The plastic packaging industry is a global and continuously growing industry. With the recovery of the world economy and the rapid development of modern commerce and logistics industries, the packaging industry has rapidly risen globally since the mid-twentieth century. Due to the multiple functions of protecting commodities, facilitating circulation, facilitating consumption, promoting sales, and increasing added value, packaging products have become more and more widely used in modern society and have become an indispensable part of commodity circulation.
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1. Definition of plastic packaging industry
Plastic packaging refers to packaging products with plastic packaging materials. Plastics are mainly made of synthetic or natural polymer resins. After adding various additives, it has ductility under certain temperature and pressure, and can fix its shape after cooling.
2. Relevant policies for the plastic packaging industry
With the significant achievements of China’s economy and the rapid development of modern commerce and logistics industries, the plastic packaging industry has rapidly risen in China since the mid-twentieth century. In this regard, my country has also issued relevant policies to regulate the development of the industry.
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3. The current market situation of the plastic packaging industry
China is the world’s largest packaging manufacturing and consumer country. Plastic packaging accounts for more than 30% of the total output value of the packaging industry. It plays an irreplaceable role in various fields of food, beverages, daily necessities, and industrial and agricultural production. In recent years, my country’s plastic packaging industry has been in a trend of steady growth, ranking second only to paper packaging in the proportion of packaging product structure.
In 2019, there were 7,916 enterprises above designated size in my country’s packaging industry (all industrial corporations with annual main business income of 20 million yuan and above), and the number of enterprises increased by 86 last year.
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4. The size of the plastic packaging market
According to data, the size of China’s plastic packaging market in 2017 was 49.64 billion U.S. dollars, and the compound annual growth rate is expected to be 4.4% by 2025. In 2020, the national plastic packaging market is expected to be 56.4 billion U.S. dollars.
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5. Prospect analysis of the plastic packaging industry
As my country’s national economy continues to grow steadily and the income level of residents is increasing day by day, the expansion of my country’s residents’ consumption scale and consumption upgrade will be a long-term trend. Benefiting from the good domestic economic environment, the market space of my country’s plastic packaging box and container manufacturing industry will continue to expand steadily in the future.
(1) National income continues to grow
In the past ten years, China has been one of the fastest growing economies in the world and has maintained a relatively high growth rate for a long period of time. The continuous improvement of national income level has provided sufficient growth momentum for the fast-moving consumer goods market such as food and beverage, which in turn will drive the continuous growth of downstream market demand.
On the other hand, the Chinese government has vigorously promoted the transformation of the economic structure, turning the Chinese economy into a high-quality growth path. As an important part of the national economy, the plastic packaging box and container manufacturing industry will benefit from the sustained and stable growth of the macro economy, with huge development potential.
(2) The development of major downstream industries is stable
The vigorous development of the beverage industry, including the packaging and drinking water industry, has provided important impetus and basic guarantee for the plastic packaging industry. At present, the per capita consumption of bottled water in China still has a large gap with other developed countries in the world. With the orderly advancement of the country’s urbanization development and the continuous improvement of people’s living standards, the domestic beverage market has great potential for development. Bottled water will gradually replace high-sugar and high-calorie beverages as the mainstream. The continuous development of the beverage industry determines that the market capacity of the beverage packaging industry will continue to grow in the current period and a longer period in the future. With the adjustment of the beverage industry’s product structure and the continuous introduction of new products, beverage packaging will also show more variety Development pattern and broader development prospects
(3) The industry is supported by national industrial policies
The rapid and healthy development of China’s packaging industry and packaging production are playing an increasingly important role in promoting the construction of the national economy and improving the material and cultural life of the people. In recent years, the Chinese government has formulated a series of industrial policies to support and promote the development of the plastic packaging industry in the direction of high performance, high quality and environmental protection.
Post time: May-24-2021