(MENAFN- Meridian market Consultants) The Reports and Insights, a leading market research company, has recently releases report titled “ASEAN Flexible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global ASEAN Flexible Packaging Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the ASEAN Flexible Packaging Market?
The ASEAN flexible packaging market size reached US$ 6.5 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 10.5 billion in 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032
What are ASEAN Flexible Packaging?
ASEAN flexible packaging refers to the flexible packaging industry within the ASEAN region. It involves the manufacturing and utilization of flexible packaging materials, including pouches, bags, films, and wraps known for their pliability and adaptability. Countries like Indonesia, Malaysia, Thailand, Vietnam and the Philippines contribute to the production and use of flexible packaging across various sectors such as food and beverage, pharmaceuticals, and consumer goods. This sector in the ASEAN region plays a vital role in providing cost-effective and sustainable packaging solutions, meeting the diverse needs of different industries by ensuring the protection, preservation, and market appeal of products.
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What are the growth prospects and trends in the ASEAN Flexible Packaging industry?
The ASEAN flexible packaging market growth is driven by various factors. The market for flexible packaging in the ASEAN region is vibrant and encompasses the production and application of adaptable packaging materials. This market includes a wide array of flexible packaging solutions, such as pouches, bags, films, and wraps, recognized for their versatility and practicality. With active involvement from countries like Indonesia, Malaysia, Thailand, Vietnam, and the Philippines, the ASEAN Flexible Packaging market serves diverse industries like food and beverage, pharmaceuticals, and consumer goods. It plays a pivotal role in addressing the packaging needs of different sectors by providing economical and eco-friendly solutions, ensuring the protection, preservation, and market attractiveness of products. The market's significance lies in its capacity to deliver tailored flexible packaging solutions that meet the varied requirements of industries in the ASEAN region, contributing to overall advancements and efficiency in packaging practices. Hence, all these factors contribute to ASEAN flexible packaging market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Segmentation:
By Product Type:
Pouches
Bags
Wraps
Films
Others
By Material Type:
Plastic
Paper
Aluminum Foil
Biodegradable
Others
By End-Use Industry:
Food and Beverage
Healthcare and Pharmaceuticals
Personal Care and Cosmetics
Industrial and Retail
Others
By Packaging Technology:
Gravure Printing
Flexographic Printing
Digital Printing
Laminates
Others
By Packaging Application:
Food Packaging
Beverage Packaging
Pharmaceutical Packaging
Cosmetic and Toiletry Packaging
Industrial Packaging
Segmentation By Country:
Thailand
Indonesia
Vietnam
Philippines
Malaysia
Singapore
Myanmar
Cambodia
Laos
Brunei
Timor-Leste
Who are the key players operating in the industry?
The report covers the major market players including:
SCG Packaging Public Company Limited
Amcor Limited
Dai Nippon Printing Co., Ltd. (DNP)
Perufoam (Perusahaan Flexible Packaging)
Fuji Seal International, Inc.
Bemis Company, Inc. (now part of Amcor)
Uflex Ltd.
Mondi Group
Smurfit Kappa Group
Huhtamaki Group
Flexipack Group
Tetra Pak
Constantia Flexibles Group
Winpak Ltd.
PT Trias Sentosa Tbk
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