Market Share of Asia Pacific Plastic Packaging Film Industry
The Asia-Pacific plastic packaging film market is moderately fragmented. The major market players include Toray Advanced Film Co. Ltd, Berry Global Inc., and UFlex Limited. The market comprises major and local players supplying raw materials and packaging services.
- April 2024: UFlex Limited secured a long-term power purchase agreement (PPA) with Amplus Phoenix Private Limited. This agreement was specifically tailored for UFlex's packaging films plant in Karnataka. As part of its commitment to achieving net-zero emissions by 2035, or even earlier, UFlex aims to slash its carbon footprint by an estimated 19,000 tCO2e significantly.
- March 2024: TOPPAN Inc., a wholly owned subsidiary of TOPPAN Holdings Inc., in collaboration with India's TOPPAN Speciality Films Private Limited (TSF), unveiled GL-SP, a cutting-edge barrier film utilizing biaxially oriented polypropylene (BOPP) as its base. This innovative product is set to join the esteemed lineup of sustainable packaging solutions under the TOPPAN Group's GL BARRIER1 series. TOPPAN and TSF commenced sales of GL-SP in April 2024, targeting the packaging of dry goods primarily in the Indian and other Asian markets.
Asia Pacific Plastic Packaging Film Market Leaders
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Toray Advanced Film Co. Ltd
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Kingchuan Packaging
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UFlex Limited
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Cosmo Films Limited
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Toppan Packaging Service Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
