China Flexible Packaging Market Size & Outlook, 2023-2030
China flexible packaging market, 2018-2030 (US$M)
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China flexible packaging market highlights
- The China flexible packaging market generated a revenue of USD 43,591.6 million in 2023 and is expected to reach USD 65,742.3 million by 2030.
- The China market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Bioplastics is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 43,591.6 million |
| Market revenue in 2030 | USD 65,742.3 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, China accounted for 16.1% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,251.1 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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China flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 69.09% in 2023. Horizon Databook has segmented the China flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The rapid development in demand from end-use industries, such as food & beverage, pharmaceutical & medical, cosmetics, and household care, is likely to create a large need for flexible packaging goods in China over the forecast period. Furthermore, the stringent regulations introduced by the government to reduce packaging waste and promote sustainability in packaging can support the growth of flexible packaging in China.
For instance, in September 2021, China’s State Administration for Market introduced Regulation GB 23350-2021 ‘Requirements of Restricting Excessive Package – Foods and Cosmetics’, an amendment to standards released in 2009, which mandates cosmetic and food companies to redesign their product packaging.
This standard is expected to come into force in September 2023. Standardization promotes the demand for ready-to-eat food in China, prompting manufacturers to invest in flexible packaging solutions including retort pouches. Many firms are using innovative packaging to ensure food safety.
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Target buyers of China flexible packaging market databook
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into China flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China flexible packaging market size, by raw material, 2018-2030 (US$M)
China Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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