Future market analysis of packaging and printing industry in China

Future market analysis of packaging and printing industry in China

Future market analysis of packaging and printing industry in China

Apr 13, 2022

According to the analysis of the status quo and development prospect of the market size of China's printing industry in 2021 by China Forward-looking Research Institute, the market size of the printing industry will still grow in the future.
        
1. The market size of China's printing industry has increased year by year but the increase has declined

From 2014 to 2019, the market size of China's printing industry increased year by year, but the increase decreased.
In 2019, the market size of printing (mainly including publication printing, packaging and decoration printing, and other printing materials) was 1.378645 billion yuan, up 0.59 percent.

Since 2019, China's printing industry has been affected by electronic media and its growth rate has declined rapidly. Meanwhile, the global impact of COVID-19 in 2020 also impacted the import and export of the printing industry. However, in the second half of 2020, China's control of the epidemic and the rollout of vaccination have improved the domestic economic situation.
Therefore, according to the forecast of the growth rate of 0.58% in 2018-2019, the market size of the printingand packaging industry in 2020 is expected to be 1,386.7 billion yuan.

2. The number of enterprises and total profits in China's packaging and printing industry have declined

In 2019, there were 240,000 press and publishing units across the country, up 3.6 percent from 2018.Among them, 142,000 legal person units accounted for 592% of the total;There were 9,000 unincorporated units, accounting for 3.7 percent, basically the same as last year;There were 89,000 self-employed households, accounting for 37.1 percent, 2.9 percentage points higher than in 2018.

Due to the impact of the overall economic environment in 2020, the number of enterprises is forecast to decrease in 2020.According to the forecast, the number of packaging and printing enterprises in China will drop to 235,000 in 2020, down 2%.

3. The market size of China's packaging and printing industry will continue to grow in the future

Although the packaging and printing industry is greatly affected by electronic media at present, it is clear in the "14th Five-Year Plan" formulated and approved by the 19th Central Committee of the Communist Party of China and the long-term goal of 2035 that China will actively improve the level of public cultural services and comprehensively prosper the press and publishing industry in the next five years.

At the same time, with the packaging and printing industry closely following the technological transformation, industry integration and other measures, it is expected that the market size of China's packaging and printing industry will still grow in the future, but the growth rate will slow down.

From 2021 to 2026, the growth rate of China's packaging and printing market will slow down, and the market size is expected to be nearly 1.4 trillion yuan in 2021.By 2026, the market size will reach about 1.43 trillion yuan.

Based on the above analysis of the packaging and printing industry, we will closely follow the development of The Times, strive to increase investment in independent innovation, and develop our own advantages in the printing and packaging industry.