Food Packaging Market Share

Asia Pacific Market Forecast

The Asia Pacific food packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of market can be ascribed to the increasing urban population, growing demand for packaged food, the rise in online food ordering, and increasing disposable income in the region. Additionally, there has been surging awareness among the businesses, and consumers for sustainable packaging, and it is expected to boost the market’s growth in the region. Furthermore, a rising demand and export for frozen food in the countries such as China, and India, is predicted to add up the global market. According to the World Bank data, in 2021, the ratio of urban populations in East Asia and the Pacific reached 61% of the total population of the region. Moreover, the China exports of agri-food commodities accounted for nearly USD 64 billion in the year 2019.