Research Nester assesses the growth of China plastic spouts market which is anticipated to be on account of growing working class women who are demanding more cosmetics products in China.
New York – February 15, 2023 - Research Nester’s recent market research analysis on “China Plastic Spouts Market: Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the China plastic spouts market in terms of market segmentation by spout type, packaging type, and by end user.
Growing Government Initiatives to Reduce Plastic Pollution to Boost Growth of China Plastic Spouts Market
The China plastic spouts market is estimated to grow on account of growing government initiatives to reduce the plastic pollution. On January 16, 2020, the Ministry of Ecology and Environment (MEE) and the National Development and Reform Commission (NDRC) of China jointly released "Opinions on Further Strengthening the Control of Plastic Pollution," with the intention of outlawing and drastically reducing the production and use of environmentally harmful plastics over the ensuing five years. The Chinese government seeks to promote the production of alternative and biodegradable materials to prevent and reduce plastic pollution. Hence, plastic spout pouches are becoming more and more popular owing to their recyclable nature and little plastic usage during production.
Some of the major growth factors and challenges that are associated with the growth of the China plastic spouts market are:
- Growing Production of Generic Drugs in China
- Growing Demand for Cosmetics in China by Men
The use of plastic packaging for consumer products also harms the environment since it produces more waste, fills up landfills, and pollutes the ocean, causing the extinction of aquatic species. Since recycling requires conducting a transformation sequence, which could have detrimental environmental, labor-intensive, and expensive implications, it is also constraining market expansion. Additionally, the market for China's plastic spouts has faced new challenges as a result of the fast expansion of the express and food delivery industries.
By end user, the market in China for plastic spouts is segmented into food & beverage, cosmetics & personal care, pharmaceuticals, and others. Out of these segments, the food and beverage segment is anticipated to garner the largest revenue of USD 57.7 Million by the end of 2035. Further in the year 2022, the segment generated revenue of USD 27.8 Million. Growing demand for organic food which is further estimated to boost the adoption of flexible packaging is the major factor anticipated to boost the growth of the segment.
This report also provides the existing competitive scenario of some of the key players of the China plastic spouts market which includes company profiling of Guangdong Oudaya Packaging Co., Ltd., Shantou Fenbo Packaging Co., Ltd., Shantou Jinlei Plastic Industrial Co., Ltd., Shenyang Tengsheng plastic packaging co. LTD., Guangzhou Cheers Packing CO., LTD, Mingsanfeng Cap Mould Co.,Ltd, Shantou Mandun Plastic Co.,Ltd., Georg Menshen GmbH & Co. KG, Changzhou Huapu Plastics Container Co., Ltd., and others.