SOUTH EAST ASIA CORRUGATED PACKAGING MARKET ANALYSIS

South East Asia Corrugated Packaging MarketSize and Trends

• The corrugated packaging market started in South East Asia after Second World War, owing to high demand of corrugated packaging for trade.
• Indonesia has lucrative market for corrugated packaging. The rapid growth in industrial and agricultural sector followed by fast expansion of shopping malls and supermarkets is fueling the growth of Indonesian corrugated packaging market.
• Vietnam has a rapidly increasing consumer goods market where consumers prefer purchasing food and beverages through box which will drive the corrugated packaging market.
• The corrugated packaging industry in Thailand has been stimulated due to growing consumer expectations, increase in purchasing power of consumers, and changing lifestyle and preferences.
• Singapore has a requirement of high quality corrugated boxes for good quality printing that catches consumer attention. In January 2017, the National Environment Agency of Singapore announced to introduce increased sustainability packaging regulation, which will affect corrugated packaging market in this region.
• In Malaysia and Philippines, the changing industrial structure and economic growth respectively will augment the market for corrugated packaging.
• Rest of South East Asia will have a significant demand for corrugated packaging, owing to increasing demand by various end-use industries.