PUBLISHER: KBV Research | PRODUCT CODE: 1534595
PUBLISHER: KBV Research | PRODUCT CODE: 1534595
Asia Pacific Rigid Trays Packaging Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Pharmaceutical, and Others), By Material (Plastic, Paperboard, Metal, and Glass), By Country and Growth Forecast, 2024 - 2031
The Asia Pacific Rigid Trays Packaging Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $15,816.5 Million 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)
Asia Pacific Rigid Trays Packaging 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
- 3.1.1 Overview
- 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
LIST OF TABLES
- TABLE 1 Asia Pacific Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 3 Asia Pacific Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 4 Asia Pacific Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 5 Asia Pacific Food & Beverage Market, by Country, 2020 - 2023, USD Million
- TABLE 6 Asia Pacific Food & Beverage Market, by Country, 2024 - 2031, USD Million
- TABLE 7 Asia Pacific Pharmaceutical Market, by Country, 2020 - 2023, USD Million
- TABLE 8 Asia Pacific Pharmaceutical Market, by Country, 2024 - 2031, USD Million
- TABLE 9 Asia Pacific Others Market, by Country, 2020 - 2023, USD Million
- TABLE 10 Asia Pacific Others Market, by Country, 2024 - 2031, USD Million
- TABLE 11 Asia Pacific Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 12 Asia Pacific Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 13 Asia Pacific Plastic Market, by Country, 2020 - 2023, USD Million
- TABLE 14 Asia Pacific Plastic Market, by Country, 2024 - 2031, USD Million
- TABLE 15 Asia Pacific Paperboard Market, by Country, 2020 - 2023, USD Million
- TABLE 16 Asia Pacific Paperboard Market, by Country, 2024 - 2031, USD Million
- TABLE 17 Asia Pacific Metal Market, by Country, 2020 - 2023, USD Million
- TABLE 18 Asia Pacific Metal Market, by Country, 2024 - 2031, USD Million
- TABLE 19 Asia Pacific Glass Market, by Country, 2020 - 2023, USD Million
- TABLE 20 Asia Pacific Glass Market, by Country, 2024 - 2031, USD Million
- TABLE 21 Asia Pacific Rigid Trays Packaging Market, by Country, 2020 - 2023, USD Million
- TABLE 22 Asia Pacific Rigid Trays Packaging Market, by Country, 2024 - 2031, USD Million
- TABLE 23 China Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 24 China Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 25 China Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 26 China Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 27 China Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 28 China Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 29 Japan Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 30 Japan Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 31 Japan Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 32 Japan Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 33 Japan Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 34 Japan Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 35 India Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 36 India Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 37 India Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 38 India Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 39 India Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 40 India Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 41 South Korea Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 42 South Korea Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 43 South Korea Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 44 South Korea Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 45 South Korea Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 46 South Korea Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 47 Singapore Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 48 Singapore Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 49 Singapore Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 50 Singapore Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 51 Singapore Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 52 Singapore Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 53 Malaysia Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 54 Malaysia Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 55 Malaysia Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 56 Malaysia Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 57 Malaysia Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 58 Malaysia Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 59 Rest of Asia Pacific Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 60 Rest of Asia Pacific Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 61 Rest of Asia Pacific Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 62 Rest of Asia Pacific Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 63 Rest of Asia Pacific Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 64 Rest of Asia Pacific Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 65 Key Information - Placon Corporation
- TABLE 66 Key Information - Tekni-Plex Inc.
- TABLE 67 Key Information - Berry Global Group, Inc.
- TABLE 68 Key Information - Sonoco Products Company
- TABLE 69 Key Information - Amcor Plc
- TABLE 70 Key Information - DS Smith Plc
- TABLE 71 Key Information -Genpak, LLC
- TABLE 72 Key Information - Dart Container Corporation
- TABLE 73 Key Information - Anchor Packaging LLC
- TABLE 74 Key Information - Winpak Ltd.
