Analysis of plastic packaging industry

Industry status
The market size is large and stable growth: in recent years, with the increasing consumer demand, the market size of plastic packaging materials is also continuing to expand. From 2017 to 2019, the total sales of China's plastic packaging materials industry increased from 76.53 billion yuan to 90.25 billion yuan, an increase of 18.2% year-on-year. In 2023, the market size of China's plastic packaging boxes and containers industry is about 189.16 billion yuan, an increase of 4.4%.
Important changes have taken place in the structure of the industry: the use of new materials such as polyethylene and polypropylene is becoming more common, and the market share of high-end plastic packaging materials is also increasing.
Continuous progress in technology: new materials, new processes and new equipment continue to emerge and apply, prompting the rapid development of the plastic packaging industry, such as smart packaging, nano packaging and other new technologies began to emerge.
Complete industrial chain: The upstream of the plastic packaging industry chain includes petrochemical, resin raw materials, plastic auxiliaries, production equipment and other raw material suppliers; The midstream is the plastic packaging manufacturing industry, responsible for processing raw materials into various plastic packaging products, such as plastic films, plastic bottles, plastic bags, plastic boxes, etc. Downstream is widely used in food, medicine, daily chemical, electronics and other fields.
The competitive pattern is clear: the competition in China's plastic packaging materials industry is fierce, and new enterprises continue to pour in. At the same time, the industry is dominated by several large companies, which, with their strong market share and technological advantages, dominate the industry.