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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171423

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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171423

China Fresh Food Packaging Market - Forecasts from 2022 to 2027

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The China fresh food packaging market is expected to grow at a CAGR of 4.14% over the forecast period. The Chinese fresh food packaging market is growing due to an increase in demand for fresh and healthier food. The fresh food packaging market in China is being majorly driven by the increase in advancement in packaging technology. New packaging technology is improving the quality and increasing the shelf life of fresh produce. The fresh food market in China is also growing due to the industrialization of the country. The growing demand due to increasing disposable income and changes in lifestyle is constructively attributed to the growth of the fresh food packaging market. The companies are heavily investing in research and development in formulating new packaging technologies for expanding their product base. The growing development and improving education in the country are making the consumer aware of health concerns and making people opt for healthy eating habits. People are focusing more on consuming fresh food for maintaining health, and this is further increasing the market for fresh food packaging. The increasing export of raw materials in the country to further increases the demand for fresh food packaging for providing safety and protection to the enclosed fresh food. The market is witnessing a restrain in growth due to the rising cost of raw materials and strict government regulations. China's National Center for Food Safety Risk Assessment (CFSA) has specifically made it a compulsion for manufacturers to obey rules and regulations, otherwise, strict actions will be taken against the manufacturers. This, on the positive side, is giving rise to innovative and better packaging of fresh food items. This has led to the production of more convenient and attractive packaging.

The China Fresh Food Packaging market has been segmented on the basis of material and application. By material, the market has been segmented as plastic, paper and board, glass, and metal. By application, the China fresh food packaging market has been classified into poultry and meat products, dairy products, produce (vegetables and fruits), seafood, and others. By material, plastic holds a significant market share. However, with growing concerns over environmental sustainability, strict government rules and regulations over the banning of plastic are boosting the demand for biodegradable materials for packaging such as paper, board, and glass. By application, poultry and meat products accounted for a significant market share in 2020 owing to the rising consumption of these fresh food products along with the increased export of fresh and frozen chicken around the world.

Competitive Insights

Prominent key market players in the Chinese fresh food packaging market include Mondi, Amcor PLC, and Hangzhou Zhongsu Packaging Materials Co., Ltd., among others. Because of their strong brand image and product offerings, these companies have a sizable market share. Major players in the China fresh food packaging market have been covered along with their relative competitive positions and strategies. The report also discusses recent deals and investments made by various market participants over the last two years.

Recent Developmentss

  • In January 2022, Pactiv Evergreen Inc., one of North America's largest manufacturers of fresh food and beverage packaging, announced that its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), had entered into a definitive agreement to sell its carton packaging and filling machinery businesses in China, Korea, and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of $335 million.
  • Amcor China collaborated with JD Farm, a division of China's largest online retailer JD.com, in April 2021 to develop the next generation of packaging for more effective and interactive consumer engagement. The jointly developed NFC (Near Field Communication)-enabled packaging employs cutting-edge technology to provide consumers with information on the quality, safety, and origin of JD Farm's products.

COVID-19 impact on China Fresh Food Packaging Market

During the recent COVID-19 pandemic, Chinese manufacturers faced supply chain disruption, a shortage of raw materials used in manufacturing, and labour shortages, all of which hampered production and shipping processes.

Segmentation

  • By Material

Plastic

Paper and Board

Glass

Metal

  • By Application

Poultry and Meat Products

Dairy Products

Produce (Vegetables and Fruits)

Seafood

Others

Product Code: KSI061611118

TABLE OF CONTENTS

1. Introduction

  • 1.1. Market Overview
  • 1.2. Covid-19 Scenario
  • 1.3. Market Definition
  • 1.4. Market Segmentation

2. Research Methodology

  • 2.1. Research Data
  • 2.2. Assumptions

3. Executive Summary

  • 3.1. Research Highlights

4. Market Dynamics

  • 4.1. Market Drivers
  • 4.2. Market Restraints
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers
    • 4.3.2. Bargaining Power of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Competitive Rivalry in the Industry
  • 4.4. Industry Value Chain Analysis

5. China Fresh Food Packaging Market, By Material

  • 5.1. Introduction
  • 5.2. Plastic
  • 5.3. Paper and Board
  • 5.4. Glass
  • 5.5. Metal

6. China Fresh Food Packaging Market, By Application

  • 6.1. Introduction
  • 6.2. Poultry and Meat Products
  • 6.3. Dairy Products
  • 6.4. Produce (Vegetables and Fruits)
  • 6.5. Seafood
  • 6.6. Others

7. Competitive Environment and Analysis

  • 7.1. Major Players and Strategy Analysis
  • 7.2. Emerging Players and Market Lucrativeness
  • 7.3. Mergers, Acquisitions, Agreements, and Collaborations
  • 7.4. Vendor Competitiveness Matrix

8. Company Profiles

  • 8.1. Mondi
  • 8.2. Amcor PLC
  • 8.3. LD Packaging Ltd.
  • 8.4. Logos Pack.
  • 8.5. Qingdao Haoyu Packing Co., Ltd
  • 8.6. Wenzhou Co-Pack Co., Ltd.
  • 8.7. Jieshou Tianhong New Material Co., Ltd.
  • 8.8. HengZhong Packaging Co., Ltd.
  • 8.9. Hangzhou Zhongsu Packaging Materials Co.,Ltd
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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