Packaging Materials Market Overview in China
In value terms, packaging materials production contracted to $ in 2019 estimated in export prices. Overall, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Over the period under review, production attained the peak level at $ in 2018, and then declined slightly in the following year.
The size of the packaging materials market in China declined modestly to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, the market reached the maximum level at $ in 2018, and then contracted slightly in the following year.
From 2007 to 2019, the average annual rate of growth in terms of the volume of consumption of case materials stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: folding boxboard (+% per year) and wrapping papers (+% per year).
In value terms, case materials ($) led the market, alone. The second position in the ranking was occupied by wrapping papers ($). It was followed by folding boxboard.
From 2007 to 2019, the average annual growth rate of the market volume of case materials amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: wrapping papers (+% per year) and folding boxboard (+% per year).