Market Size of China Paper Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 87.48 Billion |
Market Size (2029) | USD 108.36 Billion |
CAGR (2024 - 2029) | 4.37 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Paper Packaging Market Analysis
The China Paper Packaging Market size is estimated at USD 87.48 billion in 2024, and is expected to reach USD 108.36 billion by 2029, growing at a CAGR of 4.37% during the forecast period (2024-2029).
The Chinese pulp and paper industry is the largest in terms of production and demand in the world. Domestic industries like e-commerce, food delivery services, etc., would continue to grow, and so will the consumption of pulp and paper products. This presents significant market entry and investment opportunities across the country.
- Packaging paper makes up the largest share of paper products produced and consumed in China. The most common types of paper used for packaging are folding cartons and corrugated boxes. The growth of paper production is driven by the constant demand for paper packaging from the end-user industries across the country.
- The Chinese e-commerce industry has experienced rapid growth in the past few years. Innovations by e-commerce technologies drive entrepreneurship to benefit small and medium enterprises (SMEs). With the emergence of IT, e-commerce has become one of the most prominent business and economic trends in China in just a short period. The advantages of e-commerce include 24/7 availability, fast access, a greater variety of products and services, ease of access, and global reach. The requirement for different modes of packaging shows positive trends.
- The Chinese foodservice market is primarily driven by the rising frequency of dining out amid the time-pressed schedules of the young and working population and the increasing influence of Western dietary patterns with the presence of global companies, mainly in urban areas. The working population's accessibility to restaurants that offer quality food and services is also expected to drive the market. These factors have also led to the rapid growth of the fast-food sector in China, expanding more food chains in the quick-service sector, thus benefitting the overall market studied.
- One of the challenges encountered in the paper manufacturing industry is contamination. If paper is contaminated with other materials, such as food waste and plastic, it can make it difficult and costly to recycle and decrease the quality of the recycled product. This contamination can happen at any point in the recycling process, from collection to processing, resulting in additional costs for the industry.
- The COVID-19 pandemic has heightened consumer concerns regarding product hygiene, sustainability, and accessibility. These shifting needs underscore the importance of a consumer-centric approach. Consequently, the demand for paper packaging is poised to rise in the post-pandemic landscape. In August 2023 report from the China Internet Network Information Center (CNNIC) revealed that China ranks as the global second-largest e-commerce market. The number of online shoppers reached 884.1 million by June 2023, up from 533.32 million in 2017. Since early 2023, China's economy has gradually rebounded, with the E-commerce sector witnessing a resurgence.
China Paper Packaging Industry Segmentation
It is easier to recycle paper packaging materials than other packaging materials, such as metals and plastics. Hence, paper packaging is considered the most eco-friendly and economical form of packaging. Product types, such as folding cartons, corrugated boxes, and others, are considered under the scope.
The Chinese paper packaging market is segmented by product type (folding cartons, corrugated boxes, and other product types), by end-user industry (food, beverage, healthcare, personal care, household care, electrical products, and other end-user industries (agriculture, tobacco, chemical, etc.)). The report offers market forecasts and size in value (USD) for all the above segments.
By Product Type | |
Folding Cartons | |
Corrugated Boxes | |
Other Product Types |
By End-user Industry | |
Food | |
Beverage | |
Healthcare | |
Personal Care | |
Household Care | |
Electrical Products | |
Other End-user Industries |
China Paper Packaging Market Size Summary
The China paper packaging market is poised for significant growth, driven by the robust demand from various sectors such as e-commerce and food services. As the largest pulp and paper industry globally, China's market benefits from the expanding e-commerce sector, which has seen rapid advancements and increased consumer engagement. The rise in online shopping and the need for efficient packaging solutions to support this growth have led to a surge in demand for paper packaging products like corrugated boxes and folding cartons. Additionally, the foodservice industry, influenced by Western dietary trends and a busy urban population, is contributing to the increased consumption of paper packaging. This growth is further supported by the country's focus on sustainable and environmentally friendly packaging solutions, aligning with global trends and consumer preferences.
The market landscape is characterized by a high degree of fragmentation, with key players such as Nine Dragons Paper (Holdings) Limited and Rengo Co. Ltd actively expanding their operations and product offerings through strategic partnerships and acquisitions. Innovations in packaging technology and materials are also shaping the market, as seen with the introduction of new products like SIG's DomeMini carton bottle. The demand for paper packaging is expected to rise, fueled by the increasing consumer spending on personal care products and the growing export trade, which necessitates robust packaging solutions for international shipping. As China continues to strengthen its position as a global trading hub, the paper packaging market is set to experience sustained growth, offering lucrative opportunities for industry participants.
China Paper Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Impact of COVID-19 on the Market
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1.5 Paper Packaging Events and Exhibitions China
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1.6 China's Pulp and Paper Industry Opportunities for Foreign Investors
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Folding Cartons
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2.1.2 Corrugated Boxes
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2.1.3 Other Product Types
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2.2 By End-user Industry
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2.2.1 Food
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2.2.2 Beverage
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2.2.3 Healthcare
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2.2.4 Personal Care
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2.2.5 Household Care
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2.2.6 Electrical Products
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2.2.7 Other End-user Industries
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China Paper Packaging Market Size FAQs
How big is the China Paper Packaging Market?
The China Paper Packaging Market size is expected to reach USD 87.48 billion in 2024 and grow at a CAGR of 4.37% to reach USD 108.36 billion by 2029.
What is the current China Paper Packaging Market size?
In 2024, the China Paper Packaging Market size is expected to reach USD 87.48 billion.