China Plastic Caps Market Size & Share, by Cap Type (Screw-on Caps, Dispensing Systems); Raw Material (HDPE, LDPE, PP); End-user (Food & Beverage, Cosmetics, Personal Care, Pharmaceutical, Household) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4687
  • Published Date: Feb 27, 2023
  • Report Format: PDF, PPT
  1. Introduction
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
  4. Summary of the Report for Key Decision Makers
  5. Major Roadblocks for the Market Growth
  6. Industry Risk Analysis
  7. Industry Supply Chain Analysis
  8. End User Analysis
  9. Competitive Positioning: Market Strategies to Differentiate a Company From its Competitors
  10. Competitive Model: A Detailed Inside View for Investors
    1. Market Share of Major Companies Profiled, 2022
    2. Business Profiles of Key Enterprises
      1. Hicap Closures Co., Ltd.
      2. Shantou Jinlei Plastic Industrial Co., Ltd.
      3. Guangzhou Cheers Packing CO., LTD
      4. Cangzhou Weikang Food & Pharmaceutical Package Co., Ltd.
      5. Berry Global Inc.           
      6. Albéa (Albéa Suzhou)  
      7. Jinan Youlyy Industrial Co., Ltd.
      8. Ningbo GreenYard Sprayers Co.,Ltd
      9. BERICAP                       
      10. Yulin Plastic Packing Factory
      11. Chenxin Packaging CO., Limited
  11. China Plastic Caps 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. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. China Plastic Caps Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Cap Type
        1. Screw-On Caps, Market Value (USD Million) & CAGR, 2022-2033F
        2. Dispensing Caps, Market Value (USD Million) & CAGR, 2022-2033F
        3. Others, Market Value (USD Million) & CAGR, 2022-2033F
      2. By Raw Material
        1. HDPE (High Density Polyethylene), Market Value (USD Million) & CAGR, 2022-2033F
        2. LDPE (Low Density Polyethylene), Market Value (USD Million) & CAGR, 2022-2033F
        3. PP (Polypropylene), Market Value (USD Million) & CAGR, 2022-2033F
        4. Others, Market Value (USD Million) & CAGR, 2022-2033F
      3. By End User
        1. Food & Beverage, Market Value (USD Million) & CAGR, 2022-2033F
        2. Cosmetics and Personal Care, Market Value (USD Million) & CAGR, 2022-2033F
        3. Pharmaceutical, Market Value (USD Million) & CAGR, 2022-2033F
        4. Household, Market Value (USD Million) & CAGR, 2022-2033F
        5. Others, Market Value (USD Million) & CAGR, 2022-2033F

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

China Plastic Caps Market size is expected to cross USD 16,317.7 Million by the end of 2033, growing at a CAGR of 6.8% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of china plastic caps was USD 7,962.3 Million. The growth of the market can be attributed to the increasing export of plastic bottles and caps from China to other countries. The growing demand for plastic caps from other countries increases the manufacturing of plastic caps in China. Plastic stoppers, lids, caps, and other closures were China's 288th most exported goods in 2020. Additionally, China was the world's biggest exporter of plastic stoppers, lids, caps, and other closures in the same year, shipping more than USD 1 billion worth of these products abroad. Furthermore, China manufactures about 34% of the plastic bottles shipped to the United States. Moreover, over 30% of plastic lids going to the US are produced in China.

In addition to these, factors that are believed to fuel the market growth of China plastic caps include the rise in cheaper manufacturing cost of plastic products in China. Everyone in the world wants products at a reasonable cost, therefore low product cost of plastic boosts the demand for plastic product from various nations of the world, thus pushing the manufacturing units of China.  The cost of productivity is lower on the back of extremely low labor costs, the salary of a tool maker is the lowest in the world, a Chinese tool maker will gladly perform the same task for around USD 1,000 while a tool maker in the US easily earns more than USD 40,000 annually. Furthermore, the overhead cost of the factory in China also contributed to low production costs. Many Chinese businesses are open 24 hours a day, 7 days a week, making better use of their costly machinery and making it comparably less expensive.


China-Plastic-Caps-Market-overview
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China Plastic Caps Sector: Growth Drivers and Challenges

Growth Drivers

  • Higher Production of Plastic – Increased production of high-quality plastic is expected to augment the production of plastic-made products in China. Every month, China generates almost 7 million metric tonnes of plastic products. The greatest monthly production of plastic goods since January 2020 was around 8 million metric tonnes in December 2021.

  • Higher Use of Plastic in Packaging– Products in plastic packaging preserve their flavor, aroma, and nutritional value while being secured from external contamination. Therefore, plastics are highly used in packaging. The total estimated annual household plastic packaging consumption in China is 19,800 tonnes, out of which the total consumption of cans and containers, and PET bottles is around 3,800 and 5,500 respectively.

  • Rising Use of Bottles for Water and Beverages – Most water bottles and both carbonated & non-carbonated beverages used plastic caps from sealing the content.  Around 11 million metric tonnes of soft drinks were produced in China in November 2022. Furthermore, the sale revenue of soft drinks in the year 2022 was around USD 126 billion.

  • Introduction of Better Plastic Caps and Grips – The International Technical Centre for Bottling and Related Packaging CETIE introduced a new standard for the neck of the cap, which is GME 30.40 to curb the weight of the neck and closure. Moreover, BERCAP launched around 7049 closures that matched the GME 30.40 standards for neck finish.

