China Report on Flexible Packaging Market Industry [2015-2019]

Jan 02 2016 Mumbai, India: Bharatbook.com announces a report on “ China Report on Flexible Packaging Market Industry [2015-2019] ”. 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.

Market outlook of flexible packaging

The flexible packaging market in China is expected to grow moderately during the forecast period. Market research analysts predict the flexible packaging market in China to post a CAGR of close to 8% over the next four years.

One of the major reason for the growth of this market in China is increased economic development in the country. In terms of sales revenue, 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.

Market segmentation of flexible packaging in China by type

Plastic

Paper

Aluminum foil

Cellulose

The plastic segment is the largest segment of the flexible packaging market in China and it accounted for a little more than 74% of the market share in 2014. Various types of plastic are available in the market for manufacturing of packaging products to meet specific needs of consumers.

Market segmentation of flexible packaging in China by end-user segments

Pharmaceutical and healthcare

Food and beverageOther end-user applications

In 2014, the food and beverage segment accounted for the largest portion of the overall flexible packaging market in China, and it will continue to dominate the market during the forecast period.

The top manufacturers of flexible packaging in China analyzed in the report

Amcor Flexibles

FlexPAC

ND Paper

Shandong Lipeng

Shanghai Zijiang

The other prominent vendors of this...