BEIJING (Dec. 29, 11 a.m. ET) — The growth rate for plastic beverage containers in China will slow between 2010-2015, but will still average 10.2 percent annually, according to a new research report.
The report from Freedonia Group Inc. looks at the growth rate for all beverage containers. It notes that plastic will continue to account for the largest share of total sales, reaching nearly 223 billion units in 2015.
Annual growth will slow from the 15 percent rate the market has experienced between 2005-2010. Growth will be driven in part by inroads from single-serve beverages.
Paperboard will continue to experience faster growth than plastics, according to “Beverage Containers in China.” Paperboard containers have posted annual growth of 16 percent between 2005-2010, and the rate will average 11.1 percent annually between 2010 and 2015.
The 266-page report, from the Beijing office of Cleveland-based Freedonia, costs $5,400.