"Welcome to the Plastic Packaging Industry"
"Welcome to the plastic packaging industry" primarily reflects positive industry development, technological innovation, and environmental initiatives, as follows:
• Market Growth: According to market research firm QYResearch, the global plastic packaging market will reach approximately US$920 billion in 2023 and is expected to grow to US$1.3 trillion by 2030, with a compound annual growth rate of approximately 5%. China's plastic packaging market is also growing, increasing from 399.892 billion yuan to 563.306 billion yuan between 2018 and 2022, with a CAGR of 8.94%.
• Significant Sustainable Development Achievements: The proportion of recycled plastic continues to increase. For example, Coca-Cola has expanded its 100% rPET bottles to Hong Kong, China, and India, and Apta Beauty has launched a plastic perfume pump made with up to 67% post-consumer recycled resin. Bio-based packaging materials are diversifying in their sources. Yili Jindian has launched its first plant-based integrated lid, and Dior Perfumes & Beauty plans to use plant-based polymer PEF as a raw material for its primary packaging.
• Continuous innovation in functional packaging: In the area of pre-prepared meal packaging, Bisheng Packaging has developed microwaveable self-degassing bags. These bags, with their four-layer packaging and nitrogen freshness-locking technology, lock in the fresh flavor of beef and can be heated directly in a microwave.
• Industry technology upgrades: China's packaging industry is undergoing a dual transformation towards greening and smart manufacturing. The production capacity of bio-based plastics and recycled fiber materials continues to expand, and their market share is expected to exceed 70% by 2028. Simultaneously, the penetration rate of smart packaging is increasing. The deep integration of the Internet of Things, RFID tags, and blockchain technologies is enabling packaging to be tracked, anti-counterfeited, and traceable. The smart packaging market is expected to exceed 80 billion yuan in 2027, with a penetration rate exceeding 50%.
