Guotai Junan has released a research report on the paper industry. According to statistics from the World Packaging Organization, the total size of the world packaging industry in 2002 was 417 billion U.S. dollars, and in 2009 it increased to 563.8 billion U.S. dollars, with an annual compound growth rate of 4.4%. The paper packaging market was US$ 152 billion in 2002, accounting for 36%, and the corrugated cartons were US$ 80 billion and the cardboard was US$ 42 billion in the subdivision. In 2009, the paper packaging market increased to US$ 216 billion, accounting for a slight increase to 38. %.
Over the past 30 years of reform and opening up, the total output value of China's packaging industry has continued to grow at an annual rate of more than 18%. In 42 major industries of China's national economy, the packaging industry jumped from 41st to 14th in the early 1980s. Among them, the annual average compound annual growth rate of paper packaging production from 2004 to 2007 reached 12%, and the rapid growth momentum will continue. It is expected that the increase in 2010 and 2015 will increase to 27 million tons and 36 million tons respectively.
From a global perspective, the packaging industry is shifting along with trade flows towards developing countries; and with the continued development of China’s economy, communications electronics, home appliances, daily chemical, pharmaceuticals, food and other industries have maintained a trend of rapid growth, coupled with the current China's corrugated paper packaging industry is still very low concentration, the highly concentrated downstream industry will inevitably promote the rapid concentration of the packaging industry, the rapid expansion of the size of the dominant companies in the industry is an inevitable trend.
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