The Development Status, Competitive Landscape and Trend Forecast of China's Plastic Packaging Industry in 2024

Plastic packaging refers to packaging materials made of plastic. Plastic is a class of materials made of synthetic or natural high molecular resin as the main material with various additives added which can be stretched under certain temperature and pressure and solidified in shape after cooling. Common materials include polyethylene (PE), polypropylene (PP), polyester (PET), nylon (PA), polyvinyl chloride (PVC), and polystyrene (PS). These materials have different characteristics, such as PE having excellent low-temperature resistance and chemical stability, and PP having transparent colors, good quality, and good flexibility.

The upstream of the plastic packaging industry chain mainly consists of raw material suppliers, including petrochemical, resin raw materials, plastic additives and production equipment. The middle stream of the plastic packaging industry chain is the plastic packaging manufacturing industry which is mainly responsible for processing the upstream raw materials into various plastic packaging products. These products include plastic films, plastic bottles, plastic bags and plastic boxes, and are widely used in food, pharmaceutical, daily chemical and electronic industries.

In recent years, China's economy has been stable overall and residents' consumption levels have gradually improved which is conducive to the growth of downstream demand for the plastic packaging industry in China. Due to its multiple functions, such as protecting goods, facilitating circulation, making consumption convenient, promoting sales and enhancing added value, packaging products are increasingly widely used in modern society and have become an indispensable part of goods circulation. In 2023, the market size of China's plastic packaging box and container industry is about 189.16 billion yuan, up 4.4% year-on-year.

The research team of Hua Jing Industrial Research Institute uses a combination of desktop research and quantitative surveys, qualitative analysis, to provide a comprehensive and objective analysis of the overall market size, supply chain, business characteristics, profitability and business model of the plastic packaging industry. The team uses scientific research models and methods such as the SCP model, SWOT, PEST, regression analysis and the SPACE matrix to comprehensively analyze the market environment, industrial policies, competitive landscape, technological innovation, market risks, industry barriers, opportunities and challenges related to the plastic packaging industry. Based on the development trajectory of the plastic packaging industry and practical experience, the team carefully studies and prepares the "Research on the Market Survey and Investment Prospects of China's Plastic Packaging Industry from 2024 to 2030" which provides important reference for enterprises, research institutions and investment institutions to make investment decisions, strategic planning, and industrial research.