retail packaging

China is the world’s second biggest retail packaging market for paper and paperboard - annual sales of over US$20 billion. The potential for further growth is enormous - as a strong economy and more prosperous lifestyle are rapidly driving up retail packaging demand. Retail packaging comsumption is rapidly growing - by the end of the decade China will need 70m tons of paper a year. Retail packaging market expanding equally fast - already reached $37 billion and is forecast to exceed $50 billion by 2008. Great investment care is required by multinational paper and retail packaging companies - beware the cultural, political and legal differences. Competition from domestic producers is also increasing as they modernise, often with state subsidies. Foreign investors are expected to bring higher standards and special strengths to the markets - against strong domestic competition