Sino-Pack 2008: Internationalized Gateway to China Market
China’s entry into WTO, along with the fast and healthy development of food, electronics, pharmaceuticals, tobacco, daily chemicals and other related industries, have provided a favorable platform for the growth of China’s packaging industry. Besides the juicy domestic market, the export market will also lead the packaging industry to grow stronger. According to the “2007-2010 Year China Packaging Development Forecast And Investment Analysis Report” from CCMNET, there are 11,000 domestic packing enterprises in China; and the total output value closed to RMB500 billion in 2006, whereas the paper packing product surpassed 20 million tons. During the Eleventh Five-Year Plan, total output is forecasted to reach RMB800 billion, and will maintain an annual growth rate of 7 percent. From 2011 to 2015, the total output value is expected to reach RMB1,000 billion, enjoying an annual growth rate of 16 percent. With this vast opportunity, the suppliers tend to look for a recognized and well-established packaging exhibition, as a direct and effective channel, to reach potential buyers and to establish their brands for more market share.