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Asia Brewery Inc in Packaging Industry (Philippines)

New C&M analysis: Packaging Industry (Philippines) Asia Brewery Inc Company Profile


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2014-01-09 14:46:01 - Asia Brewery Inc in Packaging Industry (Philippines) - a new company profile report on companiesandmarkets.com

Asia Brewery Inc is actively involved in the fast moving consumer goods market particularly beverages. The packaging arm of this company is also targeting industrial packaging as well as the consumer goods sector. The company operates internationally and operates two production sites in the Philippines. Glass bottles contribute a large percentage of the company´s packaging business the company also produces PET bottles and metal beverage cans. Asia Brewery Inc also produces paper-based packaging for the cigarette brands owned by Philip Morris Fortune Tobacco Corp. Towards 2011, more Filipinos enjoyed the increased employment opportunities as the US and other larger countries began to recover from the financial crisis of 2008-2009. This has resulted in many business-process outsourcing options for Filipinos, which

 

 

in turn gave households in the country a greater disposable income, driving packaging growth for food and beverage as well as personal and home care products. Even dog and cat food benefited from higher incomes, as more families have become open to pet ownership with the extra money they have.

Following these job opportunities, households in the country have become increasingly busier. The trend has leaned towards more dual-income and single-person households, causing the majority, if not all, consumers to prefer high-quality as well as conveniently-packed products. Busier schedules have likewise done away with days fully devoted to shopping, resulting in a strong, tangible shift towards lighter weight packs like PET bottles and jars and flexible packaging, as well as a robust response to packs with closure innovations for added convenience.

In addition to the preference for lighter and more convenient pack types, consumers´ busier lifestyles also benefited sales of single-serve packs, cutting across all product categories. Not only did personal care everyday-necessity items like shampoo and 2-in-1 products continue to exhibit strong growth for single-serve sachets, even more luxurious items like cheese performed well in single-serve packs. Players concede that consumers have increasingly become more willing to pay a higher price for the added convenience, as their lifestyles prohibit the extra effort that used to be a breeze to give.

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