China Plastic Caps and Closures Market Growth, Size, Trends, Revenue, Demand and Future Outlook
China Plastic Caps and Closures Market Size- By Product Type, By Container Type, By Raw Material, By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: PACK2319 | Pages: 1 - 107 | Formats*: |
| Category : Packaging | |||
China Plastic Caps and Closures Market Introduction and Overview
According to SPER Market Research, the China Plastic Caps and Closures Market is estimated to reach USD XX billion by 2033 with a CAGR of 4.3%.
The report includes an in-depth analysis of the China Plastic Caps and Closures Market, including market size and trends, product mix, distribution channels, and supplier analysis. Plastic caps and closures are a category of packaging component used to close and secure bottles, jars, and other containers. To maintain product freshness, stop leakage, and guarantee consumer safety, these closures are widely utilised in a variety of industries, including those that produce food and beverages, medicines, personal care products, and household goods.
- January 2022: Albéa has launched EcoFusion Top, a two-in-one cap solution for personal care products made from HDPE (high-density polyethylene). The innovative cap is designed to reduce weight significantly compared to conventional tubes. The company states that EcoFusion Top adheres to the Ista-6 standard and is well-suited for the e-commerce industry as well. This new packaging solution aims to offer both environmental benefits and improved suitability for the growing e-commerce market.
- May 2022: Carlyle Group announced its intention to purchase HCP, a Chinese cosmetic packaging company. More than 250 well-known cosmetics, skincare, and fragrance companies, including Estée Lauder, L'Oréal, and Shiseido, have partnered with HCP. Strategic purchases will help Carlyle strengthen HCP's research and development (R&D) capabilities as part of the acquisition.
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Market Opportunities and Challenges
There are several opportunities and difficulties in the Chinese market for plastic caps and closures. The need for plastic caps and closures is anticipated to rise significantly as the nation's manufacturing sector and consumer industries continue to expand. Important chances include:
- Growing Packaging Sector: The need for plastic caps and closures is being driven by the growth of the food and beverage, pharmaceutical, personal care, and household products sectors. These sectors have a greater requirement for effective and secure packaging solutions.
- Competitive Landscape: Booming e-commerce in China has boosted demand for plastic caps and closures used to package goods for online retail. Reliable and leak-resistant closures are necessary given the increase in online shopping and residential delivery.
Despite these chances, the Chinese market for plastic caps and closures nevertheless faces a number of difficulties:
- Environmental Issues: The influence of the plastics sector, which includes caps and closures, is under investigation. Management of plastic trash and the requirement for sustainable alternatives are urgent concerns that businesses must solve.
- Competitive Environment: There are many domestic and foreign businesses contending for market share in this extremely competitive market. Manufacturers must concentrate on cost effectiveness and product differentiation to stay competitive.
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Market Competitive Landscape
The caps and closures market in China is experiencing heightened competition due to the increasing demand for packaged food products and the presence of numerous vendors in the country. To maintain their market presence and gain a competitive edge, these vendors pursue strategies of horizontal and vertical integration. This approach helps to reduce competition and facilitates further expansion in the market. Among the major players operating in the Chinese caps and closures market are Albea Group, Bericap GmbH, Aptar Group, and Berry Global Inc., along with other notable companies.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Container Type, By Raw Material, By Technology, By End User |
| Regions covered | Eastern China, Northern China, Southern China, Western China |
| Companies Covered | Albea Group, Aptar Group Inc., Bericap Gmbh, Berry Global Inc., Crown Asia Pacific Holdings Ltd, Others |
COVID-19 Impact on China Plastic Caps and Closures Market
The COVID-19 pandemic has had a profound impact on China's food supply chains and consumer behavior, altering various aspects such as grocery shopping, travel, and luxury goods purchasing. The rise in online grocery shopping, driven by the pandemic, is expected to continue in the post-COVID period, leading to sustained growth in the market during the forecast period. The outbreak has prompted significant changes in how consumers approach their daily lives, creating new opportunities and challenges for businesses and industries in China.
