Market Share of Asia Pacific Foodservice Paper Packaging Industry
The Asia-Pacific Foodservice Paper Packaging Market is fragmented. 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. Some of the vendors operating in the market include Huhtamaki Group, Amcor PLC, SCG Packaging Co. Ltd., International Paper Company, Sarnti Packaging Co. Ltd., and Tetra Pak Group, among others.
In March 2022, a paperboard manufacturing facility in Sumatra, Indonesia, costing IDR 33.4 trillion (USD 2.33 billion), was announced to be constructed by pulp and paper manufacturer Asia Pacific Resources International Ltd. (APRIL Group). The factory, which will be part of APRIL's operations in the province of Riau, will be able to make 1.2 million metric tons of 100% recyclable and biodegradable folding box board every year.
In January 2022, Amcor, one of the prominent players in developing sustainable packaging solutions, introduced a new platform for paper-based packaging goods called AmFiber. AmFiber's new ideas try to rethink the possibilities of traditional paper packaging by adding more features and practical benefits to meet changing consumer needs.
APAC Foodservice Paper Packaging Market Leaders
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SCG Packaging Co. Ltd.
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International Paper Company
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Sarnti Packaging Co. Ltd
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Huhtamaki Group
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Tetra Pak
*Disclaimer: Major Players sorted in no particular order
