China fresh food packaging market is expected to grow at a CAGR of 4.57% over the forecast period. The fresh food packaging market is growing in China due to an increase in demand for fresh and healthier food. The fresh food packaging market in China is being majorly driven by the increase in advancement in packaging technology. The new packaging technology is improving the quality and increasing the shelf life of fresh produce. The fresh food market in China is also growing due to the industrialization in the country, the growing demand due to increasing disposable income and change in lifestyle is constructively attributing to the growth of the fresh food packaging market. The companies are heavily investing in research and development in formulating new packaging technologies for expanding their product base. The growing development and improving education in the country are making the consumer aware of health concerns and making people opt for healthy eating habits. People are more focusing on consuming fresh food for maintaining health and this is further increasing the market for fresh food packaging. The increasing export of raw materials in the country to further increase the demand for fresh food packaging for providing safety and protection to the enclosed fresh food. The market is witnessing a restrain in growth due to the rising cost of raw material and strict government regulations. China's National Center for Food Safety Risk Assessment (CFSA) has specifically made it a compulsion for manufacturers to obey rules and regulation otherwise strict actions will be taken against the manufacturers. This, on the positive side, is giving rise to innovative and better packaging of fresh food items. This has increased the production of more convenient and attractive packaging.
The China Fresh Food Packaging market has been segmented on the basis of the material and application. By material, the market has been segmented as plastic, paper and board, glass, and metal. By application, the China fresh food packaging market has been classified into poultry and meat products, dairy products, produce (vegetables and fruits), seafood, and others. By material, plastic holds a significant market share. However, with growing concerns over environmental sustainability, strict government rules and regulations over the banning of plastic is boosting the demand for biodegradable materials for packaging such as paper and board and glass. By application, poultry and meat products accounted for a significant market share in 2019 owing to the rising consumption of these fresh food products along with the rise in the export of fresh and frozen chicken across the globe.
Prominent key market players in the China fresh food packaging market include Mondi, Amcor PLC, and Hangzhou Zhongsu Packaging Materials Co., Ltd among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the China fresh food packaging market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Hangzhou Zhongsu Packaging Materials Co.,Ltd
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