This market research report outlines the market size and forecast for flexible packaging in China until 2019. The research reports details the market segmentation on the basis of type (plastic, paper, aluminum, and cellulose), and end-users (pharma and healthcare, food and beverage and others). The leading vendors analyzed by this report include Amcor Flexibles, FlexPAC, ND Paper, Shandong Lipeng, and Shanghai Zijiang.
Technavio has released updated information on the flexible packaging market, with the publication of its new market research report, flexible packaging market in China. The flexible packaging market in China is expected to grow at a CAGR of around 8% between 2015 and 2019. China is the dominant country with a market presence of more than 5,000 converters. Converters are those companies which specialize in combining raw materials such as plastic, paper, cellulose, aluminum and converting them to create final flexible packaging products. Converters in this country mainly supply the domestic food processing industry.
“Rise in demand for aesthetically appealing products is one of the latest trends gaining traction in this market. Manufacturers are focusing on the packaging of products, that are reliable, convenient to use and visually appealing. They are coming up with colourful packs and attractive shapes for products. Also, the flexible packaging product manufacturers are offering customized packaging solutions to their business customers,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
China’s flexible packaging market is witnessing huge popularity for plastic-based flexible packaging products among both industrial buyers and consumers. The end-users are opting for plastic because it is flexible, durable, and lightweight and can be converted into various shapes and sizes. Also, plastic packaging is increasingly replacing metal and glass packaging, owing to its low handling and carrying costs.
The leading vendors in the flexible packaging market in China include Amcor Flexibles, FlexPAC, ND Paper, Shandong Lipeng, and Shanghai Zijiang. Vendors in the market are increasingly using flexible packaging materials such as polyethylene and low-density polyethylene films for the packaging of food products. The market provides huge growth opportunities for vendors because of increased beverage consumption as well as the growth of the pharmaceutical industry
A more detailed analysis is available in the Technavio report, Flexible Packaging Market in China 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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