Key Target Audience
- Beverage and Bottled Water Manufacturers
- E-commerce and Online Retailers
- Food Manufacturers
- Government Regulatory Bodies
- Household and Cleaning Product Manufacturers
- Packaging Designers and Engineers
- Packaging Distributors and Suppliers
- Personal Care and Cosmetics Brands
- Pharmaceutical Companies
- Retailers
- Others
Our in-depth analysis of the China Plastic Caps and Closures Market includes the following segments:
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Key Topics Covered in the Report
- China Plastic Caps and Closures Market Size (FY’2023-FY’2033)
- Overview of China Plastic Caps and Closures Market
- Segmentation of China Plastic Caps and Closures Market By Product Type (Child-resistant closures, Dispensing caps, Double-wall closures, Screw-on caps, Twist-on closures, Others)
- Segmentation of China Plastic Caps and Closures Market By Container Type (Plastic, Glass)
- Segmentation of China Plastic Caps and Closures Market By Raw Material (High Density Polyethylene, Low Density Polyethylene, Polyethylene terephthalate, Polypropylene, Polyvinyl Chloride, Others)
- Segmentation of China Plastic Caps and Closures Market By Technology (Compression Molding, Injection Molding, Post-Mold TE band)
- Segmentation of China Plastic Caps and Closures Market By End User (Automotive and Chemical, Beverage, Food, Personal & homecare, Pharmaceutical, Others)
- Statistical Snap of China Plastic Caps and Closures Market
- Expansion Analysis of China Plastic Caps and Closures Market
- Problems and Obstacles in China Plastic Caps and Closures Market
- Competitive Landscape in the China Plastic Caps and Closures Market
- Impact of COVID-19 and Demonetization on China Plastic Caps and Closures Market
- Details on Current Investment in China Plastic Caps and Closures Market
- Competitive Analysis of China Plastic Caps and Closures Market
- Prominent Players in the China Plastic Caps and Closures Market
- SWOT Analysis of China Plastic Caps and Closures Market
- China Plastic Caps and Closures Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the China Plastic Caps and Closures Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. China Plastic Caps and Closures Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Plastic Caps and Closures Market
7. China Plastic Caps and Closures Market, By Product Type (USD Million)
7.1. China Plastic Caps and Closures Market Value Share and Forecast, By Product Type, 2023-20337.2. Child-resistant closures7.3. Dispensing caps7.4. Double-wall closures7.5. Screw-on caps7.6. Twist-on closures7.7. Others
8. China Plastic Caps and Closures Market, By Container Type (USD Million)
8.1. China Plastic Caps and Closures Market Value Share and Forecast, By Container Type, 2023-20338.2. Plastic8.3. Glass
9. China Plastic Caps and Closures Market, By Raw Material (USD Million)
9.1. China Plastic Caps and Closures Market Value Share and Forecast, By Raw Material, 2023-20339.2. High Density Polyethylene (HDPE)9.3. Low Density Polyethylene (LDPE)9.4. Polyethylene terephthalate (PET)9.5. Polypropylene (PP)9.6. Polyvinyl Chloride (PVC)9.7. Others
10. China Plastic Caps and Closures Market, By Technology (USD Million)
10.1. China Plastic Caps and Closures Market Value Share and Forecast, By Technology, 2023-203310.2. Compression Molding10.3. Injection Molding10.4. Post-Mold TE band
11. China Plastic Caps and Closures Market, By End User (USD Million)
11.1. China Plastic Caps and Closures Market Value Share and Forecast, By End User, 2023-203311.2. Automotive and Chemical11.3. Beverage11.4. Food11.5. Personal & homecare11.6. Pharmaceutical11.7. Others
12. China Plastic Caps and Closures Market Forecast, 2019-2033 (USD Million)
12.1. China Plastic Caps and Closures Market Size and Market Share
13. China Plastic Caps and Closures Market, By Product Type, 2019-2033 (USD Million)
13.1. China Plastic Caps and Closures Market Size and Market Share By Product Type (2019-2026)13.2. China Plastic Caps and Closures Market Size and Market Share By Product Type (2027-2033)
14. China Plastic Caps and Closures Market, By Container Type, 2019-2033 (USD Million)
14.1. China Plastic Caps and Closures Market Size and Market Share By Container Type (2019-2026)14.2. China Plastic Caps and Closures Market Size and Market Share By Container Type (2027-2033)
15. China Plastic Caps and Closures Market, By Raw Material, 2019-2033 (USD Million)
15.1. China Plastic Caps and Closures Market Size and Market Share By Raw Material (2019-2026)15.2. China Plastic Caps and Closures Market Size and Market Share By Raw Material (2027-2033)
16. China Plastic Caps and Closures Market, By Technology, 2019-2033 (USD Million)
16.1. China Plastic Caps and Closures Market Size and Market Share By Technology (2019-2026)16.2. China Plastic Caps and Closures Market Size and Market Share By Technology (2027-2033)
17. China Plastic Caps and Closures Market, By End User, 2019-2033 (USD Million)
17.1. China Plastic Caps and Closures Market Size and Market Share By End User (2019-2026)17.2. China Plastic Caps and Closures Market Size and Market Share By End User (2027-2033)
18. China Plastic Caps and Closures Market, By Region, 2019-2033 (USD Million)
18.1. China Plastic Caps and Closures Market Size and Market Share By Region (2019-2026)18.2. China Plastic Caps and Closures Market Size and Market Share By Region (2027-2033)18.3. Eastern China18.4. Northern China18.5. Southern China18.6. Western China
19. Company Profile
19.1. Albea Group
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Aptar Group Inc.
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. Bericap Gmbh
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. Berry Global Inc.
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Crown Asia Pacific Holdings Ltd
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments
19.6. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
China Plastic Caps and Closures Market CAGR of 4.3% during the forecast period.
You can get the sample pages by clicking the link - Click Here
China Plastic Caps and Closures Market size is USD XX billion from 2023 to 2033.
China Plastic Caps and Closures Market Segment is covered By Product Type, By Container Type, By Raw Material, By Technology, By End User.
The Asia-Pacific is anticipated to have the highest market share in the China Plastic Caps and Closures Market.
The key players in the market include Companies Covered Albea Group, Aptar Group Inc., Bericap Gmbh, Berry Global Inc., Crown Asia Pacific Holdings Ltd, Others.
The need for plastic caps and closures is being driven by the growth of the food and beverage, pharmaceutical, personal care, and household products sectors. These sectors have a greater requirement for effective and secure packaging solutions.
China Plastic Caps and Closures Market is projected to reach USD XX billion by 2033, growing at a CAGR of 4.3% during the forecast period.
China Plastic Caps and Closures Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 4.3% during the forecast period.
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