What is the current state of the plastic packaging industry?

Overall, in the past three years, the main business of enterprises above the designated size in China's plastic packaging industry has been increasing, but due to the increasingly strict national environmental protection policy, the packaging industry has gradually shifted to a green and sustainable development trend, so the industry's revenue growth rate has been declining trend.

From 2017 to 2019, the main business income of enterprises above designated size in China's plastic packaging industry maintained a growth trend.

In 2019, enterprises above the designated size in the plastic packaging industry achieved main business income of 66.678 billion yuan, an increase of 1.48% year-on-year.

Jiangsu Hongmei Masterbatch Co., Ltd. was established in 2003. It was an early domestic enterprise engaged in the R & D, production, sales and service of plastic masterbatch. After more than ten years of steady development, the company is currently a large company in East China. Is one of the polyolefin masterbatch production enterprises, and its business scale ranks among the forefront of domestic counterparts.