China Caps and Closure Market Research Report, 2029

China is among the largest consumers of plastics globally. The abundant availability of raw materials and low cost of production has been supporting the production growth of the engineering plastics, such as PET, in the country for the past few years. The outbreak of COVID-19 has significantly impacted China's food supply chains and demand. Additionally, it has changed how consumers behave across multiple aspects, from shopping for groceries to traveling to purchasing luxury goods. The shift towards online grocery shopping is expected to sustain during the post-COVID period, which will likely drive the market's growth during the forecast period. Consumers in first- and second-tier cities in China rely on online retailers to buy cosmetics, boosting e-commerce sales. While more basic everyday amenities like soap or shower gel are most frequently purchased at supermarkets and grocery shops. The bulk of beauty goods is sold in specialist cosmetics chain stores, hypermarkets, supermarkets, and department stores offline. All this is expected to bolster the growth of the plastic caps and closures market in China. The country is home to some of the biggest e-commerce companies. For instance, according to ITA, Alibaba's Taobao and Tmall, and JD.com are the domestic platforms that dominate China's e-commerce market. Other platforms include Suning, Gome, Vipshop, Yihaodian, Dangdang, Mogujie, and JuMei. In May 2022, Carlyle plans to acquire China-based cosmetic packaging company HCP. HCP works with more than 250 leading cosmetics, skincare, and fragrance brands, including Estée Lauder, L'Oréal, and Shiseido. Carlyle will work with HCP through strategic acquisitions to strengthen the company's research and development (R&D) capabilities. In August 2021, after successfully launching its QR code closure solution in China, Nestle launched the products. These closures include QR codes that can be easily scanned and serve as a reward point to be redeemed online via the Vietnamese messaging app Zalo. According to the research report "China Caps and Closures Market Research Report, 2029," published by Actual Market Research, the China caps and closures market is anticipated to grow at more than 5% CAGR from 2024 to 2029. The packaging industry is experiencing a surge due to the rising demand for a diverse range of food products, as well as alcoholic and non-alcoholic beverages. Caps and closures play a crucial role by serving as barriers that protect packaged contents from exposure to ambient air and contaminants while facilitating easy dispensing. These packaging solutions are extensively used in various other industries including healthcare, personal care, home care, and automotive. The Chinese plastic caps and closures market depends on innovative packaging solutions and the increasing disposable income of consumers in the region. Technological advancements in plastic packaging have brought about innovations in the industry. With many companies making significant investments in R&D to develop unique and cost-effective products, innovations in this market are on the rise. The growing disposable income is increasingly considering environmental aspects of the packaging products for the selection of bottled water packaging materials. PET is increasingly being chosen instead of PVC because of its properties, such as lightweight, workability, and transparency. The high demand for bottled water and packaged beverages is driving the market for caps and closures in the beverage industry. Consumers are increasingly concerned about environmental impact, driving the demand for sustainable packaging solutions. This implies a rise in the use of bioplastics and recycled materials in caps and closures, which offer a more sustainable alternative to traditional plastics, potentially reducing reliance on fossil fuels and greenhouse gas emissions.

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The plastic segment dominates the current market due to several factors. Plastic has various advantages like durability, lightweight, cost-effective, and variability in terms of design and functionality. They can be molded into any shape and size desired, which makes them perfect to be used in different forms for caps and closures. Besides, new plastic manufacturing technologies brought high performance plastics to the market that support very high temperature, chemical and mechanical loads, making them even more attractive. Other major drivers in this sector come from the food and beverage industries that form a significant part of China's economy and demand flexible and convenient packaging solutions. The caps and closures market of China is also showing a steady growth in the metals segment. Metals, mainly aluminum and steel, find application due to their strength, durability, and the fact that they provide an excellent seal. Metal caps and closures find applications in product integrity and tamper evidence. Growing demand for green and recyclable packaging solutions also bolsters Metals segment growth. Metal caps and closures are easily recyclable, thus complying with the growing consciousness of the environment among consumers and manufacturers in China. Glass has a value in terms of aesthetics and helps to maintain the quality of the content, thus becoming popular choice for premium product packaging specially in spirits and high end cosmetics markets. Naturally, wood finds uses in specialty areas such as traditional medicines and luxury goods because of its natural and eco-friendly features. Rubber & Elastomers use is necessitated by the requirement for flexibility and sealing property, mainly in applications requiring airtight closures as in the pharmaceutical industry. Food and beverages are now ruling the market in light of safe, convenient, and innovative packaging solutions in demand. This segment includes a lot of products ranging from bottled water and carbonated drinks to sauces, condiments, and ready-to-eat meals—all needing caps and closures of particular types. This segment is primarily driven by factors such as an increase in packaged food consumption, the rising trend for on-the-go eating habits, and consumer demand for green and user-friendly packaging. A growing middle class with increasing disposable incomes prefers convenient, high-quality food products, so this segment contributes greatly to the growth. In China's caps and closures market, cosmetics and toiletries have actually posted strong growth. This may be connected to the ever-growing interest consumers have in personal care and beauty products, and how this demands differentiated and innovative solutions with respect to packaging. This segment often implies esthetics in designs and functionality, such as dispensers for lotions and sprays. On the other hand, it is also being driven by the rising trend of e-commerce and social media on consumer buying decisions, whereby brands are stepping up investments in differential and attractive packaging to make their products stand out from the competition. Another key end-user industry in the market for caps and closures is Pharmaceutical & Healthcare. Advanced, safe, and tamper-evident medication and healthcare product packaging solutions are therefore required. Caps and closures have an important role in the Chemical industry because of the safe handling and storing of different types of chemicals without leakage and contamination. Such closures are required in the automotive industry to be strong and sustainable for a product line belonging to motor oils, coolants, and other car liquids. Screw Closures dominates the market because it represents wide application across industries. It values ease of use, resealability, and wide compatibility with containers and products alike. The segment is driven by growing demand for convenient and user-friendly packaging solutions, and versatility of screw closures to accommodate differing materials and sizes. In the China caps and closures market, the Easy-Open Can Ends segment has been moving at a steady growth pace. This type of closure, featuring pull tabs and stay-on-tab ends, is majorly applied in the beverage and food industries for canned products. Major drivers of this segment are growth in demand for on-the-go convenient packaging, coupled with ever-increasing consumption of canned beverages and foods. It's in this respect that easy-open can ends can help make a difference by offering hassle-free access to the contents for the consumer. Metal Lug Closures are primarily used in closing glass jars and bottles, mostly in the food and beverage industries, for products like jams, pickles, and sauces. These closures provide a tight seal but are very easy to open and close. The need for effective and tamper-evident packaging solutions is very significant in the food industry, where the integrity of the product counts the most. Dispensing caps are specially designed closures that control the flow of liquids and semi-liquids. These broad applications for lotions, shampoos, medicinal products, and other product compositions are mainly employed in the cosmetics, personal care, and pharmaceutical industries. This segment will grow with the rise in demand for dispensing solutions with higher accuracy and convenience, and also due to innovative user-friendly designs in packaging.

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Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Caps and Closure market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Raw Material • Plastic • Metals • Others (Glass, wood, Rubber & Elastomers and paperboads)

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By End user Industries • Food & beverages • Cosmetics and Toiletries • Pharmaceutical & health care • Others (chemical and automotive) By Types • Screw Closures • Easy-Open Can End • Metal Lug Closures • Dispensing Caps • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Caps and Closure industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.