Some of the key findings from our flexible packaging market forecast report for China are summarized below
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Flexible packaging industry outlook in China
The economic growth of urban China has led to the migration of rural Chinese population to urban areas such as Beijing and Shanghai. The urban population in China comprised of around 58% of the total country’s population in 2017, with 800 million people residing in urban areas. This has resulted in an increasing demand for food and beverages and made China one of the largest food and beverage industry in the world. Pork, seafood, milk, and poultry are some of the major food products consumed by the urban population in China.
The cold-chain market in China is also witnessing rapid growth and the food and beverage segment dominates this market with a share of around 90%. Food companies are expanding their businesses in terms of geography and product lines to cater to this growing demand. For instance, in 2018, PepsiCo China expanded their nuts and seeds business in the country by entering into an agreement with Select Harvest, an Australian based almond grower and processor. Packaging companies are also expanding their business by acquiring regional players in China. For instance, in 2015, Amcor acquired China-based Zhongshan Tiancai Packaging Company which specializes in printing and manufacturing multi-layer films for food, beverage and pharmaceutical industries. Thus, the growth of the food and beverages industry is fueling the flexible packaging market in China at a CAGR of over 8% during the forecast period.
Top flexible packaging companies covered in this report
The flexible packaging market in China is fairly fragmented with the presence of several companies offering various flexible packaging products such as stretch films, shrink films, plastic film packaging, and laminated pouches. The market is in the growth phase and flexible packaging companies are expanding their business through mergers and acquisitions to remain competitive in the market. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this flexible packaging market analysis report for China suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading companies, including:
- Amcor
- Berry Global
- Sealed Air
- Shanghai Zijiang Colour Printing & Packaging
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Flexible packaging market segmentation in China based on material type
The plastic segment dominated the flexible packaging market in China with a market share close to 74% in 2017. This segment will increase its market share and continue to dominate the market throughout the next five years.
Flexible packaging market segmentation in China based on end-user
- Food and beverages
- Pharmaceuticals
- Other industries
The food and beverages segment accounted for the largest share of the flexible packaging market in China, in 2017. This segment will increase its market share and remain the market leader for the next five years.
Key highlights of the flexible packaging market in China for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the flexible packaging market in China during the next five years
- Precise estimation of the flexible packaging market size in China and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the flexible packaging industry across China
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of flexible packaging companies in China
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY MATERIAL TYPE
- Segmentation by material type
- Comparison by material type
- Plastic – Market size and forecast 2017-2022
- Paper – Market size and forecast 2017-2022
- Foil – Market size and forecast 2017-2022
- Market opportunity by material type
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
- Segmentation by end-user
- Comparison by end-user
- Food and beverages – Market size and forecast 2017-2022
- Pharmaceuticals – Market size and forecast 2017-2022
- Other industries – Market size and forecast 2017-2022
- Market opportunity by end-user
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Sustainability of flexible packaging
- Ban on waste import
- Innovation in flexible packaging
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive landscape
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Amcor
- Berry Global
- Sealed Air
- Shanghai Zijiang Colour Printing & Packaging
PART 15: APPENDIX