China Flexible Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 6.28 Million tonnes |
| Market Volume (2029) | 7.51 Million tonnes |
| CAGR (2024 - 2029) | 3.64 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Flexible Plastic Packaging Market Analysis
The China Flexible Plastic Packaging Market size in terms of shipment volume is expected to grow from 6.28 Million tonnes in 2024 to 7.51 Million tonnes by 2029, at a CAGR of 3.64% during the forecast period (2024-2029).
China's vast consumer base and booming e-commerce sector present a lucrative landscape for flexible plastic packaging manufacturers and suppliers. As online purchases surge, the need for efficient and convenient packaging escalates.
- Lifestyle change spurs companies to innovate state-of-the-art plastic packaging solutions tailored for e-commerce. It opens avenues for sustainable alternatives, aligning with China's rising environmental consciousness. Additionally, China's appetite for foods is poised for growth, bolstered by the government's push for food outlets and reduced tariffs on frozen imports.
- The nation's palate is evolving, with a noticeable uptick in the preference for and influence of Western food services. This culinary shift is anticipated to drive up the demand for seafood, including sushi, platters, lobsters, and oysters. The Chinese flexible plastic packaging market is surging, propelled by the escalating demand for convenient food packaging.
- Consumers increasingly prioritize food quality, safety, and extended shelf life, fueling the need for more convenient packaging solutions. Chinese consumers have a growing appetite for fish, meat, and vegetable products, especially when retort-packed for enhanced shelf stability. Also, ready-made meals are gaining traction among the population.
- Companies operating in the country are expanding their business through partnerships, mergers, and others. For instance, in January 2024, SABIC, a global leader in diversified chemicals, confirmed its commitment to the SABIC Fujian Petrochemical Complex (also known as the Sino-Saudi Gulei Ethylene Complex Project) in China's Fujian province. This marks a significant milestone in SABIC's expanding presence in China, representing Fujian's most crucial foreign investment.
- The project boasts an estimated total investment of CNY 44.8 billion (USD 6.4 billion). At its core, the complex features a mixed-fed steam cracker, poised to produce up to 1.8 million tons of ethylene annually. The complex will house a suite of top-tier downstream facilities, encompassing ethylene glycol (EG), polyethylene (PE), polypropylene (PP), and other vital units. Anticipated to be wrapped up by 2026, the project's construction is well underway.
- However, the growing concern over plastic waste and its consequences on the environment might limit the market's growth. The country is focused on plastic ban and waste management solutions to eradicate plastic waste. This further creates opportunities for biodegradable plastics in the country for packaging.
China Flexible Plastic Packaging Market Trends
Retail E-commerce is Expected to Propel the Market's Growth
- China has risen as a global e-commerce leader, propelled by various factors. With a population surpassing 1.4 billion, the nation presents a vast consumer base starving for products and services. Bolstered by rapid urbanization and an expanding middle class, Chinese consumers increasingly favor digital transactions, propelling the online retail sector.
- According to the International Trade Administration (ITA), in 2023, domestic giants primarily lead the Chinese e-commerce market: Alibaba's Taobao and Tmall command a 50.8% market share, trailed by JD.com at 15.9% and Pinduoduo at 13.2%. Beyond these, several other platforms, such as Kaola, Little Red Book (Xiaohongshu), Suning, and Vipshop, collectively hold a substantial market share. The landscape of platform selection is notably fluid, with choices differing significantly based on the sector, target demographic, and regional nuances.
- The online grocery market is surging in the country due to various factors, such as urbanization, which continues the demand for convenience and efficiency. Notably, China's online community, especially in lower-tier cities, is experiencing a growing purchasing power. China's fast-paced lifestyle, robust economy, and stringent food safety standards fuel a rising appetite for packaged foods.
- Concurrently, the country's increasing internet penetration drives a significant portion of the population toward online grocery retail. Moreover, as China sees a continual influx of younger generations, their increasing spending power is poised to amplify the market's growth trajectory as they mature. Also, according to the National Bureau of Statistics of China, the retail sales of consumer goods in China were CNY 39.2 trillion (USD 5.20 trillion) in 2020 and reached CNY 47.1 trillion (USD 6.49 trillion) in 2023. Such an increase would further drive the market's growth for flexible plastic packaging.
