Market Trends of China Flexible Packaging Industry
This section covers the major market trends shaping the China Flexible Packaging Market according to our research experts:
Food Sector to Occupy the largest Market Share
- In China, standardization drives the demand for ready-to-eat food, pushing manufacturers to invest in flexible packaging solutions, such as retort pouches. Many manufacturers are adopting innovative packaging to provide the safety of the food.
- On the other hand, Fresh food such as vegetables, eggs, meat, and fruits, is one category that is high in demand as it is considered natural and free from chemicals. On the other hand, the need for healthy packaged food such as salads is also increasing.
- Moreover, there is an increase in the demand for organic food in the region, which will aid the growth of the flexible packaging market. Flexibility packaging is preferred since it provides easy transportation and storage. The increase in the revenue of the organic food market would ultimately increase the growth of the flexible packaging market.
- Furthermore, China's food market has been growing at a significant rate over the past few years and is expected to hold a major market share over the forecast period.
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Plastic Packaging to Witness a Significant Growth Rate Over the Forecast Period
- Plastics are one of the most used materials in packaging applications, owing to their performance, higher shelf life, and low cost. Plastics are used as the primary raw material for flexible packages. Some of the repeatedly used polymers include polypropylene (PP), polyvinyl chloride (PVC), polyethylene (PE), biaxial oriented polypropylene (BOPP), and polyethylene terephthalate (PET).
- Since plastics are solid and light, their demand is rapidly increasing in the electronics and automotive industry. Owing to its low cost and durability, plastic packaging is becoming very popular in all kinds of industries.
- Increasing demand for protecting food quality and longer shelf life, in turn, increases the need for packaged food.
- E-commerce has become a crucial place to order goods such as electronic and personal care products for consumers over the last decade. Furthermore, the growing penetration of smartphones and the internet is expected to propel the e-commerce industry and ultimately increase plastic consumption for packaging applications.
- The government regulations against single-use plastic packaging materials are causing many companies to ramp up their eco-friendly plastic alternatives.
- Furthermore, China's production of polylactide acid (PLA), a type of biodegradable plastic raw material, is expected to rise quickly from a very small base in the near future, providing cheaper raw materials to the local packaging industry.
- Also, there is an increase in the number of online food delivery users in the region. This would also increase the demand for packaging, specifically flexible packaging, which is easier to transport and carry and essential for food delivery.
