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The Paper and Paperboard Container and Packaging Market size in APAC is estimated to grow at a CAGR of 4.25% between 2022 and 2027. The market size is forecast to increase by USD 20.77 billion. The growth of the market depends on several factors, including increased adoption of retail-ready packaging, rising demand from e-commerce industry in APAC, and environmental benefits associated with paper and paperboard containers.
This Paper and Paperboard Container and Packaging Market report in APAC extensively covers market segmentation by product (paper bags and sacks, corrugated containers and packaging, folding boxes and cases, and others), end-user (food and beverages, industrial products, healthcare, and others) and geography (China, Japan, India, South Korea, Rest of APAC). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increased adoption of retail-ready packaging is notably driving the market growth, although factors such as the limited durability of paper bags affect the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased adoption of retail-ready packaging is a key driver shaping the market growth. Shelf-ready packaging (SRP) and retail-ready packaging (RRP) were developed to simplify the process of moving goods from crates (cartons) to shelves. These SRP and EIA package options allow for a single smooth move rather than dumping individual units inside a box. Initially, SRP only considered the need to restock retail shelves. RRP, on the other hand, follows a comprehensive strategy that considers shelf restocking, supply chain needs, and customer feedback as a whole. RRPs and SRPs are the most effective way to store goods and quickly accelerate their movement throughout the supply chain. This is important as it increases brand visibility and product identification.
Packaging plays an important role in product demand and lifecycle. Some consumables require simple and flexible packaging materials for convenience and safety. Paper and cardboard containers are suitable for all of the above needs as they come in different shapes and offer packaging solutions for different products. This is due to consumer growth and changing tastes, increasing demand for processed foods. In the retail industry, the growing demand for fast food is calling for lightweight packaging. This also affects market growth. This will boost the demand for EIA packaging in the APAC paper and cardboard containers and packaging market during the forecast period.
The use of QR codes with packaging is a growing trend shaping the market. Placing QR (quick response) codes on paper and cardboard containers and packaging is powerful because consumers can scan the QR code to get fast, direct and specific information about the product. It becomes a marketing tool. It can also be used by businesses to promote their products on social media, get customer feedback, and contact customers to provide support services. Depending on the industry, QR codes can be used for various branding opportunities in paper and cardboard containers and packaging. The types of paper and cardboard containers and packaging that can be used with QR are as follows.
The limited durability of paper bags is a major challenge impeding growth. Single-use plastic bags and packaging will be banned in many countries around the world, including APAC, in 2023, increasing demand for paper bags. However, paper bag durability is a major concern, especially for companies in the food and beverage industry. In most cases, paper bags are not strong enough to support the weight of your groceries. Also, paper bags are not suitable for packaging liquid foods such as juices, sauces, and curries. As a result, food can be wasted because paper bags tear easily. As of June 2022, paper bags will account for over 13% of all food waste from restaurants in Pune, India. It is difficult for restaurants and food service providers to pack liquid food into paper bags for takeaway service, as liquid food spillage can damage the packaging, leading to food waste and food contamination. For example, sauces and juices in paper containers tend to get soggy. This can damage the paper bag and spill the liquid on its way to the customer. Therefore, the durability of paper bags has become a major challenge in paper bag adoption, especially for companies in the food and beverage industry. This may adversely affect the growth of the Asia-Pacific paper and corrugated container packaging market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Paper and Paperboard Container and Packaging Market in APAC Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc.: The company offers paper and paperboard container and packaging solutions such as AmFoil and AmFiber.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of paper bags and sacks will be significant during the forecast period. Paper bags are mainly used in the food and beverage industry and the construction industry. They provide a cost-effective and versatile way to protect, store and transport a wide variety of goods. Eco-friendly, customizable, practical and recyclable, these bags come in different sizes. In addition, it is biodegradable and reusable as it is made from renewable natural resources. Plus, it requires less energy to recycle than plastic bags.
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The paper bags and sacks segment was valued at USD 25.35 billion in 2017 and continued to grow until 2021. An increase in the use of paper bags in the food and beverage industry is expected to fuel the growth of the paper and paperboard container and packaging market in APAC during the forecast period. A sack bag is a paper or gunny bag used to carry things, especially things bought in a food shop. Sack bags are mostly used by enterprises in the construction industry as well as in the food industry.
The Paper and Paperboard Container and Packaging Market report in APAC forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the Paper and Paperboard Container and Packaging Market in APAC as a part of the global paper packaging market. Paper packaging is an effective and low-cost method used to protect, preserve, and transport a wide range of goods. Key attributes of paper packaging include lightweight, biodegradability, and recyclability. Paper packaging products comprise categories such as packaging boards, kraft paper, and other packaging papers. The factors driving the global paper packaging market are increasing preference for cost-effective biodegradable packaging, strong growth in e-commerce sales, and inceasing adoption of smart packaging. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Paper and Paperboard Container and Packaging Market in APAC Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.25% |
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Market growth 2023-2027 |
USD 20.77 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.87 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amcor Plc, C and H Paperbox Thailand Co. Ltd., Continental Packaging Thailand Co. Ltd., Graphic Packaging Holding Co., Hong Thai Packaging Co. Ltd., Huhtamaki Oyj, International Paper Co., Mondi plc, Nine Dragons Paper Holdings Ltd., Nippon Paper Industries Co. Ltd., Oji Holdings Corp., Rengo Co. Ltd., Sarnti Packaging Co. Ltd., SCG Packaging, Shandong Sun Holdings Group, Tetra Pak Group, Toyo Seikan Group Holdings Ltd., WestRock Co., Xiamen Hexing Packaging and Printing Co. Ltd., and Zijiang Holdings |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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