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Asia Pacific Chilled Food Packaging Market Forecast to 2030 - Regional Analysis - by Material (Plastics, Aluminum, Paper and Paperboard, and Others), Type (Boxes, Tubs and Cups, Cans, Pouches and Bags, and Others), and Application (Supermarket & Dairy Products, Meat and Poultry, Seafood, Fruits and Vegetables, and Others)
Market Report I 2023-09-29 I 142 Pages I The Insight Partners
The Asia Pacific chilled food packaging market is expected to grow from US$ 3,832.93 million in 2023 to US$ 5,433.04 million by 2030. It is estimated to grow at a CAGR of 5.1% from 2023 to 2030.
Expansion of Organized Retail and E-Commerce Fuel Asia Pacific Chilled Food Packaging Market
Organized retail and e-commerce platforms provide a broader reach and greater visibility for chilled food products. Consumers increasingly prefer organized retail formats due to the convenience and wide range of products they offer. Organized retail, such as supermarkets, hypermarkets, and specialty stores, offers a wide range of produce, dairy products, meat, seafood, ready-to-eat (RTE) meals, and more. The convenience of having multiple products under one roof attracts consumers and encourages them to choose organized retail over traditional retail formats. The diverse product assortment requires appropriate packaging to ensure product integrity, hygiene, and presentation on store shelves. According to the Food Industry Association, Food Marketing Institute, consumers have increasingly turned to grocery store food service for their meal plans, which is fueling the ongoing food-at-home trend. Additionally, chilled food packaging helps extend the shelf life of perishable products by providing protective barriers against oxygen, moisture, and contaminants. Hence, retailers can stock various chilled food items for longer periods, lowering the risk of spoilage and minimizing product waste. Proper packaging enables retailers to offer fresh and high-quality products to consumers.
Furthermore, e-commerce has revolutionized the food industry, with online grocery shopping and meal delivery services gaining popularity. Online food platforms offer unparalleled convenience to consumers. With a few clicks or taps, consumers can browse a wide variety of food options, place orders, and have their meals delivered to their doorsteps. This eliminates the need for travel, waiting in lines, and time-consuming dining process. Organized retail and e-commerce rely on efficient supply chains to meet consumer demands. Chilled food packaging becomes essential for these services to maintain the quality and freshness of perishable food items during transportation and delivery. Insulated packaging, temperature control solutions, and leak-resistant containers help ensure that chilled products are delivered to consumers in optimal condition. Proper packaging ensures product visibility, brand recognition, and consumer appeal, enhancing the chances of sales. With dedicated shelves, refrigerated sections, or an online listing, e-commerce platforms and retail stores showcase a wide range of chilled food items. Thus, the expansion of the organized retail and e-commerce industry has led to the growth of the chilled food packaging market.
Asia Pacific Chilled Food Packaging Market Overview
The Asia Pacific chilled food packaging market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The chilled food packaging market in Asia Pacific is mainly driven by the rising number of food chains, the high disposable income of individuals, and consumers' growing preference toward convenient foods, among other factors. Rapid infrastructure growth, including new airports and expressways, has prompted various food chains to set up their outlets in the country, creating demand for chilled food packaging. The growing online food orders due to the convenience offered by web-based platforms are also creating a huge demand for different chilled food packaging products, such as trays, pouches, boxes, and bags. China and India are among the major countries in Asia Pacific contributing to the chilled food packaging market. Countries such as China, India, Japan, and South Korea have the highest penetration of chilled food. Food service is one of the major segments of the Indian economy. Changing consumer dynamics and increasing market proliferation of brands are boosting the chilled food market growth in the region. The rising trend of visiting restaurants in urban India fuels the market growth in the country. Further, opening of more food outlets where convenient food is available and rising penetration of quick service restaurants are expected to create demand for chilled food packaging products.
Asia Pacific Chilled Food Packaging Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Chilled Food Packaging Market Segmentation
The Asia Pacific chilled food packaging market is segmented into material, type, value, application, and country.
Based on material, the Asia Pacific chilled food packaging market is segmented into plastic, aluminum, paper and paperboard, and others. The plastic segment held a larger share of the Asia Pacific chilled food packaging market in 2023.
