China Plastic Bottles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.40 Million |
| Market Size (2029) | USD 1.53 Million |
| CAGR (2024 - 2029) | 1.78 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Plastic Bottles Market Analysis
The China Plastic Bottles Market size is estimated at USD 1.40 million in 2024, and is expected to reach USD 1.53 million by 2029, growing at a CAGR of 1.78% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 1.54 million tonnes in 2024 to 1.68 million tonnes by 2029, at a CAGR of 1.68% during the forecast period (2024-2029).
China is a global leader in plastic consumption. Fueled by abundant raw materials and a cost-effective production environment, the country has seen a notable uptick in plastic production. This would encourage the market for plastic bottles in the country.
Rising demand from China's food and beverage industries is rapidly fueling the plastic bottles market. Notably, the surge in demand for PET plastic bottles, used to package water, juices, soft drinks, medications, household chemicals, and personal care items, stands out as a critical driver of the market's expansion.
The demand for plastic bottles is expected to rise, driven by a surging population, rapid urbanization, and a notable shift from metals to plastics. According to the National Bureau of Statistics of China, the degree of urbanization in China in 2023 reached 66.16%, up from 63.89% in 2020. The nation's growing preference for beverages further bolsters this trend.
The growth of the Chinese plastic bottles market is intricately tied to factors such as the rising disposable incomes of consumers and a strong emphasis on innovative packaging solutions. According to the National Bureau of Statistics of China, the annual per capita disposable income for urban households in China in 2023 was CNY 51,821 (USD 7,332), up from CNY 47,412 (USD 6,708) in 2022.
According to a study by Just China It, a sourcing and shipping solution company, China's plastic production stands at 95.7 million tons, encompassing both usage and recycling. This indicates China's global importation of plastic waste, emphasizing its commitment to reusability and environmental conservation. PET (polyethylene terephthalate) bottles, commonly used for beverages and food, are recycled in China, bolstering the nation's Green campaign. As demand surged, China's plastic bottle manufacturers expanded their operations.
China has long grappled with plastic pollution, a crisis compounded by its severe air pollution. The nation not only accounts for a significant share, around one-fifth, of global plastic consumption but also stands out as the world's leading manufacturer and exporter of single-use and virgin plastics. In March 2023, the World Bank's management sanctioned a USD 250 million International Bank of Reconstruction and Development (IBRD) loan. The loan was committed to tackling plastic pollution in Shaanxi Province, China.
China Plastic Bottles Market Trends
Polyethylene Terephthalate (PET) to Witness Growth
- Polyethylene terephthalate (PET) bottles are increasingly being adopted across diverse product categories. Their affordability, lightweight nature, and advancements in printing technology have made PET bottles a favored choice among premium consumers. Furthermore, PET bottles are becoming the preferred alternative to heavy and fragile glass bottles, especially for packaging water and other beverages, facilitating more cost-effective transportation.
- China is a global player in both producing and consuming plastics. The rising reliance on PET (polyethylene terephthalate) and other polymer-based bottles and containers in the food, beverage, pharmaceutical, and personal care industries has intensified China's focus on plastic production and exports.
- Data from the International Trade Center (ITC) reveals that the United States is the top destination for China's plastic exports. In 2023, China shipped 292.6 million tons of plastic products to the United States, marking an 8.00% increase from the prior year. Given the promising growth prospects in the plastic trade, China's demand for plastics will rise in the forthcoming years.
- According to a study by Czarnikow Sugar Futures Limited, a global supply chain management company specializing in food and beverage, Chinese bottle-grade PET exports surged in March 2023. However, exports rebounded and set new records, surpassing 515 thousand tonnes. This surge can be attributed to significant capacity expansions in 2023, complemented by additional boosts in early 2024. Also, in Q1 2024, Indonesia, India, and the United Arab Emirates emerged as the leading destinations, receiving approximately 82 thousand tonnes, 66 thousand tonnes, and 65 thousand tonnes, respectively.
