Analysis of the Current State and Investment Prospects of the Paper Products Packaging Industry Worldwide and in China in 2023
- The four major modern packaging materials are paper, plastic, metal and glass, with paper products packaging being the fastest-growing market and offering easy recycling and degradability, gradually becoming a major component of the modern packaging industry.
- Paper products packaging refers to paper and paperboard containers such as paper bags, paper cups, folding cartons and cartons made from paper and paperboard through processes including printing and forming, and can be divided into packaging paper and paperboard.
- The paper products packaging value chain has upstream raw material supply including papermaking, inks and auxiliary materials, midstream production of cartons, folding cartons and labels, and downstream applications in food, beverages and pharmaceuticals.
- By the end of 2021, total patent applications in the global paper products packaging industry exceeded 5,000, with China accounting for about 80%, the United States 6% and the United Kingdom 3%, and the sector's patent technology is on an upward trend.
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The four major modern packaging materials are currently paper, plastic, metal and glass. Among them, the paper products packaging market is growing fastest and has a wide range of applications in daily life; it also offers advantages such as being easy to recycle and degrade, and has gradually become a major component of the modern packaging industry. Aligned with the global carbon neutrality goal, the paper products packaging industry has broad development prospects.
I. Overview of the Paper Products Packaging Industry
- Industry definition
Paper products packaging refers to the collective term for paper and paperboard containers such as paper bags, paper cups, folding cartons and cartons made from paper and paperboard as raw materials through processes such as printing and forming. Paper products packaging can be divided into two main categories: packaging paper and paperboard.
The upstream of the paper products packaging industry chain is the supply of raw materials such as papermaking, inks and other auxiliary materials; the midstream is the production and manufacturing of cartons, folding cartons, labels and other paper products; and the downstream is applied in industries such as food, beverages and pharmaceuticals.
II. Analysis of the Current State of the Global Paper Products Packaging Industry
- Patented technology
As the market penetration of paper products packaging rises, the industrial structure is also undergoing continuous adjustment, and the patent technology landscape in the paper products packaging industry continues to improve. According to industry analysis data compiled by Beijing Yanjing Bizhi Information Consulting Co., Ltd., by the end of 2021 the total number of patent applications in the global paper products packaging industry had reached more than 5,000, with China as the largest source of technology, accounting for around 80% of global patent applications in paper products packaging; the United States and the United Kingdom followed, accounting for 6% and 3% respectively. On the whole, patent technology in the global paper products packaging industry is in an upward phase.
- Market output
In the modern packaging industry, paper products packaging is the most widely used packaging material, and overall output continues to rise. According to public data, by the end of 2021 global paper products packaging output reached 320 million tonnes, up 10.2% year on year; in 2022 total global output rose further to 360 million tonnes, up 12.5% from the same period in 2021. As the global carbon neutrality goal continues to advance and sustainability gradually becomes the development direction of most industries, paper products packaging can meet the market's demand for high recyclability and reduce environmental pollution to a certain extent. It is therefore predicted that global paper products packaging will become a mainstream development trend in the packaging industry, with output achieving steady growth.
- Market consumption
In recent years, global consumption of paper products packaging has shown an overall growth trend. According to data from industry research institutions, by the end of 2021 total global market consumption of paper products packaging was 270 million tonnes, up 16.6% from the same period in 2020; in 2022 total global market consumption exceeded 300 million tonnes for the first time, reaching 310 million tonnes, up 14.8% year on year.
- Market size
Paper products have now gradually become one of the most commonly used packaging materials. An analysis report published by Beijing Yanjing Bizhi Information Consulting Co., Ltd. shows that in 2021 the global paper products packaging industry market size reached US$225 billion, up 9.2% year on year; by the end of 2022 total global market size had increased to more than US$241.5 billion, up 7.3% year on year, and is expected to maintain an average annual growth rate of 5.3%, with the global paper products packaging market size set to exceed US$280 billion in 2025.
— This article is reprinted from the China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-379443.html
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