DESCRIPTION
This new Access Asia report covers the packaging machinery market in China.
It assesses the environment for imported packaging machinery firms in a range of
sectors: distributing, wholesaling and retailing products.
EXTRACT FROM INTRODUCTION
China' s packaging industry is enjoying steady growth, with an annual growth
rate of 18% in 2001 while the industry emerged as the country' s 15th largest
industry - up from a lowly 40th place the previous decade and a welcome recovery
after a sharp slowdown at the end of the 1990s. As China' s packaging industry
has developed, so the country' s packaging machinery industry has grown. China
currently has some 1,600 local packaging machinery manufacturers, 25% of which
are classed by the government as glarge operations?(with more than 1,000
employees), 35% gmedium-sized?(300-1,000 employees) and 40% gsmall-sized?(with
fewer than 300 employees). These companies can produce roughly 2,700 of the
4,000 types of packaging machinery currently manufactured in the global market. Bolstered
by surging FMCG demand, China' s packaging machinery industry has helped to fuel
development in the packaging industry itself. Today, there are more than 20,000
packaging companies employing well over three million employees across the
country. |