- According to the National Bureau of Statistics of China, the production volume of plastic products in the country in 2018 was 60.42 million metric tons, and it reached 74.89 million metric tons in 2023. Therefore, in China, the surging demand from the food and beverage industries is rapidly boosting the need for rigid plastic packaging products. The rising use of PET plastic bottles for packaging bottled water, juices, soft drinks, medicines, household cleaners, and personal care items plays a pivotal role in propelling the growth of the plastic bottles market.
The Beverage Industry is Poised to Propel Market Growth
- Plastic bottles made of polyethylene terephthalate, polypropylene, polyethylene, etc., are widely used in the packaging industry as they are lightweight and unbreakable, making handling easier. Even manufacturers prefer to use plastic packaging, owing to the lower cost of production. Westwood Sourcing reports that China is intensifying its PET bottle recycling initiatives, converting them into recycled PET (rPET) and paving the way for a range of innovative, eco-friendly products. PET bottle recycling in China is vital in reducing environmental pollution and conserving natural resources.
- According to SMI Group, the Chinese bottled water market has witnessed significant growth in production volume and consumer base. In the first quarter of 2023, the market saw a 10.9% increase in bottled water volumes, primarily attributed to a surge in retail sales. Increasing household consumption, especially in more extensive packaging, has further bolstered this demand.
- Major Chinese beverage brands have invested in modern, efficient production lines to respond to this expanding market. For instance, in Tianjin, HuihuangUnited Food, a prominent bottler for brands like Coca-Cola and C'estbon, collaborated with SMI, a long-term partner, to adopt the first-in-China integrated blowing-filling-capping system, EcoblocErgon, specifically for bottling C'estbon's 4.5 L PET containers.
- According to the National Bureau of Statistics of China, the production of non-alcoholic beverages in the country in March 2024 was 17.87 million metric tons, reaching 19.54 million metric tons in June 2024. Rising consumer demand for bottled water in Asian nations, particularly China, is propelling market growth.
- Data from the United Nations University Institute for Water, Environment and Health, a UN agency, highlights that Asia-Pacific countries lead in bottled water consumption. Notably, China ranks as the second-largest bottled water market globally, trailing only the United States, further fueling the growth of the PET plastics market.
China Plastic Bottles Industry Overview
The Chinese plastic bottles market is fragmented with the presence of global and domestic players such as Alpla Group, Berry Global Inc., GracePack, Shenzhen Zhenghao Plastic & Mold Co. Ltd, Zhejiang Xinlei Packaging Co. Ltd, Dongguan Xianglin Plastic Product Co. Ltd, and Shanghai COPAK Industry Co. Ltd. These companies are focused on expanding business through new investments, mergers, collaborations, and more.
- December 2023 - Zhenghao Plastic & Mold Co. Ltd introduced a new HDPE sandblasting material featuring a double-layer bottle construction. The final bottle boasts a matte, soft-touch finish, allowing for custom logo printing through silk-screen or hot stamping. Clients predominantly utilize this material for high-quality, luxury cosmetic and personal care packaging. The HDPE sandblasting plastic bottle exhibits an utterly matte finish, even under direct light.
China Plastic Bottles Market Leaders
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Alpla Group
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Berry Global, Inc.
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Shenzhen Zhenghao Plastic & Mold Co. Ltd.
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Shanghai COPAK Industry Co., Ltd.
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GracePack
*Disclaimer: Major Players sorted in no particular order
China Plastic Bottles Market News
- July 2024 - China Resources C’estbon Beverage Co. Ltd (C’estbon Beverage), one of China's top two bottled water brands, opted for Sidel's cutting-edge complete-line packaging solution to bolster its expansion into large-format water production. With the integration of Sidel's latest EvoBLOW XL blower in a Combi configuration, the new lines can produce 12,000 bottles of either 4.5 L or 6 L capacity per hour. This advancement reinforces C’estbon Beverage's stature as a frontrunner in packaged water innovation.
