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November 22, 2023 | Tokyo

Japan: Packaging materials Industry trends and prospects

Japan: Packaging materials Industry trends and prospects

(Tokyo, June 2023) Both shipment value and shipment quantity increased: According to the announcement (some estimates) by the Japan Packaging Technology Association, the shipping value of packaging and containers in 2021 will be 5,649.6 billion yen (2.2% increase from the previous year), and the shipment volume will be 19.2 million tons (3.8% increase from the previous year). Both numbers started to increase.

In recent years, as environmental awareness has increased, lighter containers and simpler packaging have become commonplace. The development of products that utilize recyclable materials and high-performance products that are characterized by high safety and convenience is progressing.

Market trends in 2022: “Packaging paper, glass containers, and plastic containers are on a recovery trend with increases for the second consecutive year”

According to the Ministry of Economy, Trade and Industry's "Production Statistics Survey," the total production volume of the four main types of packaging materials from January to October 2022 was 2,593,075 tons, an increase of 2.2% compared to the same period last year. Sales of plastic containers increased by 2.9% due to the development of recycling technology and promotion of the use of recycled resin, packaging paper increased by 3.2%, and glass containers increased by 2.1%, all increasing for the second consecutive year and recovering. showed a trend. On the other hand, sales of beverage cans decreased by 1.4% year on year, the third consecutive year of decline.

Market outlook in 2023: “The future of demand is uncertain. Accelerating new product development due to increased demand for environmentally friendly products”

Although demand is expected to recover as the social situation of the coronavirus pandemic returns and economic activity normalizes, the future of demand remains uncertain due to continuing concerns about soaring raw material prices and the impact of the weak yen.

On the other hand, demand for eco-friendly products is expected to increase due to rising environmental awareness. Through the development of environmentally friendly products such as recycled resin and alternative materials, each company will accelerate the movement toward realizing a recycling-oriented, sustainable society. (Source: press release)

Pic: Image for representational purposes only

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