Bags), and Pouches (Retort, Vacuum, Stand-Up, and Others)}; by Layer (Multi-Layer and Mono Layer); and by Material (Polypropylene, Polyethylene, Polystyrene, Nylon, and Others); – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 4489 | Published On: Feb 10, 2023
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Market Segmentation

Our in-depth analysis of the global ASEAN flexible packaging market includes the following segments:

By Type

  • Bags
  • Gusseted
  • Wicketed Bags
  • Pouches
  • Retort
  • Vacuum
  • Stand-Up
  • Others

By Layer

  • Multi-Layer
  • Mono Layer

By Material

  • Polypropylene
  • Polyethylene
  • Polystyrene
  • Nylon
  • Others


ASEAN-Flexible-Packaging-Market-Analysis-Size
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Global ASEAN Flexible Packaging Market: Growth Drivers and Challenges
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Growth Drivers

  • Booming Demand for Ready-to-Eat Meals - In 2020, more than 35% of American population was anticipated to be consuming ready-to-eat meals.

The global population is becoming more inclined to purchase ready-to-eat meal since it takes less time and effort to be prepared. Ready-to-eat meal is prepared in way so the health properties of the food can remain for a longer period. Packaging of such type of food becomes important because it can help in preserving the nutrition and taste of the food. Hence such a higher demand is anticipated to accelerate the growth of the market over the forecast period.

  • Growing Production of Polyethylene to Boost the Market Growth- As of 2019, the gross production of the polyethylene was estimated to be around 20,000 metric tons solely in the USA.

  • Increasing Utilization of Nylon - For instance, approximately 550,000 metric tons of nylon were produced in 2019.

  • Higher Demand for Flexible Packaging in Cosmetics Industry- It is observed that in 2022, the cosmetics segment across the globe projected to generate a total revenue of USD 5.50 billion.

Challenges

  • Increment in the Solid Waste Produced by Packaging Materials
  • Presence of the Alternatives in the Market
  • Disrupted Supply-Chain due to COVID-19

The global ASEAN flexible packaging market is segmented and analyzed for demand and supply by type into bags and pouches, out of which, the bags segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the rising utilization of bags in countless activities. For instance, in 2022, the bags & container segment was valued at about USD 40 billion.


Global ASEAN Flexible Packaging Market Regional Synopsis

Regionally, the global ASEAN flexible packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be ascribed to the growing demand in the food and beverage industry of the region. For instance, in 2022, the food & drink segment in the region was estimated to reach approximately USD 28 million. Additionally, higher penetration of the key players in the region is further estimated to hike the market growth during the forecast period.

ASEAN-Flexible-Packaging-Market-Growth

The global ASEAN flexible packaging market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook


Top Featured Companies Dominating the Global ASEAN Flexible Packaging Market
  • AR Packaging Group AB 
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Amcor Limited
  • Prepack Thailand Co., Ltd.
  • Constantia Flexibles Group GmbH
  • Berry Global Inc.
  • Sonoco Products Company
  • Mondi plc
  • Sealed Air Corporation
  • Ardagh Group S.A.
  • Tetra Laval Group


ASEAN-Flexible-Packaging-Market-Growth
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Top Featured Companies Dominating the Global ASEAN Flexible Packaging Market

    • AR Packaging Group AB 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Amcor Limited
    • Prepack Thailand Co., Ltd.
    • Constantia Flexibles Group GmbH
    • Berry Global Inc.
    • Sonoco Products Company
    • Mondi plc
    • Sealed Air Corporation
    • Ardagh Group S.A.
    • Tetra Laval Group

     


In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the ASEAN flexible packaging market?

Ans: Higher demand for flexible packaging in cosmetics industry is estimated to majorly boost the market growth.

2) What would be the CAGR of ASEAN flexible packaging market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the ASEAN flexible packaging market growth?

Ans: Increment in the solid waste produced by packaging materials is estimated to challenge the market growth.

4) Which region will provide more business opportunities for growth of ASEAN flexible packaging market in future?

Ans: The market in North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the ASEAN flexible packaging market?

Ans: The major players in the market are Amcor Limited, Prepack Thailand Co., Ltd., Constantia Flexibles Group GmbH, Berry Global Inc., Sonoco Products Company, Mondi plc, Sealed Air Corporation, Ardagh Group S.A., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the ASEAN flexible packaging market?

Ans: The market is segmented by type, layer, material, and by region.

8) Which segment captures the largest market size in type in the ASEAN flexible packaging market?

Ans: The bags segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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