China Plastic Spouts Market Trends

  • Report ID: 4688
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT
  1. An Outline of the China Plastic Spouts Market
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Abbreviations
  3. Summary of the Report for Key Decision Makers
  4. Major Roadblocks for the Market Growth
  5. Industry Risk Analysis
    1. Demand Risk Analysis
    2. Supply Risk Analysis
  6. Industry Supply Chain Analysis
  7. End User Analysis
  8. Competitive Positioning: Strategies to Differentiate a Company From its Competitors
  9. Competitive Model: A Detailed Inside View for Investors
    1. Market Share of Major Companies Profiled, 2022
    2. Business Profiles of Key Enterprises
      1. Guangdong Oudaya Packaging Co., Ltd.
      2. Shantou Fenbo Packaging Co., Ltd.
      3. Shantou Jinlei Plastic Industrial Co., Ltd.
      4. Shenyang Tengsheng plastic packaging co. LTD.
      5. Guangzhou Cheers Packing CO., LTD
      6. Mingsanfeng Cap Mould Co.,Ltd
      7. Shantou Mandun Plastic Co.,Ltd.
      8. Georg Menshen GmbH & Co. KG
      9. Changzhou Huapu Plastics Container Co., Ltd.
      10. Other players
  10. China Plastic Spouts Market, Outlook & Projections, Opportunity Assessment, 2022 to 2033
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. China Plastic Spouts Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Spout Type
        1. Cap, Market Value (USD Million), CAGR, 2023-2033F
        2. Dropper, Market Value (USD Million), CAGR, 2023-2033F
        3. Pumps, Market Value (USD Million), CAGR, 2023-2033F
        4. Others, Market Value (USD Million), CAGR, 2023-2033F
      2. By Packaging Type
        1. Pouch, Market Value (USD Million), CAGR, 2023-2033F
        2. Bottle, Market Value (USD Million), CAGR, 2023-2033F
        3. Others, Market Value (USD Million), CAGR, 2023-2033F
      3. By End User
        1. Food & Beverage, Market Value (USD Million), CAGR, 2023-2033F
        2. Cosmetics and Personal Care, Market Value (USD Million), CAGR, 2023-2033F
        3. Pharmaceutical, Market Value (USD Million), CAGR, 2023-2033F
        4. Others, Market Value (USD Million), CAGR, 2023-2033F

China Plastic Spouts Market Trends

Growth Drivers

  • Growing Government Initiatives to Reduce the Plastic Pollution

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.

  • Growing Production of Generic Drugs in China

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.

  • Growing Demand for Cosmetics in China by Men

In China, more than half of the male consumers as of 2021 claimed to use skincare products frequently, if not daily.

  • Surge in Pre-Cook-Related Enterprises

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.

  • Rise in Production of Plastic

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

  • Recycling and Environment Concern of Plastic Spouts - The use of plastic packaging for spout products is also harmful to the environment since it increases garbage, clogs landfills, and pollutes the ocean, killing aquatic life. Further, plastic spout recycling issues and environmental concerns are limiting market expansion since recycling entails performing a transformation sequence, which could have negative environmental, labor-intensive, and financial effects. The rapid growth of the express and food delivery sectors has also presented new difficulties for the China plastic spouts market.
  • Supply Chain Disruption
  • Shortage of Raw Material for Manufacturing

China Plastic Spouts Market: Key Insights

Base Year

2022

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

Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Anil


  • Report ID: 4688
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT

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.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample