The china flexible packaging market was valued at USD 39. 00 billion in 2020 and is expected to reach a value of USD 50. 40 billion by 2026, registering a CAGR of 4. 3%, over the forecast period 2021 - 2026.

The increasing demand from end-user industries such as food, pharmaceutical and medical, personal care, and household care, are expected to create a significant demand for flexible packaging products over the forecast period in the country.

- Despite the presence of a large base for packaging in the country, flexible packaging still recorded the strongest growth, and the fastest among all packaging types, driven by its low cost, and many product advantages.

- Moreover, the demand for frozen food in China is on the edge of further growth, owing to the rapid development of food outlets, along with reduced tariff barriers on frozen food imports by the government. The preference and influence of western foodservice in the country are increasing. This trend of expanding western restaurants and dishes is expected to raise the demand for seafood, such as sushi, platters, lobsters, and oysters.

- According to the National Bureau of Statistics of China, the operating revenue of frozen food manufacturers in China is expected to reach USD 11,992 million by 2020 from USD 11,608 million in 2018.

- With increasing Chinese consumers inclining toward products containing fish, meat, and vegetables, which are mainly retort-packed to keep them shelf-stable, is a factor driving the market. Moreover, readymade meals have also gained increased popularity among consumers in the country.

- Packaging companies also need to comply with the strict governmental laws and certification policies, which increases their operational difficulties as they need to meet the set standards, thereby hindering the market’s growth.