China's packaging machine formation industry has only 20 years of history, with a relatively weak foundation, insufficient technology and scientific research strength, and its development is relatively lagging behind, which to some extent holds back the food and packaging industries. It is predicted that by 2010, the total output value of the domestic industry can reach 130 billion yuan (current price), while market demand may reach 200 billion yuan. How to catch up as soon as possible and seize this huge market is a pressing issue we need to solve.
Development Status of China's Packaging Machine Industry
China's packaging machine industry started at the end of the 1970s, with an annual output value of only 70-80 million yuan, and only more than 100 varieties of products. In the past five years, the food and packaging machine industries have developed at an average growth rate of 11% to 12% per year, higher than the national economic growth rate during the same period. The total sales increased from 15 billion yuan in 1994 to 30 billion yuan in 2000, and the product varieties developed from 270 in 1994 to 3700 in 2000.