The development trend of tin box packaging industry in 2022

1. The number and scale of China's tin box manufacturing companies continue to grow

From 2019 to 2021, the number of enterprises above designated size in China's tin box packaging industry (the annual main business income of 5 million US dollars and above all industrial legal entities) has shown a steady upward trend. This reflects the increasing number of manufacturers in the industry, increasingly fierce market competition and declining profits. In 2021, the number of enterprises above designated size in China's metal box packaging industry reached 8183, an increase of 267 from 2020.

2. The overall supply of tin box packaging industry has declined

From the perspective of supply, the overall supply of China's tin box packaging industry has declined in 2021. According to statistics from the China Federation, the output of tin box packaging in China in 2021 reached 45.655 million tons, a year-on-year decrease of 3.41%, cardboard boxes were 13.947 million tons, and corrugated boxes were 31.708 million tons; plastic film production was 15.0295 million tons, a year-on-year decrease of 6.37%; glass packaging The output was 17,617,500 tons, a year-on-year decrease of 5.65%; the output of packaging machinery was 591,800, of which 263,400 were special equipment for packaging and 328,400 were special equipment for plastic processing.

3. The tin box packaging industry has seen negative growth in the scale of demand

From 2018 to 2020, the scale of China's tin packaging industry has maintained a growth trend, but the growth rate has declined, until 2021, the scale of the industry will show a negative growth. In 2021, enterprises above designated size in the metal packaging industry will achieve sales revenue of US$1006.458 billion, a year-on-year decrease of 1.17 percentage points.

Among them, the cumulative main business revenue of paper and cardboard container manufacturing was 288.474 billion yuan, a decrease of 2.53% year-on-year; the cumulative main business revenue of plastic film manufacturing was 275.435 billion yuan, a year-on-year decrease of 0.55%; the cumulative main business revenue of plastic packaging boxes and containers was completed The revenue was 158.462 billion yuan, a year-on-year decrease of 2.49%; the cumulative main business revenue of metal packaging containers and materials was 108.326 billion yuan, a year-on-year decrease of 7.84%; the cumulative main business revenue of the manufacturing of special equipment for packaging processing was 81.056 billion yuan, a year-on-year increase of 21.05%; The accumulated main business income of glass packaging container manufacturing was 57.678 billion yuan, a year-on-year decrease of 1.8%; the accumulated main business income of the manufacture of cork products and other wood products was 37.025 billion yuan, a year-on-year decrease of 6.71%.

4. The profit of the tin box packaging industry has increased significantly

In 20201, China's metal box packaging industry will complete a total profit of 11.038 billion US dollars, a year-on-year increase of 24.90%. The growth rate has increased by 20.62 percentage points from 2020.

5. Strong export growth momentum

With the continuous expansion of China's foreign trade, the export market of tin box packaging industry is also active. According to data released by the China Packaging Federation, from 2016 to 2021, China's metal packaging industry exports continued to increase. In 2021, the industry achieved a total export value of 39.572 billion U.S. dollars, an increase of 10.04% year-on-year, and continued to maintain a strong growth momentum.

6. Imports resume growth

In the packaging industry import market, the import volume of the packaging industry in 2020 will resume growth after experiencing a decline in 2019. In 2020, the packaging industry has completed a total of 14.295 billion US dollars in imports, an increase of 1.82% year-on-year.

Competitive landscape of packaging box manufacturers: the plastic packaging industry has a low degree of concentration

The paper packaging market presents a pyramid shape in terms of profit margin and scale: the bottom of the pyramid is industrial packaging and low-end commercial packaging. The scale is the largest. The raw materials are mainly boxboard and corrugated. The structure is simple and the degree of personalization is low. Daily necessities, fast-moving consumer goods, express packaging with low customer unit price, and some high-customer unit prices but larger products (such as home appliances), the net profit level is about 2%~5%; mid-to-high-end commercial packaging mainly uses white cardboard and whiteboard Paper and other materials are mainly used for exquisite printing, complex structure, and high added value of design. It is mainly used for high-customer unit prices and small-volume products, such as consumer electronics, high-end liquor, fine cigarette boxes, and high-end gifts. Among them, the net profit of consumer electronics packaging is higher. At 5%~15%, the net profit rate of tobacco and alcohol packaging can reach 20%~30%.

The development prospect and trend forecast of tin box packaging industry

1. The scale of the industry is expected to reach USD 0.72-1.00 trillion in 2026

The current global economic situation is still complex and severe. Under the influence of the new crown pneumonia epidemic, global economic growth has slowed down, unstable and uncertain factors have increased, regional development imbalances and insufficient problems are still prominent, and the economy is facing new downward pressure. However, it is gratifying that market sales have risen steadily, and the growth rate and proportion of online retail continue to increase.

Consumption has become the first driving force of China's economic growth. From the above stable development of China's trade situation, it can be inferred that the prospects of China's tin box packaging industry will remain prosperous in the future. The forward-looking industry research institute's neutral speculation (the industry is developing at a growth rate of 5%), by 2026, the sales scale of China's packaging industry will reach about 1.3 trillion yuan.