China ranks first in global consumer confidence index, consumption recovery drives packaging demand

The global consumer confidence index survey results recently released by the international market research organization Ipsos showed that among the 24 countries that participated in the survey, China's consumer confidence index was 72.9, ranking first.

The top five countries in the consumer confidence index this month are: China, Saudi Arabia, Sweden, the United States, and Germany.

Generally, the consumer confidence index is regarded as a leading indicator for predicting economic trends and consumption trends. The improvement of the consumer confidence index is also a concentrated reflection of China's economic recovery and development. Ipsos said that August was the second consecutive month that the global consumer confidence index rose. The index is rebounding after bottoming out in June.

With the rapid development of e-commerce, express delivery has gradually become the basis of consumption in recent years. According to data released by the State Post Bureau, in July this year, the business volume of express delivery service enterprises nationwide completed 6.94 billion pieces, a year-on-year increase of 32.2%.

Calculating the number of express delivery from 2019 to 2025 according to the proportion, the potential demand for paper packaging express delivery will increase by 16.59 billion pieces by 2025, of which the use of corrugated paper accounts for 96.18%, and the single piece of paper packaging express delivery is 288.08 grams. In 2025, the potential demand for corrugated paper for express packaging will increase by 4.5966 million tons.

In addition, the ban on plastics in various regions is gradually increasing, and paper packaging will gradually replace some plastic packaging, further increasing the demand for paper packaging and its raw materials. Paper packaging will become the main packaging material, and the demand for paper packaging will gradually enter a dividend period.