Market Share of China Corrugated Packaging Industry
The China Corrugated Packaging Market is fragmented due to numerous local and global vendors in the market. To accelerate the development of corrugated packaging in China, market players are incorporating various strategies, such as vertical and horizontal integration and product expansions. Some of the prominent domestic vendors operating in the market are Shanying Paper Co. Limited, Hung Hing Printing Group Limited, Nine Dragons Paper Holdings Limited, Belpax, and Shanghai DE Printed Box, among others.
In November 2022, recycled packaging board producer, Nine Dragons, announced its plans to expand board production rapidly in 2023. The company plans to start 4.77 million tonnes of new capacity by 2023, along with launching virgin carton-board production.
China Corrugated Packaging Market Leaders
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Shanying Paper Co. Limited
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Hung Hing Printing Group Limited
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Nine Dragons Paper Holdings Limited
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Belpax
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Shanghai DE Printed Box
*Disclaimer: Major Players sorted in no particular order