  • Low Production Cost of Plastic– The cost of plastic production in China is estimated to be cheap owing to low labor costs, the abundance of raw materials, and higher factory working hours.  The price of plastic products is around 30% to 75% lower than in the United States.

Challenges

  • Existence of Alternatives to Plastic Caps - The increasing option of materials that can be used to make caps is likely to hinder the market growth. For instance, in alcoholic beverages, cork closures and aluminum caps are used. On the other hand, in glass bottles generally, metal caps are used. Furthermore, rubbers are highly used when re-sealing is required, such as in pharmaceutical bottles. The primary barrier to the expansion of the plastic cap market is rubber, which competes with plastic even in plastic container closures.
  • Negative Impact of Plastic on the Environment
  • Various Policy Launched by the Government to Reduce Plastic-Usage

China Plastic Caps Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

6.8%

Base Year Market Size (2022)

USD 7,962.3 Million

Forecast Year Market Size (2033)

USD 16,317.7 Million

Regional Scope

 China

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China Plastic Caps Segmentation

End-user (Food & Beverage, Cosmetics, Personal Care, Pharmaceutical, Household)

The China plastic caps market is segmented and analyzed for demand and supply by end users into food & beverage, cosmetics and personal care, pharmaceutical, household, and others. Out of the five types of end user, the food & beverage segment is estimated to gain the largest market share of USD 10,059 million at the end of 2033 by growing at a CAGR of 7.2% over the projected time frame. Moreover, the segment generated a revenue of USD 4,708.7 million in 2022. The growth of the segment can be attributed to the increasing use of carbonated drinks and water bottles, for carbonated drinks mostly PET of polyethylene terephthalate is used for packaging. In China, the total estimated annual household packaging consumption of PET bottles in the food and beverage industry is around 75 tonnes and 5200 tonnes, respectively. In addition to this, the consumption of other plastic bottles was around 177 tonnes. Furthermore, with a per-person consumption of about 28 billion gallons of bottled water in 2020, China dominated the globe in bottled water consumption.

By Raw Material (HDPE, LDPE, PP, Others)

The China plastic caps market is also segmented and analyzed for demand and supply by raw material into HDPE, LDPE, PP, and Others. Amongst these four segments, the HDPE segment is expected to garner a market revenue of USD 6726.2 million at the end of 2033 by growing at a CAGR of 7% over the projected time frame. Additionally in 2021, the segment produced revenue of USD 3,207.2 million. As a base material for plastic caps, HDPE resin has various benefits, including food safety, chemical resistance, high flexibility, and sustainability. The segment growth is expected to be on the back of high demand for HDPE and rising imports in China.  Significantly more than any other nation or region, China was responsible for around 34% of the world's demand for HDPE in 2021 and China accounted for nearly 51% of net imports. In 2020, China imported about 3 million tonnes of HDPE and in the next year in 2021 around 6 million was imported.

Our in-depth analysis of the global market includes the following segments:

                        By Cap Type

  • Screw-on Caps
  • Dispensing Systems
  • Others

                       By Raw Material

  • HDPE
  • LDPE
  • PP
  • Others

                       By End User

  • Food & Beverage
  • Cosmetics and Personal Care
  • Pharmaceutical
  • Household
  • Others

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Companies Dominating the China Plastic Caps Landscape

top-features-companies
    • Hicap Closures Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Shantou Jinlei Plastic Industrial Co., Ltd.
    • Guangzhou Cheers Packing CO., LTD
    • Cangzhou Weikang Food & Pharmaceutical Package Co., Ltd.
    • Albéa (Albéa Suzhou)
    • Jinan Youlyy Industrial Co., Ltd.
    • Ningbo GreenYard Sprayers Co., Ltd.
    • Berry Global Inc.
    • BERICAP
    • Chenxin Packaging CO., Limited
    • Yulin Plastic Packing Factory 

In-the-news

In The News

  • BERICAP announced the acquisition of Mala Verschuluss-Systeme Gmbh, a leading producer of aluminum closures. With Mala on board, the acquisition will enable BERICAP to introduce the lids and caps with the combination of aluminum and plastic. Moreover, it enables BERICAP to maintain its growth trajectory and provides it the chance to expand into new market categories.

  • Albea launched a new EcoFusion Top, a step to sustainable packaging. In comparison to typical head+cap solutions, the EcoFusion two in one cop reduces the overall weight by 80%. EcoFusion Top is a first for the cosmetics industry and a significant step forward for Albéa's product portfolio.

Author Credits:  Sadaf Naaz, Mohd Shadab


  • Report ID: 4687
  • Published Date: Feb 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising production of plastic products, the launch of better plastic caps in the market, cheaper manufacturing cost, and rising use of plastic in packaging are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 6.8% over the forecast period, i.e., 2023-2033.

The availability of other raw materials, rising environmental concerns and, strict regulations against plastic usage are estimated to be the growth hindering factors for the market expansion.

The major players in the market are Hicap Closures Co., Ltd., Shantou Jinlei plastic industrial Co., Ltd., Guangzhou Cheers Packing CO., LTD, Cangzhou Weikang Food & Pharmaceutical Package Co., Ltd., Albéa (Albéa Suzhou), Jinan Youlyy Industrial Co., Ltd.Ningbo GreenYard Sprayers Co., Ltd., Berry Global Inc., BERICAP, Chenxin Packaging CO., Limited, and Yulin Plastic Packing Factory.

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 cap type, raw material, 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.
China Plastic Caps Market Report Scope
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