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Current situation and characteristics of China’s packaging industry

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China’s packaging industry has experienced a stage of rapid development. Now it has established a considerable production scale and has become an important part in China’s manufacturing field. At present, China has also become the world’s largest packaging market with the fastest global development, the largest scale and the most potential. With the transfer of the center of the world’s processing and manufacturing industry to China, the development process of China’s packaging industry presents the following characteristics:

(I) low industrial technical barriers, small specific differences between products and sufficient market competition. China’s packaging industry is completely liberalized and belongs to the industry encouraged by the government for investment. There are few restrictive measures and it is easier for funds to enter and exit. The market competition is fierce, the scale of enterprises varies greatly, and the industry concentration is very low

(2) packaging enterprises are mainly concentrated in large and medium-sized cities and economically developed eastern coastal areas; Multinational companies set up factories in developed regions, and then gradually extend to the mainland. The development of the packaging industry in a region is directly related to the economic development of the region, because the packaging industry serves other manufacturing industries and is largely dependent on the development of other industries

(III) few technicians and insufficient innovation ability. Packaging enterprises need to increase early investment in technological transformation, encourage innovation, integrate multi-party funds, expand production scale, improve production concentration, and carry out technological transformation necessary for circular production and cleaner production, so as to meet the needs of macro-control of the national scientific outlook on development and improve market competitiveness, which should be the top priority of China’s packaging industry

(IV) the main means of competition is price competition, and the competition between brands is not obvious. Due to the small quality difference of packaging products, with the improvement of packaging market segmentation, the focus of market competition is brand competition, which is carried out in the form of price war, but there is a lack of leading brand with absolute advantage

the number of industrial enterprises increased significantly

from 2015 to 2020, the number of Enterprises above Designated Size in China’s packaging industry (all industrial legal person enterprises with an annual main business income of 20 million yuan or more) showed a steady upward trend. This reflects the gradual increase of industry entrants, increasing market competition and profits. According to the statistics of China Packaging Federation, there were 8183 Enterprises above Designated Size in China’s packaging industry in 2020, an increase of 267 enterprises over 2019

operating income decreased slightly

the scale of China’s packaging industry maintained a growth trend from 2015 to 2019, but the growth rate decreased until there was a negative growth in the scale of the industry in 2020. In 2020, the sales revenue of Enterprises above Designated Size in the national packaging industry reached 1006.458 billion yuan, a year-on-year decrease of 1.17 percentage points

among them, the cumulative main business income from the manufacturing of paper and paperboard containers was 288.474 billion yuan, a year-on-year decrease of 2.53%; The accumulated main business income of plastic film manufacturing was 275.435 billion yuan, a year-on-year decrease of 0.55%; The manufacturing of plastic packaging boxes and containers completed, with a cumulative main business income of 158.462 billion yuan, a year-on-year decrease of 2.49%; The manufacturing of metal packaging containers and materials completed, with a cumulative main business income of 108.326 billion yuan, a year-on-year decrease of 7.84%; The manufacturing of special equipment for packaging and processing completed, with a cumulative main business income of 81.056 billion yuan, a year-on-year increase of 21.05%; The cumulative main business income of glass packaging container manufacturing was 57.679 billion yuan, a year-on-year decrease of 1.8%; The manufacturing of cork products and other wood products completed, with a cumulative main business income of 37.025 billion yuan, a year-on-year decrease of 6.71%

— for more data, please refer to the analysis report on market prospect and investment strategic planning of China’s packaging industry

small scale and poor competitiveness
the development level of the industry is low

there are few large enterprises

there are fewer listed companies,

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