Based on type, the Asia Pacific chilled food packaging market is segmented into boxes, tubs and cups, cans, pouches and bags, and others. The pouches and bags segment held the largest share of the Asia Pacific chilled food packaging market in 2023.
Based on application, the Asia Pacific chilled food packaging market is segmented into dairy products, meat and poultry, seafood, fruits and vegetables, and others. The dairy products segment held the largest share of the Asia Pacific chilled food packaging market in 2023.
Based on country, the Asia Pacific Chilled food packaging market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific chilled food packaging market in 2023.
Mondi Plc, Amcor Plc, Sonoco Products Co, Amerplast Ltd, Berry Global Group Inc, WestRock Co, Graphic Packaging Holding Co, Tetra Pak International SA, and Sealed Air Corp are some of the leading companies operating in the Asia Pacific chilled food packaging market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Matriculation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Assumptions and Limitations:
4. Asia Pacific Chilled Food Packaging Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers:
4.3.4 End Users
4.4 Expert Opinions
5. Asia Pacific Chilled Food Packaging Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Expansion of Organized Retail and E-Commerce
5.1.2 Increase in Demand for Convenience or Ready- to- Eat Food
5.2 Market Restraints
5.2.1 Stringent Government Regulations
5.3 Market Opportunities
5.3.1 Increasing Focus on Sustainability and Eco-Friendly Packaging
5.4 Future Trends
5.4.1 Advancements in Smart and Active Packaging
5.5 Impact Analysis of Drivers and Restraints
6. Chilled Food Packaging - Asia Pacific Market Analysis
6.1 Asia Pacific Chilled Food Packaging Market Overview
6.2 Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Chilled Food Packaging Market Analysis - By Material
7.1 Overview
7.2 Asia Pacific Chilled Food Packaging Market, By Material (2022 and 2030)
7.3 Plastic
7.3.1 Overview
7.3.2 Plastic: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Aluminum
7.4.1 Overview
7.4.2 Aluminum: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Paper and Paperboard
7.5.1 Overview
7.5.2 Paper and Paperboard: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Chilled Food Packaging Market Analysis - By Type
8.1 Overview
8.2 Asia Pacific Chilled Food Packaging Market, By Type (2022 and 2030)
8.3 Boxes
8.3.1 Overview
8.3.2 Boxes: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Tubs and Cups
8.4.1 Overview
8.4.2 Tubs and Cups: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Cans
8.5.1 Overview
8.5.2 Cans: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Pouches and Bags
8.6.1 Overview
8.6.2 Pouches and Bags: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Chilled Food Packaging Market Analysis - By Application
9.1 Overview
9.2 Asia Pacific Chilled Food Packaging Market, By Application (2022 and 2030)
9.3 Dairy Products
9.3.1 Overview
9.3.2 Dairy Products: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Meat and Poultry
9.4.1 Overview
9.4.2 Meat and Poultry: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Seafood
9.5.1 Overview
9.5.2 Seafood: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Fruits and Vegetables
9.6.1 Overview
9.6.2 Fruits and Vegetables: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Chilled Food Packaging Market - Country Analysis
10.1 Overview
10.1.1.1 Australia: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Australia: Asia Pacific Chilled Food Packaging Market, by Material
10.1.1.1.2 Australia: Asia Pacific Chilled Food Packaging Market, by Type
10.1.1.1.3 Australia: Asia Pacific Chilled Food Packaging Market, by Application
10.1.1.2 China: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 China: Asia Pacific Chilled Food Packaging Market, by Material
10.1.1.2.2 China: Asia Pacific Chilled Food Packaging Market, by Type
10.1.1.2.3 China: Asia Pacific Chilled Food Packaging Market, by Application
10.1.1.3 India: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 India: Asia Pacific Chilled Food Packaging Market, by Material
10.1.1.3.2 India: Asia Pacific Chilled Food Packaging Market, by Type
10.1.1.3.3 India: Asia Pacific Chilled Food Packaging Market, by Application
10.1.1.4 Japan: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Japan: Asia Pacific Chilled Food Packaging Market, by Material
10.1.1.4.2 Japan: Asia Pacific Chilled Food Packaging Market, by Type
10.1.1.4.3 Japan: Asia Pacific Chilled Food Packaging Market, by Application
10.1.1.5 South Korea: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 South Korea: Asia Pacific Chilled Food Packaging Market, by Material
10.1.1.5.2 South Korea: Asia Pacific Chilled Food Packaging Market, by Type
10.1.1.5.3 South Korea: Asia Pacific Chilled Food Packaging Market, by Application
10.1.1.6 Rest of Asia Pacific: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Chilled Food Packaging Market, by Material
10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Chilled Food Packaging Market, by Type
