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The Chinese plastics industry for
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China is one of the largest manufacturers of synthetic resins in the
world. With the rapid economic growth, the use of synthetic resin has
become more common, with most production directed at the rapidly expanding
construction and automobile industries, rather than packaging
applications. In 2002, annual production capacity of the five largest
synthetic resins was valued at RMB13.944 million (e1.29 million).
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China is the world's fastest-growing economy, has the biggest population,
is the largest exporter of fast-moving consumer goods (FMCG), is the
cheapest manufacturing centre and is the largest recipient of foreign
direct investment. In order to support China's industrial growth, the
country is developing the world's largest packaging industry.
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At the end of 2003, China had 38,000 packaging manufacturing plants,
employing more than three million people, and contributed 2 per cent to
gross domestic product (GDP). The country is the single largest importer
of raw materials for packaging, including significant shipments of paper,
pulp, recovered paper, roundwood chip, aluminium, polymer resins and other
materials. Before the end of the decade, China's gross packaging product
output is forecast to increase by around 80 per cent in value terms.
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According to China Packaging Technology Association (CPTA), the central
supervisory and support authority for the industry, China has 34,578
packaging enterprises, of which more than 9,000 are involved in the
production of plastic packaging. Although there are more companies
operating in the plastics sector than in any other packaging sector, in
volume terms plastic packaging output is less than half that of
paper-based packaging, which accounted for over half of all packaging
output in 2003.
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