JAPAN – With a total sales value of US$50.6 billion (¥6.04 trillion) in FY2013/14, Japan’s packaging industry is steadily rebuilding production capacity following the Earthquake and Tsunami of November 2011 that severely devastated its east coast industrial base.
According to the latest report by EP Resources Pte Ltd (Singapore), Packaging Market Data Analysis: Japan - a 15-year trends analysis 1999-2015, packaging materials and containers shipment sales accounted for over 90% of overall value, while packaging machinery and equipment sales topped US$3.94 billion (¥441.4 billion).
This report examines the impact of the twin shocks of the 2008 Global Economic Crisis and the Great Eastern Earthquake & Tsunami of 2011 which decimated a large part of Japan’s industrial infrastructure, and looks at the current recovery phase - where rapid investment is now funding the drive for further export sales expansion, and the aggressive foreign M&A growth strategies to safeguard its supply chain.
“In the year immediately following the disaster, Japanese overseas investments in the packaging supply chain rose by 15% totalling more than U$477 billion,” says 25-year veteran Asian packaging industry journalist and author of the report, Stuart Hoggard.
“The rate and level of Japanese investment in Asia will put pressure on Western players to up their performance.”
Data Intensive Report in Context
The report, Packaging Market Data Analysis: Japan - a 15-year trends analysis 1999-2015, tracks the production, sales and shipment volumes of packaging containers and materials by type, values and year-on-year comparisons; the sales of packaging equipment and machinery by machine type, values and year-on-year comparisons; and growth trends in material and production and end-use - all across a 15-year period from 1999-2014, providing more than 30 data tables and charts.
The report examines the data and trends in the context of the overall progression of Japan’s economy, particularly the exponential growth in innovation and added value sparked by the Circular Economy’s environmental legislation between 1999-2007.
“In order to appreciate the scope and scale of packaging in Japan and identify the trends and potential opportunities, it is important to view the industry in the context of the key drivers in the past, present and future,” says Stuart Hoggard.
“There are a complex range of factors that affect the growth of the packaging industry in any country, which cannot be understood through the mere presentation of simple production values and volumes data without the context of the overall progression of Japan’s economy, demographic changes and legislative environment.
“As Japanese packaging producers rapidly expand their manufacturing capacity throughout Southeast Asia and compete in new regional growth markets, this report lays out the context and provides invaluable insight to Japan’s packaging industry data and growth trends,” Hoggard explains.
“To gain the competitive advantage in the Asian markets, an understanding of the growth trends in this regional powerhouse that is Japan is essential.”