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China's paper bag market will reach 24.5 billion yuan by 2020

China's paper bag market will reach 24.5 billion yuan by 2020

With the continuous development of the national economy, China's packaging industry as a whole development situation is good, has become the world's second largest packaging country after the United States. At the same time that the overall output value of the industry is increasing, China's per capital packaging consumption is only 12 dollars / person, compared with the world's major countries and regions, there is still a large gap, including industrial paper bag packaging, including high-end paper packaging field will have a broad market development space in the future.


Per capital packaging consumption in major global countries and regions (usd:USD/person)

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With the steady development of the national economy,  China's paper bags market has developed well in recent years. China's paper bag market in 2014 is 18.8 billion yuan, the compound growth rate of 4.51%  is expected to reach 24.5 billion yuan by 2020.

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