Market Size of Asia Pacific Foodservice Paper Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.08 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Foodservice Paper Packaging Market Analysis
The Asia-Pacific Foodservice Paper Packaging Market is expected to register a CAGR of 5.08% during the forecast period. The food service industry has grown to become a significant part of consumer spending. As this trend increases, the packaging sector is expected to play a crucial role in ensuring consumer food safety and convenience. For instance, proper packaging and labelling allow food preparers to know the food source, its right holding temperature, and the necessary cooking. One of the most used products in food service packaging is paper cups, which have gained wide acceptance due to their significant properties, such as ease of use, hygiene, and safety. They also meet the needs of modern life cost-effectively.
- Various factors, such as changing lifestyles, increasing disposable income, and rapid urbanization in developing countries, especially the growing middle-income population, are increasing the demand for food service paper packaging. Population density has increased demand for packaged food, with Millenials contributing to the growth.
- China has the largest share in the Asia-Pacific foodservice paper packaging market. This country's large population and urbanization have increased demand for the foodservice sector. Chinese consumers are now looking for easy-to-use and quality food products.
- Online food delivery partners played a significant role in driving the demand for the foodservice packaging market as direct contact with customers was restricted to contain the spread of COVID-19.
- The growing innovations in paper packaging in the foodservice market significantly contribute to the market's growth rate. For instance, in January 2022, Hansol Paper launched Hansol EB (Eco Barrier), a brand of environmentally friendly paper packaging. This brand of environmentally friendly paper packaging was created to take the place of flexible packaging like plastic film and aluminum foil. Utilizing advanced coating technology exclusive to Hansol Paper, Hansol EB is produced by producing a barrier coat on a base paper that has been particularly developed. Due to its capacity to maintain the integrity of the contents as a result of its high barrier qualities, it is preferable to current paper packaging materials.
- However, the high recycling cost for the materials used for sustainable foodservice packaging might hinder the market's growth. Moreover, the Russia-Ukraine war has an impact on the overall packaging ecosystem.
APAC Foodservice Paper Packaging Industry Segmentation
Foodservice packaging products are used for the service or packaging of prepared foods and drinks in takeaway or eat-in foodservice establishments, and increasingly for home delivery. The scope of this study is limited to packaging products made of paper, and other types of materials are excluded from the scope of the study. Asia-Pacific Foodservice The paper packaging market is segmented by Type (Cups & Lids, Boxes & Cartons), Application (Fruits and Vegetables, Dairy Products, Bakery and Confectionery, Beverages, Meat & Poultry), End User (Restaurants, Retail Establishments, Institutional) and Country (China, Japan, South Korea, India). The market sizes and forecasts are provided in terms of value (in USD million) for all the above segments.
By Type | |
Cups & Lids | |
Boxes & Cartons |
By Application | |
Fruits and vegetables | |
Dairy products | |
Bakery & Confectionery | |
Beverages | |
Meat & Poultry | |
Others |
By End User | |
Restaurants (Quick & Full-service based) | |
Retail establishments | |
Institutional | |
Other End-user Applications |
By Country | |
China | |
Japan | |
South Korea | |
India | |
Rest of Countries |
Asia Pacific Foodservice Paper Packaging Market Size Summary
The Asia-Pacific Foodservice Paper Packaging Market is experiencing significant growth, driven by the expanding food service industry and increasing consumer demand for convenient and safe food packaging solutions. The market is characterized by the widespread use of paper cups and other paper-based packaging materials, which are favored for their hygiene, safety, and cost-effectiveness. Factors such as changing lifestyles, rising disposable incomes, and rapid urbanization, particularly among the middle-income population, are fueling the demand for foodservice paper packaging. The market is further bolstered by the growing popularity of online food delivery services, which have become essential during the COVID-19 pandemic, as they rely heavily on paper-based packaging to minimize direct contact with customers.
China holds the largest share of the market, with its vast population and urbanization driving demand for foodservice packaging. Innovations in paper packaging, such as Hansol Paper's Eco Barrier, are contributing to market growth by offering environmentally friendly alternatives to traditional packaging materials. However, challenges such as high recycling costs and geopolitical tensions, like the Russia-Ukraine war, pose potential obstacles to market expansion. In India, the foodservice paper packaging market is also witnessing rapid growth, supported by government initiatives and the increasing popularity of online meal ordering. The market is highly competitive, with numerous companies striving to enhance their market share through product customization and sustainable packaging solutions.
Asia Pacific Foodservice Paper Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Porters Five Force Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Value Chain / Supply Chain Analysis
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1.4 Assessment of the Impact of COVID -19 on the Market
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1.5 Overview of the Global Foodservice Paper Packaging Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Cups & Lids
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2.1.2 Boxes & Cartons
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2.2 By Application
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2.2.1 Fruits and vegetables
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2.2.2 Dairy products
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2.2.3 Bakery & Confectionery
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2.2.4 Beverages
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2.2.5 Meat & Poultry
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2.2.6 Others
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2.3 By End User
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2.3.1 Restaurants (Quick & Full-service based)
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2.3.2 Retail establishments
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2.3.3 Institutional
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2.3.4 Other End-user Applications
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2.4 By Country
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2.4.1 China
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2.4.2 Japan
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2.4.3 South Korea
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2.4.4 India
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2.4.5 Rest of Countries
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Asia Pacific Foodservice Paper Packaging Market Size FAQs
What is the current Asia Pacific Foodservice Paper Packaging Market size?
The Asia Pacific Foodservice Paper Packaging Market is projected to register a CAGR of 5.08% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Foodservice Paper Packaging Market?
SCG Packaging Co. Ltd., International Paper Company, Sarnti Packaging Co. Ltd, Huhtamaki Group and Tetra Pak are the major companies operating in the Asia Pacific Foodservice Paper Packaging Market.