Market Size of China Flexible Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 47.27 Billion |
| Market Size (2029) | USD 56.73 Billion |
| CAGR (2024 - 2029) | 3.72 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Flexible Packaging Market Analysis
The China Flexible Packaging Market size is estimated at USD 47.27 billion in 2024, and is expected to reach USD 56.73 billion by 2029, growing at a CAGR of 3.72% during the forecast period (2024-2029).
The rapid growth in demand from end-user industries such as food, pharmaceutical and medical, personal care, and household care is expected to create a significant demand for flexible packaging products over the forecast period in China.
- Despite the presence of a large base for packaging in the country, flexible packaging still recorded the most substantial growth and the fastest among all packaging types, driven by its low cost and many product advantages.
- Furthermore, the demand for frozen food in China is on the edge of further growth, owing to the government's rapid development of food outlets and reduced tariff barriers on frozen food imports. The preference and influence of western food services in the country are increasing. The trend of expanding western restaurants and dishes is expected to raise the demand for seafood, such as sushi, platters, lobsters, and oysters.
- Increasing demand for convenient food packaging is growing the flexible packaging market faster. Better Food quality, safety, and longer shelf life of packaged food are significantly in demand resulting in an increasingly convenient packaging market.
- Chinese consumers' increasing inclination toward products containing fish, meat, and vegetables, mainly retort-packed to keep them shelf-stable, is a factor driving the market. Moreover, ready-made meals have also gained popularity among consumers in the country.
- During the recent COVID-19 pandemic, flexible manufacturers in China faced issues like supply chain disruption, shortage of raw materials being used in manufacturing, and labor shortages, which hampered the production and shipping processes.
- Packaging companies also need to comply with the laws and regulations regarding the environment and recycling, which increases the difficulties in operations as they need to meet the set standards, thereby hampering the growth of the flexible packaging market.
