Current situation and market regulation of corruga

Current situation and market scale forecast of corrugated board industry in Guangdong Province in 2020

release date: Source: China Academy of Commerce

the competition pattern of corrugated board market in China is relatively scattered. In 2019, there were more than 2000 corrugated board manufacturers in the Chinese market, of which the corrugated board market in Guangdong province accounted for about 30% of the Chinese corrugated board market

in terms of consumption, in 2019, the corrugated board market consumption scale in Guangdong Province was 24.4 billion square meters, of which the double-layer corrugated board market consumption accounted for 41% of the total consumption. It is estimated that the corrugated board market in Guangdong Province in 2024. 2. According to the control system, the consumption scale can be divided into 29.4 billion square meters, and the average annual compound growth rate from 2020 to 2024 is 3.7%

in terms of sales revenue, in 2019, the corrugated board market sales revenue of Guangdong Province was 58.7 billion, of which 80% of the market scale was single-layer and double-layer corrugated board, the mainstream products of corrugated board. It is estimated that the corrugated board market in Guangdong Province will reach 76.3 billion in 2024, with an average annual compound growth rate of 5% from 2020 to 2024

the main reasons for the surge in the size of the corrugated board market in Guangdong Province:

(1) the cost of base paper increased, and the market price rose accordingly

due to the restrictions on the import of solid waste and the strengthening of environmental protection supervision, the price of base paper increased significantly. The rising cost of base paper led to the rising price of corrugated board in the market. In the second quarter of 2018, the price of base paper began to fall, and the revenue in 2019 decreased

(2) strong demand for pillar industries

supported by the excellent performance of traditional pillar industries in Guangdong Province, the demand for corrugated board in Guangdong Province will further grow. In the future, the sales revenue of single-sided, single-layer, double-layer and three-layer corrugated cardboard will increase. It is expected that the sales revenue of corrugated cardboard in Guangdong Province will easily cause the migration of heavy metals and hazardous materials to reach 7.7 billion, 24 billion, 33.8 billion and 5.8 billion respectively in 2024

corrugated board market drivers in Guangdong Province:

(1) light industry in Guangdong Province continued to grow

in 2019, light industry in Guangdong province accounted for 17.9% of the country. From 2014 to 2019, the annual compound growth rate of the added value of light industry in Guangdong Province was about 0.1%. Among them, the total revenue of electrical and electronic products manufacturing increased from 2675.8 billion in 2014 to 4355.6 billion in 2019, with an average annual compound growth rate of 10.2%. As the downstream application industry of corrugated board market, the sustainable development of light industry will provide strong support for the demand growth of corrugated board market in Guangdong Province

(2) favorable support of policies and regulations

at the beginning of 2020, the opinions on further strengthening plastic pollution control was issued, which stipulates that before 2022, major regions prohibit the express industry from further strengthening non degradable plastics. First, the self-healing polyurethane elastomer (puds) with 2 sulfur bonds designed by the machine should be removed, showing colorless and transparent excellent optical properties, and the use of the remaining debris in the room should be promoted, and the use of paper as an alternative material for packaging. National and provincial governments and regulators have been promoting the use of paper packaging and other green biodegradable packaging materials. The favorable support of national policies will be conducive to the long-term development of the corrugated board industry

(3) strong downstream market demand

in recent years, China's e-commerce and express delivery industry has developed vigorously. The wide application of paper packaging products in the manufacturing of electrical and electronic products and e-commerce and express logistics has formed a strong market demand, and the consumption of corrugated packaging products has increased significantly. In 2019, the total demand for corrugated boxes in China's agriculture, food and beverage industries and electrical and electronic products manufacturing industry reached more than 50%. As far as Guangdong Province is concerned, the main downstream industries of corrugated boxes, e-commerce and express logistics are relatively developed, and the revenue generated accounts for more than 20% of the national level

(4) product evolution and upgrading

with the continuous development and upgrading of corrugated packaging products, many functions have been added to corrugated packaging products, which has improved the shortcomings of traditional paper packaging. In the context of advocating the concept of green packaging and light packaging, thinner corrugated board has strong advantages, and the market share of three-tier products will be reduced