Development trend of China's packaging and printing industry in the first three quarters of 2019（chart）
Packaging printing is a kind of printing based on all kinds of packaging materials. Decorative patterns, patterns or words are printed on the packaging to make the products more attractive or more illustrative, so as to transmit information and increase sales volume. According to the classification of packaging materials, the packaging industry can be divided into paper packaging, metal packaging, plastic packaging, glass packaging and other fine molecular industries.
Packaging printing needs to take into account economic, environmental protection and other issues, and at the same time, it needs to be able to fully and well express the information to be printed. From the perspective of industrial chain, the upstream of packaging and printing industry is mainly paper, plastic, ink and additives and other raw materials and equipment manufacturing industries, while the downstream is connected with cigarette, electronics, food and beverage, medicine and other industries.
In the first three quarters of 2019, the main business income of the packaging sector was 70.7 billion yuan, up 7.3% year on year; the net profit attributable to the parent was 5.7 billion yuan, up 0.1% year on year. In terms of quarter, the revenue of Q1 / Q2 / Q3 of the sector increased by 8% / decreased by 0.4% / increased by 5.78% on a year-on-year basis, and the net profit attributable to the parent increased by 9.9% / decreased by 15.1% / increased by 6.3% on a year-on-year basis.
2013-2019q1-3 revenue scale and growth trend of packaging and printing sector
Net profit attributable to the parent company of packaging and printing
In the first three quarters of 2019, the gross profit rate of packaging sector was 24.2%, up 0.9pct year on year; the net interest rate was 8.3%, down 0.9pct year on year. In terms of expense rate, the sales expense rate was 4.53%, with a year-on-year increase of 0.3pct; the management expense rate (including R &;amp; D expense) was 8.3%, with a year-on-year increase of 1PCT; the financial expense rate was 1.5%, with a year-on-year increase of 0.1pct.
One、industry structure
The packaging industry is a trillion level market, of which the paper packaging industry with the largest capacity has a market scale of nearly 330 billion yuan. The paper packaging demand of the relevant downstream sub industries is measured, and the market share of the leading enterprises in the corresponding sub sectors is calculated accordingly. In the past five years, the proportion of leading enterprises in their micro industry has been increasing year by year. But compared with developed countries, the concentration of China's packaging industry still has room to improve.
Calculation of downstream demand of paper packaging subdivision (100 million yuan)
The packaging industry is a trillion level market, among which the paper packaging industry with the largest capacity has a market scale of nearly 330 billion yuan. It is estimated that the potential market scale of high-end packaging in the fields of consumer electronics, tobacco, wine, cosmetics, food / medicine, etc. has reached 100 billion yuan. The downstream demand structure of cross development drives enterprises to continue to promote the process of business diversification. Yutong technology, the leader of traditional consumer electronic packaging, and Jingjia Co., Ltd. all continue to promote the process of packaging diversification. With the gradual introduction of business volume and high-quality customers, the gross margin of new business is expected to continue to increase.
Two、Corrugated packaging of box board
Another business expansion mode of the leading packaging industry is the light asset expansion road represented by Hexing packaging. The PSCP platform of Hexing packaging integrates industry orders and resources and provides value-added services for small and medium-sized enterprises through online collection, maker, youcaitong, chuangyaton and other platforms, while the offline partner mode can maximize the resource allocation and efficiency among packaging enterprises.
Since 2019, the domestic market price of corrugated and box board paper has risen first and then. From January to February 2019, the paper price showed an upward trend of fluctuation, mainly due to the rising price of raw materials and waste paper, and the strong willingness of paper companies to increase the price supported by the increase of cost. Secondly, there are many paper enterprises that are shut down for maintenance during the Spring Festival, and the market supply is a little tight. In addition, it is in the downstream stock season around the Spring Festival, and the market demand is expanding. After March 2019, with the introduction of new capacity and the reduction of downstream demand, paper prices began to show a downward trend.
In the first half of 2019, the average price of corrugated paper in China was 3658 yuan / ton, down 13.62% month on month, down 17.24% year on year; the average price of box board paper in China was 4043 yuan / ton, down 9.88% month on month, down 14.93% year on year.
Three、 recycling
Waste paper is a strategic resource contested by many countries and one of the largest sources of fiber raw materials in paper industry. Waste paper can be used not only to make recycled packaging paper, but also to make recycled newsprint. After deinking, purification of paper fiber and absorption of ink and impurities, paper-making has four processes. It can make full use of raw materials, reduce production cost and reduce waste discharge. According to production practice, 1 ton of waste paper can be used instead of 4-7 cubic meters of raw wood.
The recovery rate of waste paper in China has been increasing from 39.40% in 2008 to 48.50% in 2017. In early 2017, the Ministry of industry and information technology, the Ministry of Commerce and the Ministry of science and technology jointly issued the guidance on accelerating the development of renewable resources industry. It is suggested that by 2020, the recycling rate of domestic waste paper should reach 50%.
The trend of waste paper recovery in China from 2008 to 2020
