Japan Plastic Packaging Market Size, Share, COVID-19 Impact Analysis, and Market Insights Forecasts to 2032
- The Japan Plastic Packaging Market Size was valued at USD xx.xx Billion in 2022.
- The market is growing at a CAGR of 4.37% from 2022 to 2032.
- The Japan Plastic Packaging Market Size is expected to reach USD xx.xx Billion by 2032.
- Japan is expected to grow the fastest during the forecast period.
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The Japan Plastic Packaging Market Size is expected to reach USD xx.xx Billion by 2032, at a CAGR of 4.37% during the forecast period 2022 to 2032.
Plastic packaging has gained popularity among end-users over other products because it is lightweight as well as indestructible, making it easy to carry around. Because of the less expensive manufacturing processes, even major manufacturers choose to employ plastic packaging. Furthermore, the emergence of polymers that incorporate polyethylene terephthalate (PET) and high-density polyethylene (HDPE) is broadening the use of plastic bottle usage. PET bottles are becoming increasingly popular in the Japanse market. The expansion of major consumer commercial sectors such as personal and household care, pharmaceuticals, food and beverages, and the increasing popularity of e-commerce globally are the main factors contributing to the growth of the Japan plastic packaging market. Furthermore, because of the hectic lifestyles in Japan, individuals have a greater demand for convenient things, which increases the demand for plastic packaging. Plastic packaging is less expensive to produce than other types of packaging since it uses a lesser amount of resources and energy.
This research report categorizes the market for Japan Plastic Packaging Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Plastic Packaging Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Plastic Packaging Market.
Japan Plastic Packaging Market Report Coverage
|Forecast Period 2022-2032 CAGR:||4.37% CAGR|
|Historical Data for:||2020 to 2022|
|No. of Pages:||120|
|Tables, Charts & Figures:||94|
|Segments covered:||By Product Type, By Verticals and Country Statistics (Demand, Price, Growth, Competitors, Challenges)|
|Companies Covered:||• Gunze Ltd. • Daikin Industries, Ltd. • Nikkiso • Takigawa Corporation • Toyobo • DNP • Shimadzu • JSP • Sekisui Plastics • Jnc Filter • Toyo Seikan Group Holdings • Fukuvi Chemical Industry • Asahi Kasei Corporation|
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Consumers are gradually growing more health-conscious, and they choose packets that allow them to control their portion sizes. As a result, customer demand for rigid plastic package goods with screw-top closures in the non-alcoholic beverage sector is increasing. Plastic provides both hard and flexible packaging, as well as portable and readily available packaging, which is why essential industries such as food and beverage, household & personal care, and industrial favor it as a replacement over metallic or glass containers. Furthermore, the rapid development of the e-commerce sector is projected to open up new opportunities for the expansion of the industry. To cut delivery costs, e-commerce enterprises want flexible and lightweight packing solutions. The expansion of internet-based purchasing for everyday wholesome foods, food and beverage (FMCG) goods, technological gadgets, and apparel is likely to drive Japan plastic packaging market growth. Moreover, the increased adoption of cutting-edge packaging technologies such as proactive packaging, altered-climate packaging, food-grade packaging, and recyclable packaging is likely to facilitate the opening of potentially newer possibilities for Japan plastic packaging market throughout the projection period.
- In 2022, the flexible plastic segment accounted for the largest revenue share of more than 37.8% over the forecast period.
On the basis of product type, the Japan Plastic Packaging Market is segmented into rigid plastic and flexible plastic. Among these, the industrial batteries segment is dominating the market with the largest revenue share of 47.8% over the forecast period. The flexible packaging is further classified into four sub-categories: wraps and films, bags, pouches, and others. Pouches have recently gained traction in the Japanese market since they use less plastic material to manufacture than rigid items such as containers and bottles. Furthermore, the simplicity of many sealing options in pouches, such as a closure with a zipper, tear notch, and spout, facilitates fast closure and opening of the packaging, attracting consumers to flexible plastic packaging. While growing food demand in Japan as the population grows is predicted to drive growth in the flexible packaging market throughout the forecast period. Furthermore, bioplastics have witnessed an increase in demand as makers of flexible packaging solutions utilize materials that are more environmentally friendly.
- In 2022, the food & beverages segment accounted for the largest revenue share of more than 58.2% over the forecast period.
On the basis of verticals, the Japan Plastic Packaging Market is segmented into food & beverages, industrial packaging, pharmaceuticals, personal & household care, and others. Among these, the electronics segment is dominating the market with the largest revenue share of 58.2% over the forecast period. Changes in consumer lifestyles and food tastes have resulted in the expansion of the packaging and processed food production sectors, which is expected to drive demand for plastic packaging. Also, increasing consumption of alcoholic and non-alcoholic beverages, especially amongst the young population is expected to support the market growth.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan Plastic Packaging Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Gunze Ltd.
- Daikin Industries, Ltd.
- Takigawa Corporation
- Sekisui Plastics
- Jnc Filter
- Toyo Seikan Group Holdings
- Fukuvi Chemical Industry
- Asahi Kasei Corporation
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In February 2021, Toppan Printing has successfully collaborated with Unilever Japan on quality tests resulting in the adoption of mono-material flexible packaging for “Lux Luminique Sachet Set Limited Design,”. Toppan’s mono-material packaging uses a PET-based grade of GL Film a vapor-deposited transparent barrier film from the GL Barrier range and combines it with PET sealant. These films are used for a wide range of items in the food, medical, pharmaceutical, and industrial materials sectors.
- In March 2021, Toyo Ink SC Holdings Co.Ltd., the parent company of Toyo Ink Group, a specialty chemicals manufacturing conglomerate, and ITOCHU Corporation, a leading global trading house, have entered into a cooperative agreement to establish a plastic recycling scheme for the recovery and reuse of multilayer film packaging materials. The joint goal is to increase the rate of plastic material recycling in Japan and internationally to more than 40%. In Japan, the recycling rate is currently around 27%.
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan Plastic Packaging Market based on the below-mentioned segments:
Japan Plastic Packaging Market Size, By Product Type
- Bottles & Jars
- Trays & Containers
- Caps & Closures
- Wraps & Films
Japan Plastic Packaging Market Share, By Verticals
- Food & Beverages
- Industrial Packaging
- Personal & Household Care
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