Market Share of Asia-Pacific Food Packaging Industry
The Asia-Pacific food packaging is a fragmented market. Companies are attempting to enhance their market share and revenue by offering significant product customization. In order to fulfill increasing government criteria, they are working to replace old materials with biodegradable ones. The industry is highly competitive due to the existence of multiple firms.
- January 2022 - Amcor, one of the prominent leaders in developing and producing responsible packaging solutions, launched a new platform for paper-based packaging products: AmFiber. AmFiber innovations aim to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits to meet the changing needs of consumers.
- February 2022 - Aligned with its Twentyby30 program objectives to improve the circular economy, Crown Holdings Inc. announced its commitment to work with industry partners to achieve ambitious new global recycling rates goals for aluminum beverage cans. Designed to be completed by 2030, the targets focus on the inherent recyclability of metal to advance Crown's sustainability efforts and commitments to foster a more responsible industry.
APAC Food Packaging Market Leaders
Sealed Air Corporation
Berry Global Inc.
Huhtamaki Group
Amcor plc
Crown Holdings Inc.
*Disclaimer: Major Players sorted in no particular order
