Top five rankings of China's heavy packaging film industry in 2024
1.Shuangxing New Materials (Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.)
– Core data: In 2024, the production of heavy packaging film is about 180,000 tons, sales reach 2.5 billion yuan, and the market share is about 12%.
– Competitive Advantage: As a leading domestic optical film company, Shuangxing New Materials achieves a balance between product lightweight and high strength through multi-layer co-extrusion technology in the heavy packaging film field. Its BOPET (bidirectional tensile polyester film) products have a leading market share in the chemical and building materials packaging fields. The company has independently developed nano coating technology, which can improve the puncture resistance and anti-aging properties of the film. Its customers cover leading companies such as Wanhua Chemical and Conch Cement.
– Market layout: There are production bases in Anhui, Jiangsu and other places, with a new production capacity of 50,000 tons in 2024, focusing on expanding the Southeast Asian market, and export share increased to 15%.
2.Da Southeast DDN (Zhejiang Da Southeast Co., Ltd.)
– Core data: The output is 160,000 tons, sales are 2.2 billion yuan, and the market share is about 10.5%.
– Competitive Advantage: Focusing on the production of PE (polyethylene) heavy packaging film, the products are known for their high toughness and low temperature resistance, and are widely used in fertilizer and grain packaging. The company reduces energy consumption through energy-saving film blowing process, and the cost is 8% lower than the industry average. The biodegradable heavy packaging film launched in 2024 has passed the EU certification, and the order placing is significantly increased due to environmental protection policies.
– Market layout: Lay out production bases in Zhejiang, Jiangxi and other places, establish long-term cooperation with Sinochem Group and New Hope Group, and add 30,000 tons of new production capacity in 2024 to meet agricultural packaging needs.
3.Guofeng New Materials (Anhui Guofeng New Materials Co., Ltd.)
– Core data: The output is 150,000 tons, sales are 1.8 billion yuan, and the market share is about 8.5%.
– Competitive Advantages: Relying on the polymer material R&D platform, we have a deep accumulation of technology in the field of BOPP films, and the product thickness tolerance is controlled within ±2%, which is better than the industry standard. The company’s heat seal heavy packaging film has a high market share in the food packaging field, and its customers include Tongyi, Master Kong, etc.
– Challenges and Transformation: Affected by the overcapacity of traditional packaging films, the gross profit margin in 2024 is only 2.79%. It is transforming into a high-end field through the acquisition of Jinzhang Technology (optical functional film company), and plans to increase the proportion of high-end products to 30% by 2025.
4.DuPont Hongji (Foshan DuPont Hongji Film Co., Ltd.)
– Core data: The output is 160,000 tons, sales are 2.2 billion yuan, and the market share is about 10.5%.
– Competitive Advantage: Focusing on the production of PE (polyethylene) heavy packaging film, the products are known for their high toughness and low temperature resistance, and are widely used in fertilizer and grain packaging. The company reduces energy consumption through energy-saving film blowing process, and the cost is 8% lower than the industry average. The biodegradable heavy packaging film launched in 2024 has passed the EU certification, and the order placing is significantly increased due to environmental protection policies.
– Technical barriers: It has a world-leading five-layer coextrusion casting production line, which can achieve precise control of film thickness from 10μm to 200μm, meeting the customized needs of high-end customers.
5.Sichuan Meifeng Chemical Co., Ltd.
– Core data: The output is 120,000 tons, sales are 1.5 billion yuan, and the market share is about 7%.
– Competitive Advantage: Focusing on the heavy-load film market segment, the products are known for their high-strength and puncture resistance, and are mainly used in petrochemical catalysts and fertilizer packaging. The company’s anti-static heavy packaging film can effectively prevent dust adsorption and has a market share of over 15% in the chemical industry.
– Regional layout: Relying on Sichuan’s natural gas resources advantages, the raw material cost is 10% lower than that of eastern enterprises, and a new production base will be built in Xinjiang in 2024 to radiate to the Central Asian market.
Industry perspective and in-depth analysis
1 The total market share of the top five companies is about 46%, showing a “concentrated head and scattered small and medium-sized” pattern. Shuangxing New Materials, Da Southeast, etc. have consolidated their position through technological upgrades and capacity expansion, while small and medium-sized manufacturers have accelerated their clearance due to rising environmental protection costs.
2 Technology development trend:
– Lightweight: The film thickness is reduced from traditional 50μm to 30μm, the strength is increased by 30%, and material consumption is reduced.
– Environmental protection: The permeability of biodegradable materials (such as PLA based heavy packaging film) has increased from 5% in 2023 to 8% in 2024, but the cost is still 20%-30% higher than that of traditional films.
– Intelligent: Some companies have introduced IoT label technology to realize logistics tracking and anti-counterfeiting traceability of packaging films.
3 Regional distribution characteristics. East China (Jiangsu, Zhejiang) and South China (Guangdong) are the core production areas, with a total production capacity accounting for more than 60%, mainly benefiting from the downstream chemical and food industry cluster effects.
4 Challenges and Opportunities:
– Challenges: The prices of raw materials (polyethylene, polyester slices) are greatly affected by fluctuations in international oil prices. The PE price in 2024 rose by 12% year-on-year, squeezing profit margins.
– Opportunity: Demand for new energy battery packaging (such as lithium battery aluminum-plastic film) has exploded, and the market size is expected to exceed 5 billion yuan in 2025, and leading companies have laid out related product lines.
Summarize
In 2024, China’s heavy packaging film industry will show the characteristics of “technology upgrade-driven concentration increase”. Leading companies will consolidate their advantages through high-end, environmentally friendly and intelligent strategies, while small and medium-sized manufacturers will face transformation pressure. In the future, with the deepening of the “dual carbon” policy and the expansion of emerging application scenarios (such as new energy and pharmaceutical packaging), enterprises with core technologies and large-scale production capabilities will further expand their market share.
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