China Baby Food Flexible Packaging Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Population of Baby
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.
- Adoption of Recycling Grade Material to Reduce Packaging Waste
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.
- New Launches of the Product
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.
- Government Initiatives for More Child Births in China
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.
- Rising Preference of People to Use Environmentally Friendly Packaging
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
- Growing Preference for Homemade and Organic Foods
- Presence of Toxic Metal Which Can Damage the Brain
- Environmental Threats Imposed by Plastic-Based Flexible Packaging- The plastic dilemma has received more attention owing to the expanding e-commerce and food delivery sectors. China's plastic packaging growth rate increased from 2.3% in 2020 to 4.4% in 2021 last year. There is also biodegradable plastic present in the market, but still, they are not very easily degraded and require special conditions.
China Baby Food Flexible Packaging Market: Key Insights
|
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 |