Blow Molded Bottles China Market Trends
Category Intelligence on Blow Molded Bottles China covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
Industry Outlook & Drivers
Regional Market Outlook on Blow Molded Bottles
The China blow molded bottle market contributes to around 16 percent of the global market and is expected to grow and reach around 20 percent in the next five years, driven by strong demand growth from multiple end-use segments, like beverages, personal care.
Personal care and household packaging segment is expected to growth at the rate of about 7–8 percent CAGR, owing to factors, like increasing urbanization and shifting preferences. Growth of liquid detergents by replacing powder detergents in China is a significant driver in household plastic bottles segment
China blow molded bottle market contributes to around 16 percent of the global market and is expected to grow and reach around 20 percent in the next five years, driven by strong demand growth from multiple end-use segments, like beverages, personal care
- The China blow molded plastic bottle market is growing at a CAGR of 9–10 percent (2016–2021). Beverages is the major end-use segment for plastic bottles, majorly driven by soft drinks that constitute about 71 percent of market share
- Personal care and household packaging segment is expected a growth rate of about 7–8 percent CAGR, owing to factors, like increasing urbanization and shifting preferences. Growth of liquid detergents by replacing powder detergents in China is a significant driver in the household plastic bottles segment
- HDPE is the predominant packaging material in personal care and household industries contributing to around 65–70 percent in China. HDPE would continue to lead the market. However, there is a noticeable penetration of PET in personal care products, like shampoo and conditioners
