Market Size of China Plastic Packaging Film Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Volume (2024) | 2.21 Million tonnes |
Market Volume (2029) | 2.87 Million tonnes |
CAGR (2024 - 2029) | 5.37 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Plastic Packaging Film Market Analysis
The China Plastic Packaging Film Market size in terms of shipment volume is expected to grow from 2.21 Million tonnes in 2024 to 2.87 Million tonnes by 2029, at a CAGR of 5.37% during the forecast period (2024-2029).
- China, a key player in the Asia-Pacific economy, boasts a substantial mid-income demographic, rising disposable incomes, and a robust appetite for packaged foods and pharmaceuticals. Consequently, the market mirrors this vast scale. The surge in food and pharmaceutical offerings within China is a primary driver propelling the demand for barrier films in the nation.
- China recently increased its emphasis on sustainable industrial practices and environmental conservation. With a clear directive, the government is steering the packaging sector toward sustainability, prioritizing recyclability and eco-friendliness. Notably, sustainability and environmental concerns are gaining traction, especially in developed areas, driving a surge in innovative solutions, particularly in the sustainable packaging film segments.
- China is the biggest e-commerce market in the world, accounting for nearly 50% of global e-commerce transactions. The major players in this market include Alibaba, Suning and Dianping, and Gome and Vipshop. Other well-known players include Yihuadian, Dango, Mogujie, and JuMei. The surge in demand for packaging films is primarily fueled by the rapid growth of the e-commerce sector and the increasing need for consumer goods and health products.
- According to the National Bureau of Statistics of China, the e-commerce share of total retail sales in consumer goods in China increased from 20.7% in 2019 to 27.6% in 2023. This upward trajectory is projected to continue, further fueling the demand for packaging films.
- China's healthcare sector is experiencing rapid growth, fueled by increasing health consciousness and an aging demographic. This dynamic landscape offers abundant opportunities for businesses and investors seeking to introduce cutting-edge, top-tier offerings. Notably, China's healthcare industry is one of the largest and most rapidly expanding sectors. The escalating need for enhanced healthcare, encompassing even packaging solutions, is propelling robust growth across diverse healthcare verticals.
- Environmental regulations are steering the industry toward flexible packaging. Compared to rigid alternatives, flexible packaging offers notable environmental benefits. The Chinese government is proactively tackling public awareness regarding plastic packaging waste. They are implementing strict regulations to mitigate environmental damage and bolster waste management. This growing concern over the environmental impact of single-use plastics is prompting consumers to prioritize products with lower environmental footprints and higher sustainability standards.
China Plastic Packaging Film Industry Segmentation
Plastic films are thin, continuous materials typically wound on a core or cut into sheets. The study tracks the demand for converted packaging films across the major resin and application types. The analysis delves into various film types, including polypropylene (PP), polyethylene film (PE), polyethylene terephthalate films (PET), polystyrene films (PS), bio-based, and other variants. The segmentation extends to encompass end-user industries.
The Chinese plastic packaging film market is segmented by type (polypropylene (biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP)), polyethylene (low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE)), polyethylene terephthalate (biaxially oriented polyethylene terephthalate (BOPET)), polystyrene, bio-based, and PVC, EVOH, PETG, and other film types) and end user (food [candy & confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products], healthcare, personal care & home care, industrial packaging, and other end users). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.
By Type | |
Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast polypropylene (CPP)) | |
Polyethylene (Low-Density Polyethylene (LDPE), Linear low-density polyethylene (LLDPE)) | |
Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET)) | |
Polystyrene | |
Bio-Based | |
PVC, EVOH, PETG, and Other Film Types |
By End User | ||||||||||
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Healthcare | ||||||||||
Personal Care & Home Care | ||||||||||
Industrial Packaging | ||||||||||
Other End-use Industry Applications |
China Plastic Packaging Film Market Size Summary
The China plastic packaging film market is poised for significant growth, driven by the country's robust economic landscape and increasing consumer demand for packaged goods. As a major player in the Asia-Pacific region, China benefits from a large mid-income population with rising disposable incomes, which fuels the demand for packaged foods and pharmaceuticals. The e-commerce boom, accounting for a substantial share of global transactions, further amplifies this demand, as major players like Alibaba and Suning continue to expand their reach. The healthcare sector's rapid expansion, spurred by an aging population and heightened health consciousness, also contributes to the market's growth, with packaging solutions playing a crucial role in ensuring product safety and longevity. Environmental concerns and government regulations are steering the industry towards sustainable practices, emphasizing the need for recyclable and eco-friendly packaging solutions.
Biaxially oriented polyethylene terephthalate (BOPET) film emerges as a key component in the flexible packaging sector, offering exceptional barrier properties and versatility across various applications, from food packaging to electronics and construction. The increasing demand for nutrient-dense dairy products and the surge in milk production are expected to drive innovations in packaging films, enhancing shelf life and convenience while reducing environmental impact. Collaborations between industry giants, such as Dow and Mengniu, highlight the focus on sustainability and circular economy efforts, with innovations like mono-material PE yogurt pouches. The market is moderately fragmented, with major players like Toray Advanced Film Co. Ltd and Berry Global Inc. leading the charge in product innovation and sustainability initiatives. Recent developments, such as Mars China's eco-friendly packaging for Snickers, underscore the industry's shift towards recyclable films, reflecting a broader trend towards sustainable packaging solutions in China.
China Plastic Packaging Film Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of Substitutes
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1.2.4 Threat of New Entrants
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Polypropylene (Biaxially Oriented Polypropylene (BOPP), Cast polypropylene (CPP))
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2.1.2 Polyethylene (Low-Density Polyethylene (LDPE), Linear low-density polyethylene (LLDPE))
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2.1.3 Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET))
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2.1.4 Polystyrene
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2.1.5 Bio-Based
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2.1.6 PVC, EVOH, PETG, and Other Film Types
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2.2 By End User
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2.2.1 Food
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2.2.1.1 Candy & Confectionery
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2.2.1.2 Frozen Foods
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2.2.1.3 Fresh Produce
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2.2.1.4 Dairy Products
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2.2.1.5 Dry Foods
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2.2.1.6 Meat, Poultry, And Seafood
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2.2.1.7 Pet Food
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2.2.1.8 Other Food Products
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2.2.2 Healthcare
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2.2.3 Personal Care & Home Care
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2.2.4 Industrial Packaging
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2.2.5 Other End-use Industry Applications
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China Plastic Packaging Film Market Size FAQs
How big is the China Plastic Packaging Film Market?
The China Plastic Packaging Film Market size is expected to reach 2.21 million tonnes in 2024 and grow at a CAGR of 5.37% to reach 2.87 million tonnes by 2029.
What is the current China Plastic Packaging Film Market size?
In 2024, the China Plastic Packaging Film Market size is expected to reach 2.21 million tonnes.