The China baby food flexible packaging market is estimated to garner a revenue of USD 30,817.4 million by the end of 2031 by growing at a CAGR of 9.34% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 12,754.5 Million in the year 2021. The growth of the market can be attributed to people’s rising concern about baby food brands. Parents have become more aware than ever of the brand producing baby food. One recent study has shown that around 95% of baby food contains toxic metals, including cadmium, arsenic, lead, and mercury. These metals can affect the cognitive development of a child, it increases the risk of metals and slowing down the physical growth of the baby. Around 36% of people showed their immense concern about the brand they are buying the baby food from, and nearly 40% were sufficiently concerned about the same.
Get more information on this report:In addition to these, factors that are believed to fuel the market growth of China baby food flexible packaging include the proactive effort by the government of China to boost the infant population in the region. For instance, China’s government introduces 3 children policy for each set of parents, it allows couples to conceive three children for balancing the younger and older population. Furthermore, in 2021, nearly 11 million babies were born and had a rate of 7.52 per thousand people. The rising population will increase the need for baby food. Baby food has various nutritious properties, it contains iron, calcium, and vitamins, which are crucial for babies’ growth.
Base Year |
2021 |
Forecast Year |
2022-2031 |
CAGR |
9.34% |
Base Year Market Size (2021) |
USD 12,754.5 Million |
Forecast Year Market Size (2031) |
USD 30,817.4 Million |
Regional |
China |
Growth Drivers
With the steady increase in the infant population in the country is to boost the demand for baby food as it is essential for physical and mental growth of the baby. In 2020, nearly 12 million babies were born in China. The birth rate was 8.52 for every 1000 people.
By 2025, China is projected to have packaging garbage that is heavier than more than 400 aircraft carriers. The amount of waste can be reduced and the energy cost of recycling by using recycling grade material for packaging.
Unique-shaped food packaging, an aluminum foil custom bag was launched by BaoLai Packaging Co., Ltd. A standard triangular sealed bag, a center sealed bag, and a four-sided sealed bag make up this special-shaped bag.
East China's Zhejiang province's Longwan district intends to provide families with a second child a USD 140 monthly payment up until the children become three years old, with USD 425 for families with a third child. The rising efforts of the government to boost the infant population are expected to increase the number of childbirths, which in turn is anticipated to boost the baby food demand.
In China, around 24% of Gen Z and millennials verify sustainable packaging before buying the product. Moreover, Chinese consumers between the ages of 30 and 49 have the highest sustainable consumption abilities, young individuals between the ages of 20 and 29 demonstrate the most enthusiasm and awareness in sustainable consumption.
Challenges
The China baby food flexible packaging market is segmented and analyzed for demand and supply by product into dried baby food, milk formula, prepared baby food, and others. Out of all, the milk formula segment is anticipated to hold the largest market size of USD 15,270 million by the end of 2031 by growing at a CAGR of 9.52% over the forecast period. The segment garnered a revenue of USD 6,220.4 million in 2021. The growth of the segment can be attributed to the increasing demand of baby milk formula in the country. In China the demand of milk formula has been doubled and it accounts for nearly 50% of the total global value of the milk formula in 2020. Furthermore, in last few years the import of baby formula from European, Australian brands has increased by two times. Moreover, the milk formula segment is further being fragmented into liquid milk formula and powder milk formula. Among these two, the powder milk formula segment is to generate the highest revenue at the end of 2031 and also grow with the highest CAGR of 10.28% during the forecast period.
The China baby food flexible packaging market is also segmented and analyzed for demand and supply by material into plastic, aluminum foil, paperboard, and others. Amongst all these segments, the plastic segment is expected to garner the highest market revenue of USD 17,837.1 million at the end of 2031 by growing at a CAGR of 9.18% over the forecast period. Moreover, the segment generated a revenue of USD 7,492 million in 2021. China already commands significant global market shares for flexible packaging. Moreover, food packaging is continuously growing in the region, from around 400,000 million package items in 2018 to nearly 448,000 million in 2023. In addition to this, the largest portion is made up of plastic packaging, followed by glass, metal, and paper. Plastic packaging is the most preferable packaging owing to the factors, including plastic packaging can tolerate extreme temperatures and protects the product from moisture, odors, light, and dust. Moreover, plastic packaging is versatile and enables manufactures to alter its size, and shape to meet the requirements.
Our in-depth analysis of the China baby food flexible packaging market includes the following segments:
By Type |
|
By Material |
|
By Product |
|
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Rising effort to increase the country’s population, increased demand for baby food and rising awareness towards environmentally friendly packaging are the few factors which are likely to boost the market growth.
Ans: The market is anticipated to attain a CAGR of 9.34% over the forecast period, i.e., 2022 – 2031.
Ans: Increasing popularity of homemade food, toxicity of metal present in the packaged food and plastic flexible food putting stress on the environment are the few factors likely to hamper the market growth.
Ans: The major players in the market are BEAPAK, Minfly Packaging, Xiamen Kinderway Packaging Co., Ltd., Scholle IPN, Guangdong Danqing Printing Co., Ltd., HengZhong Packaging Co., Ltd., Henan Baolai Packaging Co., Ltd., Amcor PLC, Sealed Air, TedPack Company Limited, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, material, and by product.
Ans: The milk formula is anticipated to garner the largest market size of USD 15,270 million by the end of 2031 and display significant growth opportunities. The segment is expected to grow at a CAGR of 9.52% over the forecast period. Moreover, the segment garnered a revenue of USD 6,220.4 in 2021.
Submit Your Request For Proposal (RFP)