Opportunities And Challenges Coexist In Plastic Packaging Industry

- Aug 08, 2019-

Opportunities and Challenges Coexist in Plastic Packaging Industry

China is a big country in packaging production and consumption. According to materials, packaging products can be divided into paper packaging, plastic packaging, glass packaging, metal packaging and other packaging. Among them, plastic packaging has the advantages of light weight, good blocking property, strong chemical resistance, impermeability, impermeability, good plasticity, etc. It is the second largest packaging product after paper packaging. It is widely used in food, beverage, daily necessities, textiles, bulk chemicals and other fields, and the market demand continues to grow.

According to the Report on in-depth market research and investment strategy recommendations for the plastic packaging industry from 2019 to 2023, China's plastic packaging accounts for about 30% of the total output value of the packaging industry. From 2012 to 2016, China's plastic packaging industry's main business income grew at a compound annual rate of 7.9%. In 2017, the main business income of the plastic packaging industry was 189.26 billion yuan, up 6.8% year on year. The total profit of the industry was 12.33 billion yuan, up 7.0% year on year. Driven by market demand, China's plastic packaging industry has been in a stable growth state. China's plastic packaging industry started in the 1970s. During the 1980s and 1990s, the industry grew rapidly, and the quality and function of products were continuously improved. Since the 1990s, foreign-funded enterprises have successively entered the domestic market layout. The scale of the plastic packaging industry has continuously expanded, product categories have been continuously improved, and market demand has continued to grow. At the present stage, China's plastic packaging industry has developed into an industry with relatively complete categories, which can meet the needs of the domestic market, and at the same time, the international market is increasingly competitive.

China's plastic packaging products are mainly plastic films/bags, plastic packing boxes and plastic containers. The raw materials required for production mainly include polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polyvinylidene chloride (PVDC), etc. With the wide application of plastic packaging, the market demand for high-tech products is increasing. With the rapid development of the logistics market, the market demand for lightweight plastic packaging is also increasing. The demand for plastic packaging market is increasingly high-end and diversified, and China's plastic packaging industry is facing new development opportunities.

Industry analysts said that China's plastic packaging market is in huge demand, but plastic packaging is difficult to degrade after being discarded, which will cause great harm to soil and water. Recycled plastic packaging is usually incinerated and will pollute the atmosphere. With China's increasingly stringent environmental protection policies, the development of plastic packaging industry is also facing severe challenges. It is an inevitable trend to develop and introduce environmentally friendly plastic packaging. Degradable plastic packaging materials such as photodegradable plastic, biodegradable plastic and water-soluble plastic have become hot spots in the research and development of plastic packaging industry.

On the whole, China's plastic packaging industry is facing severe challenges while welcoming new development opportunities.

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