PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332639
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332639
According to SPER Market Research, 'China Plastic Packaging Market Size- By Type, By Products, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the China Plastic Packaging Market is predicted to reach USD XX billion by 2033 with a CAGR of 3.7%.
To hold, protect, and distribute commodities or products, plastic packaging refers to the use of many types of plastic materials. It is a typical packaging strategy that is utilised in a variety of sectors, including electronics, personal care, food & beverage, and many others. The growth of the plastic packaging market in China is driven by the increasing demand for PET plastic bottles in packaging various products like bottled water, juices, soft drinks, medicines, household cleaners, and personal care items.
The COVID-19 outbreak had both positive and negative effects on the plastic packaging industry in China. On one hand, the lockdown measures caused disruptions in the supply chain and manufacturing, presenting challenges to the industry. However, the pandemic also led to significant shifts in consumer behavior. With more people staying at home, there was an increase in demand for food delivery services and a rise in beverage consumption, particularly for carbonated drinks.