- Moreover, JD.com, the Chinese e-commerce player, is intensifying its focus on its online grocery division and expanding its reach into lower-tier markets. This strategic shift comes in response to a sluggish economy, prompting China's largest private enterprise to pivot toward fresh avenues of growth. Such initiatives would further drive flexible plastic packaging in the country.
The Chinese Food Industry is Anticipated to Witness Growth
- The Chinese food industry is rapidly expanding, offering a lucrative opening for foreign brands eyeing regional expansion. With a burgeoning middle class and shifting consumer preferences, the market is mature with opportunities for global food producers. Adapting to local tastes, embracing emerging trends, and understanding evolving consumer preferences are vital strategies for foreign brands looking to thrive in this dynamic landscape.
- According to the US Department of Agriculture (USDA), the Chinese bakery sector is experiencing rapid growth, driven by a shift toward Westernized lifestyles and diets and a surging appetite for convenience. As urban Chinese adopt more Western habits and their incomes rise, baked goods prominently displayed in supermarkets and hypermarkets are witnessing robust retail performance.
- Notably, western pastries are increasingly edging out traditional Chinese options, a staple in the daily diets of many urban middle-class consumers. Baked goods, especially cakes, pies, and bread, are favored during breakfast, as snacks, and at celebratory events. The rise in demand for baked food would drive the flexible plastic packaging market in China.
- Further, China's rise as a significant meat producer, consumer, and importer opens export avenues for the United States and other global producers. While pork demand remains relatively stable regardless of income levels, poultry, beef, and mutton see increased consumption with rising incomes. Drawing from historical trends in meat consumption, income levels, and pricing, per capita meat consumption in China is forecasted to increase by 23 kilograms (using consumer purchase data) and 21 kilograms from 2022 to 2031.
- According to the National Bureau of Statistics of China, the meat production volume reached 96.41 million metric tons in 2023 and it increased from 77.48 million metric tons in 2020. Therefore, an increase in meat consumption would further create opportunities for the Chinese flexible plastic packaging market.
China Flexible Plastic Packaging Industry Overview
The Chinese flexible plastic packaging market is fragmented, with domestic and global players such as Sonoco Products Company, Amcor PLC, Berry Global Inc., Mondi PLC, Sealed Air Corporation, and Wenzhou Co-pack Co. Ltd. Players operating in the region are focused on expanding their business through mergers, collaborations, acquisitions, product innovations, and other strategies.
- May 2024 - Amcor PLC, a global company designing and producing packaging solutions, and AVON, a cosmetics, skincare, and personal care pioneer, announced the launch of the AmPrima Plus refill pouch for the AVON Little Black Dress classic shower gels in China. When recycled, the recycle-ready packaging will result in an 83% reduction in carbon footprint and 88% and 79% reductions in water consumption and renewable energy, respectively.
China Flexible Plastic Packaging Market Leaders
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Amcor Plc
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Berry Global, Inc.
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Sonoco Products Company
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Sealed Air Corporation
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Wenzhou Co-pack Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
China Flexible Plastic Packaging Market News
- May 8 2024 – Amcor developing and producing responsible packaging solutions, and AVON, a cosmetics, skin care and personal care pioneer with a 135-year history, today announced the launch of the AmPrima™ Plus refill pouch for the AVON Little Black Dress classic shower gels in China. The recycle-ready packaging will result in an 83% reduction in carbon footprint, and 88% and 79% reduction in water consumption and renewable energy respectively when it's recycled.*
- Januray 2024 - Mars China has launched a Snickers bar with dark chocolate cereal in mono-material flexible packaging. This innovative product provides a low-sugar, low-glycemic index (GI) option with individual packaging made from a mono PP material, promoting recycling in designated channels.
