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Is the paper bag business profitable?

Datetime: 2/15/2023 3:40:00 PM   Visit: 766

The paper bags produced by the square bottom paper bag machine are common packaging bags in daily life. Under the general trend of environmental protection, the application of paper bags is becoming more and more popular. The common ones are food paper bags, shopping paper bags, clothing paper bags, etc.

Now the whole society and even the whole world are advocating the "plastic restriction order" and the concept of environmental protection. Many enterprises also actively respond to the policy, abandoning the use of plastic bags and switching to paper bags. Therefore, the global demand for paper packaging is likely to witness strong growth. Paper bag packaging is estimated to account for around 65% of the total recycled packaging market, and both the US and Canada have seen healthy growth in paper and cardboard recycling rates over the past few years. Canada's recycling rate is currently 80%, compared with 70% in the United States. At the same time, the average recovery rate of recycled paper packaging in Europe is 75%.

In recent years, as the global packaging industry has gradually shifted to developing countries and regions represented by China, China's paper product packaging industry has become increasingly prominent in the global paper packaging industry and has become an important global supplier of paper product packaging with an expanding export scale.

According to the statistics of China Packaging Federation,the total import and export of China's paper products packaging industry in 2018 was US dollars 5.628 billion, an increase of 15.45% year-on-year, of which the export amount was US dollars 5.477 billion, an increase of 15.89% year-on-year.In 2019, China's paper packaging industry import and export The total amount was 6.509 billion US dollars, of which the export value was 6.354 billion US dollars, a year-on-year increase of 16.01%. In 2020, the total import and export volume of China's paper packaging industry was 6.76 billion US dollars, of which the export value was 6.613 billion US dollars, a year-on-year increase of 4.08%. In 2021, the total export value of paper packaging in the national packaging industry will be US$8.669 billion, a year-on-year increase of 31.09% .

At the same time, with the rapid economic and social development, the downstream consumer industry is showing a development trend of diversified demand and accelerated product iteration. As a packaging supporting industry for the downstream consumer industry, the paper product packaging industry will further strengthen its stickiness with downstream core customers in the future.

It can be seen from the above data that in the past five years, the demand for paper bags in the international market has been increasing day by day. China's export trade in paper bags to maintain a steady year-on-year growth, which is conducive to paper bag manufacturers to expand the market, bringing opportunities for business growth.

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