Packaging / Advertising & Office

It is undeniable that, under the guidance of the "double carbon" goal, the entire packaging industry is bound to undergo tremendous changes.

According to Huacheng Import and Export Data Observation, on February 1, 2023, two national standards, including the Packaging Recycling Mark and Packaging and Environmental Terms, will be officially implemented.

The former standard focuses on the production, use and recycling requirements of common packaging materials such as paper, plastic, metal, glass and composite materials, and specifies the types, basic graphics and labeling requirements of recycling marks in combination with the characteristics of different materials; For the latter, relevant important terms and definitions are given to make the supply chain stakeholders easier to understand and grasp, which will provide support for effective packaging production, recycling and treatment.

The implementation of these two standards will play an important role in helping the packaging industry to promote the construction of ecological civilization and green development in China.

According to Huacheng Import and Export Data Observation, China's energy consumption per unit output value is higher than the world average. Therefore, green packaging with low energy consumption, low emissions and low pollution is necessary for China's low-carbon economy and sustainable development.

"All packaging may be worth sustainable upgrading under the 'double carbon' goal, transforming most of the original packaging into recyclable and reusable. In the process of change, how to ensure that the packaging can be recycled while achieving cost control is a problem that must be solved in the R&D and production links." She Xin, president of Amko Greater China, said in an interview with the 21st Century Economic Report reporter.

In December 2022, AMCO, as the global leader in consumer goods packaging, invested 1 billion yuan to build a new flagship factory in Huizhou - Huizhou Base, and plans to build the factory into a world-class manufacturing benchmark in the domestic flexible packaging industry. In addition, as early as 2018, AMCO made a commitment to realize the recyclability or reusability of all the company's packaging by 2025, Huacheng Import and Export Data Observation reported.

"We have seen that the concentration of China's packaging industry is relatively low at present, and we believe that there are still broad development potential and business opportunities in China's green packaging field." She Xin told the 21st Century Economic Report reporter that Amko has invested more than US $2 billion in China since entering the entire Chinese market.

It is undeniable that, under the guidance of the "double carbon" goal, the entire packaging industry is bound to undergo tremendous changes.

According to Huacheng Import and Export Data Observation, Asia is currently the largest packaging material sales market, accounting for more than 40% of the global sales scale. Among them, China is also the world's largest consumer of packaging materials, with sales exceeding US $250 billion in 2021, and is also the fastest growing market in recent years.

"At present, Amco's exports in China account for 20% of the total production and sales, an increase of 30% over the export business in 2021. The external global supply chain provides Amco with corresponding opportunities." She Xin said that the consumer goods such as food are currently very promising market areas for Amco, while drugs and medical devices are the development areas that the company will increase investment in the future. Huacheng Import and Export Data Observation Report.

Throughout the whole industry, the number of enterprises above designated size in China's packaging industry (all industrial legal persons with annual main business income of 20 million and above) is steadily rising. This reflects the increasing number of entrants in the industry and the increasingly fierce market competition.

She Xin said, "To achieve cost control and packaging recyclability, we need to do a good job in research and development and innovation, and mobilize upstream and downstream resources to jointly achieve the goal. At the same time, product quality is the basis, and we should do a good job in quality detection and monitoring during the process of equipment upgrading and transformation, so as to ensure the quality of products."