China Flexible Plastic Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 The E-commerce Sector is Expected to Propel the Market
5.2 Market Restraints
5.2.1 Rising Concerns Regarding Plastic Waste and Its Impact on the Environment
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Polyethene (PE)
6.1.2 Bi-oriented Polypropylene (BOPP)
6.1.3 Cast Polypropylene (CPP)
6.1.4 Polyvinyl Chloride (PVC)
6.1.5 Ethylene Vinyl Alcohol (EVOH)
6.1.6 Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS)
6.2 By Product Type
6.2.1 Pouches
6.2.2 Bags
6.2.3 Films and Wraps
6.2.4 Other Product Types (Blister Packs, Liners, etc)
6.3 By End-User Industry
6.3.1 Food
6.3.1.1 Candy & Confectionery
6.3.1.2 Frozen Foods
6.3.1.3 Fresh Produce
6.3.1.4 Dairy Products
6.3.1.5 Dry Foods
6.3.1.6 Meat, Poultry, And Seafood
6.3.1.7 Pet Food
6.3.1.8 Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)
6.3.2 Beverage
6.3.3 Medical and Pharmaceutical
6.3.4 Personal Care and Household Care
6.3.5 Other End user Industries ( Automotive, Chemical, Agriculture)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Amcor PLC
7.1.2 Berry Global Inc.
7.1.3 Mondi PLC
7.1.4 Sealed Air Corporation
7.1.5 Sonoco Products Company
7.1.6 Cangzhou Hualiang Packaging Decoration Co. Ltd
7.1.7 Qingdao Kingchuan Packaging
7.1.8 Jieshou Tianhong New Material Co. Ltd
7.1.9 Wenzhou Co-pack Co. Ltd
7.2 Heat Map Analysis
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OUTLOOK
China Flexible Plastic Packaging Industry Segmentation
The study on the Chinese flexible plastic packaging market tracks demands in terms of revenue for flexible plastic packaging by material. It tracks the market size for respective end-user types. The estimates for the Chinese flexible plastic packaging market include all the costs associated with flexible plastic packaging manufacturing, from raw material procurement to reaching the end-user industries. The estimates exclude the cost of the content that is or is to be packed inside the flexible plastic packaging. The scope of the flexible plastic packaging market is limited to B2B demand. Market numbers have been arrived at using bottom-up and top-down approaches for segmentation, and volume has also been considered.
The China flexible plastic packaging market report is segmented by material (polyethene [pe], bi-oriented polypropylene [bopp], cast polypropylene [cpp], polyvinyl chloride [pvc], ethylene vinyl alcohol [evoh], and other material types [polycarbonate, pha, pla, acrylic, and abs]), product type (pouches, bags, films and wraps, and other product types), end-user industry (food [frozen food, dry food, meat, poultry, and sea food, candy & confectionery, pet food, dairy products, fresh produce and other food (seasonings & spices, spreadables, sauces, condiments, etc.)], beverage, medical and pharmaceutical, personal care and household care, and other end user industry [automotive, chemical, agriculture ]). The report offers market forecasts and volume (tonnes) for all the above segments.
| By Material Type | |
| Polyethene (PE) | |
| Bi-oriented Polypropylene (BOPP) | |
| Cast Polypropylene (CPP) | |
| Polyvinyl Chloride (PVC) | |
| Ethylene Vinyl Alcohol (EVOH) | |
| Other Material Types (Polycarbonate, PHA, PLA, Acrylic, and ABS) |
| By Product Type | |
| Pouches | |
| Bags | |
| Films and Wraps | |
| Other Product Types (Blister Packs, Liners, etc) |
| By End-User Industry | ||||||||||
| ||||||||||
| Beverage | ||||||||||
| Medical and Pharmaceutical | ||||||||||
| Personal Care and Household Care | ||||||||||
| Other End user Industries ( Automotive, Chemical, Agriculture) |
China Flexible Plastic Packaging Market Research FAQs
How big is the China Flexible Plastic Packaging Market?
The China Flexible Plastic Packaging Market size is expected to reach 6.28 million tonnes in 2024 and grow at a CAGR of 3.64% to reach 7.51 million tonnes by 2029.
What is the current China Flexible Plastic Packaging Market size?
In 2024, the China Flexible Plastic Packaging Market size is expected to reach 6.28 million tonnes.
Who are the key players in China Flexible Plastic Packaging Market?
Amcor Plc, Berry Global, Inc., Sonoco Products Company, Sealed Air Corporation and Wenzhou Co-pack Co., Ltd. are the major companies operating in the China Flexible Plastic Packaging Market.
What years does this China Flexible Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the China Flexible Plastic Packaging Market size was estimated at 6.05 million tonnes. The report covers the China Flexible Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Flexible Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Flexible Plastic Packaging Industry Report
Statistics for the 2024 China Flexible Plastic Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Flexible Plastic Packaging analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
