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.
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.
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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
Company Profiles
- Amcor plc
- Asia Pulp & Paper Group (APP)
- Constantia Flexibles Group GmbH
- Essel Propack, Ltd.
- GPA Global
- HCP Packaging (Shanghai) Co., Ltd.
- Hirokawa Co., Ltd.
- Jindal Poly Films
- KLH (Kung Long Hong Co., Ltd.)
- Libo Cosmetics Co., Ltd.
- Modern-Pak Pte, Ltd.
- Oji Holdings Corp.
- Rengo Co., Ltd.
- Reynolds Group Holdings, Ltd.
- Samyang Packaging Corp.
- Shandong Lipeng Co.,Ltd.
- Shanghai Forests Packaging Group Co., Ltd.
- Shanying International Holding Co., Ltd.
- Shenzhen Wanli Printing Co.,Ltd.
- Taizhou Qunli New Material Co., Ltd.
- Takemoto Packaging, Inc.
- Tetra Pak International S.A.
- Uflex, Ltd.
- Zhenghao Plastic & Mold Co., Ltd.
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