Flexible Packaging Market in China 2018-2022

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

• Plastic
• Paper
• Foil

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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