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Chinese Plastic Caps and Closures Market - “Growth, Trends, and Forecast (2020 - 2025)

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Chinese Plastic Caps and Closures Market

The market was valued at USD 3.42 billion in 2016 and is expected to reach USD 5.134 billion by 2022, registering a CAGR of 7.00% during the forecast period of 2017 - 2022. The Chinese plastic caps and closures market is dependent on innovative packaging solutions and increasing disposable income of consumers in the region. Technological advancements in plastic packaging have brought about innovations in the industry. With many companies making significant investments on R&D to come up with unique and cost effective products, the innovations in this market are on the rise. The increasing consumption of single serve beverages and innovative packaging solutions are expected to drive the market. Fluctuating raw material prices and the regulations on packaging of  pharmaceuticals and foods are expected to pose challenges for the market.

Polypropylene Providing Several Advantages Over PET

Polypropylene is a thermoplastic polymer used in a wide variety of applications, including food packaging, textiles, laboratory equipment, automotive components, and polymer banknotes. It is unusually resistant to many chemical solvents, bases, and acids. Being less brittle than HDPE, polypropylene has very good resistance to fatigue. Therefore,  most of the plastic living hinges, such as those on flip-top bottles (Tic-Tac), are made of polypropylene. PP has a moderate permeability to odors and gases, in addition to high barrier protection from water vapor and moisture. It is extensively used to pack frozen readymade products and meat.

With a low tensile strength, LDPE is used in products, such as plastic bags, film wraps, and packaging, including water bottles, food storage containers, dispensing bottles. and plastic tubs. LDPE is also more flexible, more transparent, and less resistant to temperatures, in comparison to HDPE.

Beverages Segment to Dominate the Chinese Plastic Caps and Closures Market

The demand for sport and energy drinks is expected to witness a rapid increase over the forecast period, aided by the growing presence of suppliers across the country and increasing consumer adoption. Environmental considerations are taken into account, for the selection of bottled water packaging materials. PET is increasingly being chosen instead of PVC, because of its properties, such as lightweight, workability, and transparency. The high demand for bottled water and packaged beverages, is driving the market for caps and closures in the beverage industry.

Household care products comprise of fabric wash, floor cleaning and toilet cleaning solutions. Increasing health consciousness, improving living standards, and increase in disposable income are some of the factors contributing to the growth of this segment. With the increasing penetration of smartphones and consumerization of information technology, the public are empowered with sufficient information to demand a healthier lifestyle. This has created a huge market for household care products, which in turn, is driving the demand for the plastic caps and closures market.

RECENT DEVELOPMENTS OF LEADING VENDORS

  • Crown Holdings has opened three beverage can factories in Heshan (Guangdong province), Ziyang (Sichuan province), and Putian (Fujian province), bringing up the total number of plants in China to seven

  • Bericap has released new closure developments for five gallon containers

Our report on Chinese Plastic Caps and Closures Market covers the following

  • Market trends and dynamics
  • Latest news and developments
  • Porter’s five forces analysis
  • Investment scope
  • Deep dive insights

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