PRN: New Study Provides Insight into Growing Chinese Boxboard Market
New Study Provides Insight into Growing Chinese Boxboard Market
BEIJING, July 31, 2012 /PRNewswire/ -- RISI, the leading information provider for the global forest products industry, today announced the release of the China Boxboard Study. This new study analyzes China's current boxboard market, forecasts supply and demand and details end-use consumption patterns.
"China is the largest boxboard consumer in Asia and has accounted for more than 50% of total Asian boxboard consumption since 2004. We expect Chinese boxboard demand to continue to grow through 2016. In this study, we have examined the macroeconomic trends contributing to this growth, as well as the growth fundamentals in 15 major downstream industrial segments." said Ken Waghorne, Vice President Packaging, RISI.
On the supply side, China's share of total Asian capacity increased from 30% in 2000 to nearly 60% in 2010. The nation's capacity growth is expected to reach a record high of 12.8% in 2012, and will be even higher in 2013.
"For virgin cartonboard grades, capacity expansion is expected to hold a double-digit pace in the medium term, which is far above the demand growth trend. Oversupply will force producers to expand channels into external markets, making China a net exporter of boxboard," said Han Yao, Economist, Asian Paper Packaging, RISI and the study's lead author.
"As China becomes a more influential player in the global boxboard market, it will be critical for boxboard manufacturers and suppliers to the industry to better understand what drives the market here. This study provides that insight in greater detail than any other source," continued Yao.
For more information about RISI's China Boxboard Study or to order, visit www.risi.com/chinabox .
About RISI (www.risi.com)
Owned by UBM plc, which is listed on the London Stock Exchange, RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.
About UBM plc (www.ubm.com)
UBM plc is a leading global company. We inform markets and bring the world's buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organized into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.
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