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Asia-Pacific Rigid Trays Packaging Market Size, Share & Trends Analysis Report by Application (Food & Beverage, Pharmaceutical, and Others), Material (Plastic, Paperboard, Metal, and Glass), Country and Growth Forecast, 2024-2031

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    Report

  • 105 Pages
  • August 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5996376
The Asia Pacific Rigid Trays Packaging Market is projected to witness market growth of 5.6% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Rigid Trays Packaging Market, by country in 2023, and is projected to continue to be a dominant market till 2031; thereby, achieving a market value of $15.81 billion by 2031. The Japan market is registering a CAGR of 5.1% during 2024-2031. Additionally, the India market would showcase a CAGR of 6.3% during 2024-2031.



The quality and safety of food are becoming increasingly important as the food and beverage industry expands in emerging markets. Governments and regulatory bodies are implementing stricter food safety standards, necessitating high-quality packaging materials. Rigid trays are well-suited to meet these regulatory requirements with robust barrier properties. For instance, the European Food Safety Authority (EFSA) and the U.S. Food and Drug Administration (FDA) have rigorous regulations regarding food packaging materials to prevent contamination or degradation of the food. Rigid trays, often made from food-grade plastics or other approved materials, comply with these regulations, making them a preferred choice for manufacturers.

There is a significant aspect that is contributing to this tendency, and that is the increased awareness of the environmental effects that result from plastic waste. According to a report published by the Ellen MacArthur Foundation, the oceans may contain more plastic than fish by 2050 if the current levels of consumption and disposal persist. Such alarming statistics have spurred consumers to rethink their packaging choices, favoring options that contribute less to environmental degradation. This has led to a growing demand for recyclable and biodegradable packaging materials that can mitigate the adverse effects of plastic pollution.

In Japan, the aging population and increasing demand for convenience foods significantly influence the demand for rigid tray packaging. According to the Statistics Bureau of Japan, more than 28% of the population is 65 and older, making Japan one of the most aged societies. This demographic trend increases the demand for easy-to-use and reliable packaging solutions, particularly for pre-packaged meals and healthcare products. Rigid trays provide the necessary durability and protection for these products, catering to the needs of elderly consumers and the convenience food sector. Therefore, all these elements will aid in the expansion of the market.

Based on Application, the market is segmented into Food & Beverage, Pharmaceutical, and Others. Based on Material, the market is segmented into Plastic, Paperboard, Metal, and Glass. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Placon Corporation
  • Tekni-Plex Inc.
  • Berry Global Group
  • Sonoco Products Company
  • Amcor Plc
  • DS Smith Plc
  • Genpak, LLC (Great Pacific Enterprises, Inc.)
  • Dart Container Corporation
  • Anchor Packaging LLC
  • Winpak Ltd. (Wihuri International Oy)

Market Report Segmentation

By Application

  • Food & Beverage
  • Pharmaceutical
  • Others

By Material

  • Plastic
  • Paperboard
  • Metal
  • Glass

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Rigid Trays Packaging Market, by Application
1.4.2 Asia Pacific Rigid Trays Packaging Market, by Material
1.4.3 Asia Pacific Rigid Trays Packaging Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Rigid Trays Packaging Market, by Application
4.1 Asia Pacific Food & Beverage Market, by Country
4.2 Asia Pacific Pharmaceutical Market, by Country
4.3 Asia Pacific Others Market, by Country
Chapter 5. Asia Pacific Rigid Trays Packaging Market, by Material
5.1 Asia Pacific Plastic Market, by Country
5.2 Asia Pacific Paperboard Market, by Country
5.3 Asia Pacific Metal Market, by Country
5.4 Asia Pacific Glass Market, by Country
Chapter 6. Asia Pacific Rigid Trays Packaging Market, by Country
6.1 China Rigid Trays Packaging Market
6.1.1 China Rigid Trays Packaging Market, by Application
6.1.2 China Rigid Trays Packaging Market, by Material
6.2 Japan Rigid Trays Packaging Market
6.2.1 Japan Rigid Trays Packaging Market, by Application
6.2.2 Japan Rigid Trays Packaging Market, by Material
6.3 India Rigid Trays Packaging Market
6.3.1 India Rigid Trays Packaging Market, by Application
6.3.2 India Rigid Trays Packaging Market, by Material
6.4 South Korea Rigid Trays Packaging Market
6.4.1 South Korea Rigid Trays Packaging Market, by Application
6.4.2 South Korea Rigid Trays Packaging Market, by Material
6.5 Singapore Rigid Trays Packaging Market
6.5.1 Singapore Rigid Trays Packaging Market, by Application
6.5.2 Singapore Rigid Trays Packaging Market, by Material
6.6 Malaysia Rigid Trays Packaging Market
6.6.1 Malaysia Rigid Trays Packaging Market, by Application
6.6.2 Malaysia Rigid Trays Packaging Market, by Material
6.7 Rest of Asia Pacific Rigid Trays Packaging Market
6.7.1 Rest of Asia Pacific Rigid Trays Packaging Market, by Application
6.7.2 Rest of Asia Pacific Rigid Trays Packaging Market, by Material
Chapter 7. Company Profiles
7.1 Placon Corporation
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Tekni-Plex Inc.
7.2.1 Company Overview
7.2.2 Recent Strategies and Developments
7.2.2.1 Product Launches and Product Expansions
7.2.3 SWOT Analysis
7.3 Berry Global Group, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Sonoco Products Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Amcor Plc
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 DS Smith Plc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 SWOT Analysis
7.7 Genpak, LLC (Great Pacific Enterprises, Inc.)
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Dart Container Corporation
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Anchor Packaging LLC
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Winpak Ltd. (Wihuri International Oy)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis

Companies Mentioned

  • Placon Corporation
  • Tekni-Plex Inc.
  • Berry Global Group
  • Sonoco Products Company
  • Amcor Plc
  • DS Smith Plc
  • Genpak, LLC (Great Pacific Enterprises, Inc.)
  • Dart Container Corporation
  • Anchor Packaging LLC
  • Winpak Ltd. (Wihuri International Oy)

Methodology

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