Asia Pacific Food Wrap Market Size & Outlook, 2024-2030
Asia Pacific food wrap market, 2018-2030 (US$M)
Related Markets
Asia Pacific food wrap market highlights
- The Asia Pacific food wrap market generated a revenue of USD 1,879.1 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,879.1 million |
| Market revenue in 2030 | USD 3,203.1 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.5% of the global food wrap market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,203.1 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific food wrap market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 54.71% in 2024. Horizon Databook has segmented the Asia Pacific food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
This positive outlook can be attributed to the increasing population, rapid urbanization, rising disposable incomes, and expanding food service and delivery sector in the region. The Asia Pacific Employment and Social Outlook 2024 report states that the total employment in Asia Pacific is expected to grow by approximately 15 million annually, driven by the rising working-age population.
Therefore, the increasing working population of the region is expected to fuel the demand for on-the-go and ready-to-eat food, which, in turn, is anticipated to drive the demand for convenient packaging products, including food wrap, across the region.
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Target buyers of Asia Pacific food wrap market databook
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Our clientele includes a mix of food wrap market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific food wrap market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific food wrap market size, by country, 2018-2030 (US$M)
Asia Pacific Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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