10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Chilled Food Packaging Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Mondi Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Amcor Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sonoco Products Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Amerplast Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Berry Global Group Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 WestRock Co
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Graphic Packaging Holding Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Tetra Pak International SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Sealed Air Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
Table 2. Australia Asia Pacific Chilled Food Packaging Market, by Material- Revenue and Forecast to 2030 (US$ Million)
Table 3. Australia Asia Pacific Chilled Food Packaging Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 4. Australia: Asia Pacific Chilled Food Packaging Market, by Application- Revenue and Forecast to 2030 (US$ Million)
Table 5. China Asia Pacific Chilled Food Packaging Market, by Material - Revenue and Forecast to 2030 (US$ Million)
Table 6. China Asia Pacific Chilled Food Packaging Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 7. China: Asia Pacific Chilled Food Packaging Market, by Application- Revenue and Forecast to 2030 (US$ Million)
Table 8. India Asia Pacific Chilled Food Packaging Market, by Material - Revenue and Forecast to 2030 (US$ Million)
Table 9. India Asia Pacific Chilled Food Packaging Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 10. India: Asia Pacific Chilled Food Packaging Market, by Application- Revenue and Forecast to 2030 (US$ Million)
Table 11. Japan Asia Pacific Chilled Food Packaging Market, by Material - Revenue and Forecast to 2030 (US$ Million)
Table 12. Japan Asia Pacific Chilled Food Packaging Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 13. Japan: Asia Pacific Chilled Food Packaging Market, by Application- Revenue and Forecast to 2030 (US$ Million)
Table 14. South Korea Asia Pacific Chilled Food Packaging Market, by Material - Revenue and Forecast to 2030 (US$ Million)
Table 15. South Korea Asia Pacific Chilled Food Packaging Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 16. South Korea: Asia Pacific Chilled Food Packaging Market, by Application- Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Asia Pacific Asia Pacific Chilled Food Packaging Market, by Material - Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Asia Pacific Asia Pacific Chilled Food Packaging Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Asia Pacific: Asia Pacific Chilled Food Packaging Market, by Application- Revenue and Forecast to 2030 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Chilled Food Packaging Market Segmentation
Figure 2. Asia Pacific Chilled Food Packaging Market Segmentation - By Country
Figure 3. Asia Pacific Chilled Food Packaging Market Overview
Figure 4. Plastic Segment Held the Largest Market Share in 2022
Figure 5. Asia Pacific Held the Largest Market Share in 2022
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Asia Pacific Chilled Food Packaging Market
Figure 8. Expert Opinions
Figure 9. Asia Pacific Chilled Food Packaging Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Chilled Food Packaging Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Asia Pacific Chilled Food Packaging Market Revenue Share, By Material (2022 and 2030)
Figure 12. Plastic: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 13. Aluminum: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 14. Paper and Paperboard: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 15. Others: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 16. Asia Pacific Chilled Food Packaging Market Revenue Share, By Type (2022 and 2030)
Figure 17. Boxes: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 18. Tubs and Cups: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 19. Cans: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 20. Pouches and Bags: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 21. Others: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 22. Asia Pacific Chilled Food Packaging Market Revenue Share, By Application (2022 and 2030)
Figure 23. Dairy Products: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 24. Meat and Poultry: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 25. Seafood: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 26. Fruits and Vegetables: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 27. Others: Asia Pacific Chilled Food Packaging Market - Revenue and Forecast To 2030 (US$ Million)
Figure 28. Asia Pacific Chilled Food Packaging Market, by Key Country - Revenue (2022) (US$ Mn)
Figure 29. Asia Pacific Chilled Food Packaging Market Revenue Share, by Key Country (2022 and 2030)
Figure 30. Australia: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
Figure 31. China: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
Figure 32. India: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
Figure 33. Japan: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
Figure 34. South Korea: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
Figure 35. Rest of Asia Pacific: Asia Pacific Chilled Food Packaging Market -Revenue and Forecast to 2030 (US$ Million)
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