Asia Pacific Single-use Plastic Packaging Industry Overview
The Asia-Pacific single-use packaging market is highly fragmented. Several global and regional players, such as Berry Global Inc., Amcor Group GmbH, Huhtamäki Oyj, and Hotpack Packaging Industries LLC, are vying for attention. This market is characterized by low product differentiation, growing levels of product penetration, and high levels of competition.
- August 2023: Amcor, a global player in developing and manufacturing sustainable packaging solutions, announced the acquisition of Phoenix Flexibles, adding capacity to the fast-growing Indian market. Phoenix Flexibles has a plant in Gujarat, India, and generates around USD 20 million in annual revenue from flexible packaging sales for applications such as food, home care, and personal care.
Asia Pacific Single-use Plastic Packaging Market Leaders
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Berry Global Inc
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Amcor Group GmbH
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Huhtamaki Oyj
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Hotpack Packaging Industries LLC
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Graphic Packaging International, LLC
- *Disclaimer: Major Players sorted in no particular order