- April 2024 - The Coca-Cola Company unveiled 500 ml bottles crafted entirely from recycled plastic for its flagship fizzy drink in Hong Kong. The global beverage company announced that all 500 ml bottles of Coca-Cola Original, Coca-Cola No Sugar, and Coca-Cola Plus in Hong Kong will be produced using 100% recycled polyethylene terephthalate (rPET). This marks the inaugural use of rPET in China.
China Plastic Bottles 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
4.4 Import and Export Analysis (HS Code - 392330)
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Consumption of Single-serve Beverages
5.1.2 Food and Beverage Industries Poised for Growth
5.2 Market Challenges
5.2.1 Stringent Regulations and Environmental Concerns Surrounding Plastic Materials
6. MARKET SEGMENTATION
6.1 By Resin
6.1.1 Polyethylene (PE)
6.1.2 Polyethylene Terephthalate (PET)
6.1.3 Polypropylene (PP)
6.1.4 Other Resins
6.2 By End-use Industries
6.2.1 Food
6.2.2 Beverage
6.2.2.1 Bottled Water
6.2.2.2 Carbonated Soft Drinks
6.2.2.3 Alcoholic Beverages
6.2.2.4 Juices and Energy Drinks
6.2.2.5 Other Beverages
6.2.3 Pharmaceuticals
6.2.4 Personal Care and Toiletries
6.2.5 Industrial
6.2.6 Household Chemicals
6.2.7 Paints and Coatings
6.2.8 Other End-use Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Alpla Group
7.1.2 Berry Global, Inc.
7.1.3 Dongguan Xianglin Plastic Product Co. Ltd
7.1.4 Shenzhen Zhenghao Plastic & Mold Co. Ltd
7.1.5 Zhejiang Xinlei Packaging Co. Ltd
7.1.6 Shanghai COPAK Industry Co. Ltd
7.1.7 GracePack
7.1.8 GuangZhou HuaXin Plastic Products Co. Ltd
7.2 Competitor Analysis - Emerging Vs Established Players
8. RECYCLING AND SUSTAINABILITY LANDSCAPE
9. FUTURE OF THE MARKET
China Plastic Bottles Industry Segmentation
The scope of the study characterizes the plastic bottles market based on the raw materials of the product, such as PP, PE, PET, and other raw materials, used across various end-use industries such as food, pharmaceuticals, beverages, cosmetics, and toiletries. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Chinese plastic bottles market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other resins) and end-use industries (food, beverage [bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks and other beverages (powdered and dairy-based beverages)], pharmaceuticals, personal care and toiletries, household chemicals, paints and coatings, and other end-use industries). The market sizes and forecasts are provided in terms of value (USD) and volume (tonnes) for all the above segments.
| By Resin | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Other Resins |
| By End-use Industries | |||||||
| Food | |||||||
| |||||||
| Pharmaceuticals | |||||||
| Personal Care and Toiletries | |||||||
| Industrial | |||||||
| Household Chemicals | |||||||
| Paints and Coatings | |||||||
| Other End-use Industries |
China Plastic Bottles Market Research FAQs
How big is the China Plastic Bottles Market?
The China Plastic Bottles Market size is expected to reach USD 1.40 million in 2024 and grow at a CAGR of 1.78% to reach USD 1.53 million by 2029.
What is the current China Plastic Bottles Market size?
In 2024, the China Plastic Bottles Market size is expected to reach USD 1.40 million.
Who are the key players in China Plastic Bottles Market?
Alpla Group, Berry Global, Inc., Shenzhen Zhenghao Plastic & Mold Co. Ltd., Shanghai COPAK Industry Co., Ltd. and GracePack are the major companies operating in the China Plastic Bottles Market.
What years does this China Plastic Bottles Market cover, and what was the market size in 2023?
In 2023, the China Plastic Bottles Market size was estimated at USD 1.38 million. The report covers the China Plastic Bottles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Plastic Bottles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Plastic Bottles Industry Report
Statistics for the 2024 China Plastic Bottles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Plastic Bottles analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
