China Plastic Caps Market Analysis

End-user (Food & Beverage, Cosmetics, Personal Care, Pharmaceutical, Household)

The China plastic caps market is segmented and analyzed for demand and supply by end users into food & beverage, cosmetics and personal care, pharmaceutical, household, and others. Out of the five types of end user, the food & beverage segment is estimated to gain the largest market share of USD 10,059 million at the end of 2036 by growing at a CAGR of 7.2% over the projected time frame. Moreover, the segment generated a revenue of USD 4,708.7 million in 2022. The growth of the segment can be attributed to the increasing use of carbonated drinks and water bottles, for carbonated drinks mostly PET of polyethylene terephthalate is used for packaging. In China, the total estimated annual household packaging consumption of PET bottles in the food and beverage industry is around 75 tonnes and 5200 tonnes, respectively. In addition to this, the consumption of other plastic bottles was around 177 tonnes. Furthermore, with a per-person consumption of about 28 billion gallons of bottled water in 2020, China dominated the globe in bottled water consumption.

By Raw Material (HDPE, LDPE, PP, Others)

The China plastic caps market is also segmented and analyzed for demand and supply by raw material into HDPE, LDPE, PP, and Others. Amongst these four segments, the HDPE segment is expected to garner a market revenue of USD 6726.2 million at the end of 2036 by growing at a CAGR of 7% over the projected time frame. Additionally in 2021, the segment produced revenue of USD 3,207.2 million. As a base material for plastic caps, HDPE resin has various benefits, including food safety, chemical resistance, high flexibility, and sustainability. The segment growth is expected to be on the back of high demand for HDPE and rising imports in China.  Significantly more than any other nation or region, China was responsible for around 34% of the world's demand for HDPE in 2021 and China accounted for nearly 51% of net imports. In 2020, China imported about 3 million tonnes of HDPE and in the next year in 2021 around 6 million was imported.

Our in-depth analysis of the global market includes the following segments: