1. The Number of Enterprises Above Designated Size in China's Packaging Industry Approaches 20,000
The number of enterprises above designated size in China's packaging industry is steadily increasing, with a growing number of new entrants and increasingly fierce market competition. According to statistics from the China Packaging Federation, the number of enterprises above designated size in China's packaging industry will reach 19,000 in 2024, a year-on-year increase of 2.70%.
2. Total Profits of Enterprises Above Designated Size in China's Packaging Industry Decline
According to statistics from the China Packaging Federation, the total profits of enterprises above designated size in China's packaging industry will reach 97.5 billion yuan in 2024, a decrease of 6.7 billion yuan from 2023, a year-on-year decrease of 6.43%. The main reasons for the decline in total profits are rising raw material costs, intensified market competition, and fluctuating market demand. Regarding raw materials, the prices of major raw materials such as pulp and plastics have fluctuated significantly, increasing procurement costs for enterprises and squeezing profit margins. In terms of market competition, the packaging industry is highly competitive. To gain market share, companies often resort to price cuts, resulting in lower product profit margins. Furthermore, uncertainty in market demand poses operational challenges for businesses. Fluctuating economic conditions have led to reduced orders and lower capacity utilization for some companies, impacting overall profitability.
3. China's Plastic Packaging Enterprises See the Largest Revenue Growth
By 2024, revenue growth for enterprises above designated size in all sub-sectors of my country's packaging market will vary. According to estimates by the China Packaging Federation, operating revenue for each sub-sector is as follows: paper packaging products and materials, approximately 547.6 billion yuan; plastic packaging products and materials, approximately 562 billion yuan; metal packaging, approximately 150.8 billion yuan; glass packaging, approximately 65.1 billion yuan; wood packaging, approximately 20.7 billion yuan; packaging printing, approximately 562.4 billion yuan; and packaging machinery, approximately 158.1 billion yuan. Among these, plastic packaging enterprises will see the largest revenue growth, with a year-on-year increase of 8.87% in 2024.
Based on market competitiveness and strategic execution, my country's packaging industry can be divided into four major competitive clusters: leaders, challengers, followers, and niche players. Overall, the number of challengers in my country's packaging industry is relatively high, primarily due to the industry's current green transformation and development phase, significant market growth potential, and a continuous influx of competitors. Linyi Bisheng Packaging Co., Ltd. is a manufacturer and supplier specializing in high-quality plastic packaging bags and films. Certified to ISO9001, ISO14001, ISO45001, FSSC22000, and GMI (Graphic Measurement International), we have built a reputation for excellence and reliability in the plastic packaging industry through years of experience.
