China Food Wrap Market Size & Outlook, 2024-2030
China food wrap market, 2018-2030 (US$M)
Related Markets
China food wrap market highlights
- The China food wrap market generated a revenue of USD 618.4 million in 2023 and is expected to reach USD 1,026.6 million by 2030.
- The China market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
Food wrap market data book summary
| Market revenue in 2023 | USD 618.4 million |
| Market revenue in 2030 | USD 1,026.6 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, China accounted for 12.0% of the global food wrap market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China food wrap 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 654.4 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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China food wrap 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 food wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 53.74% in 2024. Horizon Databook has segmented the China food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
The food service industry in China has experienced rapid growth and transformation in recent years, driven by urbanization, rising disposable incomes, and changing consumer preferences. The sector encompasses a wide range of establishments, from traditional street food vendors and small family-run restaurants to high-end dining establishments and international fast-food chains.
The industry continues to evolve with an increasing focus on convenience, quality, and diverse culinary experiences. This overall food service outlook is anticipated to benefit the food wrap market in the country.
Reasons to subscribe to China food wrap market databook:
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Target buyers of China food wrap market databook
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Our clientele includes a mix of food wrap 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 food wrap market , including forecasts for subscribers. This country databook contains high-level insights into China food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China food wrap market size, by material, 2018-2030 (US$M)
China Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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