The market is growing at a significant rate owing to the consumer demand for online shopping, increasing requirement from packaged and frozen food industry, and the growing demand of plastic packaging from electronics and cosmetics industry. Packaging solutions are used in a variety of industries, including food and beverage, cosmetics, and healthcare owing to its sturdy nature and attractive visual appeal. The packaging sector is constantly and persistently generating more sustainable solutions for its products, thanks to an increasing diversity of reusable options. Owing to its various benefits such as long shelf life and durability, packaging has gained favor in a range of industries. The market for packaging solutions is rapidly increasing owing to the lack of availability of cost-effective solutions.
According to the China Packaging Federation, the Chinese packaging industry rose by 10% in 2018, accelerating the growth of the China Packaging Market. Packaging is more important in today’s business decisions. Packaging designs are always changing as new materials, conditions, and marketing strategies emerge. Consumer packaged products in China is being shaped by changing market conditions, as well as changes in customer requirements and behavior. Beverage labels frequently incorporate cutting-edge technology and subcultural references, making the products more appealing to millennials. According to Euromonitor/VDMA, in 2018, China consumed around 399,858 million packaging items, propelling the packaging sector forward.
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China Packaging Market Growth Drivers
Rising Demand Of E-Commerce Gave Rise To The Demand Of Packaging That Have Readily Aided The Market Growth
In China, online fashion is the most popular product category. Consumers in China prefer online purchasing owing to the correct packaging, thus manufacturers are expanding the use of packaging. This tendency continued to increase the use of plastic packaging. Consumers have recently voiced a need for adequately packed things, prompting producers to respond by developing creative packaging to attract customers, hence rising demand for the packaging sector. Plastic is in high demand in e-commerce owing to its sturdy and light nature, which makes it excellent for packaging. Further, increasing demand of plastic packaging for electronics and automotive parts for distribution through e commerce is further felling China Packaging Market.
Increasing Usage Of Plastic & Paper Packaging From Packaged & Frozen Food Industry Is Set To Drive The Market Growth
Food packaging is critical for preserving food quality and extending its shelf life. Consumer demand for processed, frozen and packaged foods is driving fast growth in the packaging business. As the demand for ready-to-eat foods grows, producers are employing novel packaging to ensure food safety. The demand for packaged food rises as a result of innovative packaging, which helps to attract customers and boosts the food business. Food packaging must also include convenience features including easy opening, portability, and single-use packaging, which are driving innovation in processed food packaging.
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In March 2020, Amcor collaborated with JD Farm, to create the next generation of packaging for a more effective and interactive consumer engagement. They jointly created NFC (Near Field Communication)-enabled packaging that uses sector-leading technology to give consumers access to information about the quality, safety, and origin of JD Farm’s products.
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The Major Players in this Market Include
The major companies in the China Packaging market include Nine Dragons Paper (Holdings) Limited, Asia Pack Limited, Shangai Forests Packaging Group Co. Ltd., Kingline Industrial Development Ltd., Shangyu Shengruisi Packaging Co. Ltd., Yuncheng Jinpeng Glass Co. Ltd., Ming Plastic Products Co. Ltd., Amcor Packaging Inc., Wuhan Keyo Packaging Co. Ltd., Albea Packaging Suzhou Co. Ltd. and among others.
Over the years, major market players have focused on different types of packaging products owing to its rising demand in e-commerce. The launch of new market companies, adequate funding, and government-aided policies help in the innovation of packaging materials. The continuous developments in the China Packaging market are the major factors set to drive the China Packaging Market over the historical period 2016-2020.
A. Flexible Packaging Market
B. Rigid Plastic Packaging Market
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