China's Packaging Machinery Market Research Report - PMMI

0. EXECUTIVE SUMMARY
The substantial development of almost all industries in the Chinese economy has
produced enormous market potential for packaging machinery. It is magnificent
timing for PMMI Members to enter the Chinese market. Overseas packaging
machinery is extremely attractive to domestic end users wanting to take advantage of
foreign technology, quality performance, and reliability. However, the price for
imported packaging machinery is about 5 to 10 times higher than similar domestic
products. This indicates that the target market potentials of PMMI members are the
market leaders in respective industries, large -scale businesses, and foreign-invested
or joint ventured enterprises, which have adequate financial resources to back the
desire to purchase imported packaging machinery.
Items (1999) Quantity
Overall Market Size US$ 2,440,998,000
Domestic Production of Packaging Machinery US$ 1,674,698,000
Import of Packaging Machinery US$ 813,634,000
Export of Packaging Machinery US$ 47,344,000
Market Share of Imported Packaging Machinery 33.33%
Packaging Machinery Manufacturers 2000 companies
Growth Rate of Packaging Machinery Output 10-15%
Average Annual Growth Rate of Packaging
Machinery Market Size as of the Latest Ten Years
1
15-20%
In general, there is still a substantial gap between Chinese and foreign packaging
machinery in terms of product quality, performance, technology, research &
development, as well as product structure and scale.
From 1997 to 1999, China's packaging machinery industry (CPMI) underwent rapid
growth. With a sudden sharp import decrease in 1999, the overall market size shrunk
in comparison with 1998 and 1997.