Market Status And Trends In The Packaging Plastic Industry

In the national economy, the packaging plastic industry plays an important role. It is not only widely used in chemical, food, pharmaceutical and other fields, but also deeply involved in various fields such as information, energy, industry, agriculture, transportation, space and ocean development.

The packaging plastic industry is a plastic product manufacturing industry that uses polymer resins as the main material, adds plasticizers, foaming agents, stabilizers and other additives, and processes them through vacuum forming, injection molding, blow molding, extrusion and other molding processes to produce plastic products with functions such as packaging, storage, protection, buffering, and isolation. This industry covers a variety of product forms such as plastic packaging film, plastic woven goods, packaging boxes and containers, foamed plastics and packaging sheets.

According to data from the China Packaging Federation, in 2023, plastic film, paper, and cardboard container packaging accounted for the largest proportion of operating revenue in various fields of China's packaging industry, accounting for 56.02% of the packaging industry. In addition, plastic packaging boxes and containers manufacturing, metal packaging, etc. also occupy a certain share.

The market competition in the packaging plastic industry is fierce, and domestic and foreign enterprises have increased their research and development investment and market expansion efforts. Enhancing competitiveness through technological innovation and brand building has become an industry consensus. In market competition, some leading enterprises with technological advantages and brand influence are gradually emerging. These enterprises consolidate their market position and lead the direction of industry development by integrating resources, expanding scale, and other means.

The country has continuously introduced multiple environmental policies, including the "plastic limit order", aimed at promoting the concept of green packaging. At the same time, in response to the national call, packaging companies are actively transforming towards intelligent production and committed to green and low-carbon production methods to reduce pollution. In order to cope with environmental pressure and market demand, the packaging plastic industry is constantly developing new materials, such as biodegradable plastics, recyclable plastics, etc. These new materials reduce environmental pollution while maintaining the properties of traditional plastics.

From the perspective of market development trends, the traditional packaging industry is entering a stable stage of development. According to the latest data from China Packaging Federation, the overall growth rate of the industry has remained stable in the range of 1% to 3% over the past three years. It is worth noting that in the segmented field of packaging materials, the performance of high-end plastic film is particularly impressive, with a compound growth rate of up to 12%.