ASEAN FLEXIBLE PACKAGING MARKET ANALYSIS

ASEAN Flexible Packaging MarketSize and Trends

ASEAN flexible packaging market is estimated to account for US$ 5138.98 Mn, in terms of value by the end of 2021.

Figure 1. Global ASEAN Flexible Packaging Market Value Share (%), By Country, 2021

Trend 1

Attractive flexible packaging solution is a trendy concept in the market, in order to attract more consumers to increase consumer base. Increasing disposable income, coupled with the improving standard of living across developing countries of ASEAN region is further propelling demand for advanced and convenient packaging solutions. All these factors are augmenting the market growth of the ASEAN flexible packaging.

Trend 2

Major players are introducing different types and size of flexible packaging such as high-temperature retort pouch, vacuum pouch, and stand-up pouches, in order to meet the evolving packaging, and this trend is expected to fuel the market growth. For instance, in April 2019, Amcor launched AmLite Ultra Recyclable. The new high-barrier laminate can package a range of food, home, and personal care, and pharmaceutical products, and be recycled in existing polyolefin recycling streams.

Figure 2. Global ASEAN Flexible Packaging Market Analysis Revenue Share (%), By End-use in 2021

By end-use, ASEAN flexible packaging market is dominated by food & beverage segment, which was valued at US$ 5138.98 Mn in 2021 and is forecast to reach a value of US$ 7617.25 Mn by 2030 at a CAGR of 4.5% between 2021 and 2030