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Corrugated board industry development trend:

Smart manufacturing. The China Packaging Industry Development Plan (2016-2020) emphasizes that intelligent manufacturing is one of the major development trends. The application of information technologies such as intelligent computing and automatic control in corrugated manufacturing will help minimize unnecessary production waste, save energy costs and labor, and improve operational efficiency.
We will accelerate industry consolidation. The paper packaging industry is experiencing a phase of integration driven by market and policy factors. Rising environmental standards and the cost of sourcing raw materials are driving the exit of small players.
Product innovation. Paper packaging industry should pay attention to product innovation and new demand of downstream market. The emergence of new raw materials, in order to ensure the buffer effect of corrugated cardboard and rigid structure at the same time more light and thin, so that household appliances, consumer electronics and other light industries can move towards the era of light packaging.
Manufacturing costs increase. The cost of raw paper began to soar in the fourth quarter of 2016 due to strict restrictions on imports of solid waste, including waste paper. From 2014 to 2019, the average annual compound growth rate of China’s corrugated base paper price index is 5%. With the firm determination to achieve zero import of solid waste and restrictions on plastic products and packaging, corrugated board manufacturers have to bear the cost of highland paper made from domestic waste paper, and the overall price of base paper is increasing positively. The price index of corrugated cardboard base paper in China is expected to be 132.8 in 2024.

Post time: Jun-06-2021