The China Plastic Spouts Market size is expected to surpass USD 145.0 Million by the end of 2033, witnessing around 6.61% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of china plastic spouts was USD 71.9 Million. The growth of the market in this region can be attributed to the growing working class women who are demanding more cosmetics products in China. According to a poll, almost 42% of Chinese women stated they spend an average of USD 73 to about USD 300 year on makeup, according to China Youth Daily. Also, there has been growing young population which is also estimated to increase the demand for cosmetics in China. Compared to older women (about 82%), a higher percentage of young women (approximately 87%) make up regularly. The women in China stated that often wear "little makeup" on ordinary days but "full makeup" while going to formal occasions such as banquets or business client meetings. Hence owing to the increasing demand for cosmetics in China, the market is expected to grow further.
Additionally, there has been growing demand for ready-to-eat products in China. Further, since COVID-19 the demand for read-to-eat meal went much higher since more people were staying at home. Also, the prices for raw material went up during COVID-19, hence consumers appeared to believe it was wise to store up food. Hence the demand for ready-to-eat food went up. Moreover, young people especially who are working prefer ready-to-eat food, since they find it more convenient than cooking at home. However, the geriatric population in China who are leaving alone is also estimated to demand for more ready-to-eat food. In China, the percentage of senior persons living alone has risen from about 17% in 1993 to approximately 26% in 2007 and may reach about 89% by 2030. Hence growing geriatric population in China who are living alone is also estimated to boost the growth of the market.
Growth Drivers
The National Development and Reform Commission (NDRC) of China and the Ministry of Ecology and Environment (MEE) jointly published "Opinions on Further Strengthening the Control of Plastic Pollution" on January 16, 2020, with the goal of outlawing and drastically reducing the production and use of environmentally harmful plastics over the course of the following five years. To avoid and control plastic pollution, the Chinese government seeks to promote the manufacture of alternative and biodegradable materials. As a result of its recyclable nature and minimal use of plastic during production, plastic spout pouches have become more and more popular.
China has been heavily reliant on generic drugs. Over 94% of the about 160,000 drug licenses granted by the Chinese FDA are for generic medications, according to the National Health Commission of that nation.
In China, more than half of the male consumers as of 2021 claimed to use skincare products frequently, if not daily.
More than 65,000 domestic pre-cook-related businesses were registered in the country as of June 2022, more than 1,019 of which were brand-new businesses.
Every month, China generates almost 6 million metric tonnes of plastic products. The greatest monthly production of plastic goods since January 2020 was approximately 8 million metric tonnes in December 2021.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
|
CAGR |
6.61% |
|
Base Year Market Size (2022) |
USD 71.9 Million |
|
Forecast Year Market Size (2033) |
USD 145.0 Million |
|
Regional Scope |
China |
End-user (Food & Beverage, Cosmetics & Personal Care, Pharmaceutical)
The China plastic spouts market is segmented and analyzed for demand and supply by end user into food & beverage, cosmetics & personal care, pharmaceuticals, and others. Out of which, the food & beverage segment is anticipated to garner the highest revenue of USD 57.7 Million by the end of 2033, up from a revenue of USD 27.8 Million in the year 2022. Further, the segment is anticipated to grow at a highest CAGR of 6.91% over the forecast period, backed by growing demand for organic food which is further estimated to boost the adoption of flexible packaging. The sales of organic food in China climbed to roughly USD 75 billion in 2021. China exported organic foods valued over 1 billion US dollars in the same year. Flexible packaging is preferred as it is convenient for transit and storage. Spout pouches are most frequently used to package baby foods and beverages. Hence, further owing to growing demand for baby food the market is estimated to grow. Plastic spouts are extensively used by food sector in order to store jelly, cream, spread, or any other thick liquid in produce. Additionally, growing number of food industries and demand for more innovative packaging solution the market is estimated to grow further.
Packaging Type (Pouch, Bottle)
The China plastic spouts market is also segmented and analyzed for demand and supply by packaging type into pouch, bottle, and others. Amongst which, the bottle segment is expected to generate the highest revenue of USD 66.8 Million by the end of 2033, up from a revenue of USD 33.5 Million in the year 2022. However, pouch segment is anticipated to grow at the largest CAGR of 7.33% over the forecast period, backed by their growing preference owing to their customizable and versatile nature. Spout pouch are a type of flexible plastic packaging, hence they are found to be more convenient and they are also better on environment than rigid packaging. This packaging is used for a variety of products including energy drinks, baby food, cocktails, detergent, and screen washing solutions. Additionally, spout pouch demand has increased as a result of rapid urbanization, hectic lives, and rising individual spending power. These factors have also increased the sales of packaged food goods.
Our in-depth analysis of the global market includes the following segments:
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By Spout Type |
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By Packaging Type |
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By End User |
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Guangdong Oudaya Packaging Co., Ltd.,
Author Credits: Abhishek Anil
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