Packaging Industry In China - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The packaging industry in China is expected to register a CAGR of 13.52% during the forecast period. The growing per capita income and the changing social climate and demographics are some of the factors that greatly influence the Chinese packaging industry. These changes have stirred the need for new packaging materials, methods, and formats.
Key HighlightsThe competitive rivalry in the plastic packaging industry is low, owing to the presence of some key players like Amcor PLC, Mondi PLC, Sealed Air Corporation, Transpak Inc., and Tetra Pak International SA. Companies can gain a competitive advantage over their competitors with the ability to constantly innovate products and introduce new products in the market that support their growth. Significant investment in research and development activities and strategic mergers and acquisitions have allowed the companies to gain a strong foothold in the market.
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