Packaging is a coordinated system of any materials of any kind that is used to prepare commodities for confinement, protection, transportation, handling, distribution, delivery, and presentation. It helps with product identification, definition, and advertising while also ensuring its safety and marketability. Food and beverage, cosmetics, and healthcare are just a few of the industries that use packaging solutions. With a rising variety of reusable choices, the packaging industry is constantly and consistently producing more sustainable solutions for its products. Packaging has gained popularity in a variety of industries owing to its benefits, which include long shelf life and durability. Owing to a lack of a comparable level of replacement that is cost-effective in currently existing solutions, the market for packaging solutions is quickly developing. According to China Packaging Federation, the Chinese packaging industry grew at a rate of 10% in 2018 which in turn escalates the growth of China packaging market.
Growth in the pharma and food industry, there is a growing trend of packaging innovation were some of the key factors that drove the China Packaging Industry during the historical period of 2016-2020.
China Packaging Market Report Coverage
The report: “China Packaging Market (2016-2020)", by Industry ARC covers in-depth information on the following segments of the China Packaging Market.
By Packaging - Plastic, Paper, Metal, Wood, Glass, and Others
Key Takeaways
- Packaging is becoming more and more crucial in today's business decisions. With new materials, new situations, and new marketing approaches, packaging designs are continuously evolving. Shifting market conditions, as well as changes in customer needs and behavior, are shaping consumer packaged product packaging in China. New technology and subcultural features are commonly used on beverage labels, making the items more appealing to young people, which in turn escalated the growth of the packaging industry.
- The rising need for packaging is driven by the growing demand of the pharmaceutical products and soaring packaging innovations in the food and beverage sector.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the China Packaging Market Report.
China Paper Packaging Market – Import & Export (The Metric Tons) (2016)
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China Packaging Market Segment Analysis- By Packaging
Plastics held a dominant market share in the year 2016 owing to an increasing demand of plastic packaging solutions from electronics and automotive components industry. The bulk of these things is packaged in single-use plastic and especially when they are delivered through online platforms. Plastics are strong and light, which makes them ideal for packaging. Consumers prefer portable and easy-to-handle packaging solutions; therefore, the packaging industry has seen a surge in demand. Owing to its cost-effectiveness and longer product shelf life, plastic packaging is becoming more popular in a variety of industries. Plastic packaging has recently gained popularity in the e-commerce market owing to its unique characteristics.
However, Paper is the fastest-growing, during the historical period of 2016-2020. Paper-based packaging is generated from renewable resources and is recycled more than any other type of packaging in China. Paper packaging is a dependable, cost-effective, and sustainable way to transport and preserve a wide range of products, including groceries, medication, animal feed, and cement, and its use in the packaging business is rising.
China Packaging Market Drivers
Growing Demand for Packaging Solutions From Pharmaceutical Sector Have Aided the Growth of Market
Pharmaceutical medications need to be protected from a variety of risks, including mechanical, chemical, biological, and environmental factors. Plastics, paper and paperboards, glass, and metal, among other basic materials, are used in pharmaceutical packaging for a range of drug delivery mechanisms, including oral, pulmonary, injectable, transdermal, topical, interventional, nasal, and ophthalmic. The demand for packaging is being influenced by the introduction of novel biological compounds and drug delivery technologies, as well as pharmaceutical advances such as blow, fill seal vials, prefilled syringes, and powder applications. As a result, packaging is an important aspect of a pharmaceutical product, and a vast range of pharmaceutical solids, liquids, and gases are packaged in various ways driving market forward. Today, the pharmaceutical industry is considered to be one of the largest and most rapidly growing industries that further grow the need for packaging.
Increasing Packaging Innovations in Food Industry is Set to Increase the Market Growth
Packaging is very important for protecting food quality and extending the shelf life of food. The packaging industry shows rapid growth owing to the rising demand for processed and packaged food by consumers. Nowadays, the consumption of ready-to-eat foods soaring so, manufacturers adopting innovative packaging to provide the safety of food. Owing to the innovative packaging, the demand for packed food increases as it helps to attract consumers which in turn enhances the food industry. It is also essential to have convenience characteristics in food packaging, such as easy opening, portability, and single-use packaging, which are driving innovation in processed food packaging. Even restaurants are experimenting with various package techniques to provide clients with a unique experience which further enlarges the need for packaging in the food industry.
China Packaging Market Challenges
Stringent Government Regulation For Usage of Plastic Is Impeding The Market Growth.
In China, plastic waste levels are growing at a faster rate so, the Chinese government decided to take an additional step to reduce plastic waste in 2019. The new set of stringent regulations focused on reducing plastic consumption in various sectors that further reduce the demand for plastic packaging. This regulation reduces the use of plastics which in turn hampers the market growth.
China Packaging Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the China Packaging Market. The top 10- China Packaging Market companies are-
- Nine Dragons Paper (Holdings) Limited,
- Asia Pack Limited,
- Shangai Forests Packaging Group Co. Ltd.,
- Kingline Industrial Development Ltd.,
- Shangyu Shengruisi Packaging Co. Ltd.,
- Yuncheng Jinpeng Glass Co. Ltd.,
- Ming Plastic Products Co. Ltd.,
- Amcor Packaging Inc.,
- Wuhan Keyo Packaging Co. Ltd.,
- Albea Packaging Suzhou Co. Ltd.
Recent Developments
- In March 2020, Amcor collaborated with JD Farm, to create the next generation of packaging for a more effective and interactive consumer engagement. They jointly created NFC (Near Field Communication)-enabled packaging that uses sector-leading technology to give consumers access to information about the quality, safety, and origin of JD Farm’s products.
- In May 2018, Nine Dragon Paper Limited had signed an agreement with Catalyst Paper Corporation to increase the growth in paper mills. This agreement helped in enhancing the demand for paper packaging.
- In October 2017, Elanders Group acquired Asiapack Limited to provide packaging and co-packing services to various international manufacturers of consumer goods.
