Asia-Pacific Compostable Packaging Market By Product Type (Bags, Trays, Cups, Plates, Films, Lids, Straws, Cutlery, Bowls, Clamshells, Pouches & Sachets, Others), Material (Plastic, Paper & Paperboard, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, Specialty Stores, E-commerce, Others), End-User (Food & Beverages, Medical, Automotive, Electrical & Electronics, Agriculture, Textile Goods, Personal & Home Care, Chemical, Others), Country (China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific), Market Trends and Forecast to 2027
Market Analysis and Insights: Asia-Pacific Compostable Packaging Market
Compostable packaging market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 18.1% in the forecast period of 2020 to 2027 and expected to reach USD 3,536,311.93 thousand by 2027. Growing population and increasing packaging industry in Asia-Pacific countries is boosting the market growth in the region.
Asia-Pacific is growing with highest CAGR due to rising population, which also raises the demand for food consumption in which compostable packaging is widely used. .
This Compostable Packaging Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Compostable Packaging Market Scope and Market Size
Asia-Pacific compostable packaging market is segmented on the basis of product type, material, packaging layer, distribution channel and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into bags, trays, cups, plates, films, lids, straws, cutlery, bowls, clamshells, pouches & sachets and others. In Asia-Pacific, the bags compostable packaging is dominating due to the increase in the convenience of the products and also bags can carry large amount of goods as compared to other type of products.
- On the basis of material, the market is segmented into plastic, paper & paperboard and others. In Asia-Pacific, the plastic segment is dominating because in the Asia-Pacific countries the production and consumption of plastic is growing very rapidly.
- On the basis of packaging layer, the market is segmented into primary packaging, secondary packaging and tertiary packaging. In Asia-Pacific, most of the sectors such as automobile, electronics industry have been growing substantially which requires majorly primary packaging.
- On the basis of distribution channel, the market is segmented into B2B, supermarkets/hypermarkets, departmental stores, convenience stores, specialty stores, e-commerce and others. In Asia-Pacific, B2B segment is growing because the countries like China and India have huge population in which it is not feasible for other distribution channels.
- On the basis of end-user, the market is segmented into food & beverages, medical, automotive, electrical & electronics, agriculture, textile goods, personal & home care, chemical and others. In Asia-Pacific, the food and beverage industry has been growing rapidly due to the large population which boosts the demand of compostable packaging in the region.
Compostable Packaging Market Country Level Analysis
Asia-Pacific compostable packaging market is analysed and market size information is provided by country product type, material, packaging layer, distribution channel and end-user as referenced above.
The countries covered in the compostable packaging market report are China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, and Rest of Asia-Pacific in Asia-Pacific.
Asia-Pacific compostable packaging market is dominating the market due to increasing demand of eco-friendly in the packaging industry.
The country section of the compostable packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increase in the spending of the manufacturers for compostable packaging solutions
Asia-Pacific compostable packaging market also provides you with detailed market analysis for every country growth in installed base of different kind of products for compostable packaging market, impact of technology using life line curves and changes industry regulatory scenarios and their impact on the compostable packaging market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Compostable Packaging Market Share Analysis
Asia-Pacific compostable packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific Compostable packaging market.
The major players covered in the report are International Paper, Mondi, BASF SE, Be Green Packaging HQ, Futamura Group, WestRock Company, BIOPAK, Amcor plc, Wuxi Topteam Co.Ltd, NatureWorks LLC, Ecolifellc.com, Lithey Inc., Biotec Pvt. Ltd and Avani Eco, among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In the year 2019, BIOPAK declared their expansion of sustainable packaging products in Singapore to initiate the zero waste packaging products. It will help the company to increase their global footprint in the market.
- Stora Enso introduced a paperboard which is renewable for the purposes of paper cups, Cupforma in the year May 2019. The products are suited for recycling process without traditional coating of plastic. They are entirely made for the recovery of fiber both cold and hot cups.
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