Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are growing government initiatives to reduce plastic pollution, growing production of generic drugs in China, growing demand for cosmetics by men in China, and others.
The market is anticipated to attain a CAGR of 6.61% over the forecast period, i.e., 2023-2033.
Recycling and environmental concern of plastic spouts, supply chain disruption, and shortage of raw material for manufacturing estimated to be the growth hindering factors for the market expansion.
The major players in the market are Guangdong Oudaya Packaging Co., Ltd., Shantou Fenbo Packaging Co., Ltd., Shantou Jinlei Plastic Industrial Co., Ltd., and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by spout type, packaging type, end user and by region.
The food & beverage segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
