China’s Paper and Paperboard Packaging Market Keeps Expanding: RMB 5.2 Trillion in 2021, Projected RMB 6.5 Trillion by 2025
According to the 2023-2029 China Paper and Paperboard Packaging Materials Development and Innovation Model and Key Enterprise Research Report released by Market Research Online Network, China’s paper and paperboard packaging sector has maintained a clear expansion path. Its market size stood at RMB 3.7 trillion in 2017, climbed to RMB 4.3 trillion in 2018, RMB 4.6 trillion in 2019, RMB 4.9 trillion in 2020, and RMB 5.2 trillion in 2021.
Sustained economic growth in China has continued to lift demand for paper and paperboard packaging, creating momentum for the industry. At the same time, rising environmental awareness is encouraging more companies to choose renewable paper and paperboard packaging materials to reduce environmental pollution, a shift that also supports the sector’s development.
Government policy is another key driver. Authorities are designing and rolling out measures to advance the paper and paperboard packaging industry, such as backing corporate investment in R&D for new paper and paperboard packaging products, offering preferential treatment including tax reductions and subsidies, and encouraging companies to adopt advanced paper and paperboard packaging technologies and develop new packaging products.
Looking ahead, China’s paper and paperboard packaging market is expected to keep growing, with projections pointing to RMB 6.5 trillion by 2025. Technological progress is also likely to raise demand for paper and paperboard packaging products, which would benefit the industry. In parallel, the government is expected to continue implementing supportive policies to generate stronger economic and social returns.
Source: China Packaging Network (pack.cn); original article: http://news.pack.cn/show-379438.html
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