What is the consumption prospect of the metal packaging industry

With the improvement of residents' living standards, China's consumer demand for food, beverages, pharmaceuticals and other industries is increasing, which directly drives the consumption of China's metal packaging industry.

At present, my country's metal packaging industry has entered a new period of sustained, rapid and steady development. The metal packaging industry has developed from a scattered and backward situation to a complete industrial system with certain modern technology and equipment and a relatively complete range of categories. A number of cross-regional, large-scale, new-product, and high-efficiency metal packaging companies have emerged. Among the goals of the "13th Five-Year Plan", the packaging industry includes maintaining stable and healthy development, significantly increasing independent innovation capabilities, accelerating the improvement of technological progress’ The system is gradually improved, a number of world-class large enterprise groups with international competitiveness will be developed, and a number of packaging industry bases with international influence will be formed.

In-depth research on the food and beverage metal packaging market

The largest application industry for metal packaging in my country is the food industry, followed by chemical products, with cosmetics and pharmaceuticals also accounting for a certain proportion. In the past ten years, the rapid growth of my country's beverage industry has driven the rapid growth of the upstream metal packaging industry. According to incomplete statistics conducted by the China Packaging Federation for enterprises above designated size in the industry, my country's food and beverage metal packaging (including beverage, beer, milk powder, canned, food, etc. packaging) industry in 2019 is generally stable and rising, and the total output of the industry reaches 1,110 100 million, an increase of 7.49% over the previous year. However, in 2019, the market size of China's metal packaging industry accounted for approximately 13% of the overall packaging industry market size, which is still far behind the global level of 45-50%.

Compared with glass bottles, metal cans are safer and easier to transport, so the beer canning rate will also benefit from it and be improved. In terms of beer canning rate indicators, the canning rate of beer in China in 2019 is only about 21%, the canning rate of other countries in Europe, America and Southeast Asia is above 40%-70%, and the canning rate of beer in Japan is as high as 90%. . It is expected that China's beer canning rate will further increase in the future, driving industry growth.

The domestic aluminum two-piece can market will continue to grow. With its cost-effective advantages, it is replacing three-piece cans in large numbers. This is also a major trend in the development of global metal beverage packaging. According to the prediction of the Metal Container Committee of China Packaging Federation, by 2022, my country's food and beverage metal packaging industry will achieve a total output of 119 billion pieces, of which two-piece cans will achieve an output of 56 billion pieces. At the same time, as a supporting product, it is estimated that by 2022, the output of easy-open lids in my country will reach 110 billion.

Metal packaging is expected to continue to expand gross profit in the future

With the sharp increase in raw material prices in the first half of the year, the profit performance of metal packaging slips in the second quarter was better than market expectations, reflecting the optimization of the industry structure. The price increase was successfully implemented in the middle of the year, and the price increase was about 4+ cents/can to 0.46-0.47 yuan/can, and the price increase was better than expected.

It expects that from 21Q3 onwards, the profitability of metal packaging companies will usher in a reversal, the superimposed demand side is strong, the canning rate continues to increase, and the performance is expected to achieve rapid growth. Compared with glass bottles, two-piece cans are more conducive to consumption scenarios such as takeaways and homes, and the beer canning rate has increased significantly.

With the integration of existing production capacity, the concentration of leading companies has increased, the commissioning of new production capacity will be more orderly, the voice of metal packaging in the upstream and downstream industrial chains will increase, the order of industry competition will be reconstructed, and the profitability will be restored to a normal level. Faced with the rapid increase in raw material prices in the first half of 2021, the industry’s first substantial price increase in the middle of the year is expected to continue to expand gross profit in the future.

The metal packaging industry research report mainly analyzes the market scale of the metal packaging industry, the supply and demand status of the metal packaging market, the competition status of the metal packaging market, the operation of major metal packaging companies, and the market share of major companies in the metal packaging market. Make scientific predictions about the future development of the company. The metal packaging industry research report can help investors reasonably analyze the current market situation of the metal packaging industry, make predictions on the prospects of the metal packaging industry for investors to invest, tap investment value, and propose investment strategies, production strategies, and marketing strategies for the metal packaging industry. Suggestions.