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The Packaging Equipment Industry Is Developing Rapidly. The Level Of Specialization Is Constantly Improving
Dec 12, 2018

China's packaging equipment started late. In 1980, the industrial system was not formed. After the reform and opening up, the society's demand for packaging machinery continued to increase. Together with the government's attention and support, China's packaging machinery has developed rapidly, with an average annual growth rate of more than 30%. After entering the 1990s, it still grew at a rate of more than 20%. After more than 20 years of development, China's packaging machinery has become one of the top ten industries in the machinery industry.

Industry operating efficiency tends to improve

As packaging has evolved into a marketing tool and consumer demand for packaging convenience and product information continues to increase, the packaging machinery market has also made great strides. In 2010-2017, the main business income of China's packaging special equipment showed a growing trend, but the growth rate fluctuated greatly. In 2017, the main business income of China's packaging special equipment was 32.51 billion, an increase of 4.89%.

In the same way as the main business income of packaging equipment above the scale, in recent years, the total profit of packaging equipment in China has also shown instability, but overall it tends to develop positively, from 1.321 billion in 2010 to 1.793 billion in 2017, a total increase. 472 million.

With the vigorous development of the packaging market demand, driven by factors such as the enhancement of technology level and the gradual emergence of import substitution effects, China's packaging machinery industry has also ushered in a good development period. In 2014-2017, the output of packaging equipment in China was relatively stable, and it was maintained at around 10 units. By July 2018, the output of packaging equipment in China reached 51,515 units, down 6.8% year-on-year.