Brief analysis of the current development trend of corrugated boxes in China

1. The concentration of corrugated box industry will be further improved
At present, the total market share of China's top ten corrugated box companies is less than 10%, while the top five corrugated box companies in the United States account for more than 70% of the domestic market share.
China's corrugated box industry concentration is low With the downstream terminal industry consumption upgrading trend, downstream enterprises for corrugated box product quality, printing content sophistication, delivery time, supporting services requirements will gradually rise, only suitable for low-speed, low-quality, narrow shingle wire equipment and backward printing and back-end equipment of small and medium-sized carton factories will be difficult to adapt to the development trend. At the same time, the increasing environmental protection cost year by year will gradually raise the threshold of the industry, and corrugated carton enterprises with capital and technical strength will gradually occupy a dominant position in the market, while enterprises that cannot survive in the gradually shrinking industry profit margins will face elimination. In the future, China's corrugated box industry will increase the concentration of the industry by eliminating backward production capacity, mergers and acquisitions, etc., and enter the stage of large-scale and group development.
2. Leading enterprises layout production bases across regions and multiple points
Due to the low unit price of corrugated boxes, sensitive to transportation costs, the transportation radius of cartons is generally within 300 kilometers, so the extensive establishment of production bases to meet local demand is the main way for corrugated box manufacturers to achieve capacity expansion. When choosing a packaging supplier, leading companies in downstream industries such as home appliances often require packaging needs that cover their multiple production bases. The widely distributed corrugated box enterprises have a huge advantage when striving for such high-quality customers. Through the multi-point layout of production bases across the country, corrugated box enterprises can respond to the packaging needs of downstream customers in a timely manner, expand production scale and increase market share. At present, the leading enterprises in the corrugated box industry have begun to lay out their own national production networks through new production lines, mergers and acquisitions, etc. Especially with the trend of manufacturing internal migration, many leading enterprises have begun to invest and set up factories in the central and western regions.