Packaging materials and packaging market development

Recently, Asia's largest packaging industry center settled in Wenzhou, Zhejiang, which attracted the attention of the packaging industry. Industry insiders predict that with the development of economy and the improvement of people's living standards, the packaging of goods will become more and more important. The “cake” in the packaging market is also constantly expanding. In 1998, the total volume of the world's packaging was nearly $551.2 billion.

In the same year, the packaging consumption in the United States and Japan was US$137.8 billion and US$77.17 billion respectively; the per capita packaging consumption amounted to US$463 and US$617 respectively. During the same period, China’s per capita packaging consumption was only RMB150, which was less than US$20. 4% and 2% of the day. The development potential of China's packaging market shows that foreign companies are also very optimistic about the Chinese market. Up to now, China has become Japan's largest export market for packaging machinery and the sixth largest export market for US packaging machinery.

At the same time, experts also pointed out: As people's awareness of environmental protection has increased, the recycling and utilization of packaging waste has attracted widespread attention, and green packaging will be imperative.