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Published Date: 2017-04-10Number of Pages: 182

Flexible Packaging Market (Product Type - Pouches (Stand-up Pouches, Vacuum Pouches, and Retort Pouches), Bags (Gusseted Bags and Wicketed Bags), and Films & Rollstocks; Layer Type - Mono Layer and Multi-layer (Two Layers, Three Layers, Five Layers, and Seven Layers); Material Type - Polyethylene (PE), Polypropylene (PP) (Bi-axially Oriented Polypropylene (BOPP), Copolymer Polypropylene (COPP), and Oriented Polypropylene (OPP)), Nylon, and Polystyrene; End Use - Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Homecare and Toiletries, and Sports Goods) - ASEAN Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

ASEAN Flexible Packaging Market: Snapshot

The use of flexible sheets and films in the packaging industry has been present for a substantial amount of time, but has seen commercial success only in the recent decades. Modern flexible packaging provide varying levels of flexibility while maintaining the highest level of durability possible, keeping their primary job of protecting the contents. These factors have strongly championed the use of flexible packaging in the ASEAN regions, where high population density, growing consumerism, increasing need for brand appeal, and the savings in size of package and space that they can achieve. 

The ASEAN flexible packaging market is likely to show an optimistic CAGR of 5.7% within a forecast period from 2016 to 2024. It is expected to reach US$6.71 bn by the end of 2024, from its valuation of US$4.32 bn in 2015. The primary propellant for the market currently is the large scale consolidation efforts taken by the leading players in the market. The market also benefits substantially from factors such as economic advancements in the region, increasing rate of investments by multinational players, and dynamic characteristics of the population. Megatrends such as the flourishing modern retail industry and the increasing growth of food and beverages industries is also contributing to the growth of the ASEAN flexible packaging market. Food and beverages in the ASEAN region takes up a majority of the market for flexible packaging. Therefore, product development efforts initiated by manufacturers of flexible packaging in the ASEAN region are targeted towards key food and beverages clients. 

asean flexible packaging market

Indonesia to Continue to Shine in ASEAN Flexible Packaging Market

Based on ASEAN nations, the flexible packaging market has been segmented into Indonesia, Thailand, Malaysia, Vietnam, Philippines, and Myanmar. Indonesia is currently estimated to constitute the leading share in the ASEAN flexible packaging market, with Thailand in second place. The markets in Philippines, Vietnam, and Myanmar are likely to show a relatively higher growth rate over the coming years. GDP growth and a rise in disposable income in the ASEAN region will play a key role in propelling the demand for flexible packaging over the coming years.

Pouches to Maintain Dominant Share, Multi-layered Packaging Gains Traction

Over the coming years, the ASEAN flexible packaging market is forecast to swing from single layer packaging to multilayer variants. The latter segment can be divided further into two layers, three layers, five layers and seven layers. Five-layered flexible packaging and seven-layered flexible packaging are expected to take up the greater shares in the overall market for the given forecast period, with the market segment on the basis of layer types. However, the multi-layered packaging segment currently shows greater barriers to growth, such as high costs of manufacturing and overall reluctance of consumers to purchase the items with costlier packaging. The promotion of this segment as a highly hygienic and safe option for packaging of food products is likely to boost its demand over the coming years. 

Based on products, the ASEAN flexible packaging market can be divided into pouches, bags, films and rollstocks, and other flexible packaging products. Pouches took up the leading share in the market in 2015, in terms of demand volume and growth rate. This segment is additionally expected to remain a highly attractive over the forecast period. The pouches segment is further divided into standup pouches, retort pouches, and vacuum pouches, among which standup and retort pouches are forecast to show a profitable future. The segment of bags is divided into wicketed bags and gusseted bags. 

The leading players in the ASEAN flexible packaging market so far, have included Sonoco Products Company, Bemis Company, Inc., Amcor Limited, Constantia Flexibles GmbH, Mondi Group, Berry Plastics Group, Inc., and AR Packaging Group.

ASEAN Flexible Packaging Market: Overview

This Transparency Market Research report examines the ASEAN flexible packaging market for the forecast period 2016-2024. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the ASEAN flexible packaging market. 

The report begins with an overview of the ASEAN flexible packaging market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the ASEAN market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.

ASEAN Flexible Packaging Market: Research Methodology

To compute the market size, in-depth secondary research is done.  Data points such as regional splits and market split by material type, and end use has been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the ASEAN revenue generated by the sales of flexible packaging market. TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of flexible packaging market.

TMR not only conduct forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of product type, layer type, material type, end use and region. The report analyses the ASEAN flexible packaging market in terms of value (US$ Mn) and volume (‘000 MT)

ASEAN Flexible Packaging Market: Key Segments

Another vital feature of this report is the analysis of the flexible packaging market by region, material type, layer type and end use; and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the ASEAN flexible packaging market. 

To understand key segments in terms of their growth and performance in the flexible packaging market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the ASEAN flexible packaging market.

In the final section of the report, flexible packaging market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of flexible packaging market. The report contains company profiles of some of the key players in the ASEAN flexible packaging market.

Companies Mentioned in the Report

Some of the key players in ASEAN flexible packaging market include Amcor Limited, Bemis Company, Inc., Berry Plastics Group, Inc., Mondi Group, Sonoco Products Company, Constantia Flexibles GmbH and AR Packaging Group.

By Product Type

  • Pouches
    • Stand-up Pouches
    • Vacuum Pouches
    • Retort Pouches
  • Bags
    • Gusseted Bags
    • Wicketed Bags
  • Films and Rollstocks
  • Others

By Layer Type

  • Mono Layer
  • Multi-Layer
    • Two Layers
    • Three Layers
    • Five Layers
    • Seven Layers
    • Others

By Material Type

  • Polyethylene (PE)
  • Polypropylene (PP)
    • Bi-axially oriented polypropylene (BOPP)
    • Copolymer Polypropylene (COPP)
    • Oriented Polypropylene (OPP)
  • Nylon
  • Polystyrene
  • Others

By End use

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Homecare and Toiletries
  • Sports Goods
  • Others

By Region

  • Indonesia
  • Thailand
  • Malaysia
  • Philippines
  • Vietnam
  • Myanmar

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