1、 Industry Status
The epoxy resin packaging material industry is an important component of China’s packaging material industry. In recent years, with the rapid development of the logistics industry and the increasing requirements for packaging quality in fields such as food and medicine, the overall market demand for epoxy resin packaging materials has steadily increased. According to the prediction of China National Chemical Corporation, the epoxy resin sealing material market will maintain a compound annual growth rate of about 10% in the coming years, and the market size will reach 42 billion yuan in 2025.
Currently, the market for epoxy resin sealing materials in China is mainly divided into two categories: one is traditional PE and PP sealing materials; Another type is epoxy resin sealing materials with high barrier properties. The former has a large market scale with a market share of nearly 80%; The latter has a small market size, but rapid growth momentum and rapidly expanding market demand.
The number of epoxy resin sealing material enterprises is large, and the market distribution pattern among competitors is unstable. In recent years, the development trend has shown a gradual concentration towards advantageous enterprises. At present, the top five companies in China’s epoxy resin sealing material industry account for over 60% of the market share, namely Huafeng Yongsheng, Juli Sodom, Tianma, Xinsong, and Liou Co., Ltd.
However, the epoxy resin sealing material industry is facing some problems, such as fierce market competition, fierce price wars, overcapacity, and so on. Especially due to the increasingly severe environmental issues, epoxy resin sealing material companies have become increasingly demanding in terms of environmental requirements, with increasing investment and operational difficulties.
2、Market demand and trends
With the development of China’s logistics industry and the continuous improvement of packaging quality requirements in fields such as food and medicine, the overall market demand for epoxy resin sealing materials is showing a steady upward trend. The epoxy resin sealing material with high barrier performance is favored by more and more enterprises and consumers due to its multiple functions such as moisture-proof, fresh-keeping, and anti-seepage, and the market demand is growing rapidly.
Meanwhile, another trend in the development of the epoxy resin packaging industry is that high-tech epoxy resin packaging materials not only have multiple functions such as strong barrier, preservation, and quality maintenance, but also can effectively prevent food, drugs, cosmetics, and other easily contaminated items from being contaminated. This epoxy resin sealing material will be the future development direction.
In addition, the epoxy resin sealing material industry should also strengthen its integration with new technologies such as mobile internet, cloud computing, and big data to meet consumers’ personalized needs and environmental protection requirements, and improve product added value and competitiveness. In addition, the future epoxy resin sealing material industry is expected to develop towards intelligent and green directions, in order to further enhance market share and core competitiveness.
3、 Development Opportunities and Challenges
With the enhancement of environmental awareness, the epoxy resin sealing material industry will face opportunities and challenges. On the one hand, the government has strengthened its support and guidance for the environmental protection industry, focusing on the development of the environmental protection industry, and promoting the development of the epoxy resin sealing material industry. On the other hand, the intensification of environmental pressure and industry upgrading will accelerate the squeezing of market space for enterprises with low production capacity and outdated technology, thereby promoting the improvement of industry scale and quality.
In addition, the development of the epoxy resin sealing material industry needs to rely on innovation in new material technology and talent cultivation, while strengthening the construction of product brands and marketing channels to improve product quality and market competitiveness. At the same time, the industry should strengthen its independent innovation capabilities, improve the technological content and competitiveness of enterprises, in order to better respond to changes and developments in domestic and foreign markets.
Epilogue
Overall, the development prospects of the epoxy resin sealing material industry are broad, and it has become an important component of China’s packaging industry. In the future, with the increasing awareness of environmental protection, technological progress, and market demand, the epoxy resin sealing material industry will usher in a broader development space. At the same time, with the increasingly fierce market competition and overcapacity, epoxy resin sealing material enterprises also need to strengthen their independent innovation and improve their technological level, as well as strengthen product quality and marketing in order to better respond to market changes and achieve long-term stable development.
Post time: Oct-17-2023