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How is the Expansion of Manufacturing Industries in China Shaping Growth?
2020-05-26 17:30:15

How is the Expansion of Manufacturing Industries in China Shaping Growth?

China is expected to hold 40% of the market share till 2031 of the Asia-Pacific excluding Japan region. The molded fiber pulp packaging market in China is expected to register a prominent growth rate of 7.2% in the upcoming decade, making it a lucrative country for manufacturers.

Fast-paced growth of industrial infrastructure and expansion of organized manufacturers in the country has resulted in low-cost and high-volume production of molded fiber pulp packaging.

But recently, Affected by the current high pulp prices, the profits of paper making enterprises have indeed shrunk significantly. The wood pulp industry has generally been in a state of overall loss. the differentiation and reshuffle of the industry has begun to take shape, and this cycle will be a huge test for the development of the industry.

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