China is aiming to be the biggest packaging producer in the world by 2012
China is aiming to be the biggest packaging producer in the world by 2012
![China Flag for news China Flag for news](https://media.potatopro.com/china-2400.jpg?width=1200&height=743&crop=smart&mode=crop)
The report, Paper and Packaging Sector M&A Update, says that China intends to increase their packaging market share “aggressively,” over the next year.
“Their stated aim is to become the world’s largest packaging producers by the end of 2012, which will further intensify competition and will alter the global market dynamic,” said the report.
The Chinese packaging market, which is the second largest after the US, had a gross industrial output of $183.9bn in 2010 according to the Chinese Packaging Federation.
Huge growth in the Chinese packaging sector has been partly attributed to the packaged food industry which has seen up to 20% growth per annum in recent years.
The research, which was produced by Catalysts Corporate Finance, also states that foreign packaging investment has been made in Turkey and BRIC (Brazil, Russia, India and China) nations – something they expect will continue.
Related News
![Make a difference to children who would otherwise go without a decent education. Make a difference to children who would otherwise go without a decent education.](https://media.potatopro.com/stella-the-foundation-1200.jpg?width=600&height=357&crop=center&mode=crop)
TNA announces 'Packed with Purpose' initiative to support children’s education in disadvantaged communities
![An upgraded production line at Preziosi Food, featuring TNA solutions' state-of-the-art pellet frying system, significantly boosts snack output, achieving a remarkable 76% increase in production capacity. An upgraded production line at Preziosi Food, featuring TNA solutions' state-of-the-art pellet frying system, significantly boosts snack output, achieving a remarkable 76% increase in production capacity.](https://media.potatopro.com/tna-solutions-preziosi-small-2400.jpg?width=600&height=357&crop=center&mode=crop)