China Plastic Packaging Market Size (2024 - 2029)

The Chinese plastic packaging market is experiencing growth driven by increasing demand from the food and beverage industries, particularly for polyethylene terephthalate (PET) bottles used in various consumer products. The market's expansion is further supported by the rising popularity of health-oriented beverages and the rapid growth of the e-commerce sector, fueled by enhanced logistics and diverse payment options. However, regulatory measures aimed at reducing single-use plastics due to environmental concerns pose challenges to market growth. Additionally, geopolitical factors, such as the Russia-Ukraine war, have impacted the supply chain, affecting the availability of essential materials like polyethylene.

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Market Size of China Plastic Packaging Industry

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CHINA PLASTIC PACKAGING MARKET Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.50 %
Market Concentration Low

Major Players

China Plastic Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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China Plastic Packaging Market Analysis

The Chinese plastic packaging market is expected to grow at a CAGR of global 3.5% over the forecast period. The increasing demand from the food and beverage industries primarily drives the rapid demand for flexible and rigid plastic packaging products in China. There has been an impact of the Russia-Ukraine war on the overall packaging ecosystem.

  • Demand for polyethylene terephthalate (PET) plastic bottles for the packaging of bottled water, juices, soft drinks, medicines, household cleaners, and personal care products is a significant factor driving the plastic packaging market's growth.
  • Furthermore, the trend toward healthy living is gaining momentum in China. As a result, customers in China are inclined towards preferring beverages that promote a better lifestyle, with nutritional value playing a crucial role in the choice of the product. Therefore, milk and protein beverages have enjoyed an increase in popularity.
  • Due to expanding consumer preference for online shopping, the proliferation of payment options, and online shopping events, including single-day offers, enticing discounts, and enhanced logistic infrastructure, the e-commerce sector is expanding rapidly in the country, contributing significantly to the market. However, the introduction of regulations on the use of single-use plastic packaging due to growing concerns about environmental pollution by the government is restricting the growth of the plastic packaging market.
  • The COVID-19 outbreak has had a mixed impact on the plastic packaging industry in China, as the lockdown resulted in supply chain disruption that affected the manufacturing industry. Significant shifts in consumer behaviors led to an increase in the food service market and beverage consumption, especially carbonated drinks, and the water segment registered faster growth, contributing to plastic packaging.
  • The Russia-Ukraine war has resulted in a decrease in the imports of a considerable amount of PE plastic from Russia, which has been affected due to the invasion impacting the plastic packaging in China.

China Plastic Packaging Industry Segmentation

The study tracks the market based on the current status and prospects of the Chinese plastic packaging market. Both rigid and flexible packaging markets are considered part of the scope. The study includes the value of consuming rigid and flexible plastic packaging products offered by various vendors in the studied market. The study also analyzes product types and end-user industries for rigid and flexible plastic packaging types.

The impact of COVID-19 is also considered for current market estimation and future growth projections. The Chinese plastic packaging market is segmented by type (rigid plastic, flexible plastic), products (bottles, jars, pouches, trays, containers, bags, films, wraps), and end-user industry (food, beverage, healthcare, personal care, and household).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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China Plastic Packaging Market Size Summary

The Chinese plastic packaging market is experiencing significant growth, driven primarily by the burgeoning demand from the food and beverage sectors. This demand is particularly evident in the use of polyethylene terephthalate (PET) plastic bottles, which are favored for packaging beverages such as bottled water, juices, and soft drinks due to their strength, cost-effectiveness, and recyclability. The trend towards healthier living is also influencing consumer preferences, with an increasing inclination towards nutritional beverages like milk and protein drinks. The rapid expansion of e-commerce in China, fueled by diverse payment options and enhanced logistics, is further propelling the market, as online shopping necessitates lightweight and flexible packaging solutions. However, the market faces challenges from regulatory measures aimed at reducing single-use plastics, driven by environmental concerns.

The impact of global events, such as the Russia-Ukraine war, has also affected the plastic packaging landscape in China, particularly in terms of raw material imports. The COVID-19 pandemic brought mixed effects, with supply chain disruptions impacting manufacturing, yet increasing demand for packaged food and beverages. The market is characterized by a fragmented landscape, with major players like Amcor, Constantia Flexibles, and Berry Global actively engaging in strategic expansions and innovations to capture market share. Initiatives like the 'Waste Free World' by Unilever and Alibaba highlight the industry's shift towards sustainable practices. As the demand for rigid and flexible plastic packaging continues to rise, driven by both consumer behavior and industry investments, the market is poised for continued growth and transformation.

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China Plastic Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET DYNAMICS

    1. 2.1 Market Drivers

      1. 2.1.1 Growing Demand from E-commerce Industry

      2. 2.1.2 Increasing Adoption of Lightweight-packaging Methods

    2. 2.2 Market Challenges

      1. 2.2.1 Rising Adoption of Alternative Packaging Solutions

      2. 2.2.2 Growing Environmental Concerns due to Plastic

China Plastic Packaging Market Size FAQs

The China Plastic Packaging Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)

Constantia Flexibles, Berry Global, Amcor Plc, Coveris Holding and Wipak are the major companies operating in the China Plastic Packaging Market.

China Plastic Packaging Market Report Snapshots

China Plastic Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)