Packaging Materials Market in China
Market Overview
In 
, the Chinese packaging materials market decreased by -% to $ for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, saw a resilient increase. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.
In value terms, packaging materials production declined to $ in estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2009 when the production volume increased by % against the previous year. Packaging materials production peaked at $ in , and then reduced in the following year.
, the Chinese packaging materials market decreased by -% to $ for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, saw a resilient increase. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.In value terms, packaging materials production declined to $
in estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2009 when the production volume increased by % against the previous year. Packaging materials production peaked at $ in , and then reduced in the following year.Consumption
After two years of growth, consumption of packaging materials decreased by -% to tonnes in . The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak volume of tonnes, and then contracted modestly in the following year.
The revenue of the packaging materials market in China declined to $ in , with a decrease of -% 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, consumption, however, continues to indicate a buoyant expansion. Packaging materials consumption peaked at $ in , and then reduced in the following year.
% to tonnes in . The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak volume of tonnes, and then contracted modestly in the following year.The revenue of the packaging materials market in China declined to $
in , with a decrease of -% 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, consumption, however, continues to indicate a buoyant expansion. Packaging materials consumption peaked at $ in , and then reduced in the following year.Consumption By Type
Paperboard case materials ( tonnes) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, paperboard case materials exceeded the figures recorded for the second-largest type, folding boxboard ( tonnes), fourfold. The third position in this ranking was occupied by wrapping paper, packaging paper and paperboard ( tonnes), with a % share.
From 2007 to, the average annual rate of growth in terms of the volume of consumption of paperboard case materials amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: folding boxboard (+% per year) and wrapping paper, packaging paper and paperboard (+% per year).
In value terms, paperboard case materials ($) led the market, alone. The second position in the ranking was occupied by folding boxboard ($). It was followed by wrapping paper, packaging paper and paperboard.
From 2007 to, the average annual rate of growth in terms of the market volume of paperboard 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 paper, packaging paper and paperboard (+% per year).
tonnes) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, paperboard case materials exceeded the figures recorded for the second-largest type, folding boxboard ( tonnes), fourfold. The third position in this ranking was occupied by wrapping paper, packaging paper and paperboard ( tonnes), with a % share.From 2007 to
, the average annual rate of growth in terms of the volume of consumption of paperboard case materials amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: folding boxboard (+% per year) and wrapping paper, packaging paper and paperboard (+% per year).In value terms, paperboard case materials ($
) led the market, alone. The second position in the ranking was occupied by folding boxboard ($). It was followed by wrapping paper, packaging paper and paperboard.From 2007 to
, the average annual rate of growth in terms of the market volume of paperboard 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 paper, packaging paper and paperboard (+% per year).Market Forecast
Driven by increasing demand for packaging materials in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, the share of imports in terms of total packaging materials consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China packaging materials market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the China packaging materials market is largely supplied by domestic manufacturers.Trade Balance
China remains a net importer of packaging materials; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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