China Corrugated Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Chinese corrugated packaging market is expected to register a CAGR of 4.1% over the forecast period. In China, mobile devices accounted for around 69% of all e-commerce transactions as of 2021; by 2025, the percentage is projected to reach 75%. Smartphones are becoming the go-to device for many Chinese customers when they make online purchases.
Key HighlightsThe China Corrugated Packaging Market is fragmented due to numerous local and global vendors in the market. To accelerate the development of corrugated packaging in China, market players are incorporating various strategies, such as vertical and horizontal integration and product expansions. Some of the prominent domestic vendors operating in the market are Shanying Paper Co. Limited, Hung Hing Printing Group Limited, Nine Dragons Paper Holdings Limited, Belpax, and Shanghai DE Printed Box, among others.
In November 2022, recycled packaging board producer, Nine Dragons, announced its plans to expand board production rapidly in 2023. The company plans to start 4.77 million tonnes of new capacity by 2023, along with launching virgin carton-board production.
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