Asia-Pacific: Packaging Materials Market 2025

Packaging Materials Market Size in Asia-Pacific

In 2022, the Asia-Pacific packaging materials market decreased by -1.3% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Packaging Materials Production in Asia-Pacific

In value terms, packaging materials production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 42%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Packaging Materials Exports

Exports in Asia-Pacific

In 2022, shipments abroad of packaging materials decreased by -3.2% to X tons, falling for the second consecutive year after nine years of growth. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, packaging materials exports expanded rapidly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.6% against 2012 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China was the key exporter of packaging materials in Asia-Pacific, with the volume of exports reaching X tons, which was near 35% of total exports in 2022. Japan (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by India (12%), South Korea (10%), Indonesia (8.2%) and Australia (5.5%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to packaging materials exports from China stood at +11.7%. At the same time, India (+26.9%), Japan (+13.6%), South Korea (+10.2%), Indonesia (+9.5%) and Thailand (+2.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +26.9% from 2012-2022. By contrast, Australia (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Japan and South Korea increased by +11, +9.5, +5.9 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest packaging materials supplier in Asia-Pacific, comprising 47% of total exports. The second position in the ranking was taken by Japan ($X), with a 12% share of total exports. It was followed by India, with a 9% share.

In China, packaging materials exports expanded at an average annual rate of +13.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+2.6% per year) and India (+25.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 21%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.6%), while the other leaders experienced more modest paces of growth.

Packaging Materials Imports

Imports in Asia-Pacific

In 2022, purchases abroad of packaging materials decreased by -8.1% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, packaging materials imports dropped slightly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.1% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

China represented the major importing country with an import of around X tons, which recorded 48% of total imports. Vietnam (X tons) took a 7% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (6.8%) and Thailand (4.7%). India (X tons), South Korea (X tons), Indonesia (X tons), Bangladesh (X tons), the Philippines (X tons), Japan (X tons), Australia (X tons), Singapore (X tons) and New Zealand (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the packaging materials imports, with a CAGR of +14.7% from 2012 to 2022. At the same time, India (+8.2%), Thailand (+7.2%), Indonesia (+4.9%), Vietnam (+4.6%), Bangladesh (+4.1%), South Korea (+2.9%), New Zealand (+2.7%), Malaysia (+2.6%) and the Philippines (+2.1%) displayed positive paces of growth. Singapore and Australia experienced a relatively flat trend pattern. By contrast, Japan (-3.0%) illustrated a downward trend over the same period. China (+25 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, South Korea, Australia, the Philippines, Malaysia and Japan saw its share reduced by -1.5%, -1.7%, -1.7%, -2%, -3.3% and -4.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported packaging materials in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +9.1%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+6.0% per year) and South Korea (+3.5% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by 4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 23%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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