Analysis of the Current State and Outlook of the 2023 Packaging Market

The packaging industry is a service-oriented manufacturing industry closely related to the national economy and people's livelihood, and it holds a pivotal position in national economic development. In 2022, China had 9,860 packaging enterprises above the designated size, an increase of 1,029 over the previous year. Packaging enterprises above the designated size nationwide completed cumulative operating revenue of RMB 1,229.334 billion, with year-on-year growth of -0.70%, and the growth rate fell 15.69 percentage points from the same period last year.

The "China Packaging Industry Development Plan (2021–2025)" clearly states that during the 14th Five-Year Plan period, through implementing the "sustainable packaging strategy", the industry will achieve significantly enhanced safety and controllability, an optimised overall industrial structure, greatly improved independent innovation capability, wide application of advanced manufacturing models, accelerated building of a green development system and effective formation of global competitive advantages, with the packaging industry as a whole moving into the mid-to-high end of global industrial and value chains; China will rank among the world's packaging powerhouses and continue to provide new momentum for building a modern socialist country in all respects.

The packaging industry has considerable potential for pollution and carbon reduction. Relevant data show that China's annual consumption of packaging materials is about 30 million tonnes, and packaging waste accounts for 30%–40% of the volume of municipal solid waste. Therefore, downstream consumer goods companies should work with upstream packaging manufacturers to explore green packaging solutions, strive to build a full-lifecycle green development system for packaging covering materials, design and other links, and promote the high-quality development of the packaging industry.

Research report by the Zhongyan Puhua Industry Institute, "

In-depth Market Analysis and Development Strategy Research Report of the Packaging Industry, 2023–2028

The packaging industry is a trillion-yuan market, of which paper packaging, the largest sub-sector, has a market size of nearly RMB 330 billion. It is forecast that the potential market size of high-end packaging in fields such as consumer electronics, tobacco, alcohol, cosmetics and food/pharmaceuticals in China has already reached RMB 100 billion.

China's packaging industry has gone through a stage of rapid development and has now established a considerable production scale, becoming an important part of China's manufacturing sector. Although China's packaging industry is developing well overall and has become the world's second-largest packaging country after the United States, per capita packaging consumption still lags considerably behind major countries and regions worldwide, and each sub-sector of the packaging industry will continue to have broad market development space in the future. The "China Packaging Industry Development Plan (2021–2025)" issued by the China Packaging Federation shows that during the 14th Five-Year Plan period, China's packaging industry must achieve comprehensive upgrading goals in modernization, digitalization, safety, quality and green development, and drive China's packaging industry to transform from traditional manufacturing to advanced manufacturing.

In recent years, the state has set the goals of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060, and has issued the "Opinions of the CPC Central Committee and the State Council on Fully, Accurately and Comprehensively Applying the New Development Philosophy and Doing a Good Job in Carbon Peaking and Carbon Neutrality", the "Notice of the State Council on Issuing the Action Plan for Carbon Peaking Before 2030", the "Guiding Opinions on Accelerating the Establishment and Improvement of a Green, Low-Carbon and Circular Development Economic System", the "14th Five-Year Plan for Circular Economy Development", the "14th Five-Year National Cleaner Production Promotion Plan" and others. The introduction of these policies and regulations raises higher requirements and greater challenges for the green transformation of the packaging industry. During the 14th Five-Year Plan period, the growth rate of the packaging industry will be slightly higher than the average growth rate of the national economy. By the end of the 14th Five-Year Plan, annual output value will exceed RMB 3 trillion, accounting for around 2.5% of national GDP.

As the future largest packaging consumer market and producer of packaging products, China's packaging industry growth rate will be more than 2.5% higher than the global average, with broad development space. The packaging industry is still at a stage of rapid development; as more and more packaging materials are discovered and used, China's packaging materials will become more diverse. China's packaging industry will meet the needs of building a moderately prosperous society in all respects and build a new type of Chinese packaging industry with high technological content, good economic returns, low resource consumption, little environmental pollution and fully leveraged talent advantages. The arrival of the 5G era will further promote the development of the smart packaging industry.

Combining 5G with smart packaging, based on the Internet of Things where all things are interconnected, sensing devices and communication devices such as radio frequency identification, infrared sensing and global positioning are used to connect product packaging and indeed all things to the network and to carry out information exchange and communication connections, thereby achieving real-time intelligent identification, positioning, tracking and monitoring functions.

Relevant data show that by 2024, the value of the global packaging market is expected to grow from USD 917 billion in 2019 to USD 1.05 trillion.

China has become the world's largest packaging and printing consumer market and producer of packaging products.

"Green, low-carbon and eco-friendly" is an important goal for the future development of the packaging industry. As green packaging policies such as the "plastic restriction order" are gradually tightened, the cost of using plastic and glass packaging is rising, and related industries urgently need more eco-friendly packaging materials to replace the role played by plastic and glass packaging.

The packaging industry report gives a detailed and prudent predictive argument for the development trends of China's reagent industry. The report is well documented and rich in charts, offering both in-depth analysis and intuitive comparison, enabling reagent enterprises to spot opportunities amid fierce market competition and to adjust their business strategies accurately and promptly according to their own circumstances.

—This article is reprinted from China Packaging Network (pack.cn); original link: http://news.pack.cn/show-379427.html