China's Paper, Paperboard, Containers Industry to Grow at 11.23% CAGR During 2011-205
 Print this article | Send to Colleague
The Paper and Paperboard Container Manufacturing Industry in China will grow at a CAGR of 11.23% during the period 2011-2015, according to a newly offered report by Research and Markets, Dublin, Ireland. The report, titled Paper and Paperboard Containerboard Manufacturing Industry in China 2011-2016, notes that one of the key factors contributing to this market growth is high domestic demand.
The paper and paperboard container manufacturing industry in China has also been witnessing the emergence of new technologies. However, the increasing competition from substitutes could pose a challenge to the growth of this market.
The key vendors dominating this market space are Tetra Pak China Ltd., Zhejiang Dashengda Packaging Co., Shanghai Zhonglong Paper Co., and Salfo Group Co. Other vendors mentioned in the report are JiaxingDahua Package Co., ZaozhuangHuarun Paper Co., Daye Group Co., Kangmeibao (Suzhou) Co., JinjiangYoulanfa Paper Co., and Quingshan Corp.
Commenting on the report, an analyst from TechNavio's team, creators of the study, said that "the paper and paperboard container manufacturing industry in China is witnessing the emergence of new technologies pertaining to the production of paper and paperboard containers. Vendors are continuously adopting new methods that allow them to reduce their production cost by incorporating technologically advanced equipment.''
According to the report, economic development in the developed parts of China is rapid and significant. In China, the demand for industrial products has increased considerably over the past few years. In addition, the demand for high-quality paper containers from consumers in China is propelling the production of paper and paperboard containers. The underdeveloped parts of the country also provide a potential market in the long-term because of the increasing disposable income of the people, rapid development in the economy, and the increase in urbanization in China.
Further, the report reveals that the availability of substitute products and their declining prices pose a major challenge for this industry.
|
|
