(I-BusinessNews.Com, October 10, 2019 ) Market Overview:
China Flexible Packaging Market was valued at USD XX million in 2017 and is expected to reach USD xx million by 2025 with a CAGR of xx% during the forecast period 2018 to 2025.
One of the major trends set to emerge in the flexible packaging market in China is rising preference for aesthetically appealing products.Consumers tend to prefer packaged goods such as cosmetics, toiletries, and food products that are presented in an aesthetically appealing manner.
The F&B sector is a significant consumer of plastic packaging as the products in this sector are fast moving and need to be a light and low cost to reduce transportation costs and to facilitate immediate disposal.
These are the factors propelling the market growth. However, the demand for food products which are not just convenient and of high value and quality but also have a longer shelf life to retain their freshness for a more extended period and have convenient packaging. Thus, the rise in F&B consumption is driving the sales of the flexible packaging market in China.
On Basis of Packaging Form
By the Packaging Form, China Flexible Packaging Market is bifurcated into Pouches, Bags, Wraps, Roll Stocks, Blister and Strip Packs.
Among all, Pouches accounted for the largest share of the market. Plastic pouches are widely used for single-use servers as consumers in China have highly time-stressed lifestyles; they are seeking greater convenience in sauces, dressings, and condiments. This eliminates the hassle of trying to store unused portions which may spoil and go to waste.
On Basis of Raw Material
By the Raw Material, China flexible packaging market is segmented into Plastics, Paper, Aluminium Foils, and Multilayer. Flexible plastic packaging segment is accounted for the largest share in the overall flexible packaging market in China. This segment is expected to stay in the lead over the forecast period.
On Basis of Application
By the Application, China flexible packaging market is segmented into Food & Beverage, Healthcare, Personal and Household Care, and Others. Among all, the Food and Beverage industry dominated the market. The demand for BOPP film packaging offers high resistance to humidity, high abilities to preserve freshness and transparency that suitable for vacuum packaging of meat products with high shelf life.
By region, the market is segmented into:
Â North America
Â South America
Â The Middle East and Africa
Amcor Ltd., Shanghai Zijiang Colour Printing & Packaging Co Ltd. Shandong Lipeng Co., Ltd., Southern Packaging Group Limited, Wenzhou Co-Pack, LD Pack, Huhtamaki Group, Coveris Holdings, Logos Packaging Holdings Limited, Sealed Air Corporation, ND Paper Holdings and, China Flexible Packaging Holdings Ltd. are among the few critical operating players in the China Flexible Packaging Market.
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